It's crutial to follow up all the events happening on the Bitcoin Cash ecosystem to understand what have been done so far, there's a lot accomplished and more is about to come, paying attention in the price asset can wrongly lead to an early conclusion that there's no much development behind the scene.

Bitcoin Cash price compared to other forks is doing great, and holding more than 10 billion of the marketcap and continue to have a good performance on the crypto space, of course it could do better but to be a digital money it's playing a very important role on the peer-to-peer ecosystem.

Since it split from Bitcoin Core (BTC) in 2017, Bitcoin Cash has become the better digital cash following all the fundamentals found on the Bitcoin whitepaper with lower fees, fast transactions and a currency to serve all people after all, it's inclusive without exceptions. A lot have been happening on the background concerning development and projects have also been built:

Technology SLP

Simple Ledger Protocol enables tokens from being created on top of Bitcoin Cash ecosystem and allowed dozens of them to be issued and transacted on dedicated Marketplace such as memo.cash fueled by Bitcoin Cash. Non-fugible tokens (NFTs) could also be produced on top of Bitcoin Cash allowing everyone to tokenize almost everything they want on the BCH mainnet creating digital art and more using SLP tech.

Cashfusion enhanced even more the privacy where users can opt-in to use it to keep their Bitcoin Cash transactions more secure from snooping eyes.

smartBCH

There's still room from innovation on the Bitcoin Cash ecosystem with huge developments that can lead the currency to become one of the main in the crypto space and, smartBCH is definitely one of those developments that can change forever the path of Bitcoin Cash.

smartBCH enable everyone to join the DeFi revolution and that is something very impactant in the Bitcoin Cash ecosystem.

The SmartBCH side-chain is the latest big and successful development in the Bitcoin Cash ecosystem, was launched six months ago, on July 30th, 2021 as an early gift to the entire community which on August 1st, celebrated its Independence Day [date commemorating the day that Bitcoin Cash had its Bitcoin Core (BTC) blockchain split], opening a new page in the history of Bitcoin Cash involved with smart contracts.

With smartBCH, Bitcoin Cash starts a new journey into the DeFi ecosystem allowing more people to participate in this world that in the past was selective, beginning a whole new stage for decentralized finances fueled by Bitcoin Cash.

SmartBCH start to build or fork projects from the Ethereum ecosystem or another blockchains that use EVM (Ethereum virtual Machine) into the side-chain, but, with a 300 times lower fees. Bitcoin Cash is the currency used on the smartBCH to pay for gas fees and also the native currency on the side-chain.

SmartBCH is Initially working on a bridge managed by Coinflex (which is also the public vault to deposit and withdraw the currency to the SmartBCH well also back to mainnet), right now act in a semi-centralized way, which means serve as a repository of all Bitcoin Cash that works on the side-chain.

The Bitcoin Cash is locked and issued in SEP-20 format to be used in smartBCH, all Bitcoin Cash that is in CoinFLEX custody has the same equivalence in SmartBCH in 1:1, meaning that if there are 22,201 BCH locked in the custody of CoinFLEX platform then the same number must be issued in SEP-20 format to be used in the side-chain.

It will be much easier to understand this when CoinFLEX launches their transparency page about smartBCH side-chain where can be observed live the public view wallet, for now it can be followed on the Grafana website which is an excellent tool to find how many Bitcoin Cash units have been locked, burned fees, contract stats and more.

SmartBCH Important role for Bitcoin Cash

SmartBCH allow projects on the Ethereum network to be issued in Bitcoin Cash smart chain (SmartBCH) with lower fees, works in deflation mode, part of the fees are burned that can leverage the price in the market. The team behind the SmartBCH project highlights in their whitepaper that part of the fees will be also used as incentive for network validators.

DeFi projects such as DEX Exchanges will present their products in the Smart Bitcoin Cash chain allowing a greater number of entities and people to participate and obtain benefits from the use of the side-chain.

SmartBCH is a catalyst for Bitcoin Cash as all the transaction, fees costs, creation of projects to interact with smart contracts on the side-chain will be fueled by Bitcoin Cash.

**read this announcement from CoinFLEX with enlight how things will work on the SmartBCH.

Building projects on SmartBCH side-chain

SmartBCH is fully operational and in the coming days the SHA-GATE will be released, which will lead the side-chain to operate in complete decentralized manner, it will perform even better after the upgrade reducing also the actual fees spend on gas. It already completed six months on operation gradually attracting businesses and people to use the services to benefit from cheap fees that enable everyone to participate in the DeFi revolution.

There are a good and well feed DEX Exchanges on smartBCH where people can trade their tokens, farm, allocate liquidity or even stake to get profits. Bigger DEX Exchanges such as MistswapDEX and BenSwap offer an ecosystem where investors can easily swap their crypto.

MistswapDEX is one product created on the SmartBCH that seems to evolve faster with plenty of tools to help investors have confidence trading on the platform. Recently launched an innovative bridge where more than 20 currencies can be used to convert in Bitcoin Cash to be used in the SmartBCH ecosystem. The service also serves to withdraw Bitcoin Cash from the side-chain to any other blockchain listed on the bridge allowing a greater number of participants to use the side-chain.

Besides MistswapDEX there are more than 6 other important DEXs acting on the side-chain, more than 65 tokens, a market index for SEP-20 assets, DApps and more products built on smartBCH.

There is more than 100,500 BCH locked on the smart Bitcoin Cash chain with more than 225 BCH burned coming from fees.

SmartBCH has the ability to build and fork projects built on ETH blockchain making it a catalyst for Bitcoin Cash ecosystem, as, the fees charged on the side-chain are much lower than on the "giant" network. Fees matter and using Bitcoin Cash people and investors can easily put their money on projects and anytime cash it out without need to worry about gas fees, the side-chain allow even the smallest investor to participate on the ecosystem giving more people a place to participate and get involved with DeFi.

With just six months on market smartBCH is starting to get noticed also get visibility on the crypto space where investors can easily participate choosing their best projects to put money in, and, anytime cash out their profits without need to get worried about fees!

Summary,

The side-chain may still be in its sixmonths of creation but it can be clearly seen that there is a lot of acceptance by the community, which has already invested more than 100,500 BCH on the Bitcoin Cash smart ecosystem, not all, as since its launch activity is increasing by registering a movement of burning fees in more than 225 BCH.

Also the introduction of a better and innovation bridge by MistSwapDEX more investment can come to the space as more coins can be used to convert in Bitcoin Cash also to cash out. More people can be onboarded using the bridge allowing them to invest their money using various tokens that they hold into BCH without harming their capacity of cashing out their profits as the side-chain is cheap to use and to take out their assets.

I'm absolutely positive that in the coming days or months more projects will deploy their products on SmartBCH and start expanding across the smart grid,

The use of Bitcoin Cash in 'smart contracts' a lot can change, its utility value will increase, as well as it will no longer only be a peer-to-peer electronic cash payment currency but will add an additional one, being an investment currency in DeFi, swap their tokens, stake, farm, using lending services, decentralized games, NFTs and more.

Bitcoin Cash is just starting in the world of smart contracts, but a lot of people are already bullish, after all a new story starts in the currency ecosystem!

Find me on noise.cash: alberdioni8406