@k1ll1van1ll1
edited
smartBCH for DUMMIES #1 :::: Getting Started
Welcome everyone to my new project **smartBCH for DUMMIES!** INDEX ****#1 GETTING STARTED**** https://read.cash/@k1ll1van1ll1/smartbch-for-dummies-1-getting-started-a0cdb64b ****#2.1 SETTING UP A WALLET (PC)**** https://read.cash/@k1ll1van1ll1/smartbch-for-dummies-21-setting-up-a-wallet-pc-a99ae1ee ****#2.2 SETTING UP A WALLET (ANDROID)**** https://read.cash/@k1ll1van1ll1/smartbch-for-dummies-22-setting-up-a-wallet-android-bd1f88a4 ****#3 TRANSFER BCH IN & OUT**** https://read.cash/@k1ll1van1ll1/smartbch-for-dummies-3-transfer-bch-in-out-bridge-738ed2bb
As I did my researches about **smartBCH** it became clear that there is still lots of confusion in our **Bitcoin Cash (BCH)** community what this is all about. I will publish **several guides** to address this issue and make sure **everybody will understand** and **be able to use smartBCH** without having any doubts or questions. At the end of this series we will **create our** **own Token** and **if you follow** this, you will **be able to create your very own Token**! Even if you are very new to Crypto In this first part we cover following things and I will explain it as easy as possible. **What is smartBCH?** https://read.cash/@k1ll1van1ll1/smartbch-for-dummies-1-getting-started-a0cdb64b#what-is-smartbch **Why do we need smartBCH?** https://read.cash/@k1ll1van1ll1/smartbch-for-dummies-1-getting-started-a0cdb64b#why-do-we-need-smartbch **What changes does it bring to BCH?** https://read.cash/@k1ll1van1ll1/smartbch-for-dummies-1-getting-started-a0cdb64b#what-changes-does-it-bring-to-bitcoin-cash **Additional Notes** https://read.cash/@k1ll1van1ll1/smartbch-for-dummies-1-getting-started-a0cdb64b#additional-notes
What is smartBCH? **smartBCH** is a **sidechain** to **Bitcoin Cash** (**BCH**), operating on **Layer 2** of the main **blockchain**. Due to its **Ethereum** (**ETH**) **EVM3 & WEB3** compatibility it opens doors for **DeFi**, **NFT** and many more while still having **any benefits** of the **Proof of Work** (**PoW**) **mainchain** mechanics. They help decreasing inflation with **burning** a part of all **fees**. Did you read stuff like this before and still have no idea what is going on? Lets put it in other words.
**Mr. A** (**Bitcoin Cash, mainchain**) is a forester and he is searching for **Mr. C** (**EVM3 & WEB3, Smart contracs**) to take his wood and build some nice furniture out of it. Unfortunately **Mr. A** is only speaking **Spanish** and **Mr. C** only speaks **Russian**. They can't work together because they can't communicate... this is when **Mr. B** (**smartBCH, sidechain**) arrives. **Mr. B** speaks **Spanish as well as Russian** and is our **middle man** for everything. Of course **Mr. B** can't do everything for free, this is why he get paid a little commision (**fee)** of **Mr. A** and **Mr. C**. Thankfully **Mr. B** is a very wealthy person and decided to always puts his **commision** in a **safe** and never touches it again. (**Token burn**) As we keep it very simple in this #1 part, we get closer into Defi, NFT and smart contracts in general another time.
**Why do we need smartBCH?** Since the release of **Satoshi Nakamotos** whitepaper and the birth of Cryptocurrencies many things changed . **Satoshi** was a mastermind and gave the possibilites to **grow with time** and **smartBCH** is our **time machine.** Without **smartBCH** we are quite limited in usecases. **Bitcoin Cash** still works **perfect** as **Cash** and a **store of value**, but our ecosystem could not grow and adopt to modern worlds needs.
**Bitcoin Cash** is a **coffee shop**, but they **only serve water and coffee**. **No milk, no sugar, nothing.** **smartBCH** is also a **coffee shop**, **they buy** their **water and coffee of Bitcoin Cash**. But **they also offer** to add **milk** and **sugar** to the coffee as well as a **slice of lemon** for your water.
