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SmartBCH English

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Written by   426
1 month ago

Before we start with the definition of what is SmartBCH and how does it work? We must first understand what a side blockchain or sidechain is, the Sidechain is an alternative blockchain that is used to improve the performance or transfers of a previously existing blockchain, the sidechain has a different programming and features but at the same time is compatible with the chain that joins these having communication and also complement their capabilities.

The union between a blockchain and a sidechain is given through the "TWO-WAY PEG" or "Two-way connector" allowing the transaction from one chain to another, it is a complex and very advanced process but it has helped a lot to facilitate transactions.

That is why sidechains are considered as one of the innovations of bitcoin technology and becoming a star product for all existing blockchains, these having an agility and flexibility to perform tests, but it is not all the creation of smart contracts are the main assets of the sidechains, these having the function theoretically to prevent the lack of liquidity in the ecosystem that this, in addition to reducing volatility, reducing market fragmentation, increase security and prevent fraud.

The progress of sidechain technology has been a very hard work but has had many advances and has paid off, these with its development since 2016 until today have created several projects of this technology, which have worked excellent and show great potential for the future of digital currencies and one of them is SmartBCH.

SMARTBCH

Smart BCH or Smart Bitcoin cash is a sidechain for the crypto Bitcoin Cash is aiming to explore new and great ideas besides unlocking all the possibilities besides being comatible with the virtual machine or EVM and Web3 API of ethereum providing great performance for DApps in an efficient and secure way along with de-centralization.

This is the first sidechain for bch giving a lot of field to many possibilities to the blockchain of Bitcoin Cash, in addition to this has larger blocks than bitcoin thus giving to have faster and cheaper transactions, SmartBCH leverages these transactions and low fees to give advantages to the decentralized ecosystem of ethereum thus giving a growth of interest and attention for the so-called dApps which are decentralized applications that are used in the blockchain these linking the transaction processes making users interact directly without any intermediary.

SmartBCH works with different elements which give all these improvements mentioned above, starting with the MoeingADS system which is a database that can provide proofs.

MoeingEVM is the engine that executes and manages various transactions causing different blocks to be joined and reordered giving maximized performance.

MoeingKV is the storage this produces the offsets and optimization speeding up each operation on both reads and writes.

And finally the MoeingAOT is a compiler for EVM (Ethereum Virtual Machine that compiles the bytecodes these archiving is as a linked library.

Each of them give to understand that SmartBCH is one of the best sidechain systems that exist and thanks to this bitcoin cash and many of its dApps are so efficient and useful for day to day, this has led to every day more businesses and more people join the bitcoin cash community and in turn is fully compatible with Ethereum giving more opportunities to be a universal and striking cryptocurrency for all.

Thanks to SmartBCH today there are many platforms or dApps which have given a great result and possibilities for everyone to get Bitcoin cash for free, platforms like read.cash noisen. cash are the most striking and very important for bitcoin cash, just by making quality publications you can earn money and the most important thing is the ability to withdraw it immediately, this is not only one of the best things that gives us the bitcoin cash sidechain and as mentioned before the efficiency and the transfer process in the case of making a transfer is very efficient and without intermediaries.

What ideas could be good for the future of bitcoin cash?

It has already been demonstrated that the blockchain and the bitcoin cash sidechain are so efficient and economic in the world giving the satisfaction of all users of this cryptocurrency in addition to all the possibilities it gives us to earn money with platforms and dApps that has but what if in the future new platforms are created that would give a breakthrough not only for Bitcoin Cash but the digital world.

And one of those ideas is the creation of a game in which we can get money, lately games like axie Infiniti are giving much to talk about and where thousands of people are making money in a simple and efficient way, but how would it be that bitcoin cash has its own game? Since having such an efficient and commission-free system is a great advantage for everyone, although it may be something not so unique, it can give a boost to the digital currency since thousands or millions of people would decide to use bitcoin cash as the best option.

Another idea which is very interesting and very positive for all users is the creation of a platform which makes changes to any fiat money or exchange with any cryptocurrency without limitations and with little commission, how the binance wallet works but own bitcoin cash, in addition to offering other possibilities are certainly a revolutionary invention and that would give the opportunity to turn bitcoin cash in the main currency of millions of people.

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Written by   426
1 month ago
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Comments

Thank you so much for this simplified explanation of smartbch. I must say that this is a great move in the right direction. I am among those who are already taking part in the BCH game.

$ 0.00
1 month ago

That was the intention so that more people would understand what the new

$ 0.00
1 month ago

I look forward to more updates on it. I genuinely hope, this new blockchain of BCH would readily be compatible with https://atomicwallet.io/.

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User's avatar Frd
1 month ago

it all depends on what the developers decide

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1 month ago

It is good you're bringing to our notice on the relevance of the side chain which is another alternative to the block chain and could have a greater impact in the crypto world though I've heard much about it before as a new project but I never knew it was in existence since the 2016's

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1 month ago

In the crypto world it is better to study every 3 months because there is always something new.

$ 0.00
1 month ago