RNS progress update - Narni Bridge4 Aug 2022 09:59
From LSE News (extract)
"RNS Number : 8475U
Online Blockchain PLC
04 August 2022
News Release
August 4th, 2022
Umbria Network joins Arbitrum and Fantom ecosystems and adds Optimism bridge
- expanding Web3 presence with development and collaborations -
Online Blockchain plc, administrator, co-ordinator and adviser to Umbria Network - https://umbria.network/ -, today announces the latest milestones for the platform's cross-chain asset bridge.
Umbria's Narni bridge, which facilitates the cheap and fast transfer of crypto assets between different blockchains, has added Optimism to its portfolio of bridges: https://bridge.umbria.network/bridge/ethereum-optimism/eth Optimism, a Layer 2 Ethereum scaling solution that uses Optimistic rollups, has seen significant uptake within the DeFi space and currently has $1.20?billion Total Value Locked (TVL)[1]. Using the Narni bridge, users can now onboard to this popular network cheaply and quickly. In testing, Narni produced the following results in comparison to the official Optimism bridge.
Optimism bridge - cost: $0.52 speed: 5 minutes
Umbria Narni Bridge - cost: $0.32 speed: 2.5 minutes
The Narni multichain bridge now enables bi-directional transfer of tokens between the Ethereum and Polygon, Avalanche, Fantom, Binance Smart Chain (BNB), Arbitrum and Optimism networks. ..."
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