RE: Smart Contracts Are Live On Hive

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.