Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: ShadowCrypto on July 09, 2020, 03:15:01 AM
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well, this news is really good to me, Tether is being tested right now on BCH blockchain, for those who don't knows, the SLP protocol on the BCH blockchain allows to create and use tokens almost the same way is possible on ethereun, but on BCH the fees are really less than ETH to transfers tokens, USDT is not testing the usability on it.
https://news.bitcoin.com/the-popular-stablecoin-tether-is-now-circulating-on-the-bitcoin-cash-network/
"The most popular stable coin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP). At press time there’s only 1,010 SLP-based USDT in circulation, as the firm Tether Limited seems to be issuing small amounts and testing the SLP framework."
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Congratulations Tether, so it's a test of the BCH network after it's available on Ethereum & TRON. Although I don't fully understand the value of this, I hope that this will be a stepping stone for the Tether community to have more opportunities to start a recently forecasted bull run.
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this is rediculous. the Tether project wants to dominate the Usd market and thinks the best way to do that is to print their token on every blockchain platform. from OMNI to ethereum, EOS, TRON and now to BCH. it is getting out of control and all these platform decides when to print token on their own. i am sure tether does not control when and how these platforms print their token. bad news to me.
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This is not bad news for me. Really this is extremely worrying and good news. I know that Tether wants to gain a foothold in the market. To do this they need to print tokens as members of the blockchain. I think the other coins will be under control. But the coin will not control the tether. I hope the blockchain platform will be listed soon.
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According to the press release, Tether has successfully developed its smart contract on EOS, titled "tethertether" and has been validated by EOS Canada. The USDT coin is found to be extremely suitable for peer-to-peer microtransactions on the EOS network, thanks to the authoritative Proof-of-Stake design of the world's 5th largest cryptocurrency.
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If Thether keep it this way &t this rate & do their promising external audit & prove that they are 100% backed up with real USD, we can see all Blockchains implementing Tether into their blockchains & becomes a trade mark (lol) in this crypto industry.
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this is rediculous. the Tether project wants to dominate the Usd market and thinks the best way to do that is to print their token on every blockchain platform. from OMNI to ethereum, EOS, TRON and now to BCH. it is getting out of control and all these platform decides when to print token on their own. i am sure tether does not control when and how these platforms print their token. bad news to me.
Sad, but I think this is a good way to show people that is possible to create token on bch blockchain and the fess are really low a good alternative to eth.