It's necessary for people to start realizing that the SmartBCH side-chain is a blockchain that can fork any project that exist in the Ethereum chain. For those who didn't know, SmartBCH is an Ethereum Virtual Machine [EVM] project, which means that everything that is a project can be implemented exactly like in the Ethereum network.

Taking as an example, we have the Decentralized trading platforms, MistSwapDex which is an authentic fork of the SushiSwap exchange that runs on the Ethereum blockchain network. Not only that, SmartBCH can also fork projects that are running on other blockchains, like Binance Smart chain (BSC).

SmartBCH Is an Innovation

SmartBCH is a technological innovation that will catapult the Bitcoin Cash name into the world of decentralized finance, where fees will remain low and will enable investors to actively participate. It's fair to say that SmartBCH will make even the mainnet price of Bitcoin Cash more and more secure its deserved place as the side-chain is a parallel 'platform' to the main cryptocurrency market where Bitcoin Cash is used for everything (gas fees) what are transactions on the Blockchain.

Using the example of Ethereum itself or even the Binance coin, it can be seen that the two coins are in a good position in the crypto market, they have a DeFi market that helps in the dissemination and visibility of their main currencies, making their use massive increasing demand and also giving them the value they deserve and the same will happen with Bitcoin Cash.

The various currencies being traded on the SmartBCH side-chain are a positive boost in the Bitcoin Cash currency price, of course it will still take time for changes to take place visibly but just the simple fact that there is one parallel market where Bitcoin Cash is used as 'fuel' is reason to believe that the currency has a bright future ahead.

Not only, SmartBCH also has a catalyst which is the capacity to burn partially Bitcoin Cash which will increase the demand for the currency by reducing the supply and making it scarce in the market. We have already seen currencies like Binance, where supply was reduced using quarterly earnings from Exchanges to burn the coin, making it scarce and consequently increasing demand and also its value per unit.

SmartBCH Is fast and cheap to Use

It may seem trivial, but the fact that SmartBCH's blockchain is fast and cheap executing transactions such as the payment of trading gas fees, is very important for its development and evolution.

As I said at the beginning of the article, SmartBCH can make any fork that exists on the Ethereum blockchain network but with a difference, the side-chain has 300 times lower trading costs compared to ETH. This means that many small investors who have never had the opportunity to participate in Ethereum's DeFi can have a direct participation in SmartBCH. Fees matter and have an important influence on the adoption and usability of the network, if they are favorable, investors as well as individuals can use it without fear of paying too much.

The speed of trading also plays a major role in adoption and usability, as the faster the transaction is confirmed, the greater the trust and credibility it will have in the market. Nobody likes to wait for a transaction to take hours or even days to confirm, which in certain cases causes it to be canceled or dropped on the network, but cutting the transaction cost.

SmartBCH Is still in its embryonic stage

Exactly, SmartBCH still in its early stage and a lot is still going to happen in the side-chain. It is important to realize that SmartBCH is here to stay and being in its embryonic stage there are things that will still develop. For example, the side-chain isn't completely in the full decentralization phase, with CoinFLEx as the central vault of all Bitcoin Cash invested in the network.

The SHA-GATE has yet to be implemented and also the upgrade will give the network a new performance as well as reduce the fees currently in effect on SmartBCH.

In terms of existing projects at SmartBCH we can still predict that many will still enter the market as the side-chain makes it possible to create them without much technique and with the fees in place definitely many will join.

Summary,

In the recent past, the SmartBCH side-chain was simply a paper project that many did not believe was possible to put into practice. Who could imagine putting Bitcoin Cash in decentralized finance! This was practically an anecdote, but the side-chain developers showed that in the Bitcoin Cash blockchain network a lot could be developed and there SmartBCH is a reality.

The future of the DeFi ecosystem is in SmartBCH and this will boost the usability and visibility of Bitcoin Cash as currency that's fuel for everything which happens on the side-chain, the future of decentralized finance is in SmartBCH and the future of money is in Bitcoin Cash!

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