How do we all feel about new EVM chains like smartBCH?

As more and more cryptocurrencies appear, there seems to be a trend lately to skip recreating the wheel and just creating an EVM and porting over established projects to these new EVMs. The most recent being smartBCH.

Many of the original crypto currencies (Litecoin, Dogecoin etc) were code forks of Bitcoin. Is this more of the same trend?

Would you rather invest in a coin that seems to completely innovate and have a novel new approach from scratch or do you think it is better to use a battle tested system that has years of development behind it already?

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28 thoughts on “How do we all feel about new EVM chains like smartBCH?”

  1. Gotta love the comments. Bots, shilling, etc. The usual. But fuck. We never clean up this shit and it turns into a wasteland of zero value.

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  2. EVM compatibility is just a liquidity grab. That’s why I like solana and Kadena and ergo that use different coding language making them more secure

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  3. I am using smartbch.

    Very good evm with low fees. This space is very early and fresh, but has huge potential and I’m hooked.

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  4. I’ve never dabbled in DeFi much. But since SmartBCH tx are so cheap and I already have BCH. I tried it and now I provide some liquidity and earn a bit. Quite nice

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  5. SmartBCH is reliable. No downtime unlike Solana and Polygon that are heavily funded with billions of dollars. With a small TVL but steady growth and support from a rising community it can attract attention in the wider crypto community.

    With low gas fees ($0.03) it allows anyone to use DeFi, and NFTs.

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  6. Not a fan of copy and paste EVM solutions really. It’s almost like we’re expecting a video game crash such as atari, but videogames didn’t have greed so we will see new projects continue to get funded and rugpulled for all of time.

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  7. GOBlins, GOBlins, GOBlins. SmartBCH is great. Very cheap fees for nft’s and small cap trading. [Goblins.cash](https://Goblins.cash) is leading the defi2.0 scene in sBCH. BlockNG is changing the landscape of what an entire tokenomic-ecoystem produces and burns native tokens to keep a cap on total supply in check, all the while having the staking ability with NFT’s and games (dungeon) with the same NFT’s. Too many projects to mention but everyone should check out smartBCH!

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  8. Dxsale just added support for smartbch lately. And being the largest launchpad of shitcoins it’s gonna give smart BCH a huge ecosystem soon.

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  9. Some projects that build new concepts completely from scratch choose to support EVM to make it easier to onboard users and developers. They also offer other VMs too. I think flexibility is a good thing.

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  10. It seems to be a good strategy, theres already tested code out there; the main risk with smart contracts is poor code being hacked. Bch is also focussed on ‘use as money’ which fits well with financial contracts. Original bitcoin (as is the other one, im not interested in arguments about which one is *real bitcoin* ), well tested chain, low fees and a dedicated open source development process. All it needed was a smart contract layer.

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  11. My point of view is that these off shoots are money grabs or temporary solutions to a lack of scaling security and decentralization in every layer 1 smart contract platform out there. These new chains are simply there to buy time before long term a secure decentralized and scalable network emerges, which is where monolithic chains will fail and chains like Ethereum and it’s scaling strategy will prevail.

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  12. EVM isnt especially secure, it also has many drawbacks like poor parallelism, MEV etc.

    Copying such a thing seems to me like just a means to try an d PnD a coin.

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