Hive is now EVM compatible, thanks to VSC.
Introduction
The VSC team has been busy cooking up some amazing things the past few weeks. We’ve made great progress toward building out some of the core components of the network as we move forward with our vision. We’re bringing a full-fledged smart contract platform to Hive that will radically change what users can do and build on the blockchain.
Imagine a future where you can use Hive directly with your metamask wallet.. Oh wait! You don’t have to! In the past few weeks, the team have been heavily testing VSC's native EVM wallet compatibility. This means that any EVM user can own Hive/HBD with by simply pressing a button.
Why does EVM wallet compatibility matter?
While you might be asking yourself “why does this matter if the entire point is to give them a Hive account”, well yes and no. Not all users will want or need to create a Hive account. Especially for first time users, creating a Hive account is a jarring experience even with some of the best tools. The majority of blockchain users would prefer to use already familiar tools such as metamask. Reducing the friction of onboarding new users is critical in the success of Hive and VSC.
For non-Hive users coming to VSC, the process is extremely simple. Simply login using your Metamask wallet like any other EVM chain or L2. Compared to needing download Hive Keychain, create a wallet, backup keys and finally setup your wallet, this process is very straight forward and familiar for those within the EVM ecosystem. This happens without the need to create a Hive account at any part of the process. Additionally, sending Hive/HBD to an EVM wallet is trivial.
VSC is creating a better onboarding experience for new users by adding a whole new class of ownership for existing Hive/HBD. In the future, we plan to add the ability for EVM wallet users to create content on Hive as well. Say goodbye to the need for multiple different wallet applications for your every-day needs!
What about transaction fees?
One of the biggest concerns that users may have with using their EVM wallet is that they may incur transaction fees (gas fees). Of course, no one wants to deal with having to buy a separate token just to pay a transaction fee. This greatly increases the amount of friction when trying to get started with a new platform. Enter VSC.
With our technology, all transactions are gas-free. This means that even though you are using an EVM wallet to send a transaction, you won’t need ETH (or other tokens) to pay for fees. You will just send, sign the transaction, and then those assets are sent to the receiving wallet. This works both ways, as well, so users can easily move funds back and forth from their Hive wallet and EVM wallet.
While transactions on VSC are gas-free, transactions do require Resource Credits. Resource Credits don’t cost anything, and only require you to have some amount of HBD in your wallet prior to performing a transaction. We recommend checking out our previous post below that explains everything you need to know about Resource Credits on VSC. In the current stage of the VSC network, RCs are not required, but we will enable that requirement in the future.
Sounds cool on paper… but even cooler on the blockchain!
We are excited to showcase all of this publicly, but even before that our team has been testing VSC transactions using EVM wallets. These are the first-ever transactions between an EVM wallet and a Hive account! We successfully sent HIVE to an EVM wallet, and then sent that HIVE back to a Hive wallet. History has been made.
In this transaction, @vaultec was able to send 10 HIVE straight to an EVM wallet. Currently, this is done with a custom Memo including the EVM wallet address, but our UI is going to handle this part for the user.
After successfully sending HIVE to an EVM wallet, we went ahead and tested the withdrawal function. Here you can see the withdrawal of 1.5 HIVE from VSC that was held in the EVM wallet. How cool is that?!
Example VSC Transaction being signed using Metamask. Transfering Hive from an EVM wallet to another Hive account.
These are just small steps toward an incredible future for Hive that we are excited to be building. Join us along the way with these updates as we build the future of Hive. Be sure to check out more of our articles below.
More articles:
- HBD Staking on VSC
- Choosing HBD for VSC
- Next phase of VSC Hive Smart Contracts and V4V Joint DHF Proposal
This is amazing! Can the public use it now? or is it yet to be released?
It's usable for developers. We are working on frontend integration which we will demo. While it is usable, we wouldn't advise using it until it's properly tested to be "safe" for everyday users. Please only test using small amounts of Hive/HBD.
Such an awesome contribution to the Hive ecosystem. Thank you sir.
This is awesome!
I can totally imagine a time where using metamask someone is able swap between hive/hbd and other evm coins like eth itself
Let's delve into the Builda whale farm on the Hive, Gogreenbuddy, who is also colloquially known as the Marky mark USAINVOTE UPMYVOTE IPROMOTE and 100's more if not thousands this individual has asserted that his intentions behind this initiative are driven by a desire to contribute positively to the community. Now, let's explore what he is earning on a monthly basis from this venture. income is said to be generated through the use of multiple alternative accounts, which he utilizes to cast votes in favor of his own shit content. The community seems to have mixed feelings about this practice many are scared to speak up.
Are you ready to delve deeper into this topic and uncover more insights? If so, let's proceed. It's time to wake up and gain a clearer understanding of the situation at hand.
