So you’ve already mastered how to bridge your assets over to Electroneum — easy wasn’t it? You’ll now know how fast and cheap Umbria’s Narni bridge is for sending USDT, USDC and ETN between the Ethereum Mainnet and Electroneum.

How to bridge crypto assets from Electroneum to Ethereum

The following is a step-by-step guide on how to bridge from Electroneum back to Ethereum (spoiler alert: it’s just as quick, easy and cheap). Here goes…

Step 1

Go to: https://bridge.umbria.network/bridge/electroneum-ethereum

Step 2 (using MetaMask)

Ensure your MetaMask is connected to the Electroneum Mainnet. Check that you are connected by looking at the network indicator at the top of the page. If Electroneum Mainnet is displayed you’re good and can move to Step 3.

If MetaMask’s configured to connect to another network the Switch to the Correct Network button will be displayed. You can then select the correct network from within your MetaMask.

Step 3

Make sure the network selections are from Electroneum to the Ethereum network as below.

Then choose the asset you want to bridge from the dropdown.

Step 4

Specify the amount of USDT, USDC or ETN you want to bridge to the Electroneum network in the input box as shown below. In this example we’re bridging 10 USDC.

Step 5

If you are using MetaMask, click the Send (Metamask) button. If you are using a different wallet press the Get Bridge Address button to get the bridge address.

Click the SEND button and confirm the transaction in your MetaMask.

The transaction is complete when you see two purple ticks.

🎉 Congratulations, you’ve just bridged from Electroneum to Ethereum!

Umbria’s Narni bridge is the cheap and fast cross-chain bridge for sending USDT, USDC and ETN (Electroneum’s native token) between the Ethereum Mainnet and Electroneum.

How to bridge USDT, USDC and ETN from Ethereum to Electroneum with Umbria Network’s Narni Bridge

You can quickly, cheaply and easily bridge your USDT, USDC and ETN from the Ethereum Mainnet to the Electroneum network (and vice versa) using Umbria’s Narni bridge. You will need to have the Electroneum network added to your MetaMask before you proceed. Check out how to do this here.

You can also chek out the video below, which explains how to bridge between Ethereum and Electroneum.

Step 1

Go to: https://bridge.umbria.network/bridge/ethereum-electroneum

The following are direct links for bridging specific assets to Electroneum

Go to: https://bridge.umbria.network/bridge/ethereum-electroneum/usdc to bridge USDC from Ethereum to Electroneum

Go to: https://bridge.umbria.network/bridge/ethereum-electroneum/usdt to bridge USDT from Ethereum to Electroneum

Go to: https://bridge.umbria.network/bridge/ethereum-electroneum/etn to bridge ETN from Ethereum to Electroneum

Step 2 (using MetaMask)

Ensure your MetaMask is connected to the Ethereum Mainnet. Check that you are connected by looking at the network indicator at the top of the page. If Ethereum Mainnet is displayed you’re good and can move to Step 3.

If MetaMask’s configured to connect to another network the Switch to the Correct Network button will be displayed. Click it to connect to the Ethereum Mainnet.

Step 3

Make sure the network selections are from Ethereum Mainnet to the Electroneum network as below.

Then choose the asset you want to bridge from the dropdown.

Step 4

Specify the amount of USDT, USDC or ETN you want to bridge to the Electroneum network in the input box as shown below. In this example we’re bridging 10 USDC.

Step 5

If you are using MetaMask, click the Send (Metamask) button. If you are using a different wallet press the Get Bridge Address button to get the bridge address.

Click the SEND button and confirm the transaction in your MetaMask.

The transaction is complete when you see two purple ticks.

🎉 Congratulations, you’ve just bridged to Electroneum!

Need to add the Electroneum network to your MetaMask?

1. In your MetaMask wallet click on the network selector button in the top left hand corner. Here you’ll see a list of networks that you’ve already added.

2. Click ‘Add network’

3. The below screen will open. Click the ‘Add a network manually’ link

4. Complete the fields below with the following information:

Network Name: Electroneum
New RPC URL: https://rpc.ankr.com/electroneum
ChainID: 52014
Currency symbol: ETN

5. Click ‘Save’

If you have any questions about bridging using Umbria’s Narni bridge, please head to our customer support on Discord.

