Advantages over other chains
Transaction fees agnostic to computation: The primary hurdle in anticipating DeFi use cases on the BTC network lies in the issue of gas fees. Consider the scenario where executing a for loop from 1 to 100 could potentially result in $1000 worth of gas fees. This challenge is effectively addressed by the SatsChain protocol. We utilize smart indexers to compute and store the definitive state of the program. Consequently, while the entirety of the code and transactions reside on-chain, there is no associated computational expense.
Economical computation: In light of the inherent attributes of the most costly and secure blockchain network, it is inevitable that transactions involving heavy computation will entail substantial gas fees. This challenge has been effectively mitigated by SatsChain through the implementation of transaction-agnostic fees, as previously mentioned. Additionally, this approach renders it economically viable for users to develop and pioneer intricate use cases atop the native Bitcoin layer.
Integration with Existing Wallet Infrastructure: Facilitating the creation of new contracts or invocation of contract methods seamlessly integrates with the pre-existing infrastructure that supports ordinals. Furthermore, ongoing endeavors are in progress to construct an explorer tailored for exhibiting the balance of designated SCN tokens. Looking ahead, wallets stand poised to potentially integrate SCN token balances, thereby augmenting usability and accessibility to a greater extent.
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