About Cardano and Ethereum
What Is the Cardano Ecosystem?
Cardano is a third-generation blockchain platform designed for scalability, interoperability, and sustainability. Its native cryptocurrency, ADA, powers smart contracts and decentralized applications (dApps) through a proof-of-stake (PoS) consensus mechanism. Key features:
- Ouroboros protocol: Energy-efficient PoS algorithm.
- Layer-2 solutions: Hydra for transaction speed.
- Governance: On-chain voting via Voltaire.
What Is the Ethereum Ecosystem?
Ethereum is the leading smart contract platform supporting ERC20 tokens and dApps. Transitioning to Ethereum 2.0 (ETH2) with:
- Proof-of-Stake (PoS): Reduced energy consumption.
- Sharding: Enhanced scalability.
- DeFi/NFT hubs: Uniswap, OpenSea, etc.
How Bridging Cardano and Ethereum via SwapSpace Works
Step 1: Initiate the Swap
- Select ADA (Cardano) and your desired ERC20 token in the SwapSpace widget.
- Enter amounts or adjust parameters.
- Click "View Offers" to compare rates.
👉 Discover the best cross-chain rates
Step 2: Choose Your Exchange Rate
- Fixed Rate: Lock in the price instantly.
- Floating Rate: Accept market fluctuations.
- Provide recipient addresses (Cardano for delivery, Ethereum for refunds).
Step 3: Confirm and Send
- Send your ADA to the displayed Cardano address.
- Use QR codes or "Connect Wallet" (Metamask, Trezor, WalletConnect) for seamless transfers.
Step 4: Receive ERC20 Tokens
- Track progress via Swap Tracker.
- Contact support if delays occur.
FAQs
Q1: How long does a Cardano-to-Ethereum swap take?
A: Typically 5–30 minutes, depending on network congestion.
Q2: Are there fees for cross-chain swaps?
A: Yes, fees vary by exchange service and network conditions.
Q3: Can I swap any ERC20 token?
A: Most are supported, but verify availability on SwapSpace.
Why Use Cross-Chain Bridges?
- Interoperability: Leverage both Cardano’s low fees and Ethereum’s liquidity.
- Diversification: Access Ethereum-based DeFi/NFTs with ADA.
👉 Start your secure swap today
Note: Always double-check wallet addresses before sending funds.