After years of building at the frontier of blockchain interoperability, VSC is evolving.
Today, we’re proud to announce our rebrand to Magi Network (Magi)!
A change that reflects our mission and our vision for a truly inter-connected crypto ecosystem.
(pronounced “MAH-jai” — /mæ-dʒai/)
We have chosen the name "Magi" because what it does feels almost otherworldly: a single command, and walls between chains vanish. 🧙♀️
The focus of VSC has always been bridging divides between blockchains, between users, between the possibilities of decentralized finance and the realities of everyday use. Our early work laid the foundation for scalable, trust-minimized, and user-first infrastructure that aims to abstract all complexity for every day crypto use while providing developers tools to realize their own vision.
That foundation has now matured into Magi Network, a protocol designed to eliminate barriers between chains, simplify developer access, and make cross-chain experiences feel as seamless as traditional finance. Magi brings together the ideas we’ve developed at VSC and refines them for the next era of crypto.
The shift from VSC to MAGI marks the moment we stop explaining how it works, and start showing what’s possible.
With this rebrand our original goals and utility we are bringing to the table do not change:
Native, non-custodial cross-chain swaps. No centralized bridges, no third-party risk.
Unified access to multi-chain assets through your own self-custodied wallet of choice!
Native Asset Mapping (NAM) — any wallet address can hold or send tokens from any other blockchain for 0 fees, lightning fast.
WASM smart contracts with built-in wallet interoperability that let developers reach users across Bitcoin, Hive, DASH, Litecoin, Ethereum, and more, allowing them absolute freedom in terms of not having to be tied to 1 blockchain, to 1 user base, to 1 source of liquidity.
The next killer app can only ever exist on a protocol that lets everyone in crypto interact with it all at the same time.Fast, feeless transactions for users, and scalable liquidity systems for builders.
MAGI makes interoperability real, secure, sovereign and effortless. Every feature of Magi is designed to make what was once friction, disappear 🧹, turning the scattered world of blockchains into a single, flowing experience.
The Implication of the Rebrand
The shift from VSC to MAGI is more than a change in name it’s the crystallization of a long-term vision.
We’re entering a phase where cross-chain and interoperability isn’t just an aspiration, it is becoming the standard. MAGI exists to make that future possible on Hive.
The future of cross-chain is here!
Created by three wise men :-)
The three wise magi
Are you just trying to please Gandalf? ;)
yes
Good name, not seeing any similar ones on coingecko!
Let's hope zing also remains the same until we're more available to outsiders!
Well what am I going to do with my @v4vapp.vsc account now! 😂
Congrats and yes I think Magi is a better name, VSC doesn't really explain itself.
You can still call it vsc. It's technically still the "virtual smart chain" but now it is Magi
Magi is good should I give it a slogan....
"Choose Magi & Be Wise Like Magi" 😁
Yes I suppose this is a good move by the team and shows their commitment to the vision also
🔥
Let’s goo😎!!
How Hive get benefitted by Magi?
In many ways.
Hello, World!
Hello, Magi! How are things going?
Its going magically. 😎
It's "Hello Magi"
Good luck
🔥
Amazing, just amazing include me in the test drive
🧙♀️
Well done guys. Lovely logo. Great name. Very cryptoy
Testing it out 🤓🧙♀️
The name change from VSC (Virtual Smart Chain) to a new one (Magi) is good, since there also exists another VSC on Hive (which is the "Visual Shots Coin" on #HiveEngine that belongs to the Visual Shots community here on Hive). 🤓
MAGA? 😀
Great name choice, it's cool.
Thanks for the update and good luck with the project.
Some questions from a retard. Will it still use HBD for transactions, or was it some early day stuff and has been replaced?
WASM is cool, but I saw a lot of WASM chains fail in the past because not much love of devs. It is smart and efficient, but also means a lot of code must be rewritten to WASM ( at least what I saw).
What is the mechanism of NAM? I saw that the VSC dude wrote a lot about it. Most stuff did sound weird to me. It would be cool if you could explain it like talking to a IQ below 50 dude.
Some dapps are out to test? Like a uniswap/ dex style of thing?
Overall, pretty cool Good job!
Yes!
This is definitely consideration and we will take a look into options to further decrease the developer onboarding cost. However, it is worth noting our primary customers are end users and less so dapps for the short term future. As the project grows it'll become easier to bring in developers.
https://altera.magi.eco
I like the end-user approach. For this to work out nice it needs to be hardcore finance since everything is built around it.
Massive liquidity is needed, I would say min $1M in a Hive/ HBD pool + some in a BTC Pool. Since the price is low, it could compound fast with traction.
Something like that would be a good foundation; maybe DAO can add a large part of it ( like protocol-owned liquidity.
Some off topic, what about a zk liquid hive version on magi? That would be kind of cool.
What do you mean by this?
zk-SNARK for a liquid hive token ( since privacy is not a bad thing)
It's possible to do that, though it is one of the never ending list of things we could do with the protocol.
haha, yeah. IDk if this will have any priority. I did pitch it to blocktrades 2 or 3 years ago about HBD/Hive having a shielded version too ( on native chain).
Since is cool to send around money, but also bad everyone knows how much anyone has. Zero-knowledge proof is IMO a Cornerstone tech that should be implemented in any Blockchain that wants to scale beyond.
These days, privacy tech got some attention again btw.
Anyway, think about A privacy Stablecoin ( HBD) and Hive. That's cool and super useful.
But now beyond this. As far I see Maggi now, it's the financial layer of Hive ( pretty cool, since it was really needed).
Finance + social ( freedom of speech) is nuts. Now add privacy to it. This looks to me like the triangle of success.
With ZK native on Maggi, it could do something no other chain offers: shield other tokens. Like Bitcoin, Solana or whatever it's on.
To be ahead of the curve it's something that should always be in mind to add.
Max freedom tech and all on one chain ( that was something i thinking about for years, what hive could be).
IDK how this could work from tech to add a shield to Pools too.
Since you are the big brain and I am only an Idea guy maybe you know haha
Btw thats also cyberpunk spirit. Maybe a hackerton with some reward money could be launched for that. With the Keyword privacy. To get eyeballs from right ppl ( outside of hive) + devs that might stay.
Like build a clear vision for those ppl want to follow ( max freedom).
I understand you can build anything, haha. So that might be a good way.
I did forget to add, For HBD shield it could be 3 days withdrawal time, which would allow pay the 15% yield to a dev fund for example or covering some costs. What would be IMO a cool feature for it to finance it. Or add an incentive for ppl to shield for some yield but liquid ( maybe 40% of it).
Let's make THE MAGI CULT 🥷
It's different, Taste Bhi, Health Bhi🙂
what happened to you guys? I haven't heard anything since the 11/11 delay. Even on Twitter everything is silent. Hope everything is fine - an update would be nice!
Did you maybe check the posts that were posted after 11.11?
We have a discord where you can ask any questions you might have.