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Testnet for smartBCH, a Bitcoin Cash Layer-2 Project, Is Now Public

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Written by   75
7 months ago

We are really excited to announce that, as of today, the smartBCH testnet is now live. Developers and DApp builders can now find the testnet information at https://docs.smartbch.org/smartbch/testnets . The testnet will allow anyone to experiment with and develop for a high-performance, EVM-compatible Bitcoin Cash sidechain.

We know the Bitcoin Cash community has been eagerly awaiting the release of the smartBCH testnet and interest has grown daily. Our telegram channel alone boasted hundreds of members even before the first single-node test version was released. The abilities of smartBCH, while still untested on a live public chain, are promising. Mark Lamb, CEO of CoinFLEX, has had his dev team running a private testnet of smartBCH. Lamb reported, “Metamask is connecting without issue, and solidity code is working well. We set up a DEX on our private testnet, created tokens…and it’s all going smoothly.

There has been a huge surge of interest in “Ethereum killers” lately due to extreme congestion and high fees on Ethereum. Users and developers have flocked to other blockchains like BSC, Polkadot, and EOS. Even these alternative smart contract platforms have seen gas fees go higher due to market demand. SmartBCH is poised to take away some of the market share for DApps and DeFi by using novel attempts to scale far past what previous blockchains have managed to achieve.

smartBCH is a first-of-its-kind sidechain for Bitcoin Cash, launched by our dev team which has been in blockchain development since 2016. Bitcoin Cash has spent nearly its entire history as a top-10 coin by market capitalization. It enjoys relatively high liquidity, merchant adoption, and an enthusiastic and engaged community. Bitcoin Cash itself is not specifically equipped for smart contracting functions, preferring use cases centered around peer-to-peer cash. However, as a sidechain to Bitcoin Cash, smartBCH aims to build a new playground for the Bitcoin Cash ecosystem and enlarge the userbase. SmartBCH is EVM & Web3 compatible and has a short block interval to support DeFi applications. Its throughput will be as large as one billion gas every 15 seconds to allow more users to access DeFi at a very low cost.

With years of experience developing hardware and software solutions in the blockchain industry backing us up, we are pleased to announce the testnet is live and we welcome everyone to test its functionality. “SmartBCH provides an EVM & Web3 compatible sidechain for Bitcoin Cash, staking its hash power while utilizing BCH as the native gas-paying token. What’s more, by incorporating hardware-friendly components, vastly increased scalability is unlocked,” said Kui Wang, lead developer of smartBCH. “We believe that smartBCH will provide the same benefits as ETH2.0 in a much shorter time frame, achieving a block gas limit of one billion.

For more information, please visit the official website: https://smartbch.org

About smartBCH

Started in December 2020, smartBCH is a sidechain for Bitcoin Cash and has an aim to explore new ideas and unlock novel possibilities. By developing optimized, high-throughput and hardware-friendly libraries compatible with the de facto standards of smart contracts, DeFi applications can be easily migrated into Bitcoin Cash’s ecosystem and run fluently at low cost. In March 2021, smartBCH raised 1000 BCH from the Bitcoin Cash community with a Flipstarter campaign. The funds will be used for product and business development.

Join the smartBCH community to stay in touch!

Twitter: https://twitter.com/SmartBCH

Discord: https://discord.gg/uNTRSz6msj

Read.Cash: https://read.cash/@smartbch

Telegram (Community Chat): https://t.me/smartbch_community

Telegram Announcement Channel: https://t.me/smartbch_official

GitHub: https://github.com/smartbch

Reddit: https://www.reddit.com/user/SmartBCH

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Avatar for SmartBCH
Written by   75
7 months ago
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Comments

I truly think this article needs more attention, and I hope that in the future you can also post your updates here at read cash again.

Even when it looks like you don't have many followers I will tell you that smartBCH is a huge deal for the whole BCH ecosystem.

And I can't wait to be using tools like uniswap but in BCH with very low fees, I hope detoken becomes BCH uniswap alternative.

$ 0.00
6 months ago

Smart Bitcoin Cash has my full support, and I am confident it will be successful in attracting developers of DApps and DeFi . It opens a whole new market for Bitcoin Cash and I will keep following developments.

$ 0.01
7 months ago

I've really excited about SmartBCH and the functionalities it will bring to the BitcoinCash Ecosystem... I'm really expecting lots of great apps to come out from this project and I blogged about it in the past. You guys have my full support. Let me know If I can help you with anything. Cheers

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7 months ago