Hello Guys,
I am coming with an amazing news for Hive community members. Now you can transfer bitcoins as micropayments to each other's Hive wallet without any fees. And this transaction will take maximum 15 seconds. Yes, you heard right. VSC Network has come up with such an innovative feature. In this post I will share some basic ideas and my opinion on this topic. I am gonna highlight 3 points.
- What is VSC Network
- How the BTC Micropayment works
- My opinion about the feature
What is VSC Network?
VSC Network is a Next generation Layer2 smart contract on the HIVE blockchain. It is the first truly decentralized full featured smart contract system on the hive blockchain. While smart contract code & state is stored on IPFS, on chain anchor records are created by validators to synchronize state across the network. VSC will power the next generation of NFTs, games, cross chain transfers, DEXs and use cases not previously thought of. Smart contracts will be able to utilize a range of APIs from basic read/write APIs for modifying state to interacting with advanced on chain operations.
~ Answer collected from VSC Network
How the BTC Micropayment works
We know that all platforms require some amount of fees for Bitcoin transfers. But VSC Network has developed a system where one hive user can transfer small amount of bitcoins to another hive wallet without any fees. Here you can wrap your $BTC and use the Hive Blockchain to send it instantly and feelessly to others who have signed up for it. You just need to sign up there with your hive-keychain and you can able to transfer little amount of wrapped $BTC to others. Using this feature you can gift $BTC to others, organize giveaways and make micropayments in exchange for any work.
- To signup in the VSC Wrap BTC transfer Click on the link below 👇
https://wrap.vsc.eco
@threespeak hosted a Twitter space to discuss the system in detail. There experts analyze about it and give correct idea about how to use it. If you want, you can replay the space to know more about this micro payment.
- Click the link below to replay the Twitter Space
https://twitter.com/i/spaces/1rmxPMjLEMjKN
My opinion about the Service
To be honest, I am so glad to get such service to transfer $BTC without any fee. Even it's a proud moment for me as a Hive member. With Hive Blockchain, we are constantly connected to new technologies. It is a success story for us. But I think the website needs some more improvements. It would be better to have an option of login through HiveSigner.
Posted Using InLeo Alpha
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