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BCH | The Missing Pieces of the Perfect Bitcoin Cash Puzzle

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Written by   111
2 months ago

The crypto ecosystem is non-stop evolving and the expectations of the crypto-enthusiasts are following the changes in the sentiments. In addition to the monetary aspect of blockchain-based products, there are also services which are preferred by the crypto-lovers.

Bitcoin Cash has multiplied the number of transactions just within a year thanks to 2 amazing platforms, namely Read.Cash and Noise.cash. Thanks to both platforms, the crypto writers who are looking for places to write their posts and "snackable" posts with both platforms. So far, we could make real noise...

In addition to the blogging and micro-blogging platforms, the Bitcoin Cash blockchain has Simple Ledger Cash that serves the tokens on the blockchain. In my opinion, having tokens, which have well-organized tokenomics, is one of the vital requirements for developed blockchains. At that point, SLP is a game changer. Moreover, we can also talk about Memo.cash Tokens and their utility in memo.cash. Though the platform is not as popular as ReadCash and NoiseCash, it has distinctive dynamics and fans.

Lastly, we may open parentheses for Smart Contracts on Bitcoin Cash Blockchain. Lastly, for the developers, CashScript provides adequate technical support for the enthusiasts

Though it looks so far so good, I think there are some missing "hot" issues in crypto ecosystem.

Gaming on Bitcoin Cash Blockchain

Enter The Sphere (RPG game on BCH)

Enter The Sphere is one of the games planned to operate on Bitcoin Cash blockchain (Check the ReadCash post by @Joey_B_Wong )

Even though the game attracted some attention, it also revealed a fact that there are some more games are required on the blockchain.


As you may know, there are successful gambling platforms based on Bitcoin Cash, we can hardly put forward that there are enough games that are on Bitcoin Cash that may bring more utility to BCH. In terms of gaming, the blockchain has necessary features but more developers are necessary to build games especially in that era. (Simon cannot do it, too 😅)

Non-Fungible Tokens & NFT Markets

Non-Fungible Tokens are beyond being a piece of art in today's developed smart contracts.

The owner of the NFTs also owns some more traits especially in gaming and governance aspects.

Since the concept of NFTs is also based on ownership, the role that they place is getting more and more important.

There is an informative Reddit post that is explaining the reason why there should NFTs on Bitcoin Cash Blockchain.

Decentralized Finance Products

The De-Fi products are quite fashionable as many people see them as the reason for the bull-run in 2021.

While talking about De-Fi, we are also emphasizing the liquidity pools, atomic swaps and Decentralized Exchanges.

While there are several "hot" protocols that are communicating with blockchains to add more facilities, it can also bring value to Bitcoin Cash thanks to the existing features of the blockchain.

Basically, protocols are developing the blockchains and they keep them always up-to-date. I believe that they can operate flawlessly on Bitcoin Cash blockchain according to the necessary components.

Inter-blockchain Communication

As in our lives, communication is also crucial for blockchains to advance themselves.

Since each blockchain serves different but useful operations, the collaboration ultimately affects both sides in the positive way.

The concept of inter-blockchain communication can also thrive Bitcoin Cash blockchain as in the present examples.

In 2021, crypto ecosystem gives importance to the communication between the separate blockchains.

Recently, Avalanche (AVAX) started operating the bridge between Ethereum to sign the transactions on its blockchain through communicating with Ethereum blockchain. Such features also exist in WAX, ELOS and EOS blockchains to transfer value one another.

Final Words,

I just wanted to highlight some points that believe essential in this term. If the aspects are already present in some projects, I could not find them out during my research.

The hyped coins,which are the native currencies of some projects, are mostly the one making use of one or more aspects that are mentioned above. From the bigger perspective, there are slight differences between the projects but when we examine them, we give credits.

Neither too late, nor impossible. The Bitcoin Cash blockchain is one of the most secure and mass-adopted blockchains of all time. While the most crucial problems are already solved by the blockchain, it's high time to evolve the operations by taking some steps.

These are my personal opinions and observations so far. If there are missing points or the points that missed, please leave a comment below to inform us 😌

Thank you for your attention

Regards,

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Written by   111
2 months ago
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Comments

Great post! Do you think it would be possible to host nft's on bch?

$ 0.01
2 months ago

Mate, it’s great to see you there.

I think it’s quite possible to operate NFTs with SLP smart contracts 😌 Just a matter of development or interblockchain communication...

$ 0.00
2 months ago

You are not allowed to send NFT token to Bitcoin.com wallet. It cannot handle it. You must use electron cash slp version, or memo.cash wallet.

$ 0.02
2 months ago

Yes mate, as far as I learned, electron cash handles it. Another thing that I wanted to emphasize is the NFTs with utility. Beyond being a piece of art 😌

$ 0.00
2 months ago

I had signed up for read.cash some time ago but never really used it. I just wrote a small article to try it out :-). Thanks for leading me here !

$ 0.01
2 months ago

My pleasure 😌

$ 0.00
2 months ago

Thanks.... It almost take my 15 minutes to read and 30 minutes to understand. It needs to be updated... Bro I'm a new user of read.cash. Guide me and help me... BTW the your article is so informative, I have subscribed you for more such information

$ 0.00
1 month ago

Ohhh, I thought that it's quite brief and comprehensible. the things mentioned are newly growing interest areas. Thus, you will realize them as you experience ^^

Welcome to RC dear, first of all you should understand the rules of the website. Afterwards, use relevant topics and communities to post whatever you want. That's all ^^

$ 0.00
1 month ago

Nice post!!!

$ 0.00
2 months ago

Very well written post ;)

$ 0.05
2 months ago

Thank you soooo much dear ^^ You made me really happy 😌

$ 0.00
2 months ago