Cointelegraph bridges the Internet of Things and Ethereum

On Wednesday, Psychedelic, a Web 3.0 development studio, launched Terabethia to build solutions for Internet Computers, a protocol for reflecting communication and assets through cross-chain contracts. Starting with the Internet computer, users will be able to mirror and use any Ethereum token, fungible and non-fungible, in the Internet Computer blockchain and vice versa, effectively turning the Internet computer into a two-layer scaling solution in Ethereum.

Protocol tries to deal with the problem Ethereum network congestion and high gas rates. Internet Computer, on the other hand, uses the “reverse gas model”, where developers provide the funds needed to launch applications or contracts that use their own gas, known as “cycles.”