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BiblePay Current Discussion / Re: BiblePay | 10% to Orphan-Charity | RANDOMX MINING | Sanctuaries (Masternodes)
« Last post by Rob Andrews on March 22, 2024, 08:31:30 PM »I'm pretty excited about the next release as what we are gaining, imho is pretty big.
With the next feature, we will have Arbitrum ERC20 wallets built into unchained (derived from the BiblePay keys).
This means you can send and receive in ARB to any metamask in the world, instantly.
But even bigger than that, the transactions will be confirmed IN A BLOCK in 1 second.
That is absolutely amazing (better than lightning network (because those are limited by endpoints and are not settled in BTC blocks immediately), and better than instantsend transactions as those are locked in mempool, but not mined).
So what this means to a layperson is:
You can buy $100 of BBP on an exchange.
You can atomically swap this to $99.99 of ARB immediately.
You can send the $99.99 to a friend in India on a metamask wallet in 1 second.
The friend in India can immediately (1 second later) spend it in any uniswap pool or any exchange (ARB is settled in every currency and on every exchange).
So this basically boosts BBP to having the equivalent of hundreds of exchanges that we dont have.
Obviously this is just the beginning of our use cases as some may wonder, then, why do I need BBP at all if I can use ARB?
The answer is BBP will still provide permissions, NFTs, orphan sponsorships, deflationary emissions, sanc mining, gospel videos, phone service, social media services, file storage on sidechain, and financial services.
Without BBP what you have is a very hard to use interface (think ERC-721 contracts, APIs, Web3 interfaces, and a limited number of DAPPs). With BBP you will have the ease of use, and we tithe 10% to orphan charity.
There will be a clear case for BBP+ARB so let me put together a matrix on that asap.
Im very excited about the next NFT release. These new NFTs do everything we promised, and even more exciting they lock the ARB funds in using "programmable money", something we have not experienced yet on our L1 chain.
With the next feature, we will have Arbitrum ERC20 wallets built into unchained (derived from the BiblePay keys).
This means you can send and receive in ARB to any metamask in the world, instantly.
But even bigger than that, the transactions will be confirmed IN A BLOCK in 1 second.
That is absolutely amazing (better than lightning network (because those are limited by endpoints and are not settled in BTC blocks immediately), and better than instantsend transactions as those are locked in mempool, but not mined).
So what this means to a layperson is:
You can buy $100 of BBP on an exchange.
You can atomically swap this to $99.99 of ARB immediately.
You can send the $99.99 to a friend in India on a metamask wallet in 1 second.
The friend in India can immediately (1 second later) spend it in any uniswap pool or any exchange (ARB is settled in every currency and on every exchange).
So this basically boosts BBP to having the equivalent of hundreds of exchanges that we dont have.
Obviously this is just the beginning of our use cases as some may wonder, then, why do I need BBP at all if I can use ARB?
The answer is BBP will still provide permissions, NFTs, orphan sponsorships, deflationary emissions, sanc mining, gospel videos, phone service, social media services, file storage on sidechain, and financial services.
Without BBP what you have is a very hard to use interface (think ERC-721 contracts, APIs, Web3 interfaces, and a limited number of DAPPs). With BBP you will have the ease of use, and we tithe 10% to orphan charity.
There will be a clear case for BBP+ARB so let me put together a matrix on that asap.
Im very excited about the next NFT release. These new NFTs do everything we promised, and even more exciting they lock the ARB funds in using "programmable money", something we have not experienced yet on our L1 chain.