Gimbal Reached a new stage of interoperability as lagon Ethereum-Cardano symbolic bridge is released in beta.
A decentralized cloud computing platform, lagon announced its migration from the Ethereum blockchain to Cardano, In late April. In addition, it announced the completion of 50% migration of its token supply from Ethereum to Cardano, 500 million IAG tokens collectively.
Cardano token bridge goes live in beta version and hits another interoperability milestone as the lagon Ethereum. The token bridge was built to support the conversions, such as the conversion of ERC-20 IAG tokens into CNT IAG tokens.
The bridge relies on solutions provided by Milkomeda, a Layer 2 protocol, and a Nomad protocol. With the help of these tokens, the different blockchains can interact, as explained by the IAGON team.
Further, lagon also revealed its plan for supporting ERC20 projects, if allowed. After the Milkomeda Foundation announcement for the launch of MIlkomeda C1 in march, Cardano reached a...
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