In need of a bridge for your chain? Contact: fran@umbria.network

As a little experiment, we asked ChatGPT to write 600 words on three lesser-known cryptos, which had 10X Potential by 2025. This is the warts-and-all version of what it came up with (we added the charts).

ChatGPT still references Elrond, which rebranded to MultiversX in November 2022. Are its suggestions and rationale similarly obsolete?

Here goes…

Three lesser-known cryptos with 10X Potential by 2025?

The cryptocurrency market is teeming with opportunities beyond the well-known giants like Bitcoin and Ethereum. As investors seek to diversify their portfolios, lesser-known cryptocurrencies with strong fundamentals and innovative use cases are gaining attention. Here are three such cryptocurrencies with the potential to deliver 10X returns by 2025.

1. Algorand (ALGO)

Algorand is a blockchain platform that aims to create a borderless economy using its decentralized, scalable, and secure infrastructure. Founded by Turing Award-winning cryptographer Silvio Micali, Algorand addresses the “blockchain trilemma” by providing a solution that ensures security, scalability, and decentralization.

Key Features and Potential:

• Pure Proof-of-Stake (PPoS): Algorand uses a Pure Proof-of-Stake consensus mechanism, which ensures that the network is both secure and energy-efficient. Unlike Proof-of-Work, PPoS requires significantly less computational power, making it environmentally friendly.
• High Throughput and Low Latency: Algorand’s blockchain can handle thousands of transactions per second with a latency of less than five seconds. This high throughput makes it suitable for a wide range of applications, from financial services to gaming.
• Strong Partnerships: Algorand has formed strategic partnerships with various organizations, including central banks and financial institutions, to drive the adoption of its blockchain technology. For example, the Marshall Islands chose Algorand to develop its national digital currency.
• Developer-Friendly: Algorand offers comprehensive tools and resources for developers, encouraging innovation and the creation of decentralized applications (dApps) on its platform.

Given its robust technology and strategic partnerships, Algorand is well-positioned to see significant growth. As more projects and institutions adopt its blockchain, the demand for ALGO tokens is likely to increase, potentially leading to substantial price appreciation.

2. Elrond (EGLD)

Elrond (NB now MultiversX) is a high-performance blockchain platform designed for speed, security, and scalability. It introduces several novel features that set it apart from other blockchain networks, aiming to become the backbone of a decentralized internet economy.

Key Features and Potential:

• Adaptive State Sharding: Elrond utilizes a unique Adaptive State Sharding mechanism that splits the network into smaller pieces, or shards, to process transactions and smart contracts in parallel. This significantly increases throughput, enabling the network to handle up to 15,000 transactions per second.
• Secure Proof-of-Stake (SPoS): Elrond’s consensus mechanism, Secure Proof-of-Stake, combines Proof-of-Stake with random validator selection, ensuring both security and efficiency.
• Myar Exchange and Maiar Wallet: Elrond’s ecosystem includes the Maiar Exchange, a decentralized exchange (DEX), and the Maiar Wallet, a user-friendly mobile wallet. These products aim to provide seamless access to DeFi services and digital asset management.
• Interoperability and DeFi Integration: Elrond focuses on interoperability, allowing seamless integration with other blockchains and DeFi protocols. This positions Elrond as a versatile platform for various decentralized applications.

With its cutting-edge technology and focus on usability and interoperability, Elrond has the potential to capture a significant share of the blockchain market. As more users and developers adopt the platform, the value of EGLD tokens could see exponential growth.

3. Zilliqa (ZIL)

Zilliqa is a blockchain platform known for its pioneering work in implementing sharding technology to achieve high scalability. It aims to provide a secure and efficient platform for decentralized applications and enterprise solutions.

Key Features and Potential:

• Sharding Technology: Zilliqa was the first blockchain to implement sharding, a technology that divides the network into smaller shards, each capable of processing transactions independently. This allows Zilliqa to achieve high throughput, processing thousands of transactions per second.
• Scilla Smart Contract Language: Zilliqa introduces Scilla, a smart contract language designed for safety and efficiency. Scilla aims to address common security issues in smart contracts, making it an attractive choice for developers.
• Strong Use Cases and Partnerships: Zilliqa has formed partnerships with various enterprises and organizations to drive real-world adoption. Its blockchain is used in industries such as digital advertising, financial services, and gaming.
• Eco-Friendly Consensus: Zilliqa uses a hybrid consensus mechanism that combines Proof-of-Work for initial shard assignment with Practical Byzantine Fault Tolerance (pBFT) for consensus within shards. This approach balances security and energy efficiency.

