Yesterday marked the first Project to officially move from Ethereum to Cardano. SingularityNET has moved citing transaction speed and cost as a compelling reason to go to Cardano.

Between May 28 and the 31st, all AGI tokens in exchange wallets or held on Ledgers etc will be converted from AGI to AGIX, so that they can run natively on Cardanos blockchain.This is the first project to have completed a move and I think as we have a date now for Smart Contracts (end of August) it will be the first of many.While ETH 2.0 will be cheaper and faster than Ethereum is now, there’s still a compelling case for projects to use the ERC-20 converter, move over to Cardano and enjoy cheaper fees, faster transactions, energy efficient network and have their token represented natively with all the same rights and priorities on the network as ADA.Charles Hoskinson claims there are just over 100 projects looking to move from Eth to Cardano as more functionality is added in the coming months. Whether that number changes due to updates in Ethereum 2.0’s development remains to be seen.

Submitted May 29, 2021 at 04:37PM