This Couple Chose To Cryptotize Their Wedding On Blockchain! - Kakiforex | Forex markets for the smart money. This Couple Chose To Cryptotize Their Wedding On Blockchain! This Couple Chose To Cryptotize Their Wedding On Blockchain!

April 5, 2021

This Couple Chose To Cryptotize Their Wedding On Blockchain!

 The California couple and also the staff of crypto exchange firm, Coinbase known as Rebecca Rose and Peter Kacherginsky have tied the relationship as husband and wife using the Ethereum blockchain.


Based on the revelation uploaded on April 3 via Twitter, the couple has decided to get married on March 14 last in the virtual world as well as the real world.


They exchanged rings that had been digitized as non-fungible tokens (NFT) using Ethereum’s smart contract, known as Tabaat (TBT). The NFT ring exists as an animation of two circles joined into one.



Kacherginsky developed the smart contract on March 10 at a cost of just 0.25 ETH (estimated value at the time was $ 450). An hour after the contract was made, three more transactions were sent from Tabaat at an additional cost of 0.0048 ETH ($ 87), bringing the total amount to sign the marriage contract to around $ 537.


The ceremony involved two transactions. First, the transfer of the NFT ring from the contract to Rose and Kacherginsky. It takes 4 minutes to be verified by the Ethereum network and costs for the miner, $ 50.


In contrast to a real -world wedding for the United States (US) it costs around $ 25,000 (RM 103,560).


If you want to know, this is not the first marriage done on the blockchain. The first time the crypto sector saw a marriage on the blockchain was in 2014, involving couple David Mondrus and Joyce Bayo. The couple got married by scanning a QR code in a ceremony held in a closed Bitcoin conference at Disney World in Orlando, Florida.