With its focus on scalability and security, Zilliqa is well-positioned to support a wide range of applications. As the demand for scalable blockchain solutions grows, ZIL tokens could experience significant appreciation.

Conclusion

Algorand, Elrond, and Zilliqa represent promising opportunities in the cryptocurrency space. Each offers unique technological advancements and strong fundamentals that could drive substantial growth. As the blockchain ecosystem evolves, these lesser-known cryptocurrencies have the potential to deliver 10X returns by 2025, making them worthy of consideration for forward-thinking investors.

Disclaimer

The information provided in this article is for informational purposes only and does not constitute financial, investment, or other professional advice. Investing in cryptocurrencies involves a high degree of risk and volatility, including the potential loss of your entire investment. The value of cryptocurrencies can fluctuate widely in a short period due to various factors such as market demand, regulatory changes, and technological advancements.

Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. The author and publisher of this article are not responsible for any financial losses or damages incurred as a result of investing in the cryptocurrencies mentioned.

Additionally, the mention of specific cryptocurrencies (Algorand, Elrond/MultiversX and Zilliqa) should not be interpreted as an endorsement or recommendation. This article does not guarantee any future performance or potential returns of the cryptocurrencies discussed.

The Bitcoin halving event occurs roughly every four years and estimates now have it scheduled for Monday, April 15th (sooner than previously anticipated due to increased activity).

The halving is a fundamental mechanism ingrained in the cryptocurrency’s protocol. It is a pivotal moment that reduces the reward miners receive for validating transactions by — you guessed it — half. The reduction in the rate of new Bitcoin issuance serves as a built-in scarcity feature, which in turn influences the crypto’s value dynamics. While the direct impact of halving is primarily felt within the Bitcoin ecosystem, its strong ripple effects extend far beyond, influencing the broader crypto landscape.

Bitcoin’s Halving Dynamics

Bitcoin’s design is inherently deflationary, with a maximum supply capped at 21 million coins. At time of writing there are 1,339,712.5 BTC left to be mined.

Real-time Bitcoin Tracker

How Many Bitcoin Are There? How Much Supply Left to Mine?

The halving mechanism ensures a gradual reduction in the rate of new supply entering circulation. As the supply diminishes, basic economic principles dictate that if demand remains constant or increases, the price is likely to rise. This scarcity-driven appreciation often attracts investors seeking to hedge against inflation or store value.

Impact on Altcoins

The significance of Bitcoin’s halving extends beyond its native ecosystem. It affects the entire cryptocurrency market. Altcoins, aka alternative cryptocurrencies, often experience price fluctuations in response to Bitcoin’s movements. The reasoning behind this positive correlation lies in the interconnectedness of cryptocurrency markets and Bitcoin’s position as the market leader and benchmark. It is the digital gold to Ethereum’s silver.

On a side note both the ‘number twos’ (Ethereum and silver) are the racier of the pairs and usually go up faster and further and conversely come down quicker and deeper than their golden counterparts (read more here).

During the lead-up to a halving event, heightened anticipation and speculation surrounds Bitcoin, leading to increased market activity and investor attention. As Bitcoin’s price experiences volatility, it sets a precedent for altcoins, influencing trader sentiment and market trends. Consequently, altcoins may also witness price fluctuations, albeit to varying degrees. People often look to diversify their crypto portfolios and/or gain exposure in the run up with a crypto asset that has more potential upside.

Market Sentiment and Confidence

Bitcoin halving events serve as litmus tests for the broader cryptocurrency market’s sentiment and confidence. A successful halving, characterized by a smooth transition and sustained price appreciation, instills confidence among investors, reinforcing the narrative of Bitcoin’s resilience and longevity. This positive sentiment often translates into increased interest and investment across the cryptocurrency spectrum, buoying the prices of altcoins as well.

However, any uncertainty or turbulence surrounding a halving event can trigger market jitters and volatility. Fears of miner capitulation, where miners operating at the margin are forced to exit due to decreased profitability, may lead to short-term selling pressure. Such scenarios can cast a shadow of doubt on the viability of cryptocurrency investments, dampening investor enthusiasm and affecting altcoin prices negatively.

