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What is smartBCH?

Smart Bitcoin Cash, commonly known as smartBCH, functions as a sidechain for Bitcoin Cash, aiming to drive innovation and broaden the horizons of blockchain technology. It integrates effortlessly with Ethereum's EVM and Web3 API, providing increased throughput for decentralized applications (DApps) while emphasizing speed, security, and decentralization. SmartBCH is designed with a short block interval to effectively support DeFi applications, achieving a remarkable throughput of up to one billion gas every 15 seconds, thus making DeFi more accessible to a larger audience at low costs. Developed from the ground up, it employs numerous low-level libraries to leverage the full potential of hardware, especially its inherent parallelism. In addition to these features, smartBCH rewards Bitcoin Cash miners and holders by allowing them to engage in the election of Smart Bitcoin Cash validators through their hash power and locked coins. The platform also establishes trustless, non-custodial two-way pegged gateways, facilitating secure bidirectional transfers of BCH while accommodating various sidechains tied to Bitcoin Cash. This cutting-edge architecture not only enriches the ecosystem but also fosters active community involvement and collaboration in the advancement of decentralized finance. Overall, smartBCH represents a significant step towards a more interconnected and efficient blockchain experience.

What is Sovryn?

Sovryn prioritizes high security standards by conducting regular audits through various auditors and implementing a comprehensive bug bounty program. Moreover, the platform aims to enhance decentralization by introducing more secure oracles in the future. To mitigate the risks associated with undercollateralized loans, an insurance fund is established, which receives 10% of the interest earned. Staying true to one of the fundamental principles of decentralized finance, Sovryn focuses on interoperability and the development of open-source software. Users can effortlessly transact using bitcoin directly from their wallets, which ensures a smooth experience. All transactions occur on the bitcoin blockchain via the RSK bitcoin sidechain, providing an additional layer of security. As a decentralized margin trading platform, Sovryn eliminates the need for KYC or AML checks, allowing users to maintain their anonymity. This approach empowers users to lend and trade without the necessity of handing over their private keys to a centralized authority. By emphasizing user control, Sovryn guarantees that your keys, coins, and overall control are solely yours. Additionally, borrowers can utilize their bitcoin to create margin trading positions, effectively borrowing bitcoin from lenders to enhance their trading capabilities. This innovative structure cultivates a vibrant and user-driven trading atmosphere, fostering a sense of community among participants.

Media

Media

Integrations Supported

Bitcoin
BenSwap
Bitget Wallet
DEX Screener
Ethereum
Kryptos
MetaMask
MistSwap
MuesliSwap
Prompt.Cash
Rabby
TangoSwap
Telegram
hop.cash

Integrations Supported

Bitcoin
BitcoinOS
Rootstock

API Availability

Has API

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS
Android
iPhone
iPad

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub

Company Facts

Organization Name

smartBCH

Date Founded

2021

Company Website

smartbch.org

Company Facts

Organization Name

Sovryn

Date Founded

2020

Company Website

www.sovryn.app/

Categories and Features

Blockchain

Not specified

DeFi Projects

Not specified

Web3

Not specified

Categories and Features

Crypto Lending (DeFi)

Not specified

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