Umbria Network is a leader in blockchain interoperability
LONDON, Nov. 22, 2023 (GLOBE NEWSWIRE) — Google search data compiled by Online Blockchain plc (LSE:OBC) highlights a surge in interest in transferring cryptocurrencies to other blockchains since early October.
As crypto enthusiasts actively seek cheap and fast methods to “bridge” assets across different blockchains, specific search terms pertaining to specific networks and assets have dominated Google searches and Umbria Network (https://umbria.network /) marked as the leading solution.
The following are the most popular searches:
1. BSC to ETH Bridge
2. Bridge BSC to ETH
3. Polygon bridge
4. BNB to ETH Bridge
5. Bridge BNB with ETH
6. Matic Bridge
7. ETH to BSC
8. BSC Bridge
9. ETH to BSC bridge
10. BSC ETH Bridge
One notable trend is interest in a bridge between BNB Smart Chain (BSC) – formerly Binance Smart Chain – and Ethereum (ETH). Crypto users are constantly looking for reliable solutions to enable the smooth transfer of assets between these two major blockchain networks. Additionally, search interest in Polygon and Matic bridges highlights their desire for scalability and low-cost transactions. As the crypto community continues to grow and diversify, demand for blockchain networks beyond Ethereum has increased. This shift highlights the growing importance of interoperability solutions – bridges – as users look to interact efficiently and cost-effectively across a spectrum of blockchain ecosystems.
Narni uses a novel liquidity provision protocol to significantly reduce the cost of transferring funds between chains compared to traditional validator-driven mint/burn, lock/unlock bridges. It also offers a notable improvement in speed to finality in cross-chain asset bridging. Plus there is no slip. The bridge’s cost-effectiveness and speed, as well as its simple user interface, improve the user experience and lower the barrier to entry for using DeFi applications, making them much more accessible to a wider audience. Umbria’a Narni Bridge uses crowdsourced liquidity to facilitate the bridging of cryptocurrency assets across chains and generates fee-based rewards for liquidity providers to incentivize their liquidity provision. Online Blockchain acts as a consultant, administrator and coordinator for the project.
“Umbria Network’s Narni Bridge is emerging as a key player in this space, tackling blockchain interoperability challenges head-on and attracting attention through its fast and low-cost cross-chain transactions,” said Clem Chambers, CEO of Online Blockchain plc. “We believe that with this bridge we are in an excellent position to contribute to the overall growth and maturation of the cryptocurrency ecosystem.”
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About Umbria Network
The Umbria Network Narni Bridge is a capital-efficient multi-chain asset bridge that enables low-cost and fast bi-directional bridging of crypto assets between the Ethereum mainnet and a range of EVM-compatible blockchains (Polygon, Avalanche, Arbitrum, Binance Chain). and optimism).
It uses a novel liquidity provision protocol that significantly reduces the cost of transferring funds between chains compared to traditional validator-driven mint/burn, lock/unlock bridges. It also offers a notable improvement in speed to finality. The bridge facilitates cross-chain asset migration by simultaneously holding multiple assets on multiple chains in liquidity pools.
The Narni Bridge generates fee-based rewards for liquidity providers as an incentive for providing liquidity. There is no lock-in period (assets can be withdrawn at any time) and no temporary loss.
Umbria Network has been named Cryptocurrency Platform Provider of the Year at the MoneyAge Awards 2023 – https://moneyage.co.uk/awards/winners23.php
About Online Blockchain Plc
Online Blockchain PLC (LSE: OBC) is a UK-based incubator driving cutting-edge research and development in internet and information-based technologies for the next generation of customers. Founded in 1996, OBC continues to be at the forefront of Internet development by producing successful online games and creating ADVFN, the leading global financial news platform for retail investors, listed on the London Stock Exchange. Led by a visionary team with over two decades of groundbreaking technology experience, Online Blockchain focuses on technical innovations in the blockchain and AI space. The company’s notable achievements include the creation of Umbria Network, a widely recognized cross-chain bridge for digital assets.
For more information, visit: https://www.onlineblockchain.io
CONTACT: Francesca De Franco PR Consultant Online Blockchain plc 07941253135 Francesca at onlineblockchain.io 
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