قالب وردپرس درنا توس
Home / Technology / Couples get married on Ethereum blockchain for $ 587 in transaction fees

Couples get married on Ethereum blockchain for $ 587 in transaction fees



Rebecca Rose and Peter Kacherginsky, employees of leading US-based cryptocurrency exchange Coinbase, have revealed how they used Ethereum’s blockchain to get legally married.

On April 3, Rose posted on Twitter to announce that the couple had tied the knot on March 14 in both the physical and virtual words.

In addition to a traditional Jewish wedding ceremony, Kacherginsky signed an Ethereum smart contract called Tabaat that issued tokenized “caller” NFTs in the form of TBT tokens to the couple’s wallets. Tabaat is the Hebrew word for ring.

Kacherginsky created the 2,218-line smart contract on March 10, with the contract costing 0.25 ETH to create – worth about $ 450 at the time. One hour after the contract was created, three more transactions were sent from Tabaat at an additional cost of 0.0048 ETH or $ 87 – suggesting that it costs around $ 537 to symbolize a marriage contract.

The ceremony itself consisted of two transactions – the transfer of the NFT rings from the contract to Rose and Kacherginsky. In total, the ceremony took 4 minutes to be validated by the Ethereum network, and incurred $ 50 in mining.

In contrast, the average physical wedding in the United States costs about $ 25,000.

The NFTs show an animation of two circles that merge and become one, and were illustrated by the artist Carl Johan Hasselrot. On Twitter, Rose said:

“Blockchain, unlike physical objects, is forever. It is unstoppable, impossible to censor and requires no permission. Just as love should be. What could possibly be more romantic than that. ”

This is not the first blockchain-based marriage, with DLT first used to tie the knot back in October 2014. The wedding saw David Mondrus and Joyce Bayo formalize the marriage by scanning a QR code during a ceremony held during a private Bitcoin Conference at Disney World in Orlando, Florida.