Cardano Reaches Another Interoperability Milestone, New Ethereum-Cardano Bridge Goes Live

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Car­dano has hit anoth­er inter­op­er­abil­i­ty mile­stone as the Iagon Ethereum-Car­dano token bridge goes live in beta version.

In late April, Iagon, a decen­tral­ized cloud com­put­ing plat­form, announced its migra­tion from the Ethereum blockchain to Car­dano. Fol­low­ing that, it announced that it had migrat­ed 50% of its token sup­ply from Ethereum to Car­dano, total­ing 500 mil­lion IAG tokens.

As explained by the IAGON team, the pur­pose-made token bridge was built to enable the con­ver­sion of your ERC-20 IAG tokens to CNT IAG tokens, so the tokens on the dif­fer­ent blockchains (Ethereum and Car­dano) can interact.

The new bridge relies on solu­tions pro­vid­ed by Milkome­da, a Lay­er 2 pro­to­col, and Nomad pro­to­col. Iagon also hint­ed at a plan to include sup­port for oth­er ERC20 projects, if allowed.

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Car­dano reached a piv­otal moment in inter­op­er­abil­i­ty after the Milkome­da Foun­da­tion announced the launch of Milkome­da C1 in late March. Car­dano CI is a Lay­er 2 EVM com­pat­i­ble sidechain that enables Ethereum dApps to be deployed in the Car­dano ecosys­tem. Short­ly after this, the ADA-AGIX con­vert­er went live, thus enabling sin­gu­lar­i­tyNET native token AGIX to become inter­op­er­a­ble with Car­dano’s first asset, ADA.

Cardano Vasil’s Hard Fork nears

A sug­gest­ed road map giv­en ear­li­er by Car­dano’s par­ent com­pa­ny, IOHK, indi­cates the end of May for the closed pub­lic test­net phase, while Vasil is expect­ed to launch on the Car­dano test­net in ear­ly June. Also, the main­net hard fork pro­pos­al dead­line has been set for June 29.

The upcom­ing Vasil update will intro­duce four dif­fer­ent CIPs: CIP-31 (Ref­er­ence Inputs), CIP-32 (Inline Datums), CIP-33 (Ref­er­ence Scripts) and CIP-40 (Col­lat­er­al Outputs).

ADA is trad­ing at $0.48, down near­ly 6% in the last 24 hours.



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