news

bitcoin

1 X bitcoin bitcoin =

Thursday

13 May 2021

The Benefits of Coupling Ethereum With Bitcoin Cash: Smartbch Sidechain Testnet Is Now Public – Interview Bitcoin News

The Benefits of Coupling Ethereum With Bitcoin Cash: Smartbch Sidechain Testnet Is Now Public – Interview Bitcoin News


smart summary beta

On Thursday, the Smart Bitcoin Cash team announced the launch of the Smartbch testnet explaining that developers and decentralized app makers can now experiment and develop with the high-performance, EVM-compatible Bitcoin Cash sidechain.

The Smartbch tech lead told our newsdesk about the inner workings of the sidechain that can connect with the Ethereum network.

During the last few weeks, the Smartbch project has been a topical conversation within the Bitcoin Cash (BCH) community.

The reason for these conversations is because the Smartbch team has revealed a project that is EVM and Web3 compatible, but far cheaper in terms of transaction fees.

This is because the Smartbch project is a sidechain built on Bitcoin Cash and it leverages the BCH chain’s lower transaction fees.

Bitcoin.com has reported on the project on a few occasions since it was announced and on April 29, the team has revealed the Smartbch testnet is now live.

The team’s testnet announcement notes that the BCH community has been waiting for this project to go live, and said the project Telegram channel has swelled with members.

The Smartbch team says the concept is the first-of-its-kind sidechain for Bitcoin Cash and there are many benefits BCH offers.

“However, as a sidechain to Bitcoin Cash, Smartbch aims to build a new playground for the Bitcoin Cash ecosystem and enlarge the user base.” Wang Kui the lead developer of the Smartbch further discussed the protocol with Bitcoin.com News this week.

Wang Kui stresses that the protocol provides an EVM and Web3 compatible sidechain for Bitcoin Cash, staking its hash power while utilizing BCH as the native gas-paying token.

What do you think about Smartbch launching its testnet this week and the interview with the project’s tech lead Wang Kui

Goto Full Article

bitcoin bitcoin price

$48781.00

24h

Live Average

bitcoin

News Article Sentiment

positive

Score (0)

Article Metadata

author

site

bitcoin.com
Market data feeds provided by cryptocompare.com
bitsmart 2021