Smart contracts to bring dApps to Cardano
The Cardano blockchain and its native cryptocurrency ada were designed to be a decentralized global operating system for a large number of users in a Web3 world of decentralized applications and crypto wallets, offering accessible economic services to those who seek such services.
Cardano is the first provably secure and research-driven blockchain platform, consistently being developed by a team of collective experts with worldwide usage in mind rather than just another p2p (peer-to-peer) blockchain and cryptocurrency.
It features an open, programmable, and low-cost transaction platform to meet users’ needs for scalability, sustainability, and interoperability, while also offering green technology through its proof-of-stake protocol.
Cardano’s full potential is now coming into realization as the Alonzo hard fork upgrades bring forth the integration of smart contracts.
Smart contracts will enable Cardano dApp projects to build DeFi (decentralized finance), NFTs (non-fungible tokens), DIDs (decentralized identity), and many other decentralized applications (dApps) on Cardano’s network, thus expanding its real use case potential.
Yoroi Wallet’s dApp Connector plays a key role
In order to unlock such vast potential, Yoroi Wallet will soon unveil a platform for interacting with dApps – Yoroi Wallet’s dApp Connector.
It will play a key role by allowing the community to operate with all these decentralized services through their trusted Yoroi Wallet.
Developed by EMURGO, Yoroi is a light wallet for Cardano ada users which enables users to store, send, receive, and stake their ada cryptocurrency through mobile app and desktop browser versions.
Yoroi also enables users to register to vote for Project Catalyst, with new features on the way such as the dApp Connector mentioned above.
dApps play a critical role in Web 3.0 as they facilitate resource discovery, communication between systems and programs, and management of our daily lives in a decentralized manner through public blockchains. This allows for real-time transparency, accountability, and decentralization.
The “classic” Web 2.0 platforms for storage, audio, and hosting services are rapidly being repurposed as Web 3.0 apps with self-management capabilities, aided by the development of public blockchain technology such as Cardano.
Read more: What are Web1, Web2, and Web3?
How Yoroi’s dApp Connector impacts Cardano
Interactions between users and blockchain-based dApps on the Cardano blockchain require a bridge, precisely what Yoroi’s dApp Connector will provide.
As a result, users are able to simply access such dApps and do so from their preferred web browser via a plugin.
After enabling the dApp Connector, the user will be able to participate in any activities that the dApp permits such as purchasing or selling tokens, gaining access to resources, or using other features offered by the dApp.
Yoroi’s dApp Connector creates a seamless connection between Yoroi and the connected dApp.
This communication bridge between both platforms facilitates the validation of ownership of specific assets and can allow the execution of transactions for the dApp.
Finally, the most exciting feature is the interaction with smart contracts, where Yoroi and the dApp Connector perform all the communication with the blockchain and the smart contract.
Download Yoroi Wallet now to enter Cardano’s Web3 ecosystem of dApps
Yoroi is an open-source Cardano ada light wallet that enables ada holders to interact with Cardano dApps.
Yoroi is available on mobile and desktop browser versions and is updated on a consistent basis by EMURGO, a founding entity of the Cardano blockchain.
To stay up-to-date with Yoroi Wallet news and developments, follow the official channels below.
About Yoroi Wallet
- Yoroi Twitter: @YoroiWallet
- Yoroi Homepage: https://yoroi-wallet.com/
- Official Homepage: emurgo.io
- Twitter (Global): @EMURGO_io
- YouTube: EMURGO channel
- Telegram: EMURGO Announcements
- Facebook: @EMURGO.io
- Instagram: @EMURGO_io
- Medium: EMURGO Announcement
- LinkedIn: @EMURGO_io