On March 2, 2021, the average fee on the Ethereum network costs around 0.0083 ETH in gas or around $12.89 per transaction. Transaction fees of this caliber have dampened Ethereum-based decentralized finance (defi) applications and Web3 platforms. On February 23, however, crypto proponents were introduced to an alternative solution called Moeing chain. The Moeing chain project aims to provide the same benefits as Ethereum 2.0 scaling solutions but with help from the Bitcoin Cash network.

Moeing chain to Introduce an EVM and Web3-Compatible Sidechain for Bitcoin Cash

Decentralized finance (defi) has been a hot topic in 2020 and into 2021. Defi has also been dominant on the Ethereum (ETH) network, but during the last year, defi has leaked over to a number of other blockchains.

An Ethereum and Web3-Compatible Sidechain Is Coming to Bitcoin Cash
The Moeing chain project introduced itself on February 23, 2021, on Twitter.

For instance, Bitcoin Cash (BCH) proponents have recently welcomed the noncustodial exchange…

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Source: https://news.bitcoin.com/ethereum-web3-sidechain-bitcoin-cash/