The day before the fourth Bitcoin Cash anniversary, the Smart Bitcoin Cash team (Smartbch) announced that the project has launched three nodes as Genesis validators. Smartbch announced that Btc.com, Viabtc and Matrixport are participating and the project has officially started its voting phase.
Smartbch launches Smart Chain’s Genesis validators
The protocol could strengthen the decentralized funding (defi) of Bitcoin Cash and be compatible with the second largest crypto asset in terms of market capitalization. Bitcoin.com News first reported on Smartbch in the first week of April and interviewed the project’s lead developer 15 days later.
By the end of the month, Smartbch had publicly launched the Testnet and offers developers and decentralized app manufacturers the opportunity to experiment and develop with the powerful, EVM-compatible Bitcoin Cash sidechain. Now Smartbch has started its engines with three nodes that act as Genesis validators.
The three Smartbch Nodes are operated by Viabtc, Matrixport and Btc.com. “Smartbch is now in its first coordination phase,” says the project’s announcement. “Further validators will be chosen by SHA256 miners and will take over the task in the future.”
“We invested two months longer than originally estimated in the development to complete and implement the MoeingADS data structure SEP101, SEP206, and Transaction reordering on Smartbch, ”adds the Smartbch development team.
“MoeingADS is the underlying storage engine for the world state, which is very difficult to change in hard forks,” say the Smartbch developers. “The underlying storage engine MPT from Ethereum never changed its data structure from the start. MoeingADS is now strong enough to support it 51K TPS and can support the growth of Smartbch over many years without changing the primary data structure. “
Focus on a safe cross-chain bridge
The Smartbch team says the project will take a long time to make the protocol robust. In the last few weeks the developers have noticed a number of Defi projects that suffered from exploits due to cross-chain bridge vulnerabilities.
That Smartbch The team aims to strengthen the cross-chain gateway on the Bitcoin Cash sidechain so that it is very secure and powerful. “Security has priority and is checked by the community,” says the Smartbch team.
“The start is a solid step on the long journey for Smartbch,” conclude the project’s makers. “We invite everyone from the BCH Community to use it and support its growth. We’ll be making some guides available soon for BCH Owner to try it out and transfer a limited number of coins across chains via the current simple gateway. “
What do you think of Smartbch launching three nodes for Genesis validators and focusing on the cross-chain bridge? Let us know what you think on this matter in the comments below.
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