Psychedelic, a Web3.0 development studio, introduced Terabethia on Wednesday. This protocol is a cross-chain asset communication and asset mirroring protocol. With the Internet Computer, and the, users can mirror any Ethereum tokens, nonfungible or fungible on the Internet Computer Blockchain and vice versa. The Internet Computer will effectively be an Ethereum layer two scaling solution.

This protocol addresses the issue of Ethereum network congestionGas fees that are high. Internet Computer, however, utilizes a “reverse-gas model”, where developers contribute the funds necessary to operate the applications and contracts using their gas. These are known as cycles.