PASADENA, Calif.--(BUSINESS WIRE)--Ally, Inc. (“Ally,” or, “Company”), a software-as-a-service leader in addressing business transaction pain-points, is pleased to announce the launch of its cross-blockchain bridge, Verge (https://vergebridge.com). Verge, powered by Ally, bridges the Direct Token (DRCT) to Polygon to significantly lower Ethereum blockchain network gas fees for users.
Blockchain acts as a distributed database in which information is stored across digital systems. This information utilizes blocks strung together to store data in a chronological, irreversible manner. Best known for its crucial role in cryptocurrency, blockchain is essentially a ledger for digital transactions.
One blockchain development platform with high popularity is the Ethereum network. Due to the high level of adoption, Ally taps into the power of the Ethereum network for its blockchain transactions. Historically, however, fees on the Ethereum blockchain network have been high. Referred to as gas,...
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