Bitcoin cash won't add sidechains. https://medium.com/@luxushub/why-bitcoin-cash-will-become-the-dominant-bitcoin-in-the-next-month-f42708d60705
And more articles like it. And the thing is the transaction are not recorded on the main chain so it not the peer to peer idea since on it another chain using lightning network and a segwit like chain which does “Transaction compression means data reuse,” Lerner admits, “which means that Lumino higher compression is a tradeoff for lower privacy”.
But do not worry due to the big blocks of bitcoin cash, bitcoin cash can have it own eth killer onchain. https://news.bitcoin.com/counterparty-bitcoin-smart-contracts/
Pretty sure it will be their own counterparty like thing.
Yes, well that's what I was saying, the risk with side chains as with any layer two application is the shifting of all the action to those chains rather than the first or it being used as an excuse to restrict the main chain. As you put it, it's no longer peer to peer.
I hope with larger blocks and much else, it will work a heck of a lot better... preferable would be to do it quite differently and try to do away with the "gas" fees, but that might be hard without any side chain whatsoever.
It works for counterparty they made an on chain eth smart contract system. I am so glad to have a civilized conversation with a bitcoin cash supporter. While i am for core it nice to have some with ideals they cna back up . Thank you!
Well, it doesn't quite work right now with counterparty. That's why some coins have migrated from it to eth20 instead. But it possibly could work a whole lot better.
Same to you =) I'm so tired of the yelling, name calling and brigading everywhere I go. Instead, this is how every conversation should be!
Actually it does work in counterparty. Coins have migrated from it to eth20 instead bc the bitcoin fees. It on chain after all. Since its onchain eth contracts it shares the same btc fees as you would send bitcoins.
Counterparty ideas works best on a low fee on chain platform.
Yes, sorry if that was unclear. I meant because of the network congestion and high fees.
Still, I would love to see a more EOS style advance, if at all possible. (As much as I understand that it would be hard to do and would require some innovative coding) The Ether/Counter party style works, but it's not optimal in terms of user experience and requirements.