Buildawhale
Curation Rewards
The Marky mark
Curation Rewards
https://peakd.com/@themarkymark/activities
Usainvote
Curation Rewards
https://peakd.com/@usainvote/activities
Apeminingclub
Curation Rewards
https://peakd.com/@apeminingclub/activities
Gogreenbuddy
Curation Rewards
https://peakd.com/@gogreenbuddy/activities
On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out
We want to address the issue of downvoting. It has caused pain to many people, and we want to make sure it doesn't happen again reply to @jacobtothe
On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out
We hope that those who genuinely care about Hive will reconsider their actions, as continuing down this path could inadvertently harm innocent users who are unaware of these issues
lol the Marky mark keeps dreaming
There's been a notable increase in frustration and concern among many users
Reply 2 @crimsonclad You may consider yourself clever
Reply to @crimsonclad
Consider revising the value plan, as it's not providing significant benefits to HIVE
The Value Plan, as it stands, seems to be a one-sided relationship with the HIVE platform, where the benefits are one-way
Actions indeed speak louder than words, a fact we've all observed individuals may talk a good game, a whole lot of shit, but their actions often expose their genuine nature LOL
We consider it unwise to engage in harmful actions, even if you think you can escape the repercussions
https://hive.blog/politics/@jacobtothe/re-bpcvoter1-shjdc8
The Hive Police aka Hivewatchers, are the real heroes of Hive LOL, aren't they?
Feast your eyes on Hive's trending page, what a load of trash
LoL it's the Hivewatchers Hive Police, dishing out orders like a bakery LOL! Folks, do what you want with your Hive power, just as you please. And you, Hivewatchers, downvote away, but remember, judgment day's coming
Harry fam We're just here, laughing at the shenanigans on Hive! Sure, our content's getting downvoted, but hey, it's all part of the game LOL
https://hive.blog/hive-158694/@hivewatchers/shhnhs
adm [-]
meesterboom [-]
steemcleaners [-]
jacobtothe [-]
logic [-]
chekohler [-]
b00m [-]
celestegray [-]
citizensmith [-]
sazbird [-]
technicalside [-]
bagpuss [-]
vxn666 [-]
spaminator [-]
meestemboom [-]
ihal0001 [-]
tillmea [-]
meesterleo [-]
meesterbrain [-]
unclefunker [-]
and 1 more
https://hive.blog/hivewatchers/@bpcvoter/shqkqc
On Hive, there's a user who frequently burns a significant amount of Hive LOL with his own accounts
How To Fool An Entire Population
it's so, so concerning to see Blocktrades delegating 2+ million Hive power to Buildawhale, and Buildawhale is downvoting legitimate content
We began sharing factual information following unwarranted downvotes on Hive it's all in the transactions
Upon examining our posts, you will notice they have been downvoted, and we've been labeled as scammers and spammers, which we find amusing. We consistently share new content
Once again, we ask why is our legit content being downvoted on Hive and what is the reason behind it. Hivewatchers ADM spaminator steemcleaners guiltyparties logic
We have Hive witnesses farming Hive, self-voting, operating comment farms, and self-funding projects with community resources
https://peakd.com/@themarkymark/activities
https://peakd.com/@buildawhale/activities
https://peakd.com/@blockheadgames/activities
https://peakd.com/@hiveauctions/activities
https://peakd.com/@gogreenbuddy/activities
https://peakd.com/@meritocracy/activities
https://peakd.com/@gogreenbuddy/activities
https://peakd.com/@jacobtothe/activities
https://peakd.com/@usainvote/activities
https://peakd.com/@leovoter/activities
https://peakd.com/@usainvote/activities
https://peakd.com/@upmyvote/activities
https://peakd.com/@apeminingclub/activities
https://peakd.com/@punkteam/activities
Posted using Bilpcoin
!INDEED !WEED !PGM LUV !PIZZA !PIMP !ALIVE !CTP !BBH !VSC !INDEED !HOPE
Does it mean we will soon be able to swap Hive to EVM-based tokens like DAI or USDC and vice versa using Metamask?
We are working on that in the long term future.
That's so cool! Now, let me find the vote button for your DHF proposal.
You're doing an awesome job, thanks 🙏
https://peakd.com/proposals/303
Look no further
Voted! 😁
This has to be the coolest thing to come to hive in a long long time
!INDEED
hopefully it will happen soon :)
(17/25)
@splinterjuice! @curamax Totally agrees with your content! so I just sent 1 IDD to your account on behalf of @curamax.
(html comment removed:
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Thank you!
This is a really cool project from my little understanding.
Incredible!!! I must say this is a bold step that will announce Hive ecosystem. I was also thinking of how gas fees will be inconveniencing but you guys have pulled out a wonderful solution. Kudos
This is really awesome sauce. I created my wallet address yesterday. First time doing something with github. !BBH !hiqvote
@vsc.network! @chaosmagic23 likes your content! so I just sent 1 BBH to your account on behalf of @chaosmagic23. (10/20)
(html comment removed:
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Let's get the word out about this, outside of HIVE.
