RE: Implementing a Truly Decentralized Solidity Smart Contract Capable EVM (Ethereum) Side-Chain to HIVE and the Future Decentralization of the Hive.Loans Chain Moving Forward. by klye

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Viewing a response to: @taskmaster4450/re-klye-qpnzr8

hive-dev · @klye · Mar 8 '21

Aye man. I apologize for not making it easier to digest, often forget that not everyone has the terminology in their heads that I do.. Will try to make it more user readable and less tech jargon in the future here.

The big takeaway from this though is that if all goes well there is NOTHING (other than some development time) stopping us from launching our own version of Ethereum or Binance Chain that uses HIVE instead of ETH or BnB for gas fees.


Could you imagine ERC-20 tokens here on HIVE? I can and I did and that is part of the reason the back end of Hive.Loans will live on a decentralized EVM capable sidechain that is powered by HIVE instead of a proprietary token.

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@taskmaster4450 · Mar 8 '21

That part I caught.  LOL

And it is truly exciting.  If that can be pulled off, which you believe it can, that is truly revolutionary.  We will be able to leverage what is here to much greater heights.

This is really welcome news.

A Hive Side Chain that provides all that Ethereum and BSC do.

That will be amazing.

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@klye · Mar 8 '21

I'm 100% it can be pulled off. While not 100% a ETH or BnB clone most of the code is already written. It's now just simply a matter of back engineering ETH to run on HIVE and we're off to the races.

Some minor details like how addresses work and whatnot will likely get tweaked eventually as well but for the start the focus will be on getting EVM to work with HIVE.. Once that is done there will be literally no reason for us to use ETH anymore as we'll have all the functionality of it here on HIVE, paid for with HIVE, supporting HIVE. :)

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