Bridging the gap

Still waiting for that Ethereum-Cardano bridge? Well, you’re in for a treat!

💡 This article is reprinted here from Iagon corporate blog.

Hey, big news from Iagon! We are excited to announce that we are preparing to really put our tokens where our mouths are. And you should be well aware by now that we’re talking Cardano.

As the community witnesses attempts to build a bridge between Ethereum and Cardano, it’s safe to say the first steps on the path to true interoperability for “the green blockchain” have been taken. And that’s good news for all you Iagonauts!

Time to move

The native token of Iagon’s protocol is the IAG, an ERC-20 token used on the Ethereum blockchain we departed from. Exactly 1 billion of these tokens were minted on Ethereum and the same number has been minted on Cardano to make it possible for our users to transfer their assets.

But even though it seems easy to convert one token into another, things get a bit more complex when it comes to technicalities. Not exactly like the Einstein-Rosen bridge, but still complex. This is why, at the moment, it’s not possible to do that in one simple step. The conversion requires two steps and collaboration with other projects, but hey, there’s always some room for improvement. We dream big!

Let’s have a look at the process itself.

For more information and to see what else is going on with iagon, please follow us at the social media links, or head over to the IAGON Website!