📰 Table Of Contents
Upgrade of ckETH Minter on Internet Computer Mainnet
The testing version of the ckETH minter on Internet Computer (ICP) mainnet has been upgraded to feature the Sepolia version of the USDC token. Users can now obtain Sepolia ETH from various faucets available online and Sepolia USDC to engage with the Sepolia ETH and USDC tokens.
Deposit and Minting Process
Once acquired, users can deposit both Sepolia ETH and USDC to mint ckETH and ckUSDC, respectively. It’s important to note that while ckETH is not required to deposit USDC, it is necessary to withdraw ckUSDC and receive USDC back.
DFINITY Foundation and Internet Computer
DFINITY Foundation, a not-for-profit organization developing technology for the Internet Computer (ICP) blockchain, is behind this initiative. A portion of the ckSepoliaETH will be used by the minter canister to cover transfer transactions on the Sepolia testnet, with canister IDs available for reference.
Dashboard and Conversions
The ckSepoliaETH minter offers a dashboard displaying conversions and corresponding Ethereum transactions for both ckETH and ckERC20 transactions. Developers interested in supporting conversions between ERC20 and the corresponding ck-twin token in their dapps are encouraged to start experimenting with ckUSDC.
Development and Support
Christian Müller, Senior Software Engineer at DFINITY, emphasizes that the project is still in development, and users may encounter bugs. Feedback on bugs and issues is welcomed to improve the stability of ckETH/ckUSDC. Currently, there is no user-friendly front-end available, so users should be comfortable using dfx calls, especially for the final step.
Future Plans
In June last year, the ICP launched an upgrade proposed by the community to expand support for all canister smart contracts. DFINITY aims to directly integrate the Bitcoin (BTC) network with the Internet Computer, bringing smart contracts to Bitcoin through an application of Chain Key cryptography.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
