The Exponentiality Of HBD
People tend to isolate their focus. When talking about HBD, over the last 18 months, we tried to uncover the many different directions that things can progress.
In this video I discuss how the different use cases being built could provide exponential growth to the utility of HBD. This is enhanced by the idea of HBD as the transactional coin for the VSC smart contract platform.
▶️ 3Speak
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Yep! Micro transactions and these sustainable fees add up. The volume goes up so does the entire market.
Excellent post again! Love your insight on this!
That sounds like quite interesting and I am looking forward to HBD being used more. Adding in more use cases will always be a good idea but I wonder what will happen to the liquidity of HBD though. We still don't have enough HBD out there yet.
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KoinOS has Smart Contracts on "Mana" aka Ressources Credits basis. Speak Network is attracting lots of interesting people.
Massive development 👏 👏 👏
Good alternative to BUSD
Nice to see projects outside the Hive ecosystem using HBD
Probably the best decentralised atable coin our there ...
Summary:
Taskmaster4450 discusses the potential exponential growth of HBD (Hive Power Dollars) through a new smart contract platform called VSC on the Hive blockchain. VSC will have all transaction fees tied to HBD, leading to a significant demand for HBD in various smart contract operations like NFT creations, gaming, and more. The decentralized nature of VSC involves thousands of nodes, each associated with multiple smart contracts, further increasing the need for HBD. The focus of VSC will be on gaming, NFTs, and applications requiring multisig. The discussion also touches on the future integration of smart contract platforms like dlux and Blocktrades, enhancing Hive's ecosystem and developer capabilities.
Detailed Article:
Taskmaster4450, in this video, delves into the concept of the exponential growth potential of HBD on the Hive blockchain through the advent of the VSC smart contract platform. He expresses his excitement about the innovative Voltaq's VSC, which will integrate as a sidechain into Hive, with all associated transaction fees being denominated in HBD. Taskmaster4450 elaborates on the implications of this decision, emphasizing how all smart contract engagements like NFT creations, transfers, liquidity pools, and in-game asset acquisitions on VSC will necessitate the use of HBD as the transactional currency.
The discussion extends to the scalability of smart contract operations, envisaging millions of transactions that would create a substantial demand for HBD within the VSC ecosystem. He emphasizes the utility of HBD, highlighting its role in funding node operators within the platform. Unlike traditional blockchain setups with a limited number of nodes, Taskmaster4450 foresees VSC supporting thousands of nodes, each handling multiple smart contracts, thereby underlining the vast utility demand for HBD within the ecosystem.
Furthermore, Taskmaster4450 articulates the potential use cases of VSC, focusing primarily on gaming, NFTs, and multisig applications. This strategic focus on specific applications is expected to set VSC apart from other smart contract platforms, enhancing its user base and utility demand for HBD. The discussion also touches upon the advanced security infrastructure of VSC through multisig nodes, contributing to its appeal for developers and users alike.
In addition, Taskmaster4450 hints at the future integration of other smart contract platforms like dlux and Blocktrades into the Hive ecosystem. The integration of these platforms is anticipated to bolster the overall value and utility of Hive's ecosystem, positioning it favorably within the blockchain space. Taskmaster4450 concludes by teasing the possibilities of interoperability among different networks, enabling seamless asset transfers and operations across varied backends, ultimately enriching the user experience and versatility of the Hive ecosystem.
In conclusion, the video serves as an insightful exploration into the transformative potential of HBD within the Hive blockchain, catalyzed by the innovative VSC smart contract platform and the upcoming integrations of dlux and Blocktrades. Taskmaster4450's analysis provides a comprehensive overview of the opportunities and implications of HBD's exponential growth within the evolving blockchain landscape, emphasizing the pivotal role of VSC in driving this significant shift in the Hive ecosystem.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.