"SmartBCH" a revolution in the Defi ecosystem

Headnote

This article was written to be published on the Loop finance blogging platform, but I thought of publishing it here first before sending it forward.

SmartBCH is a side chain on the Bitcoin cash network that allows any ERC20 token to be transferred and used in a smart contract on the BCH mainnet, directly via a bridge. SmartBCH is hosted on Bitcoin cash Mainnet, and it has the potential of becoming the most used cryptocurrency smart contract and Defi in the world. The SmartBCH interface will see massive adoption, since anyone who owns ERC20 tokens can use the interface for free, without having to download any software. Since it's a bridge, it also allows the transfer of BCH to the Entherium mainnet directly without touching the blockchain.

Smart Bitcoin Cash or SmartBCH, is a BCH sidechain compatible with EthereumVirtual Machine or EVM and Web3 API. The project is created to utilize decentralized applications or dApps with more affordable transaction fees.

Smart Bitcoin Cash or SmartBCH, is a BCH sidechain compatible with EthereumVirtual Machine or EVM and Web3 API.  The project is created to utilize decentralized applications or dApps with more affordable transaction fees.

SmartBCH is a sidechain in which users can transfer ERC-20 tokens to the BCH blockchain with lower transaction fees. SmartBCH utiylizes smart contract technology of Ethereum blockchain while keeping the security and liquidity of a real BCH network. The main objective of the SmartBCH project is to create a bridge between ERC-20 tokens and BCH, preserves the ability to transfer Ethereum ERC-20 tokens that will be stored on the BCH blockchain via a smart contract. The bridge will not only support ERC-20 tokens but also SLP tokens such as KORAN, and Spice tokens, all on the BCH blockchain.

This brings Defi application and smart contracts to the Bitcoin cash network, allowing anyone to use Defi platforms, dapps, build smart contracts, and mint NFT.

Already, the first Dex on the SmartBCH network has been running for a month now with a lot of new tokens been created and promoted on the Dex. Farming, pools, staking, and swapping has been going on the Dex, bringing a lot of money-making opportunities for many people.

The first Dex on the SmartBCH network is BENSwap Dex with $BEN as its native token, and a well documented road map you can read here.

The Dex is simple to use, connect to MetaMask wallet, send tokens and it's more than just a Dex. The process of switching to SmartBCH is as well very simple after having added the SmartBCH network to your MetaMask browser networks.

Now that Dex on the Bitcoin Cash network has also been established, we expect SmartBCH to have good market support and growth this upcoming year, and that's good for BCH as well.

A simple way to understand this is to take a look at the binance smart chain and all the features that have been built on it over the years. But SmartBCH comes with something better, if nothing else, to solve the problem of high transaction gas fees which has been a major problem in the Defi ecosystem. Transaction fees are a major concern in the crypto space and the Defi ecosystem as well. This is what makes the Bitcoin cash chain the perfect home for SmartBCH, since BCH has almost the lowest transaction fees and high scalability.

SmartBCH is a very new sidechain, with new projects emerging there all the time. Many people will soon realize that it is easier to make money in the smartBCH chain than anywhere else. They will also appreciate the low fees. They are more than a hundred times lower than in the Ethereum network and ten times lower than in the BSC network. This will attract a lot of people who will only stake small amounts and try smartBCH. You will fall in love with SmartBCH. Just give it a try.

How to access SmartBCH network on MetaMask wallet browsers

The first thing to do is to download an Ethereun compatible wallet. MetaMask wallet is the best at the moment. On your MetaMask setting go to the Network section and add a network, there, fill in the SmartBCH network details and click add to submit.

Here are the details of SmartBCH network you need to add on your MetaMask browser networks.

NETORK NAME : SmartBCH

RPC URL :https://rpc.uatvo.com

CHAIN ID : 10000

SYMBOL : BCH

BLOCK EXPLORER URL : www.smartscan.cash

Now that you have the SmartBCH network on your MetaMask browser, the next thing to do is to fund your wallet with some SmartBCH tokens. You can get BCH and have them sent to your MetaMask wallet on CoinFLEX.com, the only bridge available right now to send BCH SEP 20 tokens to the MetaMask wallet. CoinFLEX is an exchange and also a bridge working with SmartBCH network.

If you have successfully completed the above instructions, the next thing is to search for one of the Dex on the SmartBCH chain from your MetaMask browser. You can go for BENSwap, connect your wallet and start your Defi experience on the SmartBCH network. You have a guarantee of enjoying the lowest transaction fees you cannot find anywhere at the moment.

Conclusion

With the increasing competition in the Defi space, it will be interesting to see how SmartBCH revolutionizes the space. For now, it's too young to know its full capacity.

To know more about SmartBCH, I recommend you visit the site and read everything that this article could not cover.

What is BCH? A little introduction for those who don't know

It is a cryptocurrency with expensive working technology, more capacity than ETH, and US dollar of course. With improved blockchain technology, BCH is aimed at solving payment transaction problems that can be processed faster than its competitors. This is one of the reasons why more and more businesses are adopting it as a means of payment.