Cardano Plans ERC20 Converter And Cross-Chain-Communication
Cardano is on schedule with work and it’s been revealed that the much-awaited hard fork is still on for July 29.
The Shelley upgrade
It’s been reported that on August 18th, all Stake Pool Operators and Pioneers will migrate to the Shelley Mainnet and start producing blocks.
As Crypto News Flash noted, this is one of the most important and difficult steps, and that’s why Charles Hoskinson is marking this date as an important milestone in a new video update.
You can check out the video below.
Hoskinson received amazing feedback for the video.
Someone on YouTube said: “I’m so embarrassed to say that I’ve been in the crypto space for at least 5 years and as soon as I see your videos I get excited like a little girl.”
Another person posted this: “These updates are intended to make me feel like im a real stakeholder in Cardano. It’s working. Thanks, Charles.”
Someone else said: “Truly incredible work Charles & Cardano team 🙂 your dedication to scientific rigor is impressive – so glad to be a part of the Cardano community & can’t wait to see what the future brings.”
Hoskinson also made sure to highlight the fact that more listings on exchanges will follow as well in August and this will bring fresh capital to the market and Cardano as well. Also, this could lead to a surge in ADA’s price.
At the moment of writing this article, ADA is trading in the red and the coin is priced at $0.122513.
The online publication mentioned above noted that “IOHK CEO Hoskinson has commissioned an external company to program an ERC20 converter that will be used to migrate tokens from the Ethereum network to the Cardano network.”
— Charles Hoskinson (@IOHK_Charles) July 19, 2020
In other news, Hoskinson also addressed a really exciting recent interview that you can check out above.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.