Thursday, August 18, 2022
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Cardano

Cross-chain bridge connecting Cardano and Ethereum set to open

by Crypto News
October 23, 2021
in Cardano
0
Cross-chain bridge connecting Cardano and Ethereum set to open
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Enter Output International – developer of the Cardano blockchain – has created a cross-chain ‘bridge’ with NFT options supplier Bondly to attach the Cardano and Ethereum networks.

Improvement of the bridge, which marks the primary venture of the partnership, will enable NFT creators to simply transfer their NFTs from the energy-intensive Ethereum blockchain to Cardano.

Related articles

$ADA: Latest News About Upcoming Cardano-Powered Metaverse ‘Cardalonia’ ($LONIA)

$ADA: Latest News About Upcoming Cardano-Powered Metaverse ‘Cardalonia’ ($LONIA)

August 18, 2022
Cardano Investment Products Now Available to Clients of Major German Banks

Cardano Investment Products Now Available to Clients of Major German Banks

August 18, 2022

IO International and Bondly anticipate releasing the brand new bridge in early 2022, following the launch of good contract performance on the Cardano mainnet final month. 

The bridge will present NFT creators with an eco-friendly resolution for his or her NFTs to fight the power inefficiency of Ethereum’s Proof of Work resolution. Whereas Bitcoin and Ethereum presently use an quantity of power much like Oman and Columbia respectively, Cardano makes use of the power equal of a household house. Cardano additionally gives worth predictability and stability for transaction prices, which permits creators to mint or switch NFTs with out risking misplaced transactions or unexpectedly excessive prices. 

Bondly will produce a particular collection of eco-friendly NFTs celebrating the launch of good contracts on Cardano, which provides builders the power to create apps that can utilise the capabilities of the world’s most superior inexperienced blockchain, in addition to NFTs marking the launch of the cross-chain bridge. 

Charles Hoskinson, CEO of IO International, mentioned Bondly’s inexperienced credentials had been key to a profitable collaboration.

“We constructed Cardano with power effectivity in thoughts, which is why this partnership with Bondly is so essential, as it would enable NFT creators entry to a number one resolution for token creation which doesn’t compromise on environmental credentials,” he mentioned.

“Bondly additionally shares our dedication to interoperability. We consider that blockchain will solely obtain mass adoption when finish customers have a seamless expertise, no matter which blockchain they’re utilizing, which is what bridges like this can obtain. 

Bondly CEO Harry Liu prompt the transfer might herald the following NFT evolution.

“The creation of a cross-chain NFT bridge between Ethereum and Cardano marks a pivotal second within the transition from legacy blockchain know-how to one of the vital hotly anticipated ‘third era’ networks,” he mentioned.

“As one of many pioneers of the NFT motion, we proceed to play a key position in constructing the infrastructure that can herald the following part of NFT evolution.”





Source link

Share76Tweet47

Related Posts

$ADA: Latest News About Upcoming Cardano-Powered Metaverse ‘Cardalonia’ ($LONIA)

$ADA: Latest News About Upcoming Cardano-Powered Metaverse ‘Cardalonia’ ($LONIA)

by Crypto News
August 18, 2022
0

Cardalonia, the Web3 startup that claims to be “constructing the most important metaverse ecosystem on Cardano” lately reported some...

Cardano Investment Products Now Available to Clients of Major German Banks

Cardano Investment Products Now Available to Clients of Major German Banks

by Crypto News
August 18, 2022
0

Tomiwabold Olajide Cardano merchandise now obtainable to prospects of key German banks as blockchain equities noticed inflows of $8...

Cardano Metaverse Pre-Sale Achieved More than 70% Allocation

Cardano Metaverse Pre-Sale Achieved More than 70% Allocation

by Crypto News
August 18, 2022
0

Customers who invested a min of 7K $LONIA and 200 $ADA are eligible for the itemizing.Lower than 30% of...

Cardano [ADA] holders would find themselves happiest as…

Cardano [ADA] holders would find themselves happiest as…

by Crypto News
August 18, 2022
0

ADA’s value has soared up to now few weeks. Cardano’s coin has seen a 27.20% rise in its costs...

World’s First Multi-Token ISPO — By Genius X

World’s First Multi-Token ISPO — By Genius X

by Crypto News
August 17, 2022
0

Zug, Switzerland — August 17, 2022. Genius X, a revolutionary launchpad and enterprise accelerator serving to Web3 startups attain...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
First bitcoin. Then GameStop. Now tiny tungsten cubes

First bitcoin. Then GameStop. Now tiny tungsten cubes

October 29, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
Decoding why EOS reversed stagnancy amid hard fork anticipation

Decoding why EOS reversed stagnancy amid hard fork anticipation

August 18, 2022
$ADA: Latest News About Upcoming Cardano-Powered Metaverse ‘Cardalonia’ ($LONIA)

$ADA: Latest News About Upcoming Cardano-Powered Metaverse ‘Cardalonia’ ($LONIA)

August 18, 2022
CME Announces Date of Ethereum Options Launch

CME Announces Date of Ethereum Options Launch

August 18, 2022
Blockchain Investor Presents Master Plan for Crypto Recovery

Blockchain Investor Presents Master Plan for Crypto Recovery

August 18, 2022

Recent News

Decoding why EOS reversed stagnancy amid hard fork anticipation

Decoding why EOS reversed stagnancy amid hard fork anticipation

August 18, 2022
$ADA: Latest News About Upcoming Cardano-Powered Metaverse ‘Cardalonia’ ($LONIA)

$ADA: Latest News About Upcoming Cardano-Powered Metaverse ‘Cardalonia’ ($LONIA)

August 18, 2022

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News