Hey everybody, today something quite exciting has happened within the Bitcoin Cash space.
Detoken.net has launched.
Detoken.net is the first DeFi product within the Bitcoin Cash ecosystem.
You probably have already heard of Uniswap or perhaps even Sushiswap.
Well Detoken.net is going to be similar but also different.
Here is how it is different from DeFi on Ethereum
lower fees to interact with the contracts, this offers a huge opportunity for experimentation. Writing contract and interacting with them without it costing a fortune in fees. Imagine being a twelve year old whizzkid bound to become a financial genius in the future, you think he will be able to afford experimenting with smart contract on Ethereum or Bitcoin Core? I doubt it. And if so, he would have to belong to the group of rich westerners, severely limiting the pool within to find potential brilliance.
If you buy in to a cryptocurrency that only exist on the Ethereum blockchain you are forced to always have to deal with ETH because all these contracts require gas . With SLP tokens on Bitcoin Cash it's theoretically possible that there will be SLP wallets that can be unaware of Bitcoin Cash even existing. This is possible with protocols like Simple Ledger Postage
The downsize versus Ethereum is that Bitcoin Cash smart contracts will be simpler in scope. Ethereum is a universal global computer, Bitcoin Cash is not.
So now back to HouseOne. HouseOne will be an SLP token and we hope to have it tradable on detoken.net as one of the first SLP tokens.
My brother works for a bank in the Netherlands. We are hoping that launching this financial product together will give him some experience with DeFi and bragging rights. It's almost certain that within 5 -10 years from now banks will
will have a cryptocurrency divisions. We are hoping that my brother will be in an excellent position to play a role in such division. This is also good for Bitcoin Cash because my brother will defend Bitcoin Cash like a "dutch lion". He is also one of few people I know that have a Bitcoin Cash address with his full name in it. Check it out: 1BoSRubenAVZZAMx7ZWiiLV5ot8Z6VuzTx
Image a tall dutch guy with a bank business card that has such a vanity address on it. Retecool and you really need balls right now as a Rabobank employee to defend Bitcoin as it can cost you your job. Join them because we can't beat them has not happened yet within that culture, Bitcoin is very much still the enemy for the guppies.
Anyway, we hope to launch our website in the coming month and introduce the HouseOne idea to the Bitcoin Cash community.
Congratulations. Same too dear you will inform us when your website will be done. I would be very happy if you say so