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Friday, 29 October 2021

SmartBCH Questions

  1. Is SmartBCH on the smart-chain just "Wrapped BCH" or is it a separate token?
    1. How is this generated / how is it kept secure from leveraging and printing more, is it contract protected?
  2. If everyhing on-chain is paid for in SmartBCH and SmartBCH is just wrapped BCH, can't the network theoretically run out unless a constant influx of new wrapped BCH is introduced?
  3. Who controls the wallet where the wrapped coins go? Is it secured against manual control?
  4. What are the tx fees on SmartBCH / Contract gas fees?
  5. Which exchanges and/or bridges support smartbch?

It seems like a good idea and project, but rather risky.

submitted by /u/DRKMSTR
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from Bitcoin - A Peer to Peer Electronic Cash System https://ift.tt/3vU0PyR

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