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Thursday, 12 August 2021

SmartBCH - Rushing out a centralized implementation

https://smartbch.medium.com/the-progress-on-the-cross-chain-bridge-c3745c4b1487

The developers are now busy in studying feasibility and safety of SHA-Gate, with coding and implementation followed soon. We invite the BCH community to help us review and refine SHA-Gate. Before SHA-Gate is ready for deployment, smartBCH will use a semi-centralized bridge operated by CoinFLEX.

I'm not sure how to feel about this. I want to see SmartBCH launched, but having the bridge run through a centralized exchange is antithetical to what I believe in and what this community has stood for. The SmartBCH team has sacrificed security and decentralization to get a product out.

There is no timeline for how long SmartBCH will need to use the CoinFLEX bridge. And according to the teams blog post, the feasibility of SHA-Gate still needs to be tested. Is this a road we want to go down?

submitted by /u/gucciman666
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