Cardano begins to test the migration of ERC-20 tokens on its blockchain-Bits Media

Next week, the “converter” for ERC-20 tokens will be launched in the Cardano test blockchain-a tool for migrating tokens to the Cardano network.

During the last Cardano event 360
IOHK project manager Francisco Landino (Francisco Landino) stated, that the converter for ERC-20 tokens will be deployed in the test network next week. The two-way migration instrument ERC-20 was first presented
in has, Its goal is to give users the opportunity to transfer tokens based on Ethereum to Cardano and vice.

According to Landino, The new tool is designed as for end users, and for tokens issuers. Any ERC-20 token can be released in Cardano as a network token. The developer also showed a demonstration presentation of that, How to convert Singularitynet Agix token in Cardano using a new tool.

As part of the event, the developer of Cardano Dimitris Polopoulos (Dimitris poulopoulos) stated, that the project team is now studying all potential problems, which may occur when the Alonzo hardforte is deployed with support for smart contracts in the main network in September.

Head of the Cardano Foundation Technical Integration Department Mel McCann (Mel McCann) claims, that the team now maintains contact with 140 exchanges and more than 100 other organizations in the ecosystem:

“We have many different components, which we offer exchanges, And not all exchanges are the same ", – McCann said.

During the event of Jeremy Ferster (Jeremy Firster) From Cardano Foundation also announced a new remuneration program for developers for finding vulnerabilities in partnership with Hackerone. Ferster said, that the main goals of the program are to ensure the transparency of the code and its reliability.