Cardano ERC-20 Converter Archives - Times Tabloid https://timestabloid.com/tag/cardano-erc-20-converter/ Cryptocurrency and Blockchain Tabs Fri, 27 May 2022 07:30:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://timestabloid.com/wp-content/uploads/2021/08/cropped-Times-Tabloid-Favicon-32x32.png Cardano ERC-20 Converter Archives - Times Tabloid https://timestabloid.com/tag/cardano-erc-20-converter/ 32 32 New Ethereum to Cardano Bridge Launches as Cardano Advances in Terms of Interoperability https://timestabloid.com/new-ethereum-to-cardano-bridge-launches-as-cardano-advances-in-terms-of-interoperability/ Fri, 27 May 2022 07:29:05 +0000 https://timestabloid.com/?p=6108 Cardano, the world’s largest proof-of-stake (PoS) blockchain, has attained a new milestone in terms of interoperability as Iagon’s Ethereum to Cardano token bridge goes live in beta version. Iagon, a Cloud Computing Platform offering access to a decentralized IAG-powered Shared Storage Economy, made this new development known in a tweet on the 25th of May […]

The post New Ethereum to Cardano Bridge Launches as Cardano Advances in Terms of Interoperability appeared first on Times Tabloid.

]]> Cardano, the world’s largest proof-of-stake (PoS) blockchain, has attained a new milestone in terms of interoperability as Iagon’s Ethereum to Cardano token bridge goes live in beta version.

Iagon, a Cloud Computing Platform offering access to a decentralized IAG-powered Shared Storage Economy, made this new development known in a tweet on the 25th of May 2022. The report says that the firm aims to boost the growth and development of the Cardano ecosystem.

Read Also: WingRiders DEX That Brings USDT and USDC Stablecoins to Cardano Has Launched On Mainnet

Iagon tweeted, “Iagon Ethereum-Cardano #TokenBridge is launched. We believe that our solution powered by @Milkomeda_com & @nomadxyz_ contributes @Cardano development & growth.”

Back in April 21st, Iagon announced its migration from the Ethereum to Cardano blockchain. Around that time, it also announced that it had moved 500 million IAG tokens to Cardano, representing 50% of IAG’s total supply.

According to the Iagon team, the purpose-made token bridge was built to enable the conversion of ERC-20 IAG tokens to CNT IAG tokens, to make tokens on both Cardano and Ethereum blockchains interact.

Read Also: Hoskinson to Buterin on Blockchain Development in Africa: “Dude, Where Have You Been?”

It’s also said that the new bridge will be powered by solutions provided by Milkomeda, a layer-2 protocol. The platform also plans to include support for other ERC20 projects.

In late March 2022, Cardano saw notable progress in its advancement in terms of interoperability after the Milkomeda Foundation announced the launch of Milkomeda C1.

Cardano CI is a Layer 2 Ethereum Virtual Machine (EVM) compatible sidechain that enables the deployment of Ethereum decentralized applications (DApps) to the Cardano blockchain.

After this development, the ADA-AGIX converter was also launched. This enabled SingularityNET token AGIX to become interoperable with the ADA, the native token of the Cardano blockchain.

Follow us on Twitter, Facebook, Telegram, and Google News

The post New Ethereum to Cardano Bridge Launches as Cardano Advances in Terms of Interoperability appeared first on Times Tabloid.

]]> Cardano’s First ERC-20 Converter Is Now Live on the Testnet https://timestabloid.com/cardanos-first-erc-20-converter-is-now-live-on-the-testnet/ Wed, 08 Dec 2021 00:51:41 +0000 https://timestabloid.com/?p=1413 Despite challenges and criticisms, Cardano (ADA), the largest proof-of-stake (PoS) blockchain, continues to advance in its quest to match its stern rival blockchains in the industry, especially Ethereum (ETH), the largest smart contract platform. A new development has emerged in the ecosystem. Cardano’s first ERC-20 converter is now live on the testnet. According to the […]

The post Cardano’s First ERC-20 Converter Is Now Live on the Testnet appeared first on Times Tabloid.

]]> Despite challenges and criticisms, Cardano (ADA), the largest proof-of-stake (PoS) blockchain, continues to advance in its quest to match its stern rival blockchains in the industry, especially Ethereum (ETH), the largest smart contract platform.

A new development has emerged in the ecosystem. Cardano’s first ERC-20 converter is now live on the testnet. According to the report shared via Twitter on 7th December 2021 by Input Output Global (IOG), AGIX tokens will be the first to benefit from lower fees and other great features on the Cardano blockchain.

Read Also: Cardano Chosen to Power Artificial Intelligence (AI) Modules of a Humanoid Robot Named Grace

IOG tweeted, “OUT NOW: Our first ERC-20 converter is now live on testnet! SingularityNet AGIX tokens will be the first to take advantage of Cardano’s lower fees, higher transaction capacity, and enhanced security.”

Similarly, SingularityNET, a decentralized Artificial Intelligence (AI) economy platform, described the new development as the beginning of a rapidly expanding multi-chain decentralized AI ecosystem.

Read Also: Cardano-Based Decentralized Exchange, SundaeSwap, Is Finally Live On Public Testnet

Ben Goertzel, CEO and Chief Scientist at SingularityNET, who reacted to the progress, said:

“I’m extremely excited by the emergence of the AGIX-ADA/AGIX-ETH converter onto Cardano testnet, and soon after that onto mainnet. Every revolution is carried out one step at a time, and this is the first in a series of steps whose result will be the porting of the full SingularityNET decentralized AI platform onto Cardano.

“The importance of this port for SingularityNET and the whole blockchain and AI ecosystems cannot be overestimated – it will yield not only a far faster and more economical AI network, but also a massively superior foundation for adding advanced new functions to SingularityNET and moving toward realizing our vision of decentralized AGI.”

Read Also: Milestone Achieved: Cardano (ADA) Surpasses 20 Million Transactions without a Single Day of Downtime

How to Test the AGIX Converter as a User

In the announcement, IOG further stated that users who are interested in testing out the Cardano AGIX converter will have to download the Daedalus or Yoroi nightly testnet wallet, set up a Metamask account, and grab some test tokens, such as $AGIX, $tADA, and $KETH, from the faucet.

Step by step instructions on how to go about the testing can also be found at the Cardano developer portal.

Follow us on Twitter, Facebook, Telegram, and Download Our Android App

The post Cardano’s First ERC-20 Converter Is Now Live on the Testnet appeared first on Times Tabloid.

]]>