I didn't understand the technical part very well, but I thank you very much for these updates. If I understand correctly, the developers are trying to bring smart contracts into the HIVE blockchain, is that right?
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VSC is working on that, yes. This will allow for token creation along with other services.
The first contract appears to be the wrapping of BTC (creating a wBTC) and an exchange to swap it for HIVE.
Thanks for this further clarification
Correct! In the form of VSC we are bringing L2 smart contracts to HIVE. We need this technology on the underlying L1 to better support our L2 approach.
I really think that's what's missing on HIVE. This is a great thing for the HIVE ecosystem