// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> Terabethia cross-chain protocol bridges Internet Computer and Ethereum – CoinsMegaNews

Terabethia cross-chain protocol bridges Internet Computer and Ethereum

4 years ago CryptoExpert

[ad_1]

On Wednesday, Psychedelic, a Web 3.0 development studio building solutions for the Internet Computer, launched Terabethia, a cross-chain contract communication and asset mirroring protocol. Beginning with the Internet Computer and Ethereum, users will have the ability to mirror and use any Ethereum tokens, fungible and nonfungible, on the Internet Computer blockchain and vice versa, effectively turning the Internet Computer into a layer-two scaling solution for Ethereum.

The protocol attempts to tackle the problem of Ethereum network congestion and high gas fees. The Internet Computer, meanwhile, uses a “reverse gas model” where developers supply the funds needed to run the applications or contracts that use their gas, known as “cycles.”

When asked about the technological capacities of the Internet Computer network, Dominic Williams, founder and chief scientist of Internet Computer developer Dfinity, told Cointelegraph:

“The Internet Computer is pretty fast. For example, while Solana is the closest competitor in terms of speed, the IC is approximately 700% faster, boasting 250-millisecond reads and 2 second writes/updates.

According to Williams, the Internet Computer is “far more effective at storing data than most other chains.” Whereas Ethereum currently costs $199 million to store a gigabyte worth of data annually, the same amount of storage costs just $5.52 per year on the Internet Computer. “This allows for decentralized apps that actually run at web speed, with unbounded capacity” in terms of data or cost, he said.

Williams further added that “the unbounded capacity also means that NFTs can be stored entirely on-chain.” He claimed that the Internet Computer is the only blockchain to store nonfungible tokens completely on-chain “and the only one to enable zero-fee transactions.” He further added that “NFT metadata is regularly stored “off-chain” typically due to the cost of data and the inability of many blockchains to scale.”

Related: Smart contracts are coming to Bitcoin through Dfinity’s Internet Computer

Last month, the total value locked on layer-two solutions on Ethereum reached an all-time high of $5.64 billion. Crypto enthusiasts have been migrating to such networks to escape soaring gas prices. While the upcoming Ethereum 2.0 upgrade may transition its consensus mechanism from proof-of-stake to proof-of-work, it does not solve the core problem of low transaction speeds, which currently only amounts to 30 transactions per second.

[ad_2]

Source link

More Stories

Coinbase, A16z-Backed Web3 Ad Network Everyworld to Begin Community Airdrop

Coinbase, A16z-Backed Web3 Ad Network Everyworld to Begin Community Airdrop

1 year ago CryptoExpert
Dfinity Foundation Launches Onchain Accelerator Platform

Dfinity Foundation Launches Onchain Accelerator Platform

1 year ago CryptoExpert
Circle Unveils Smart Contract Service for Blackrock BUIDL Holders to Convert to USDC

Circle Unveils Smart Contract Service for Blackrock BUIDL Holders to Convert to USDC

1 year ago CryptoExpert
Stepn Rewards Move-to-Earn Users With $30 Million in FSL Points Airdrop

Stepn Rewards Move-to-Earn Users With $30 Million in FSL Points Airdrop

1 year ago CryptoExpert
Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project

Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project

1 year ago CryptoExpert
Chinese Government Launches ‘Ultra-Large Scale Blockchain Infrastructure Platform’

Chinese Government Launches ‘Ultra-Large Scale Blockchain Infrastructure Platform’

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Ideal Neteller Gambling Enterprises: A Comprehensive Overview

1 day ago xtw18387208b

No Account Casino Site: The Future of Online Betting

1 day ago xtw18387208b

Free Slots No Download And Install: The Ultimate Overview

1 day ago xtw18387208b

The Increase of Online Port Gamings: A Comprehensive Guide

1 day ago xtw18387208b