Maybe on X?
https://twitter.com/KennyCrane/status/1827458288226549896
ReTweet me or make your own Tweets? It's up to you. :)
i have commented about it a few times on x its been on my mind lately with how some of the things could be used to create some cool stuff on hive.
Magicians doing their magic 💪🏼
!BBH !DUO
You just got DUO from @caspermoeller89.
They have 1/1 DUO calls left.
Learn all about DUO here.
@vsc.network! @caspermoeller89 likes your content! so I just sent 1 BBH to your account on behalf of @caspermoeller89. (2/20)
(html comment removed:
)
who is going to bare the evm server cost if there is no gas fees?
VSC network will have it's own incentivization structure for network operation.
I'm very curious about the method used to move Hive tokens to an EVM wallet without the need for any expenditure other than the Resource Credits required to do so. This could be the gateway to many other DEFI projects and exchanges between other cryptocurrencies in EVM.
VSC acts as the layer between Hive and EVM compatible wallets, and thus we can set the expectations for RCs/fees. Other cryptocurrencies in the EVM ecosystem is being looked at.
This could be huge for hive if it can integrate with evm chains etc would give us a shot at being something bigger.
Would inject a lot of good sentiment which gets people to promote it and coinciding with a hopeful bull run it could send hive kareening. I mean were a low cap ecosystem and if we get significant inflows we I wouldn't be surprised if we pumped to a few dollars again depending on how much this has a impact.
Wow, things are really moving fast now. I'm thinking that the no gas fee will be a game changer for EVM users. I'm assuming the no gas will only be for Hive and HBD. If so, I can see Hive and HBD as being very popular if people want to send assets to other wallets. If the conversion fee to Hive/HBD is less than the gas fee they will incur for transfer, then it is logical to just do the Hive/HBD and do the transfer through VSC.
I wouldn't say it's a game changer for EVM users, but for potential Hive users, definitely.
agree it will be a game changer for hive and makes me actually bullish on the ecosystem as having that capability has long been a huge detractor from hive.
They are great updates, but, if I wanted to do a transaction with my Metamask on what network would it be done on, or what network would I add?
This may have already been said in another post, but I'm at a loss.
It would be done on VSC/Hive. There is no need to add an extra network within metamask, it works out of the box
Great, I understand, quite simple, thank you very much for clarifying.
Let's delve into the Builda whale farm on the Hive, Gogreenbuddy, who is also colloquially known as the Marky mark USAINVOTE UPMYVOTE IPROMOTE and 100's more if not thousands this individual has asserted that his intentions behind this initiative are driven by a desire to contribute positively to the community. Now, let's explore what he is earning on a monthly basis from this venture. income is said to be generated through the use of multiple alternative accounts, which he utilizes to cast votes in favor of his own shit content. The community seems to have mixed feelings about this practice many are scared to speak up.
Are you ready to delve deeper into this topic and uncover more insights? If so, let's proceed. It's time to wake up and gain a clearer understanding of the situation at hand.
Buildawhale
Curation Rewards
The Marky mark
Curation Rewards
https://peakd.com/@themarkymark/activities
Usainvote
Curation Rewards
https://peakd.com/@usainvote/activities
Apeminingclub
Curation Rewards
https://peakd.com/@apeminingclub/activities
Gogreenbuddy
Curation Rewards
https://peakd.com/@gogreenbuddy/activities
On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out
We want to address the issue of downvoting. It has caused pain to many people, and we want to make sure it doesn't happen again reply to @jacobtothe
On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out
We hope that those who genuinely care about Hive will reconsider their actions, as continuing down this path could inadvertently harm innocent users who are unaware of these issues
lol the Marky mark keeps dreaming
There's been a notable increase in frustration and concern among many users
Reply 2 @crimsonclad You may consider yourself clever
Reply to @crimsonclad
Consider revising the value plan, as it's not providing significant benefits to HIVE
The Value Plan, as it stands, seems to be a one-sided relationship with the HIVE platform, where the benefits are one-way
Actions indeed speak louder than words, a fact we've all observed individuals may talk a good game, a whole lot of shit, but their actions often expose their genuine nature LOL
We consider it unwise to engage in harmful actions, even if you think you can escape the repercussions
https://hive.blog/politics/@jacobtothe/re-bpcvoter1-shjdc8
The Hive Police aka Hivewatchers, are the real heroes of Hive LOL, aren't they?
