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top-crypto-news Cardano

Now you can send ERC-20 tokens between Ethereum and Cardano, thanks to new beta bridge by iagon

May 28, 2022
Reading Time: 2 mins read
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What is Ethereum?

Ethereum is a smart contract platform that enables developers to build tokens and decentralized applications (dapps). ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network. Ethereum is the pioneer for blockchain based smart contracts.

What is Cardano?

Cardano is a decentralised platform that will allow complex programmable transfers of value in a secure and scalable fashion. It is one of the first blockchains to be built in the highly secure Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.

New interoperability blockchain interoperability, or cross-chain interoperability, is the ability to see and share information across multiple blockchains. achievement for Cardano with the launch of a bridge Ethereum-Cardano for the project lagon in beta*** version

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  • iagon launches ERC-20 tokens designed and used solely on the Ethereum platform. token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. bridging between Ethereum and Cardano
  • Milkomeda and Nomad have been catalysts for interoperability in Cardano
  • singularityNET also used Milkomeda for ADA-AGIX Converter

El pasado 25 de mayo de 2022, el equipo de iagon announced on Twitter that its token bridge between the network a network refers to all nodes in the operation of a blockchain at any given moment in time. Ethereum a decentralized open-source blockchain with smart contracts functionality. y Cardano had been launched, thanks to contributions from Milkomeda y Nomad .

????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

At the end of April, the iagon a decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. computing platform, announced that they had migrated from the blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. of Ethereum a Cardano .

Luego anunció que habían migrado el 50% del suministro de sus tokens $IAG de Ethereum a Cardano, a total of 500 million $IAG tokens.

The new bridge relies on solutions provided by Milkomeda, a layer 2 protocol, and of the Nomad.

Cardano achieved a major milestone in interoperability following the announcement of the foundation of the Milkomeda with its launch of Milkomeda C1 at the end of March.

Cardano C1 is a sidechain compatible with the virtual machine of Ethereum, which allows the launch of dApps created for Ethereum in the ecosystem of Cardano .

Right after this launch the team of singularityNET released an ADA-AGIX converter, allowing native ADA-AGIX tokens to be used in singularityNET If $AGIX, $AGIX were to become interoperable with $ADA.

Report of DiarioBitcoin

Imagen de Unsplash

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