High gas fees are killing/have killed many Dapps, games and so on... DeFi on the Ethereum mainnet is eating everything... this is the reason why we studied 0xbitcoin contract and created BNbitcoin, mined BEP-20 token on Binance Smart Chain: even if if it more centralized (consensus is based on 21 validators) gas fees for mining are acceptable now (0.25/0.30 USD) furthermore we restored the same difficulty adjustment period originally designed by Nakamoto (2 weeks) and max target to 2^224... BSC stress tests have been recently performed when volumes became higher than eth mainnet without increase of gas costs...
Exactly. High gas fees is what's killing most tokens on the ETH blockchain. It makes no sense to mine 0xBitcoin on the Ethereum blockchain when fees are high and transaction confirmation times are utterly slow. Luckily, the 0xBitcoin smart contract code is open source. Anyone can port this code into other blockchain networks with ease. I'm glad to know that we have an alternative to 0xBitcoin on the Binance Smart Chain. This restores 0xBitcoin's vision of bringing Bitcoin to the smart contracts world. I think it's better to have Bitcoin as a mineable token on a smart contract platform than a "wrapped" version which can't be mined at all. Both 0xBitcoin and BNBitcoin represent an upgraded version of Bitcoin for the world. Whenever they'll experience mainstream adoption or not, it's yet to be determined.
Nonetheless, it's good to know that it's possible to mine tokens right from the ETH blockchain. Right now, ERC-20 and ERC-721 tokens are the major driving force of Ethereum because they're the "hype of the moment". We could see other mineable ETH tokens in the future if more developers join the game. I'd like to see the day where we have a mineable version of Litecoin, and Dogecoin living on a smart contract platform like ETH, BNB, or ADA. This will mark a new era for crypto reducing the need to launch a blockchain network from scratch. The future lies on PoW and PoS tokens built into smart contract platforms for true interoperability. Who knows how popular 0xBitcoin will become by then? Just my opinion
