There has been two attempts at bridging CryptoNote coins and Ethereum blockchain before.
Talleo Project has launched own bridge on Rinkeby testnet of Ethereum and at the same time is working on equivalent Tron bridge on Nile testnet.
The bridge uses payment ID field of CryptoNote transactions to transcode destination Ethereum address and transcodes Talleo address in contract parameters when converting from wrapped TLO back to TLO.
Main purpose of Ethereum bridge is to allow trading CryptoNote coins on decentralized exchanges and implement payments on smart contract based games.
talleo using protocols of the same profile as Monero. Accumulating more and more to Tlo. #tlo #talleo
Both the Ethereum hashes rate and the number of transactions per day have increased significantly. Talleo is building its history.
The Ethereum network is constantly updated, which tends to improve its performance and increase its long-term functionality. Without a doubt Talleo and Ethereum are great pairs
What a great feature! This will help with the adoption.
- When is the release date?
- What is CryptoNote coin?