Find out when the Ethereum switch will be launched on the Cardano beta network
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Answer Find out when the Ethereum switch will be launched on the Cardano beta network
Francisco Landino, Project Manager at Input Output Global, shared some updates to the Cardano ERC20 switch during a recent event, noting that the service and new feature will arrive in beta network next week.
The converter, first announced in May, will allow users to bring Ethereum-based and Ethereum-based cryptocurrencies to the Cardano blockchain and vice versa.
According to Landino, the new tool is designed for both end users and cryptocurrency issuers.
He added that any ERC20 digital token can be issued on Cardano as a local digital token.
In March, Charles Hoskinson, CEO of IOG, stated that more than 100 companies were in the process of switching from Ethereum to their competitors.
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as such Foot Landino presented a presentation on how to convert SingularityNET’s AGIX digital tokens to Cardano.
Stay tuned for the launch of smart contracts on Cardano:
Cardano’s Head of Delivery Dimitris Polopoulos stated that the internal team is currently looking for anything that could be a concern before the mainnet debuts, monitoring the network to confirm stability and tracking any feedback.
He also told Mel McCann, Head of Technology Integrations at Cardano, that the team tracks 140 trading platforms and more than 100 third parties within the ecosystem.
We have a lot of different components that we offer to our trading platforms, and not all businesses are the same.
The highly anticipated “Alonzo hard fork combinator” upgrade is expected to take place on September 12th which will bring with it smart contracts feature and many other highly anticipated services.
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