RE: Implementing a Truly Decentralized Solidity Smart Contract Capable EVM (Ethereum) Side-Chain to HIVE and the Future Decentralization of the Hive.Loans Chain Moving Forward.

[klye]

TL:DR;

Ethereum smart contract capabilities are coming to HIVE because Hive.Loans needed to find a way to decentralize their lending contracts. Decided that everyone should be able to use this sidechain and that HIVE will be it's base currency for gas fees.
Any ethereum smart contract code will be able to be deployed to the sidechain with some minor modifications.

All the perks and features of Ethereum at 0.01% the cost. ERC-20 style tokens, mining with HIVE rewards and properly decentralized "DeFi" applications for anyone wishing to use it. Seems like an overall win for Hive.Loans and the community!

Comments

[klye]

Potential Side-Chain Names:

HSC - Hive side chain
EOH - Ethereum on Hive
HOE - Hive on Ethereum
??? - Type your name below!

[marki99]

Since Binance did this with BSC - Binance Smart Chain,

I think it would make sense to call it HSC - Hive Smart Chain so that everyone knows instantly what it is

[dannychain]

HSC would be a great name.

[klye]

What do you mean Hive on Ethereum is a bad name? XD

Yeah I agree though. We might end up going with that.

[hivecoffee]

This sounds amazing