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Public chain projects Nervos and Cardano plan to launch cross-chain operations in the next six weeks

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The bridge is expected to reduce transaction costs for cryptocurrencies on both platforms, while reducing the burden of users accessing two network functions using different wallets.

Public chain projects Nervos and Cardano say they plan to have their platforms interoperable within the next six weeks. According to IOHK, the development team behind Cardano, the Nervos and IOHK bridge each other to further their goal of finding a "Bluetooth moment" for the industry. The start-up is significant, the companies say, because it connects two multibillion-dollar ecosystems. It is also the first "bridge" for Cardano, which is currently valued at $56.3 billion, making it the fourth largest cryptocurrency in the market.

Blockchain accelerator Mousebelt has been used to develop the technology, funded by a Nervos grant. The Cardano team will provide expertise and resources to connect its network.

The bridge is expected to reduce transaction costs for cryptocurrencies on both platforms, while reducing the burden of users accessing two network functions using different wallets. The companies said it will allow developers from both chains to access services and features to expand their decentralized application and user base.