Technological Innovation and Competition

Bitcoin’s halving events not only impact market dynamics but also catalyse technological innovation and competition within the cryptocurrency space. In response to Bitcoin’s scalability and energy consumption challenges, alternative blockchain projects and cryptocurrencies have emerged, offering innovative solutions and features.

Altcoins often differentiate themselves through unique value propositions, such as faster transaction speeds, enhanced privacy features, or smart contract functionalities. Consequently, Bitcoin’s halving events serve as catalysts for altcoin developers and communities to showcase their projects’ capabilities and compete for market share. This competitive landscape fosters a culture of innovation and drives advancements in blockchain technology, benefiting the entire cryptocurrency ecosystem.

Fast, cheap bridging between Ethereum, Polygon, Arbitrum, Binance Smart Chain, Avalanche, Optimism

What might we expect from 2024’s halving?

Recent observations from cryptocurrency market commentators provide additional context to the dynamics surrounding Bitcoin’s halving events. Clem Chambers highlights that the nascent nature of cryptocurrency markets means that they are not perfectly random so technical analysis can be useful. With this in mind, projections based on past performance (the previous three Bitcoin halving events have been bullish drivers and BTC’s price has remained significantly up 150 days following each), suggest Bitcoin could be propelled to $120,000 following the 2024 halving.

Whilst Forbes Advisor recently reported that Geoff Kendrick, head of crypto research at Standard Chartered Bank, believes Bitcoin’s price is set to hit $100,000 by the end of this year.

While these projections offer potential roadmaps for investors and holders, they are not guarantees of future performance. Nonetheless, the anticipation surrounding the halving event often leads to increased market activity and price volatility. Indeed Bitcoin reached an all-time high price of $73,794 on March 14, 2024.

Interested in exploring partnership opportunities with Umbria Network? Contact: Francesca De Franco — fran@umbria.network

The Umbria Narni Bridge uses a novel liquidity-provision protocol to speed up and lower the cost of bridging cryptocurrency assets across chains facilitated by crowd-sourced liquidity. Those staking assets earn fee-based rewards for their liquidity provision.

Superior cross-chain bridging AND rewards for liquidity providers

Umbria Network’s Narni bridge represents a significant advancement in cross-chain asset migration and simultaneously provides opportunities for liquidity providers to earn fees on their crypto assets.

By leveraging liquidity pools on multiple networks, the Narni Bridge overcomes the challenges of cost and speed inherent in traditional cross-chain transactions

making it an essential component in the evolving landscape of decentralised finance (DeFi).

The Narni Bridge functions as a conduit for seamless asset transfer between different blockchain networks. It operates on the principle of holding liquidity on both the originating and target networks, effectively allowing assets to be received on one network and disbursed on another to the same wallet address. This innovative approach circumvents the limitations imposed by network validators, ensuring the efficient and cost-effective movement of assets across disparate blockchain ecosystems.

READ: Umbria Network wins ‘Cryptocurrency Platform Provider of the Year’ in MoneyAge Awards 2023

Rewarding liquidity providers

One of the key features of the Narni Bridge is its ability to incentivise liquidity providers (LPs) through earning fees. Users can contribute liquidity to the bridge, thereby participating in the facilitation of cross-chain transactions, whilst earning fees on the assets they have staked.

Unlike many traditional liquidity provision models where users have to provide liquidity for multiple assets (liquidity pairs), the Narni Bridge simplifies the process by allowing users to stake a single asset. This means there is no impermanent loss. There is also no lock in period (assets can be unstaked at any time). LPs get earn in the asset they provide; ie stake ETH earn ETH.

Whenever a user bridges assets between two cryptocurrency networks using the Narni Bridge, a nominal fee of 0.2% is charged, with a portion of this fee distributed proportionally among liquidity providers of the bridged asset.

The protocol offers flexibility to liquidity providers, allowing them to unstake their assets at any time. Fees earned by liquidity providers are automatically compounded, with earnings being added to their staked liquidity every five minutes, streamlining the process of earning passive income.

Users can add their liquidity either through Umbria Network’s website or send the funds directly to the appropriate Liquidity Address. Each liquidity address represents the liquidity pools for each bridge.

