Cardano’s IOHK Releases Ethereum ‘Converter’ By CoinQuora

Pro traders close Ethereum longs even after today’s $1.15B options expiry By Cointelegraph

Cardano’s IOHK Releases Ethereum ‘Converter’

  • IOHK is releasing a to token converter.
  • The converter will allow users to turn ERC20 tokens into ADA native special tokens.
  • Also, IO intends to use the converter as the first step for the SingularityNET migration.

Input Out (IO), the team behind Cardano, is releasing an Ethereum (ETH) converter. The converter will allow users to move ERC20 tokens from the Ethereum network to Cardano (ADA).

In a recent blog post, IOHK outlined why they chose to convert ERC20 over other tokens. The blog specifies that the ERC20 standard is specific to Ethereum. The standard currently supports over 400,000 contracts including Binance coin, Tether, Uniswap, and others.

In addition, ERC20 fuels Ethereum’s Layer 2 platforms, smart contracts, and DApps. In fact, Ethereum pioneered programmable tokens and as such supports the largest blockchain ecosystem. However, as blockchain and crypto adoption grows Ethereum has started struggling with various scaling problems.

To be specific, some of the problems Ethereum is facing are…

This article was first published on

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Share on facebook
Share on twitter
Share on linkedin
0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x

Get Registered For FREE Forex Training!

Fill In Your Details To Get Registered For FREE Forex Training!

Do You Know About Forex Trading?(Required)
Have you done Forex Trading before?(Required)
Where did you hear about us?(Required)