Rebecca Rose and Peter Kacherginsky, two pioneers of Coinbase’s cryptocurrency exchange in the United States, shared how they are using the Ethereum blockchain to become legally consistent.
On April 3, Rose tweeted a message that the couple tied the knot with words physically and virtually on March 14.
In addition to the traditional Jewish wedding, Kacherginsky signed an Ethereum smart contract called Tabaat, which issued NFT “rings” in the form of TBT tokens for the couple’s wallets. Writers in Hebrew means ring.
On March 10, Kacherginsky created a 2,218-line smart contract, the construction cost of which was 0.25 ETH, which was estimated at about $ 450 at the time. An hour after the contract was created, three more Tabaat transactions were sent with an additional cost of 0.0048 ETH or $ 87, which means that coding a prenuptial contract costs around $ 537.
The ceremony itself consisted of two agreements – the transfer of the NTT “rings” from the decade to Rose and Kacherginsky. In total, the party took 4 minutes to verify on the Ethereum network, and $ 50 was spent on mining.
On the other hand, the average cost of an actual marriage in the United States is around $ 25,000.
NFT is an animation of two circles that merge into one, designed by the artist Karl Johan Hazelroth. Rose said on Twitter:
“Blockchain, unlike material things, is eternal. It cannot be stopped, it is impossible to look at it, and permission is not required. Just like love should be. What could be more romantic than that. ”
This is not the first blockchain-based marriage since DLT was first used for the knot in October 2014. At the wedding, David Mondrus and Joyce Bajo formalized the marriage by scanning a QR code during a ceremony held during a special Bitcoin conference at Disney. Peace in Orlando, Florida.