Re: [CBT] CommerceBlock Decentralised Financial Infrastructure
What is the usage of CBT? what kind of services?
We offer variety of services for businesses, from managing public sidechains and all the orchestration to trading and commerce tools on top of these sidechains, CBT is the token used to pay for these services.
What is the usage of these sidechains?
I think the sidechains can be private if required by the customers. They can create tokens on it and have more control over everything this way. The customers would pay in CBT for the services (sidechains, smart contracts etc)
This is my understanding. Please correct me if wrong
So why not just use ERC20? the issuer can still control the smart contract.
There are several advantages for issuing tokens on public sidechain vs ERC20 in many use cases.
1. Flexibility and control: in some markets there is heavy regulation and compliance required (AML/KYC), the ability to control the sidechain in certain conditions is mandatory by regulators.
2. Efficiency: sidechain fees model is flexible, owners can use their own native token or bitcoin or CBT as a "gas", the fees are set to make it competitive, and since this POS based rather POW, it's much cost effective.
3. Interoperability: CommerceBlock sidechains will be interoperable with bitcoin and ethereum blockchain (CBT token)