Overriding Bitcoin Transition Hurdles Nevertheless, like all good things, there’s a catch: Metagood has its eye on a significant investment, one of wh
Overriding Bitcoin Transition Hurdles
Nevertheless, like all good things, there’s a catch: Metagood has its eye on a significant investment, one of which is estimated at a budget of a mighty $1 million to ensure the transformation goes smoothly, hitch-free.
Plenty of intricacies are involved with switching blockchain networks, with smart contract capabilities, gas fees, token standards, metadata preservation, conservation of values, and security concerns all being complexities. However, as the technology matures, solutions advance, mitigating such challenges. Careful planning and considerations are required to transition networks, and all can be made possible with substantial funds in place.
The complete switch is estimated to take a few months, but OnChainMonkey has already overcome a significant hurdle. Each OCM Genesis NFT can already be minted on Bitcoin, retaining an apparent link to its original Ethereum NFT. Holders will be granted complimentary Bitcoin Ordinal NFTs once they deactivate their Ethereum assets.
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