Express
Cardano: The ERC-20 Converter Will Go Live on the Testnet Next Week
Summary: Cardano’s executives announced that it would launch an ERC-20 converter to bring Ethereum assets to Cardano’s testnet. According to IOHK Project Manager Francisco Landino, the new tool is coming on the testnet next week. The exec went on to add that the new tool is designed for both end-users and token issuers. It simply resembles ...
Cardano’s executives announced that it would launch an ERC-20 converter to bring Ethereum assets to Cardano’s testnet. According to IOHK Project Manager Francisco Landino, the new tool is coming on the testnet next week. The exec went on to add that the new tool is designed for both end-users and token issuers. It simply resembles a bridge that connects the Ethereum network to Cardano, allowing for easy migration of Ethereum-based assets.
Landino added, users of Ethereum-based tokens will be able to benefit from Cardano’s transaction capacity and lower fees once the migration tool is deployed. The ERC-20 converter would also enable users to experience enhanced security, reduced cost, and interoperability on the blockchain.
By Amy Liu
Tags: Cardano,Converter,ERC-20
Link: Cardano: The ERC-20 Converter Will Go Live on the Testnet Next Week [Copy]