• Ethereum/Polygon bridge pool: 0x18C6f86ee9f099DeFe10b4201e48B2eF53BeAbd0
• Ethereum/Binance Smart Chain bridge pool: 0x862F84A7cD54c8EDF1aFc98a7a676B1eA6A27Df5

Umbria Network’s bridge liquidity protocol represents a significant advancement in enabling seamless cross-chain asset migration while empowering liquidity providers with opportunities to earn passive income. With its innovative approach and incentive model, the Narni Bridge is poised to play a pivotal role in driving the growth and adoption of decentralised finance in the blockchain ecosystem.

Interested in exploring partnership opportunities? Contact: Francesca De Franco — fran@umbria.network

Seeking a simple way to enhance your platform’s functionality while boosting revenue? Look no further than Umbria Network’s Narni Bridge Widget.

In today’s rapidly evolving blockchain landscape, providing seamless cross-chain bridging services is of paramount importance for Web3 projects looking to stay ahead.

Introducing Your Solution — Umbria Network’s Narni Bridge Widget

The Narni Bridge Widget is a solution that enables anyone to easily incorporate blockchain bridging capabilities directly into their site or platform through a simple iframe integration.

Projects can unlock a new revenue stream and elevate their offerings by providing a superior bridging experience to their users across various networks.

The Five Key Advantages of Integrating Umbria’s Bridge Widget into Your Platform:

1. Cost-efficient bridging: Provide your community with a highly affordable bridging solution
2. Rapid transactions: Enable your users to bridge assets very quickly, enhancing their overall experience
3. Free marketing: Partner projects receive complimentary marketing support from Umbria
4. Dedicated user support: Umbria ensures human assistance for any bridge users who require help.
5. Lucrative revenue generation: Earn a significant share of revenue by integrating the bridge widget; 0.1% of all bridging volume via your widget

Maximise Revenue Potential with the Narni Bridge Widget

Any project integrating the widget earns 0.1% of all bridging volume facilitated through the widget on their platform. This reward is immediate and accrues each time anyone utilises the widget to bridge assets between networks. Earnings are in the asset used for bridging. So if someone bridges USDC from Ethereum to Polygon, payment is in USDC on the Polygon network.

To redeem earnings, simply navigate to the pool page, where your earnings are added to your staking balance. These rewards further contribute to the liquidity in the system, enhancing their earning potential over time.

Track and Monitor Your Earnings

Gain insights into your earnings through the Bridge Widget dashboard, exclusively accessible to integrated partners with a unique referrer ID. This dashboard offers comprehensive metrics to track your earnings and monitor the performance of your bridge widget.

Integrating the Bridge Widget

Integrating the bridge widget is simple, requiring only the addition of an HTML <iframe> tag to your web page. This tag can be customized to pre-select specific bridges and assets if required.

Here’s what to do:

1. Apply via the Partner Referral Form
2. Receive your unique referral code and gain access to the partner dashboard
3. Add the provided iframe to your website
4. Start earning a 0.1% fee for every transaction completed using the widget.
5. Witness your earnings grow exponentially over time.

It is really that simple. However, for those who love a bit of documentation, here it is:

Umbria Docs - Documentation for Umbria DeFi

This Narni Bridge Widget supports Polygon, Avalanche (AVAX), Binance Chain, Arbitrum and Optimism, ensuring seamless connectivity across diverse blockchain ecosystems.

For business development enquiries please contact Francesca De Franco: fran@umbria.network

Cheapest and fastest bridge to Polygon

We decided to conduct a little experiment and asked Microsoft’s Copilot to compare Umbria’s Narni bridge to the Polygon bridge for cross chain transfers. Here’s what it said…

Umbria Narni Bridge

The Umbria Narni Bridge is a cross-chain bridge that allows users to transfer tokens between different blockchains, including Polygon. It uses a novel liquidity-provision protocol to speed up and lower the cost of cross-chain bridging.

The bridge facilitates cross-chain migration of assets by holding multiple assets on multiple chains simultaneously in liquidity pools. Unlike traditional cross-chain bridges, the Umbria Narni bridge is able to facilitate cross-chain transactions by receiving assets on one chain and giving the respective asset on the destination chain.

The Umbria Narni bridge is different from other cross-chain bridges because it does not rely on validator smart contracts, which can dramatically slow the bridging process. By removing the necessity for such validation, the Umbria Narni bridge can complete cross-chain transactions with an order of magnitude cheaper fees.