What changes does it bring to Bitcoin Cash? We already covered the **very basics** on a **technical** side, so just look at **the big whole**. More and more people discover the **truth** that **Bitcoin Cash** actually should be called **Bitcoin**. **Satoshi** always **wanted** a **fast**, **low fee**, **peer to peer** (p2p) currency. **Unfortunately Bitcoin is none of that anymore**. It is **slow**, **expensive** and nobody wants to use a slow and expensive p2p currency. This is why there was a fork and **Bitcoin became Bitcoin Cash.** **Bitcoin (BTC)**: slow, expensive, unflexible, **secure**. **BitcoinCash (BCH)**: **fast**, **cheap**, unflexible, **secure**. **BitcoinCash + smartBCH**: **fast**, **cheap**, **flexible**, **secure**. Having that said, **BCH with smartBCH** **combines** the **benift** of currently most valued Cryptocurrencies **Bitcoin & Ethereum**.
With **smartBCH BitcoinCash** can explore more markets, gets a bigger audience and even more possibilities to make it the **P2P Cash our worlds needs and wants**! I am sure Satoshi is watching somewhere, proud of us and disappointed by the Bitcoin Maxis.
If you made it this far, I would like to **Thank you very much**! You mastered the first step in our smartBCH journey. In the **next part** we will **create** our own **smartBCH wallet** and **connect** to the **smartBCH mainnet**. (**Windows & Android**)
Additional notes: At the **end of this series I will make a NFT giveaway** (on smartBCH of course). I don't want to create tasks to be eligable for this giveaway, but I would love to give it away to a group of people that started their smartBCH experience just right here with these guides. **Please subscribe and like if you like my content.** **Leave a comment if you have any questions or suggestions**
**Helpful links:** **Marketcap.cash** **<<<< -- >>>> SmartBCH Charts** **HelpMe.Cash** **<<<< -- >>>> Everything related smartBCH in 1 place** **Fountainhead.Cash** **<<<< -- >>>> Graphical Charts about smartBCH** **Smartscan.Cash** **<<<< -- >>>> Blockchain explorer** **Tuxpaper.nu** **<<<< -- >>>> Token Transfer scanner** https://www.marketcap.cash/ https://helpme.cash/ https://smartbch.fountainhead.cash/grafana/d/GUnTOBGnz/smartbch?orgId=1&refresh=5s https://www.smartscan.cash/ http://smartbch.tuxpaper.nu/
**SmartBCH Homepage** **SmartBCH Telegram** **SmartBCH Twitter** https://smartbch.org/ https://t.me/smartbch_community https://twitter.com/SmartBCH
10 comments
The concept is as such. SmartBCH is indeed the coating to our coffee. Tuxpaper.nu is really helpful. I haven't mentioned it and was planning to, later. Well done.
Looking forward to your Tuxpaper review 😊
It is very simple, I was only going to mention it, as you did.
I enjoyed everything you published so far so please don't let you stop from doing it because I mentioned it. You reach more and other people anyway!
I have already started my SmartBCH journey, but I have a lot to learn. And thanks for the list of helpful links. You've explained it in a very simple way :) Thanks for sharing this!
Maybe you should list ETH features where you list BTC, BCH, and BCH+SmartBCH features?
Yeah I basically did, switchting unflexible into flexible. Will definitly cover this in detail, but I am trying to keep it short and with the most important information, so you dont get tired of reading and can keep all informations given. :)
No, I ETH isn't in the list. I was looking for your take on ETH compared to BTC and BCH in addition to ETH compared with BCH+SmartBCH.
Ahh, now I see where you comming from. Sorry. I will not get to close into ETH, but what will be covered are the interfaces between SmartBCH & ETH. But this is no top priority thing, too technical. My goal with this is to give everyone an idea what is going on with SmartBCH & BCH, on the most simple way but still with keywords you can educate yourself on. I think my main audience with this blog will be people with zero to very little crypto understanding. There are still lots of articles for Crypto folks, I most likely will not repeat this. Your comments are highly appreciated though. Will see how and when I can cover ETH/sBCH.
Good thing I was lost in here... 2 months is far behind already. I would love to follow your articles to learn about how this SmartBCH and how it works.