TechFlow news — On March 23, ConsenSys, an Ethereum infrastructure development company, announced a collaboration with Ethereum sidechain Palm to build and improve the official Palm Bridge. The new bridge will make cross-chain fees from Palm to Ethereum more fair and consistent, while reducing the likelihood of transfer delays. In addition to transferring funds, users will also be able to transfer NFTs across the bridge. Furthermore, the Palm team will no longer need to manually update fees or resubmit transfers that lack sufficient gas.
The Palm network is an Ethereum sidechain dedicated to the sale, purchase, and trading of NFTs. Palm states that its network has low gas costs and is 99.9% more energy-efficient than proof-of-work-based blockchain networks.
