Hi everyone! VSC is introducing great tools for new developers to join Hive and enabling current ones to integrate seamlessly. But it doesn't stop there; it also opens up new possibilities for current Hive users who want an easier way to manage their funds.
In this update:
- Wrapped Bitcoin allows for moving funds in and out of Hive using Bitcoin
- Access to the cross-chain market is facilitated
- Staked HBD will serve as resource credits on VSC
- VSC development complements LeoDex and V4Vapp, enhancing the overall value of Hive
The average Hive user may not be a developer, but that doesn't mean they can't benefit from VSC. One of the features VSC is bringing, and Vaultec was excited to announce, is Wrapped Bitcoin. A test was conducted previously with demo Bitcoin, allowing people to transfer it to others quickly and without fees, and it's set to go live for everyone soon.
HBD will also have a use case on VSC, allowing users to obtain resource credits by staking it. This won't be necessary for every user due to the RC delegation system, but it will be required for users wanting to perform larger transactions, such as creating NFTs.
With Bitcoin pools and access to its liquidity, there will also be access to the cross-chain market. This is crucial in reducing the influence centralized exchanges (CEXs) have over Hive. These efforts complement LeoDex and V4V's initiatives to integrate Hive into the broader crypto market.
Posted Using InLeo Alpha
Pretty cool to see VSC bringing Wrapped Bitcoin and HBD use cases to Hive. This could simplify transactions and expand options for us beyond traditional exchanges. The grind is bringing results no doubt. Nice work brother
VSC and Vaultec... Definitely you can't miss a week in crypto. I must study, lol. Thx for the wrap up
thankyou it helps me who new in leo community when i know nothing about crypto thingy
Thats nice it really help