Smart Contracts Coming on BCH

in busy •  6 years ago 

So it seems Wormhole (WHC) has made it possible to implement the smart contracts on BCH through the OP_RETURN opcode based on the Omni Layer protocol.

Whitepaper: http://wormhole.cash/whcwhitepaper.pdf
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If BCH adds smart contracts before BTC its gonna make it a pump i assume. Remember that for anon leverage trading BitMEX is the spot

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Wow! Good to hear that sounds interesting

Is Wormhole a separate coin or just an added layer on Bitcoin Cash?

Both.

So you have to buy smart contracts ?

  ·  6 years ago (edited)

No but for bch smart contracts kinda. There will be this Proof of burn kinda like ICO but no one gets the money instead the money gets burn.
The token will give you this:
The newly created Token requires a 1WHC hand fee. Hand handling fees will be burned directly, the total supply of WHC Give a reduction. Creating a Token requires computing resources, in order to prevent the Wormhole node from being maliciously attacked. Hit, only receive the WHC hand fee 2. Large amount of address transfer. For example, sending a Token to all addresses that have a certain Token, such an operation Need to traverse all the addresses, so you need to pay for the WHC as a hand fee 3. Smart Contract's Gas 4. Other transactional operations, or other types of operations that are identified as having a DoS risk

Shitty failed before and just creates a token unplugged from bch. Conflict on interest...
Bitcoin has better platforms ie RSK,Counterparty(2019), RGB and Omni(the thing they are forking lol)
I like RSK and RGB which are more bitcoin plugged but even more scalable at 100ktps

BCH getting ready to 🚀

Pretty cool move by bch @kingscrown

Thanxx for giving news

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Thanxx for giving news

Posted using Partiko Android

Highly rEsteemed!

BCH Please.png

Holy shit! I havn't really owned BCH before but I can buy it just for the pump. Would be a difficult decision though, I don't really want to touch my Bitcoin and Ethereum anymore than I have to.
But this is kind of a big deal........... decisions, decisions!

Did you mean the same technology in which ether is working. Will.it help bitcoin cash to grow. I have holding in this coin but it's wayyyy down since the I purchased.

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@kingscrown
BCH is struggling alot but will come back . they need to work fast to add smart contracts.

  ·  6 years ago (edited)

I had very low expectations for BHC, but a year after the fork it's a top five coin. Seems like there's something to it after all, although I don't see how it fits into the crypto ecosystem except as a BTC challenger.

Thank you for your sharing information!!
following you too :)

Technically BTC has smart contracts as well, but they removed the OP_Return opcodes.

BTC COULD have smart contracts, but devs explicitly stated they don't want to support them

They never said that. Bitcoin already has smart contracts RSK which is out and Counterparty will have it again in 2019

  ·  6 years ago (edited)

No it still has smart contracts,opt codes are just for onchain smart contracts. RSK is a smart contract bitcoin platform with max 100K tps.
Counterparty semi onchain aka subchain could do smart contracts but they turned it off due to security issues.
Oh and the Ln can have complex smart contracts as well.

wow !

thanks :)

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'스파'시바(Спасибо스빠씨-바)~!

OMGosh! I've got a lot of learning to do! Can someone provide me some good links for what a smart contract is and its advantages? Thanks.

great!!!!!!!!!!!!!!!

BCH is a good coin but my experience is not good:(