To execute a swap as required by Milkomeda and Iagon Token Bridge, users need to hold at least 4 milkAda tokens in their wallets.

Read Also: New Ethereum to Cardano Bridge Launches as Cardano Advances in Terms of Interoperability

In a case where a user does not have enough or any milkAda tokens in his wallet, ADA can be transferred from any Cardano wallet to Ethereum Virtual Machine (EVM) wallet to get the required number of tokens.

As soon as the required number of tokens is obtained, users can then proceed to the bridge page and connect their Cardano wallet with Nami of Flint wallets. Afterward, they would need to select Milkomeda C1 and send their ADA to the address provided.

Iagon Token Bridge Currently in Beta Test Version

As aforementioned, Iagon Token Bridge is now actively functioning, but in the beta test version. However, it’s already achieving the purpose of its creation by wrapping and unwrapping IAG tokens on the Ethereum and Cardano blockchains.

The solution, powered by the Milkomeda sidechain, allows swapping ERC-20 IAG tokens for native tokens from the Cardano to Ethereum and vice versa.

Read Also: “Where Did the ADA Go?” Hoskinson Reacts To User’s Claim of Losing 7,000 Euros after Buying Cardano

Vasil Hard Fork May Go Live On Public Testnet on June 2nd

According to glneto, a developer at Mutant NFTs, a Cardano-based non-fungible token platform, the much-anticipated Vasil Hard Fork may go live on the public testnet on June 2, 2022. While the mainnet launch is estimated to launch on June 29.

glneto tweeted, “Cardano Vasil hard fork will be available on public Testnet on June 2nd (Mainnet planned for June 29th) and here is my take of its benefits from an @epoch_art perspective.”

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

The post Ethereum-Cardano USD Coin (USDC) Bridge Now Active. Here’s How It Works appeared first on Times Tabloid.

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.”

Iagon Ethereum-Cardano #TokenBridge is launched

We believe that our solution powered by @Milkomeda_com & @nomadxyz_ contributes @Cardano development & growth

Time to try it – https://t.co/y96PfMPbTk#buildingoncardano #CardanoCommunity pic.twitter.com/monHzOOVU4

— Iagon (@IagonOfficial) May 25, 2022

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.

Iagon, a Cloud Computing Platform offering access to a decentralized $IAG-powered Shared Storage Economy, made the new development known on Twitter a couple of hours ago.

Read Also: ChilledKong8885 Sold For 135,000 ADA on Cardano-Based NFT Marketplace, Charles Hoskinson Reacts

According to the report, over 50% of iogon’s token supply has been moved from Ethereum to the Cardano blockchain.

Iagon tweeted, “Officially migrated to Cardano! Today we bridged over 50% of our token supply from Ethereum. Loving the support from the Cardano Community. Onwards & Upwards.”

Officially migrated to #Cardano! Today we bridged over 50% of our token supply from #ethereum . Loving the support from the #CardanoCommunity. Onwards & Upwardshttps://t.co/8waztKNeks

— Iagon (@IagonOfficial) April 21, 2022

Iagon has been showcasing its interest in the Cardano blockchain for quite a long time. Back in September 2021, the firm announced the donation of the sum of 10,000 ADA to VeriTree for the support of Cardano Global Impact Challenge, an initiative that plans to plant 1 million trees.

Back then, the firm announced, “Iagon is excited to support Cardano Global Impact Challenge! We have donated 10k ADA to support #1MillionTrees. Proof and Nominees coming soon. Together we can build a first decentralized storage/computing platform on Cardano.”

Veritree’s reforestation verification records are said to be stored on the Cardano blockchain. The technology makes it possible to verify data from planting sites and link every individual donation to the area of land it helped to restore.

Read Also: Charles Hoskinson Wants Elon Musk to Make Cardano His Plan B If His Aim to Acquire Twitter Fails

Can Users Also Start Migrating Right Away?

In the announcement’s thread, a curious Cardano community member asked if users can also start migrating. In response, iagon team said a front-facing bridge will be created within the next 1 to 2 weeks. However, tech savvy users are also allowed to find a means to initiate the migration.

Iagon team noted, “If you are techsavy you might find a way yourself but for everyone else we are creating a front facing bridge for users. ETA 1-2 weeks.”

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

The post Cloud Computing Platform iagon Officially Announces Migration to Cardano from Ethereum Network appeared first on Times Tabloid.