Please describe your proposed solution.
This project proposes to develop a set of Terraform scripts that will launch all of the necessary tooling and assets to launch a sidechain built on either the Cardano Node or Cosmos Node, with selectable consensus mechanisms and parameters. The project will also adapt the current IOHK released side chain smart contract to be able to launch on PreProd and/or MainNet according to the configuration of the above Terraform Scripts and link Cardano <> sidechain. Finally, the project will create a discovery tool that allows existing Cardano Stake Pool Operators to select and launch validator nodes for sidechains.
Project Goals:
The goals of this project are to:
- Provide a simple and easy-to-use way to launch sidechains on Cardano
- Increase the interoperability of Cardano with other blockchains
- Make it easier for developers to build dApps that can run on both Cardano and other blockchains
- Promote the adoption of Cardano by businesses and organizations
Project Benefits:
The benefits of this project include:
- Increased scalability and throughput for Cardano
- Improved security and privacy for Cardano users
- Increased flexibility and customization for Cardano dApp developers
- Enhanced interoperability with other blockchains
- Increased adoption of Cardano by businesses and organizations
Project Timeline:
The project is expected to be completed within 6 months.
Project Budget:
The total budget for the project is 247500. This budget will be used to cover the costs of development, testing, and deployment.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
We address the challenge setting in several ways: Node Software, Scalability Solutions, Technical Standards, and Blockchain Interoperability.
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Node Software: The proposed Terraform scripts and the discovery tool for Cardano Stake Pool Operators will significantly streamline and enhance the processes involved in operating and managing sidechain nodes on the Cardano network. We reduce the technical barriers and complexities typically associated with these tasks by making launching sidechains and managing validator nodes easier and more efficient. The proposed Terraform scripts and the discovery tool facilitate a smoother operational workflow for node operators and encourage greater participation within the Cardano network.
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Scalability Solutions: Introducing selectable sidechains contributes directly to the scalability of the Cardano network. By processing transactions on sidechains, the main Cardano chain can handle a larger volume of transactions without compromising its speed or performance. This increased scalability is critical to ensuring that Cardano can continue to grow and accommodate an expanding user base, thereby enhancing its utility and attractiveness as a blockchain solution.
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Technical Standards: The development of the Terraform scripts, coupled with the adaptation of the IOHK-released sidechain smart contract, introduces new methodologies and technical standards to the Cardano ecosystem. These standards guide future projects and initiatives, ensuring consistency and quality in the development efforts within the Cardano community.
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Blockchain Interoperability: Our project promotes interoperability between blockchains by creating sidechains that can be built on either the Cardano Node or Cosmos Node. This interoperability allows developers and businesses to integrate and interact with various blockchain platforms easily, thus enhancing the overall utility of Cardano. This level of interoperability can help Cardano achieve broader adoption and acceptance, which in turn can help to grow and enrich the Cardano ecosystem.
Our project addresses critical challenges and contributes numerous benefits to the Cardano ecosystem. Our solution bolsters Cardano's robustness and growth potential by increasing scalability, promoting interoperability, and establishing new technical standards.
How do you intend to measure the success of your project?
Our project will be a success when the terraform scripts can be used to launch a sidechain and the requisite smart contract on the Cardano Preprod Network.
Please describe your plans to share the outputs and results of your project?
The outputs of this project will be in a Github repository. Explainer videos will be uploaded to YouTube.