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SmartBCH Essentials, Milestones And New Developments
Seven months have passed since the first projects, DeXs, SEP20 tokens, and Web3 decentralized applications emerged in smartBCH.
Hundreds of smart contracts are deployed, with the smartBCH community now reaching thousands of daily active members, embracing developments.
SmartBCH achieved a successful beginning phase while currently aiming to compete with dominant forces in the smart contracts field like Solana, Cardano, Polkadot, and Polygon.
In the following months, we expect the implementation of the decentralized bridge SHA-Gate. A development that will create new opportunities and bring smartBCH one step closer to achieving its targets.
The SHA-Gate bridge is a permissionless application that will initiate interoperability with Ethereum, allow asset transfer between the two networks, and further enhance the image of smartBCH in the Cryptoverse.
SmartBCH is an EVM-compatible network offering high throughput and supporting the creation and deployment of Ethereum based smart contracts. It is a sidechain to one of the most robust blockchain networks, Bitcoin Cash, providing a solution to Ethereum's high fees and congestion.
SmartBCH took steps to secure the network's reliability, having no structural weaknesses or failures that we've previously witnessed in other quality smart contracts networks.
There is no downtime or centralized intervention as the network operates smoothly, with no issues for almost one year.
Transactions only require a few seconds to proceed, as block time is 6 seconds, while the high throughput of smartBCH suggests a potential future market leader in the field of smart contracts.
Fees are currently low and vary between $0.02 - $0.10 for most operations and according to each contract's demands, while SmartBCH developers also plan to reduce gas requirements by 90%.
SmartBCH will soon deploy a decentralized bridge to Ethereum (SHA-gate). This development can potentially increase interest in smartBCH from users and investors of other top-quality platforms.
100,000BCH are now locked in the smartBCH protocol.
Possible investments from funds similar to investments in Solana, Polygon, or Terra Luna, will raise TVL significantly and exponentially boost developments in smartBCH.
It won't be long before we find hundreds of NFT collections on smartBCH. The significant volumes some of the collections generate during the mint phase are also followed by increased trading volumes in marketplaces:
NFT Marketplaces in smartBCH:
The decentralized marketplace OASIS is the NFT hub for smartBCH, with volumes, trades, and bids increasing each month.
A decisive factor for smartBCH's initial success is the number of users it attracted in this initial stage and the quality of this community, allowing the platform to mature and explore its true potential.
Another factor for the smartBCH current level of success is the dedication of the smartBCH community to supporting users, developers, teams, and artists, which has served the smartBCH ecosystem remarkably well.
SmartBCH is growing as a strong contender for a spot among prevalent smart-contracts platforms.
Using smart contracts and decentralized financial services with smartBCH is equivalent to popular networks such as Solana or Polygon. Moreover, smartBCH presents a reliable solution to Ethereum's scalability issues with high throughput, a strong userbase, rising volumes, and growing TVL.
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