On August 22 the creator of the Yours network, Ryan X Charles, announced his blockchain based media platform is switching over from litecoin to bitcoin cash. The team only in the near past switched from the legacy bitcoin chain to litecoin as a result of the protocol’s inability to system micro-transactions.
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The Yours network Switches from Litecoin to Bitcoin money for more affordable Micropayments
This week Ryan X Charles shocked the cryptocurrency group with a brand new announcement. The creator of the Yours network explained his construction team determined the other day they’d be going “full on-chain” with the bitcoin money protocol. Yours is a social media software that offers micro-charge incentives for content equivalent to articles with images, reports, audio, and video.
When Charles published the delicate launch of Yours two months ago, he pointed out he had issue with micro-transactions on account of bitcoin’s charges. After the smooth launch, the building group determined to make the most of litecoin with the platform to lessen network costs and created a much better adventure for clients. Charles changed his intellect again and says he’s excited to change to bitcoin money because it will permit all of the “product experiments we’ve been dreaming of.”
“We’re going to be the largest enterprise on bitcoin cash in three weeks,” explains Charles.
‘reducing Code Complexity with the aid of occurring-Chain’
Following the announcement, information.Bitcoin.com reached out to Charles and asked him why they switched from litecoin to bitcoin money. “Litecoin has charges of about 5 cents and no plan to scale on-chain,” Charles explains. “Litecoin will eventually face the equal difficulty as bitcoin.
We spent over a 12 months developing a trustless charge channel community akin to the Lightning network apart from it’s not stylish on Segwit. We’ve realized that we are able to dramatically in the reduction of our code complexity by using occurring-chain with bitcoin money.
We then requested the Yours developer if the platform’s clients will see a bitcoin money implementation in three weeks. “you’ll see it plenty ahead of three weeks,” Charles details. besides retaining the platform on-chain, the developer explains that the Yours protocol can in the reduction of its code size with the aid of as a minimum 10x. “We were capable of archive our micro-payments system – we don’t at present need it on BCC. we are able to broadcast our transactions on-chain with low costs, even just one cent,” Charles tells news.Bitcoin.com.
The Yours Creator needs Bitcoin the best of luck
As for bitcoin and the protocol’s upcoming Segwit implementation the Yours developer says he hopes all of it works out.
“we want them the better of good fortune. unfortunately, bitcoin fees are too costly for us, even with price channels, since the charge of onboarding and offboarding clients is too excessive,” Charles adds.
What do you believe in regards to the Yours community imposing bitcoin money in its place of litecoin? let us know within the comments below.
pictures via Shutterstock and Yours.
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