The Polygon Bridge

The Polygon Bridge is used for cross-chain transactions between the Polygon (MATIC) and Ethereum (ETH) blockchains. It allows users to transfer ERC tokens and NFTs to the Polygon sidechain through smart contracts. The Polygon Bridge is designed to connect different blockchains with fast and cheap transactions so that users can easily transfer tokens back and forth.

There are two Polygon bridges: the proof-of-stake (PoS) Bridge, which is the official Matic Bridge, and the Plasma Bridge. Both bridges can be used to transfer tokens from Ethereum to Polygon and vice versa, but they are different in their approach to security methods. The PoS Bridge is the most popular and straightforward for transferring ETH and most ERC tokens. It uses the PoS consensus algorithm to secure its network. Deposits on the PoS Bridge are instantly secured, but withdrawals may take a while to confirm. A PoS Bridge withdrawal usually takes between 45 minutes and 3 hours, while the Plasma Bridge can take as long as seven days.

In conclusion

In summary, the Umbria Narni Bridge is a novel cross-chain bridge that uses a liquidity-provision protocol to speed up and lower the cost of cross-chain bridging. The Polygon Bridge is the official Matic Bridge and is designed so that users can easily transfer tokens back and forth.

Arbitrum One, an Optimistic Rollup that settles Ethereum transactions off chain, has become increasingly popular with NFT and DeFi projects due to its low transaction costs, rapidity and high security. According to L2BEAT, this Layer 2 currently has $10.5 Billion Total Value Locked (TVL).

Let’s explore nine key advantages that make the Arbitrum network a strategic choice for many developers.

Scalability

Arbitrum is designed to increase the throughput of transactions on the Ethereum network. It achieves this by processing transactions off-chain and then submitting batches of transactions to the Ethereum mainnet. This can significantly improve the scalability of decentralised applications (DApps) by reducing congestion on the Ethereum mainnet.

Rapid Confirmation Times

Boasting shorter block times and faster confirmation periods, Arbitrum ensures swift transaction processing and smart contract executions. This commitment to speed enhances the overall user experience.

Lower Transaction Costs

By aggregating transactions off-chain and submitting them in a single batch on-chain, Arbitrum significantly reduces the computational and storage overhead associated with individual transactions. As a result, Arbitrum can offer gas fees that are dramatically lower compared to Ethereum’s mainnet.

Security

Arbitrum employs a model that relies on Ethereum’s security. It benefits from Ethereum’s robust network and decentralized consensus while providing a layer 2 solution for improved performance.

Seamless Ethereum Integration

Arbitrum seamlessly integrates with the Ethereum Virtual Machine (EVM), allowing developers to effortlessly transition their Ethereum-based projects to the Arbitrum network without the need for extensive modifications.

Thriving DeFi Ecosystem

The Arbitrum ecosystem is home to a diverse array of DeFi projects, providing developers with fertile ground to innovate within the realms of decentralized exchanges, lending platforms and yield farming protocols. Similarly more and more blockchain games are choosing to build on Arbitrum; xPet.Tech and free-to-play action RPG The Beacon are prime examples.

Community Support

Developer-friendly tools and resources (they have great documentation) provided by Arbitrum simplify the process of building and deploying applications on the network. The Arbitrum developers give the community a lot of time to prepare for upcoming hard forks. The team is very supportive and offers projects valuable visibility, constructive feedback, and the potential for widespread user adoption.

Strategic Dual-Chain Approach

Some forward-thinking projects adopt a dual-chain strategy, deploying their solutions on both Arbitrum and Ethereum. This enhances flexibility and broadens their reach, catering to users across different blockchains.

Interoperable Token Standards

Arbitrum supports popular token standards such as ERC-20 and ERC-721, enabling the seamless integration of existing tokens and DApps. ARB is Arbitrum’s native token; it uses the Ethereum ERC-20 standard.

As projects explore the unique benefits of building on Arbitrum, the network continues to evolve as a dynamic and scalable solution. Bridge to Arbitrum today by visiting:

https://bridge.umbria.network/bridge/ethereum-arbitrum/eth

🤝 Learn more about Umbria’s Bridge Widget V2, which offers seamless integration into third-party platforms and opportunities for partners to earn from bridging volume. Apply to partner through the Referral Partner Form: https://referral.umbria.network/

Binance is the world’s largest cryptocurrency exchange by trading volume. According to CoinMarketCap, as of August 2022, it had a $76 billion daily trading volume and 90 million customers worldwide.

