Cardano Allows ERC20 Token Migration

Innovations is at work as Cardano will allow ERC20 tokens to port on Cardano smart contracts.

Announced by the IOHK team, the ERC20 Converter tool  will act as a bridge between blockchains, and this will promote effective cross-chain communication.

With the converter tool,it will allow issuing organizations and their users to handle ERC20 token migration to Cardano.

The ERC20 converter testnet is now in the final stages of quality assurance testing before the public launch.

With this new concept,Ethereum users have the option to finally escape the high gas fees and congestion and still utilize the full advantage of smart contracts platform needed for accessing decentralized apps.

#SmartCrypto