web analytics
Monday, May 23, 2022
News-CryptoEducatio
SHOP
  • Home
  • Crypto
  • Bitcoin
  • Blockchain
  • ICO
  • NFT
  • Ethereum
  • Dogecoin
  • Metaverse
  • Educatio
    • Personal Development
    • Physical Development
    • Business
    • Sales and Marketing
    • Investment
No Result
View All Result
News-CryptoEducatio
No Result
View All Result
ADVERTISEMENT
Home Ethereum

New Ethereum-to-Cardano Bridge Will Provide NFT Creators Eco-friendly Options

admin by admin
October 26, 2021
in Ethereum
0
New Ethereum-to-Cardano Bridge Will Provide NFT Creators Eco-friendly Options
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Bondly has introduced a brand new performance on the Cardano blockchain that’s aimed toward creators. Vitality consumption has been a significant drawback on the Ethereum community, particularly given the elevated utilization of the blockchain over the previous couple of months. Builders behind the venture have been working in the direction of transferring the community to proof of stake however that’s nonetheless one other yr away.

Within the meantime, Ethereum blockchain nonetheless makes use of a proof of labor mechanism which requires a considerable amount of power for transactions to be confirmed on the community. Thus, Bondly has launched a brand new resolution for NFT creators who could also be searching for extra sustainable and eco-friendly choices for his or her creations. However on the identical time, don’t need to lose the NFTs they’ve already minted on the Ethereum blockchain.

Associated Studying |

Bridging Two Worlds

In its announcement, Bondly says its official Ethereum to Cardano bridge will allow creators to decide on a extra eco-friendly blockchain for his or her NFTs. Creators are capable of transfer their NFT creations from the Ethereum blockchain to the Cardano blockchain utilizing this bridge.

When it comes to energy-efficiently, the Cardano blockchain is 4 million occasions extra environment friendly than Bitcoin. Ethereum is claimed to make use of the power equal of Columbia, whereas Cardano’s power utilization comes out to be equal to that of a household house. Thereby offering a greener and eco-friendly community for creators who’re nervous in regards to the environmental influence of blockchain use.

Associated Studying | Cardano Loses 3rd Spot On Crypto Top 10, Why It May Drop Even More

Bondly introduced that via this partnership with IOG, it is going to be capable of present NFT creators a technique to merely switch NFTs minted on the Ethereum blockchain over to Cardano with out the chance of shedding a transaction or paying excessive charges for transfers.

Cheaper On Cardano

Along with having their work on an eco-friendly blockchain, creators would not have to fret in regards to the excessive charges that the Ethereum community has come to be identified for. With nearly all of NFT minting taking place on Ethereum, the community charges have shot via the roof, leaving smaller creators who can’t afford these excessive charges out to dry. That is, nevertheless, not the case with Cardano.

Cardano price chart on TradingView.com

ADA worth struggles at $2.13 | Supply: ADAUSD on TradingView.com

The community boasts of low charges for any transaction carried out on the blockchain. Moreover, the community additionally gives NFT creators worth predictability and steady transaction prices, which is able to eradicate more and more excessive charges and the concern of misplaced transactions resulting from not having sufficient fuel charges to cowl a transaction.

The bridge is ready to launch in 2022 and in celebration of its launch, Bondly will launch a particular sequence of eco-friendly NFT on the community. Harry Liu, CEO of Bondly, mentioned; “The creation of a cross-chain NFT bridge between Ethereum and Cardano marks a pivotal second within the transition from legacy blockchain expertise to one of the hotly anticipated ‘third technology’ networks. As one of many pioneers of the NFT motion, we proceed to play a key position in constructing the infrastructure that may herald the subsequent part of NFT evolution.”

Associated Studying | Cardano Set To Enter The Babbage Era After Alonzo HFC Milestone

Liu isn’t the one one excited in regards to the bridge. Founding father of Cardano, Charles Hoskinson, expressed assist for the venture. “We constructed Cardano with power effectivity in thoughts, which is why this partnership with Bondly is so essential,” mentioned Hoskinson. “We consider that blockchain will solely obtain mass adoption when finish customers have a seamless expertise, no matter which blockchain they’re utilizing, which is what bridges like it will obtain.”

The founder has all the time believed that interoperability will be the future of the blockchain industry and this stance is reiterated with the brand new partnership with Bondly.

Featured picture from Bitcoinist, chart from TradingView.com



Source link

Related articles

Cryptocurrency Ethereum Classic Falls More Than 3% In 24 hours

Cryptocurrency Ethereum Classic Falls More Than 3% In 24 hours

April 25, 2022

Degens can stake crypto to help the Ukrainian people

April 22, 2022
Tags: BridgecreatorsEcofriendlyEthereumtoCardanoNFToptionsProvide
Share76Tweet47

Related Posts

Cryptocurrency Ethereum Classic Falls More Than 3% In 24 hours

Cryptocurrency Ethereum Classic Falls More Than 3% In 24 hours

by admin
April 25, 2022
0

Ethereum Traditional's ETC/USD value has decreased 3.4% over the previous 24 hours to $32.83, persevering with its downward development...

