Cardano Input Output Global (IOG), the company behind the blockchain network, introduced “Public Chains,” a new framework to support innovation in the blockchain network. This new framework was introduced at the Cardano Summit 2023 event and aims to revolutionize the way new blockchains are launched on Web3.0.
Public Chains will be launched and operated by combining Cardano’s proven features such as security, liquidity and reliability, and modular blockchain technology. This framework is designed to be compatible with most blockchains and will be able to operate without being specifically tied to a specific technology stack or network. Public Chains appear to be an infrastructure created to support the development of innovations and applications within the Cardano ecosystem. This can help the network have greater usage and adoption opportunities in a broader ecosystem.
Cardano has always managed to stay at the forefront of technological innovations relative to its Tier-1 competitors. Known to outperform its competitors when it comes to GitHub development activities, the introduction of Partner Chains underscores its commitment to staying on top of the game even as the year draws to a close.
Cardano has described its Partner Chains as its approach to scalability and interoperability, two features it has focused on since its founding. IOG specifically confirmed that Partner Chains will have access to leverage the provably scalable Cardano Settlement Layer (CSL) while continuing to bring their own innovations.
As Partner Chains become functional on the Cardano network, IOG confirmed that the recently launched Midnight Protocol will be the first to benefit from the advancements contained in this innovation, being a perfect complement to this innovation.
The adoption of Partner Chains by Midnight Protocol is ideal for Cardano as it pursues year-round scalability features. With Hydra Head as one of its key innovations in the pursuit of scalability, Partner Chains will serve as a deeper showcase of the modular technology that is the result of over four years of research by the IOG team.
Cardano remains one of the best-performing altcoins in the market today, with on-chain metrics pointing to a positive November.