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Home / Technology / A couple get married on the Ethereum blockchain for a transaction fee of $587

A couple get married on the Ethereum blockchain for a transaction fee of $587



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

On April 3, Rose posted a message on Twitter, announcing that the two would tie with physical and virtual words on March 14.

In addition to traditional Jewish weddings, Kacherginsky also wrote an Ethereum smart contract called Tabaat, which issued a tokenized “ring”

; NFT to couples’ wallets in the form of TBT tokens. Tabaat is a ring word in Hebrew.

Kacherginsky created a smart contract of 2,218 presidents on March 10th. The cost of creating the contract was 0.25 ETH, which was worth about $450 at the time. One hour after the contract was created, Tabat sent three more transactions with an additional fee of 0.0048 ETH or $87, which indicated that the cost of a tokenized marriage contract was approximately $537.

The ceremony itself included two transactions-the transfer of the NFT “ring” from the contract to Rose and Kacherginsky. The entire ceremony took a total of 4 minutes to be verified by the Ethereum network and incurred a $50 miner fee.

In contrast, in the United States, the average cost of each physical wedding is approximately US$25,000.

NFT depicts two animations that merge into a circle and is illustrated by artist Carl Johan Hasselrot. Rose said on Twitter:

“Unlike physical objects, the blockchain is forever. It is unstoppable, it is impossible to censor it, and it does not require anyone’s permission. Just like love. There is something more romantic than this.”

This is not the first blockchain-based marriage. In October 2014, DLT was used for the first marriage. At the wedding, David Mondrus and Joyce Bayo formalized the marriage by scanning a QR code at a ceremony held at Disney’s private Bitcoin meeting in Orlando, Florida City of the world.