Degens can stake crypto to help the Ukrainian people

by admin
April 22, 2022
0

Laura Okay. Inamedinova is a advertising and marketing company CEO from Lithuania who began early with ICOs, a journey...

One Ethereum Competitor Is Primed for an Explosive Rally, According to Coin Bureau

One Ethereum Competitor Is Primed for an Explosive Rally, According to Coin Bureau

by admin
April 22, 2022
0

A preferred crypto analyst says the value of Ethereum challenger Close to Protocol (NEAR) is able to rally as...

In Georgia, crypto is a crucial tool for refugees escaping the war – Cointelegraph Magazine

by admin
April 20, 2022
0

I arrived in Tbilisi, Georgia, close to Russia’s southern border, in late February — just some days after Russian...

An open invitation for women to join the Web3 movement

An open invitation for women to join the Web3 movement

by admin
April 18, 2022
0

There’s no denying the present narrative about Web3: it’s a boys membership. And, if we hold affirming this narrative,...

Load More
  • Trending
  • Comments
  • Latest
Bitcoin Falls as Much as 30% as Investors Sour on Cryptocurrencies

Bitcoin Falls as Much as 30% as Investors Sour on Cryptocurrencies

May 19, 2021
This CryptoPunk NFT Just Sold For $1 Million in ETH

This CryptoPunk NFT Just Sold For $1 Million in ETH

November 16, 2021
Bitcoin, Ethereum and Dogecoin prices today February 24, 2022

Bitcoin, Ethereum and Dogecoin prices today February 24, 2022

February 25, 2022
Crypto and NFT Investments Are Surging: Heed These Four Tips Before You Invest

Crypto and NFT Investments Are Surging: Heed These Four Tips Before You Invest

March 15, 2022
Dogecoin: Is SHIB coin a ‘Doge killer’ cryptocurrency?

Dogecoin: Is SHIB coin a ‘Doge killer’ cryptocurrency?

0
New cryptocurrency Internet Computer hit billions in value after debut

New cryptocurrency Internet Computer hit billions in value after debut

0
Brex Credit Cards Offer Cryptocurrency Rewards for Business Owners

Brex Credit Cards Offer Cryptocurrency Rewards for Business Owners

0
A closer look at cryptocurrency as an area business embraces the growing popularity

A closer look at cryptocurrency as an area business embraces the growing popularity

0
Cryptocurrency Ethereum Classic Falls More Than 3% In 24 hours

Cryptocurrency Ethereum Classic Falls More Than 3% In 24 hours

April 25, 2022
New to Crypto? Here’s What You Need to Know — 2022 Guide | by Col Jung | Apr, 2022

New to Crypto? Here’s What You Need to Know — 2022 Guide | by Col Jung | Apr, 2022

April 25, 2022

6 Questions for Lili Zhao of Neo – Cointelegraph Magazine

April 24, 2022
US Lawmakers Call for More Oversight of Cryptocurrency’s Environmental Impacts – Bitcoin News

US Lawmakers Call for More Oversight of Cryptocurrency’s Environmental Impacts – Bitcoin News

April 24, 2022

Recent News

Cryptocurrency Ethereum Classic Falls More Than 3% In 24 hours

Cryptocurrency Ethereum Classic Falls More Than 3% In 24 hours

April 25, 2022
New to Crypto? Here’s What You Need to Know — 2022 Guide | by Col Jung | Apr, 2022

New to Crypto? Here’s What You Need to Know — 2022 Guide | by Col Jung | Apr, 2022

April 25, 2022

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Education
  • Ethereum
  • ICO
  • Metaverse
  • NFT

Follow Us

Find Via Tags

Analysis Bitcoin Blockchain BNB BTC Business buy coin Cointelegraph Crypto Cryptocurrencies Cryptocurrency Digital Doge Dogecoin DOT ETH Ethereum Exchange finance Inu investors Launch Launches Litecoin Magazine Market metaverse Million Mining News NFT NFTs Price Rally Shiba Solana Stocks technology TODAY token Tokens Top Trading XRP
  • About Us
  • Privacy & Policy
  • Contact Us

© 2021 CRYPTO EDUCATIO All Rights Reserved

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Blockchain
  • ICO
  • NFT
  • Ethereum
  • Dogecoin
  • Metaverse
  • SHOP

© 2021 CRYPTO EDUCATIO All Rights Reserved