Marriage on the blockchain: Couple gets married on Ethereum blockchain
Blockchain technology had been used for several things since its creation a decade ago. It houses ICO, tokens, NFTs, DeFi, and more. However, as a novel technology, people are finding more ways to leverage it, thanks to its transparency and other unique feature. A couple recently got married on the Ethereum blockchain, creating a whole new use-case for the technology.
Coinbase couple got married on the Ethereum blockchain
A California couple became the latest couple to get married on a blockchain after using tokenized rings to immortalize their marriage. Rebecca Rose and Peter Kacherginsky, both employees at cryptocurrency exchange Coinbase, got married on the Ethereum blockchain this weekend.Rebecca Rose, the bride and product designer at Coinbase, tweeted about this latest development. She stated that “Most people get married in a place of religious worship, on a beach, or in the mountains. Peter and I are NOT most people. We got married on the #blockchain.”
She added that following the Jewish ceremony, the couple wanted to solidify their vows and did it on a blockchain. The groom wrote an Ethereum smart contract for the marriage that issued digital artwork as tokens (NFTs) to their cryptocurrency wallets.
Kacherginsky wrote the 2,218 line-long smart contract last month and spent 0.25 ETH to create it. The overall smart contract for the wedding cost approximately $580, including the mining fees. The wedding ceremony comprises two transactions: the transfer of the NFT rings from the smart contract to Rose and Kacherginsky.
Blockchain wedding costs less
Blockchain technology is widely popular because of its numerous features, including transparency, cost reduction, and more. The Rose and Kacherginsky wedding showed that getting married on a blockchain is less expensive compared to the traditional ceremony. The average physical wedding in the US costs roughly $25,000.Rose was excited by the use of blockchain, adding that “The blockchain, unlike physical objects, is forever. It is unstoppable, impossible to censor, and does not require anyone’s permission. Just as love should be. What could possibly be more romantic than that?”
The first blockchain-based wedding was in 2014 when David Mondrus and Joyce Bayo got married by scanning a QR code during a ceremony conducted at a Bitcoin conference at Disney World in Orlando, Florida.
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