Blockchain interoperability is key to boosting technology adoption and growth for the entire space. Blockchain solutions should be accessible for everyone, regardless of the chosen protocol. However, speed of transaction processing, security properties, and scalability are critical to satisfying the needs of the crypto community. The ERC20 converter – a tool developed by IO Global – addresses these needs offering extended opportunities in terms of deploying solutions on Cardano using Ethereum-based tokens.

SingularityNET is our first partner to offer the migration of ERC20 SingularityNET (AGIX) tokens to Cardano and back to the source network.

In this initial testnet version, users can assess the AGIX ERC20 converter functionality testing the migration of tokens and benefit from a higher capacity of transaction processing, lower fees, and increased security guaranteed by the Ouroboros proof-of-stake consensus protocol. This means that token users, DeFi investors, and application developers can all enjoy the benefits of Cardano’s solid and secure ecosystem while being given the opportunity to send, receive, and build applications using Ethereum-based AGIX tokens.

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Cardano is an open-source project.

Cardano is a software platform ONLY and does not conduct any independent diligence on, or substantive review of, any blockchain asset, digital currency, cryptocurrency or associated funds. You are fully and solely responsible for evaluating your investments, for determining whether you will exchange blockchain assets based on your own judgement, and for all your decisions as to whether to exchange blockchain assets with Cardano. In many cases, blockchain assets you exchange on the basis of your research may not increase in value, and may decrease in value. Similarly, blockchain assets you exchange on the basis of your research may fall or rise in value after your exchange.

Past performance is not indicative of future results. Any investment in blockchain assets involves the risk of loss of part or all of your investment. The value of the blockchain assets you exchange is subject to market and other investment risks