VSC Network is The Next Generation Layer2 Smart Contract on the Hive Blockchain
VSC is the first truly decentralized full featured smart contract system on the hive blockchain funded by @threespeak. While smart contract code & state is stored on IPFS, on chain anchor records are created by validators to synchronize state across the network.
- Transfer $BTC without any fees via VSC Network
VSC Network has invented a feature where a Hive user can transfer Bitcoin to another Hive user in just 15 seconds without any fees. You can use this feature by logging into the VSC website through your Hive account. So there is no hassle of KYC like other exchanges.
In my opinion, this is one of the best initiative on the Hive Blockchain. As a member of the Hive Ecosystem, I don't need other platform to transact $BTC. VSC gives us the opportunity to transfer $BTC between hive wallets. So, with the VSC Network we can transact Bitcoin in a decentralized way.
The world economy is moving towards virtual money day by day. In this situation, the spread of cryptocurrencies has increased worldwide. But exchanging crypto on centralized platforms makes it very easy to get hacked or stolen. There have been many such cases in the past where crypto transactions on centralized platforms have been hacked and millions of dollars have been lost.
In this situation we need decentralized platform for risk free crypto exchange. Moreover, since traders are comfortable doing crypto transactions anonymously, KYC is also a adulterated process. In view of this, VSC Network has invented this great feature through which Hive users can exchange Bitcoins with each other without all these adulterations. What is more interesting is that this transaction will not require any kind of fee. And transaction completion time will be maximum 15 seconds.
Yesterday @threespeak hosted a Twitter space about this new feature. This feature of VSC network and bitcoin transfer is discussed in detail in that space. Moreover, the audience solved their dilemma by asking various questions to the host. You can also know more about this great feature by clicking the link below:-
Also, the audience in the InLeo threadcast gave some variety of views and opinions on the topic. If you want to know about their opinions, you can click on the link below to get ideas from the threadcast.
To use this great feature of VSC network, click on the link below and login via Hive KeyChain. And enjoy fee less Bitcoin transactions on the Hive Blockchain.
That's all for this post. Hopefully you will get some good knowledge about the Fee less BTC transfer using VSC Network from this post. If you want to know anything about the related topic, let me know by your respective comments. I will be coming back with another exciting post soon. Till then stay healthy.
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