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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.

in #hive-dev3 years ago

Leo Finance is working on a hive based DeFi too.
Would be cool if you both defi apps were on the same chain

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There are a number of sidechain products all working on their own take of decentralized contracts. Interesting to see them all come up with their own spin or take on what they consider decentralization.

Honestly just looked at the market and decided against trying to make something "unique" and instead focus on implementing functionality we already know the entire crypto ecosystem is willing to pay good money for as evident by the top 10 coin market cap functionality.

Nobody from Leo has ever approached me in regards to anything development wise but I'd be interested to hear from them to see what their take on doing "DeFi" is.. Mine is simple give us the same tools that the networks that traditionally support "DeFi" and charge our native token for it.

Note that "DeFi" here is referring to those terrible HYIP and PONZI solidty smart contracts they have on Ethereum and BnB or whatever the cool kids crypto on these days. :P

Even if we aren't on the same chain the goal is to be able to build in cross chain bridges quite easily and perhaps even natively support some other side chain tokens off the hop. We'll see here shortly once my dev partner and I get out testnet started here locally. :)

Gotcha. Though cross-bridges are a pretty hard thing to do. Often many of these cross-bridges either new a unique extra code language that both chains need-Cosmos and Polkadot or use a POS/collateral secured relay i.e renbtc or tbtc. If there are plans, just know it pretty hard to "bridge out" with a common code relay. Anyways Best of luck!

Depends on whatever crazy block output the connecting chain has.. If it's something machine readable in a consistent and known format that can be spat out then it's pretty easy to pick up with another system.

Hell, it wouldn't be impossible to have a smart contract on HSC to do nothing but act as a gateway or access point for other sidechains.. That is the beauty about doing it the custom EVM route.

Hell you could use any ledger that these sidechains can get data out to really. even something like IPFS could be used to send stuff across chains. As for natively supported alternative tokens going to have to see what I can come up with.. have a few ideas but won't know for sure if they'll work as planned till I have a whack at it.