Detailed Plan

When we are looking to build robust decentralized protocols this centralization is a heavy choke point which must be addressed. This is double so when we move into the realm of building cross-chain bridges between Cardano and other chains.

We will be building a Cardano multisig coordination Solidity smart contract which allows coordinating and creating Cardano multisig transactions using any EVM-compatible chain as a middleware. This will be used as a key part of Milkomeda (https://milkomeda.com) to facilitate moving assets from the M1 sidechain to Cardano mainnet.

This will also provide one of the foundational building blocks for creating decrentalized bridges to any EVM compatible chain. The contracts will be general enough so that one day they could theoretically be used to build more decentralized bridges to Ethereum as well.