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.
What a great feature! This will help with the adoption.
- When is the release date?
- What is CryptoNote coin?