RE: Smart Contracts Are Live On Hive
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"are live on Hive" - but they are on second layer. Same with the smart contracts on the Hive-engine which exist since years. So what is the big difference with VSC?
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VSC is L2 yes. Hive Engine does not run generic, custom made smart contracts, whereas VSC does.
Hive Engine doesn't really do smart contracts. They only do tokens and NFTs, there is no way to deploy a custom smart contract. With VSC anyone can deploy smart contract with as much customizable as they'd like
It states they are not base layer. There is a reason for that.
Once you have base layer, it presents potential scalability along with security issues.
VSC is settling on Hive. It is using Hive base layer coins as part of the system. Collateralization by the nodes will be done using HBD. At the same time, to write to Hive, each node requires some HP.