@MyHero 10 June 2022 more from that month

smartBCH Updates: SHA-Gate V2 what is SHA-GATE? SHA-Gate (Smart-Holder-Authorized Gate) is decentralized, non-custodian, miner-supervised, and fully implemented with Bitcoin Cash's script bytecode which transfers BCH between the Bitcoin Cash main chain and a sidechain. Full Details: https://docs.smartbch.org/smartbch/sha-gate smartBCH Team decided to revise its scheme and improve it Here are the factors they considered in the plan. 1. SHA-Gate should be an asymmetric design. - But no one has the right to require every Bitcoin Cash full client to connect to a smartBCH full client. 2. Miners are not as willing to join smartBCH’s ecosystem as BCH holders. - The SHA256 miners are not motivated to check the validity of the smartBCH-to-BCH cross-chain transfers. 3. If the smartBCH-to-BCH bridge is hacked, BCH holders on smartBCH sidechain will be impacted most. - If the UTXOs holding cross-chain BCH are stolen, the BCH holders who are on the sidechain will suffer from it directly. 4. Enclaves are the ideal method to protect private keys on the cloud - An enclave can be viewed as an isolated entity that binds a private key, a designated software, and a CPU chip together. 5. Cross-chain operators may cause more damage than validators. 6. In most cases, cross-chain bridges are hacked by exploiting software bugs, instead of stealing private keys. 7. If we use one unique UTXO to hold all the cross-chain BCH, it will be very hard to locate. Notes: Drafted a plan for SHA-Gate to be operational, they look at the process in two directions 1. From smartBCH to BCH: cross-chain transaction constructed by operators and checked by monitors. 2. From BCH to smartBCH: in a trustless way. Source: https://smartbch.medium.com/the-plan-for-sha-gate-v2-1f1567f08db0