BNB Smart Chain (BSC), previously Binance Smart Chain, is a Layer 1 blockchain network developed by Binance. It is designed to support smart contracts and decentralised applications (DApps) and offer an alternative to other blockchains such as Ethereum. BSC operates alongside Binance Chain, which is a separate blockchain developed by Binance for fast and efficient transactions.

Building on BSC offers many benefits for developers and projects. Here we take a look at some of the main ones.

Low Transaction Fees

BNB Smart Chain is known for its low transaction fees compared to other blockchain networks like Ethereum. This makes it more cost-effective for users to interact with DApps and smart contracts.

Fast Confirmation Times

BSC has a shorter block time and faster confirmation times compared to Ethereum. This means transactions and smart contract executions on BSC are generally quicker, providing a more seamless user experience.

Ethereum Compatibility

BSC is compatible with the Ethereum Virtual Machine (EVM), which means developers can easily port their Ethereum-based projects to BSC without major modifications. This interoperability makes it convenient for projects to expand their user base across different blockchains.

Decentralised Finance (DeFi) Opportunities

BSC has a growing ecosystem of DeFi projects, including decentralised exchanges, lending platforms and yield farming protocols. Developers can tap into this DeFi ecosystem to build innovative financial applications.

Binance Ecosystem Integration

Projects on BSC can benefit from integration with the broader Binance ecosystem. This includes potential exposure to Binance users, collaboration opportunities and access to various tools and resources provided by Binance.

Community Support

BNB Smart Chain has gained a significant user base and developer community. This community support can be valuable for projects, providing them with visibility, feedback and potential user adoption.

Dual Chain Strategies

Some projects adopt a dual-chain strategy, deploying on both BSC and Ethereum. This allows them to cater to users on different blockchains, providing flexibility and enabling a broader audience reach.

Token Standard Compatibility

BSC supports the same token standards as Ethereum, such as ERC-20 and ERC-721. This compatibility simplifies the process of token issuance and facilitates interoperability between the two blockchains.

Potential Centralised Finance (CeFi) Integration

Given Binance’s roots as a centralised exchange, projects on BSC may find it easier to integrate with centralised financial services and platforms, potentially providing additional liquidity options.

There are plenty of reasons that projects choose to build on BSC. For very fast and cheap bridging to Binance Smart Chain go to: https://bridge.umbria.network/bridge/ethereum-bsc/eth

Umbria’s Narni bridge currently supports the bridging of ETH, USDC and USDT between Ethereum and BNB Smart Chain.

Our Bridge Widget V2 can be easily integrated into third party sites/platforms and enables partners of Umbria to earn 0.1% of all bridging volume that comes through their widget. Find out more here.

Apply to partner via the referral form

You can bridge $USDC super cheap and super fast from the Ethereum Mainnet network to Binance Smart Chain using Umbria’s Narni bridge.

Follow these simple steps (when using Metamask) to bridge your USDC:

Step 1

Go to the Umbria Narni Bridge website 👇🏻https://bridge.umbria.network/bridge/ethereum-bsc/eth

Step 2

Ensure your Metamask is connected to the Ethereum Mainnet Network. Check this by looking at the network indicator at the top of the screen. If it says Ethereum Mainnet, then you are already connected. Otherwise, unlock your Metamask wallet and connect.

If your Metamask wallet is configured for another network, the ‘Switch to the Correct Network’ button (as shown below) will be displayed. Simply click it to connect to the Ethereum Mainnet.

Step 3

Ensure the network selections are ‘Send From’ Ethereum Mainnet and ‘Receive On’ Binance Smart Chain (as above).

Step 4

Specify the amount of USDC to bridge to the Binance Smart Chain in the input box below the network selectors. If the amount is too low or too high a warning message will appear.

Step 5

Click the Send (Metamask) button.

Step 6

You can then decide how quickly you would like your USDC to reach the bridge using the transaction speed slider. The quicker the transaction, the higher the gas cost. As it’s super fast already, we’d recommending leaving as is.

Then click the SEND button and confirm the transaction in your Metamask.

The transaction is complete when you see two ticks.

🎉Congratulations, you have successfully bridged your USDC from Ethereum to Binance Smart Chain 🎉