SmartBCH A Top Option For Developers
SmartBCH is probably the best platform for all developers, smart contract experts, and investors, today.
While smartBCH unlocks unlimited possibilities in the smart contracts field, Ethereum is still under a lengthy process of implementing ETH 2.0 and sharding, a network upgrade that may take up to 10 years to achieve a similar throughput to what smartBCH is offering today.
For investors, smartBCH offers yield farming with some of the highest APR in the whole DeFi market. Traders will probably find some promising projects at a low valuation and invest for the long run.
Yet for developers, smartBCH presents a spectacular platform, one they can deploy their ideas into smart contract Dapps and find better odds to succeed than any other platform.
With smartBCH everything that is being built on Ethereum gets easier.
Blockchain games will find a great environment to create games
NFT artists can create and offer their collections
Any innovative new project can offer token sales and list on DEXs
Prediction Markets and Gambling Dapps
smartBCH offers a vast userbase (a ready target group and limited competition at the moment). Strategically important when selecting which platform to build on.
When identifying your project goals it is important to also perform a market study and find out if there is a target group for the product the devs create.
The target group on some smart contract networks is just a double-digit number of users. Any such development has extremely low chances of succeeding. SmartBCH already has thousands of active participants, a userbase hungry for developments.
Why Build on smartBCH?
Developers often fail to understand the market and instead of offering their products on a robust and efficient blockchain, they select those that are marketed and hyped up, just because they suppose they also have a userbase.
Sadly, this is not the case. Whales may try to pump the Avalanche DeFi and present huge volumes (currently 11B) yet, this doesn't reflect the current state of the actual userbase of this network which is just a mere 100-200 individuals.
A developer allocates time and effort to create an application always planning for mass adoption. Otherwise, it will be just a short-term pump and a long-term failure. There are tens of thousands of wasted attempts in Ethereum since its beginning as the Ethereum fees and network congestion did not allow mass adoption. Basically, Ethereum did not allow even modest adoption since the fees are making scaling impossible.
The moment fees start rising, it becomes impossible for most projects that base their success on their userbase to proceed. Withdrawals become unfeasible and contract interactions request for unreasonable fees. The long-term viability of various categories within Ethereum gets canceled instantly.
Devs who increase their success rate are those moving against the trend and find opportunities where others aren't looking.
Niche Industries that suffer under Ethereum
Blockchain Games
Predictions Markets & Gambling Apps
Marketplaces
NFTs
DeFi (for small investors)
Apps offering monetization (i.e. Publish0x)
The long-term viability of a project is instantly canceled when fees rise. Ethereum fees were always a threat, yet developers kept releasing their products on this blockchain since there were no viable alternatives until recently. Tron did not progress and in terms of userbase this platform never really kicked off. Most Ethereum clones have also failed so far, bringing nothing new or interesting.
BSC has attracted a certain crowd, mostly for the DeFi infrastructure it created, yet, BSC is a project heavily funded by Binance, and centralized under Binance validators’ control. BSC attracted some developers, yet it doesn’t have a strong userbase to sustain it in the long run.
Almost everything on BSC today, except perhaps a few “DeFi” platforms, is just a speculative bubble that will be short-lived. The gamers of the blockchain games of this platform evaporate quickly as soon as the initial rewards that attract airdrop hunters are over.
The model of BSC doesn't seem to have the potential to achieve something better in the long run. Even the DeFi sector of BSC seems it exhausted its potential and maybe will start declining to competition soon.
Ethereum's Congestion Stalled Innovation in Dapps, Blockchain Games, Gambling Apps, Prediction Markets
A great example is the number of users in Ethereum blockchain games today:
It is pitiful for any blockchain game to have to deal with such low traffic. This is mostly a two-digit userbase in all blockchain games of Ethereum. This list contains 529 Ethereum games that are still active, and all of them have massively failed. Most have zero daily users, and perhaps only just some friends of the devs decide to waste hundreds of dollars in Ethereum fees daily, just to keep these games active.
The Binance Smart Chain blockchain game stats seem to present an extreme number of users, yet, these numbers contain unrealistic traffic for the current state of blockchain gaming.
It is not reasonable to find such numbers in games as "Bomb Crypto", or "The Crypto You". These are completely unknown games to anyone in the crypto field so perhaps this data presented by BSC is far from being realistic.
WAX is doing better in blockchain games, yet, WAX fees are not as low as smartBCH and demand constant refill of functions as CPU and RAM for fees. Still, WAX, has a certain (real) userbase that is admirable.
Hive has just Splinterlands, a game resembling the Axie Infinity hype, having thousands of active users.
Basically, it is just these two games (Axie and Splinterlands) that attract the most userbase because of the monetization factor and the media attention (together with market-hype).
As games, they lack fundamental features that attract real gamers, and just the monetization factor alone can’t sustain them forever.
The main reason they both won't survive will be competition by real games with gameplay and better environment.
This is a general feeling on the approach of blockchain games, which is not even considered as gaming by the hundreds of millions of gamers worldwide. Moreover, there is the factor of entertainment value offered.
The cards games will not sustain for long and the model already seems it has reached its limits. However, I don’t want to discourage the Axie or Splinterland players.
The AxieBCH guild is a smartBCH project with a certain utility that is admirable.
Ethereum devs focused for a while on blockchain games, but miners’ fees destroyed any progress in this market. Gaming, of course, requires adequate funding and just one dev can only create a modest mobile Android/IOS app, yet anything else requires a team heavily funded. Sadly, very few such teams appeared and not just were under-funded, but also Ethereum, which was the only option for them until recently, failed miserably to accommodate the needs of such projects.
As usual, Decentraland is the main example. It is not a blockchain game exactly, but falls into this category, since it offers a virtual world, with developers often creating some games within it. The idea is the same, though. Digital property and items should be sold, but within Ethereum, 99.99% of the possible gaming actions are excluded since fees to just interact with a contract often reach $200 or higher.
No gamer would ever touch Decentraland, or any other game build on Ethereum. Nobody is interacting with these contracts and any blockchain game built on Ethereum will suffer the same fate. The numbers presented in the Ethereum chart explain the real issues of blockchain games and why smartBCH offers the best platform to deploy similar developments.
In Conclusion
SmartBCH is a drastic solution to the various issues faced by competitive chains. Within 2022 it will advance into decentralization and bridging with Ethereum and all EVM compatible sidechains.
It is safe to assume the future is bright for smartBCH and it will grow into a competitive blockchain that will attract vast investments once it matures in this market.
The prospects are exciting and many have noticed. We are all waiting for the "Wow" moment, the time when everyone will be discussing smartBCH.
Blockchain gaming is only an example of why a congested network is not working to meet mass adoption. No game on Ethereum will ever succeed when it asks for $200 fees just to make a single transfer of a digital asset.
SmartBCH fixes this for blockchain gaming and beyond. It is the same for all kinds of Dapps, Gambling applications, publishing websites, etc. Although Bitcoin Cash can also be used, still smartBCH includes all Ethereum's smart contract capabilities.
There is a strong userbase as well. Maybe tens or even hundreds of thousands of potential users of any development that can attract them.
Fees are low and the userbase is there. If you are a developer focusing on creating a product millions will want to use, probably smartBCH is your best bet right now.
If I was a blockchain game developer, I would create a game on smartBCH right now. A game at the model of "Splinderlands" on smartBCH would attract a hundred thousand users in two or three months.
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