{"id":10309,"date":"2021-07-31T21:54:03","date_gmt":"2021-07-31T21:54:03","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/eth-compatible-bch-sidechain-smartbch-successfully-launches-three-nodes\/"},"modified":"2021-07-31T21:54:03","modified_gmt":"2021-07-31T21:54:03","slug":"eth-compatible-bch-sidechain-smartbch-successfully-launches-three-nodes","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/eth-compatible-bch-sidechain-smartbch-successfully-launches-three-nodes\/","title":{"rendered":"ETH Compatible BCH Sidechain Smartbch Successfully Launches Three Nodes"},"content":{"rendered":"

The day before the fourth Bitcoin Cash anniversary, the Smart Bitcoin Cash team (Smartbch), announced the project has launched three nodes as genesis validators. Smartbch disclosed that Btc.com, Viabtc, and Matrixport are participating and the project has officially started its voting period.<\/strong><\/p>\n

Smartbch Fires up Smart Chain\u2019s Genesis Validators<\/h2>\n

For quite some time now, the Bitcoin Cash (BCH<\/a>) community has been patiently waiting on the development of the Smartbch project<\/a>. The reason for this is because Smartbch could unlock massive potential between Ethereum (ETH)<\/a> and Bitcoin Cash.<\/p>\n

The protocol could bolster decentralized finance (defi) on Bitcoin Cash and be compatible with the second largest crypto asset in terms of market capitalization. Bitcoin.com News first reported<\/a> on Smartbch during the first week of April and interviewed<\/a> the project\u2019s lead developer 15 days later.<\/p>\n<\/p>\n

By the end of the month, Smartbch launched the testnet<\/a> publicly and which gives developers and decentralized app makers the ability to experiment and develop with the high-performance, EVM-compatible Bitcoin Cash sidechain. Now Smartbch has now fired up its engines with three nodes acting as the genesis validators.<\/p>\n

The three Smartbch<\/a> nodes are operated by Viabtc, Matrixport, and Btc.com. \u201cSmartbch is now in its first voting period,\u201d the project\u2019s announcement explains. \u201cMore validators will be elected by SHA256 miners and will take on the duty in the future.\u201d<\/p>\n

\u201cWe have spent two more months in development than the original estimation to finalize the data structure of MoeingADS and to implement SEP101<\/a>, SEP206<\/a>, and Transaction Reorder<\/a> onto Smartbch,\u201d the Smartbch development team adds.<\/p>\n

\u201cMoeingADS is the underlying storage engine for the world state, which is very hard to change in hard forks,\u201d the Smartbch devs say. \u201cEthereum\u2019s underlying storage engine MPT has never modified its data structure since the beginning. MoeingADS is now strong enough to support 51K TPS<\/a> and can support Smartbch\u2019s growth for many years without changing its primary data structure.\u201d<\/p>\n

<\/p>\n

Focusing on a Secure Cross-Chain Bridge<\/h2>\n

The Smartbch team says the project will take a lot of time to make the protocol robust. During the last few weeks, the developers noticed a number of defi projects that suffered from exploits and it was due to cross-chain bridge vulnerabilities.<\/p>\n

The Smartbch<\/a> team aims to strengthen the Bitcoin Cash sidechain\u2019s cross-chain gateway so it is very secure and powerful. \u201cIt will take security as the priority and be audited by the community,\u201d the Smartbch team says.<\/p>\n

\u201cThe launch is a solid step in Smartbch\u2019s long journey,\u201d the project\u2019s creators conclude. \u201cWe invite everybody from the BCH<\/a> community to use it and help its growth. We\u2019ll soon provide some guides for BCH<\/a> holders to try it and transfer a limited amount of coins cross-chain through the current simple gateway.\u201d<\/p>\n

What do you think about Smartbch launching three nodes for genesis validators and the focus on the cross-chain bridge? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nTechnology, BCH, BCH Community, BCH Compatibility, bitcoin cash, bitcoin cash BCH, Bitcoin Cash Sidechain, blockchains, BTC.com, cross-chain bridge, ETH compatible, EVM, Genesis Validators, Matrixport, Smart Chain, Smartbch, Smartbch devs, Smartbch team, three nodes, ViaBTC, voting period<\/p>\n","protected":false},"excerpt":{"rendered":"

The day before the fourth Bitcoin Cash anniversary, the Smart Bitcoin Cash team (Smartbch), announced the project has launched three nodes as genesis validators. Smartbch disclosed that Btc.com, Viabtc, and Matrixport are participating and the project has officially started its voting period. Smartbch Fires up Smart Chain\u2019s Genesis Validators For quite some time now, the…<\/p>\n","protected":false},"author":0,"featured_media":10310,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-10309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10309"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=10309"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/10310"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=10309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=10309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=10309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}