LONDON, UK, August 4, 2022 (GLOBE NEWSWIRE) — Online Blockchain plc, Administrator, Coordinator and Advisor of the Umbria Network (https://umbria.network/) announced today the latest mile of crossing the platform. Announce the stone. chain asset bridge.
Umbria’s Narni Bridge, which facilitates cheap and fast transfers of crypto assets between different blockchains, has added optimism to its portfolio: https://bridge.umbria.network/bridge/ethereum-optimism/eth Scaling solutions using optimistic rollups have gained significant popularity within the DeFi space, currently holding a total value locked (TVL) of $1.2 billion.1Narni Bridge has made it possible for users to join this popular network cheaply and quickly. In tests, Narni gave the following results compared to the official Optimism Bridge.
Optimistic Bridge – Cost: $0.52 Speed: 5 minutes
Umbria Narni Bridge – Cost: $0.32 Speed: 2.5 minutes
Narni multi-chain bridge enables bi-directional transfer of tokens between Ethereum and Polygon, Avalanche, Fantom, Binance Smart Chain (BNB), Arbitrum and Optimism networks.
Another great benefit of this project is that it has been added to both the Arbitrum and Fantom ecosystems. These two protocols are huge in the field and boast significant TVLs. Umbria’s listing on the Arbitrum One Portal can be viewed by clicking on the ‘Bridge’ here: https://portal.arbitrum.one/ On the Fantom Foundation website https://fantom.foundation/ home page. Umbria recently announced that it has been accepted into the Polygon Ecosystem DAO’s accelerator program “Polygon Village”. This is an initiative designed to help developers grow their projects. Click here for details.
The Umbrian development team has also completed building a new infrastructure to make the Narni Bridge Oracle system more modular. The Oracle system eliminates unnecessary on-chain operations that can be processed off-chain, dramatically speeding up cross-chain transactions. This update generalizes the underlying core system of the oracle so that the code required by each blockchain oracle can be more easily abstracted, thus reducing complexity and allowing blockchains to be added to the platform in the future. increase efficiency when
Clem Chambers, CEO of online blockchain plc, said: “Umbria plans to add more chains in the future according to its roadmap.By reducing the complexity and cost of bridging, the project will help new audiences discover opportunities existing in alternative networks. We look forward to assisting you.”
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See the latest UMBR data on CoinMarketCap and CoinGecko.
https://coinmarketcap.com/currencies/umbria-network/news/
https://www.coingecko.com/en/coins/umbria-network
About Umbria Network
Cheapest and fastest cross-chain bridge
https://umbria.network/
https://bridge.umbria.network/
https://bridge.umbria.network/staking-pool/
Operating within the DeFi and NFT space, the Umbria Network enables everyone to cheaply and quickly move cryptocurrency assets across the chain.
Umbria’s Narni cross-chain liquidity bridge solves the problem of blockchain interoperability by removing the difficulty and expense of moving assets between blockchains, allowing Ethereum mainnet and Polygon, Binance Smart Chan, The fastest and cheapest cross-chain bridge between Avalanche, Phantom and Arbitrum. Narni removes the barriers to entry for engaging with DeFi applications and NFTs, making them accessible to a wider audience.
Additionally, bridge liquidity providers can earn commissions on cryptocurrencies without temporary losses.
Built on Polygon, the Umbria ecosystem has three main protocols:
- Cross-Chain Asset Bridges: Enable fast and inexpensive asset transfers between incompatible blockchain and cryptocurrency networks.
- Staking Pool: Users can earn interest on crypto assets by providing liquidity to the Narni Bridge.
- Decentralized Exchange (DEX): An automated liquidity protocol with a constant product formula, deployed using smart contracts and managed entirely on-chain.Offers fast and cheap token exchange
UK-listed Online Blockchain plc (LSE: OBC) is acting as Coordinator, Administrator and Advisor for the State of Umbria. This provides a level of transparency that is rare in the DeFi space.
For media inquiries, please contact Francesca De Franco – francesca@onlineblockchain.io.
1 https://l2beat.com/ – As of August 1, 2022
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