Feast your eyes on Hive's trending page, what a load of trash
LoL it's the Hivewatchers Hive Police, dishing out orders like a bakery LOL! Folks, do what you want with your Hive power, just as you please. And you, Hivewatchers, downvote away, but remember, judgment day's coming
Harry fam We're just here, laughing at the shenanigans on Hive! Sure, our content's getting downvoted, but hey, it's all part of the game LOL
https://hive.blog/hive-158694/@hivewatchers/shhnhs
adm [-]
meesterboom [-]
steemcleaners [-]
jacobtothe [-]
logic [-]
chekohler [-]
b00m [-]
celestegray [-]
citizensmith [-]
sazbird [-]
technicalside [-]
bagpuss [-]
vxn666 [-]
spaminator [-]
meestemboom [-]
ihal0001 [-]
tillmea [-]
meesterleo [-]
meesterbrain [-]
unclefunker [-]
and 1 more
https://hive.blog/hivewatchers/@bpcvoter/shqkqc
On Hive, there's a user who frequently burns a significant amount of Hive LOL with his own accounts
How To Fool An Entire Population
it's so, so concerning to see Blocktrades delegating 2+ million Hive power to Buildawhale, and Buildawhale is downvoting legitimate content
We began sharing factual information following unwarranted downvotes on Hive it's all in the transactions
Upon examining our posts, you will notice they have been downvoted, and we've been labeled as scammers and spammers, which we find amusing. We consistently share new content
Once again, we ask why is our legit content being downvoted on Hive and what is the reason behind it. Hivewatchers ADM spaminator steemcleaners guiltyparties logic
We have Hive witnesses farming Hive, self-voting, operating comment farms, and self-funding projects with community resources
https://peakd.com/@themarkymark/activities
https://peakd.com/@buildawhale/activities
https://peakd.com/@blockheadgames/activities
https://peakd.com/@hiveauctions/activities
https://peakd.com/@gogreenbuddy/activities
https://peakd.com/@meritocracy/activities
https://peakd.com/@gogreenbuddy/activities
https://peakd.com/@jacobtothe/activities
https://peakd.com/@usainvote/activities
https://peakd.com/@leovoter/activities
https://peakd.com/@usainvote/activities
https://peakd.com/@upmyvote/activities
https://peakd.com/@apeminingclub/activities
https://peakd.com/@punkteam/activities
Posted using Bilpcoin
!INDEED !WEED !PGM LUV !PIZZA !PIMP !ALIVE !CTP !BBH !VSC !INDEED !HOPE
of course there is a ton of this going on and they down vote content to get more rewards for themselves like they dont self vote thank god they got defunded i think by the DHF without funding i wonder how many people would stick around and do that job hopefully none or better ppl replace them that actually do it right and not corruptly for personal gain and slam ppl then for doing as they do.
@bpcvoter2, sorry! You need more $IDD to use this command.
The minimum requirement is 50.0 IDD balance.
More $IDD is available from Hive-Engine or Tribaldex
@bpcvoter2, sorry! You need more $HOP to use this command.
The minimum requirement is 1.0 HOP balance.
More $HOP is available from Hive-Engine or Tribaldex
Awesome work! Can't wait to see what will happen next :)
This is an amazing update! We are excited to test it out when it becomes available for public testing. Kudos to your team and thank you for the things you do for Hive 😉
This is an impressive development.
#shortsegments
I saw your #shortsegments and came here. This is a great development on Hive.
#1000fans
Very interest. Good to hear that Ethereum users will soon understand the power of Hive.
Wow!
This is a important innovation on Hive.
Thank you for all your doing.
Do you have a Hive Development Proposal I can vote for and encourage our community to support?
#innovation
.
#development
.
#shortsegments
Yes!
https://peakd.com/me/proposals/303
Wow great innovation.❤️
insane on the blockchain
insane on the chaiiiiin
This is great and will totally be using this would be something i would even pay for to have the ability to use if it offers a premium version with say more features.
Congratulations @vsc.network! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 300 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPImpressive. When does it go live?
It's already live!
Oh, couldn´t find a link, and on the website it was also not obvious.
https://wrap.vsc.eco <--- Please note it may break at any time
Thanks, I will give it a try, btw, isn´t there someth missing?
Why not a link to your Hive-account??
What site is this on?
https://vsc.eco/details#contracts
Actually this link here does link to our hive account.
interesting, but why this logo?
Typically used to indicate a blog regardless of what platform.
OK, thanks. Wasn´t aware.
Wow this is fantastic feature
Hello vsc.network!
It's nice to let you know that your article won 🥇 place.
Your post is among the best articles voted 7 days ago by the @hive-lu | King Lucoin Curator by szejq
You and your curator receive 0.0107 Lu (Lucoin) investment token and a 9.22% share of the reward from Daily Report 401. Additionally, you can also receive a unique LUGOLD token for taking 1st place. All you need to do is reblog this report of the day with your winnings.
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STOPor to resume write a wordSTART