In accordance with the recent introduction by Input-Output Global PM Fransisco Landino, the intuitive instrument will be allowing Ethereum tokens to go live on Cardano smart contracts. The new instrument will be making the tokens more portable and are going to allow the ERC-20 tokens to leave the proof-of-work (PoW) of Ethereum conveniently. Intuitive Instrument Will Allow Ethereum Tokens ERC-20 to Move to Cardano Well, the need to have a cross-platform token migrant instrument was due to the constantly increasing traffic on the Ethereum network and moreover, the transaction charges. These were undoubtedly the most obvious rationales behind the idea of the introduction of the intuitive instrument. As compared to the proof-of-work consensus of Ethereum, the Ouroboros of Cardano consumes less energy and definitely has much lower transaction charges. This is the major reason why running tokens on Cardano is environment friendly and a cost-effective alternative to the Ethereum network. In addition to this, it was revealed that the upcoming migration tool of transferring ERC-20 tokens from the Ethereum network to the Cardano network, will be made accessible for both the creators of the token and the holders of the token. Also, once the process of migration of coins is initiated, the tokens with the same value will be automatically minted on Cardano. Energy Consumption to be Drastically Reduced Carl Beekhuizen, the Ethereum Foundation Researcher has recently published a blog post in which he revealed the estimates that the Ethereum network would be able to reduce its energy consumption by 99.95% following the transition to proof of stake. After some mathematical calculations, Beekhuizen claimed that there are around 87,897 authenticators and further determined that they need around 1.64 megawatts of power that corresponds to the total energy consumption of a small village instead of a whole country. Moreover, he also revealed that the miners of Ethereum currently consume around 9.9 terawatt-hours per year.
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