Cardano (ADA) Launches Connector For DApps Integration
July 30 2021 - 1:00PM
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Cardano (ADA) continues to move further in its smart contracts
integration on its blockchain. Cardano announced about a week ago
that it had successfully completed the long-awaited Alonzo White
Hard Fork. And with this, the project was moving on to the next
phase of the integration. Smart contracts on the Cardano network
will allow developers to build decentralized finance (DeFi), NFTs,
decentralized identity (DID), and countless other things not the
network. This is why the move to smart contracts support is very
important for the network. Related Reading | Cardano (ADA) And
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Continuing on down this road, Cardano has now launched a connector
for DApps integration on the network using its Yoroi Wallet. Yoroi
Wallet comes from the commercial arm and solutions provider of the
Cardano Ecosystem known as EMURGO. The Beta version of the
connector was announced four months ago via a press release on the
EMURGO website. This was in an effort to make a way for Cardano
(ADA) and Ergo (ERG) users to be able to make DApp transactions on
the blockchain with no problems. Related Reading | Cardano
(ADA) Demand Rises Amongst Retail And Institutional Investors, Why
This Is Happening The connector provides more incentives for DeFi
developers to build solutions and services on the blockchains. And
with Yoroi Wallet, seamlessly transfer between both networks. After
months of Beta testing, Yoroi Wallet has announced that the App
connector is now available for users on the blockchain. The
connector will increase adoption worldwide on the network. Bringing
more and more people into the decentralized global operating system
that was made for a user base that spans around the globe. A
@YoroiWallet dApp connector will allow interactions between users
and blockchain-based dApps on the Cardano blockchain. We are
excited for you to read our new blog on our upcoming release and
what it means for our users and the Cardano ecosystem!
https://t.co/GvqpE03xxo pic.twitter.com/waSYMjHFm8 — Yoroi Wallet
(@YoroiWallet) July 29, 2021 Functions Of Cardano’s Yoroi Wallet
Connector The Yoroi Wallet connector provides a much-needed bridge
between users and blockchain-based decentralized apps (DApps) to
enable them to access the services they require. The DApp connector
will allow users to carry out activities permitted by the DApp that
they are currently accessing. Related Reading | Cardano (ADA)
Launches Crypto Charity Platform With Rwanda-Based NGO These
activities include the buying and selling of tokens, getting access
to resources provides by that DApp, and/or accessing features
offered by the DApp. The bridge provided by the Yoroi Wallet
connector also permits the validation of owners of specific assets.
Also allowing executions for transactions for the DApp, a
functionality that would bring access to things like NFTs. ADA
price currently trending around $1.25 | Source: ADAUSD on
TradingView.com More importantly, is the fact that the Yoroi Wallet
connector will act as the communication medium between the Cardano
blockchain and smart contracts once the network is able to support
them. Users can get access to the connector by simply adding it as
a plugin on their preferred browser of choice. From there, they can
access whatever features they wish to use. Featured image from
NewsBeezer, chart from TradingView.com
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