{"id":4725,"date":"2021-08-04T18:38:16","date_gmt":"2021-08-04T16:38:16","guid":{"rendered":"https:\/\/satt-token.com\/blog\/?p=4725"},"modified":"2022-03-16T16:02:55","modified_gmt":"2022-03-16T15:02:55","slug":"satt-update-2021-sattv-satt-erc20-satt-bep20-what-are-the-advantages-and-disadvantages","status":"publish","type":"post","link":"https:\/\/satt-token.com\/blog\/archives\/4725","title":{"rendered":"SaTT Update 2021 &#8211; SaTTv, SaTT ERC20 &amp; SaTT BEP20: What are the advantages and disadvantages?"},"content":{"rendered":"<p>If you have not read the first episode of this series, <a href=\"https:\/\/satt-token.com\/blog\/2021\/07\/13\/satt-update-2021-2\/\">you can read it here<\/a><\/p>\n<p><span style=\"font-weight: 400;\">During the last months, the SaTT team had to consider and develop several solutions to overcome the rising costs and more following the bull run and the exponential use of the Ethereum blockchain network. SaTTv, SaTT ERC20, SaTT BEP20 these three solutions have their advantages and disadvantages. We will explain all the details to you in this article.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_32 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table des mati\u00e8res<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><label for=\"item\" aria-label=\"Table des mati\u00e8res\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/label><input type=\"checkbox\" id=\"item\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/satt-token.com\/blog\/archives\/4725\/#Summary\" title=\"Summary\">Summary<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/satt-token.com\/blog\/archives\/4725\/#SaTTv_semi-centralized_temporary_solution\" title=\"SaTTv: semi-centralized temporary solution\">SaTTv: semi-centralized temporary solution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/satt-token.com\/blog\/archives\/4725\/#SaTT_ERC20_Ethereum_more_and_more_expensive_pending_Ethereum_20\" title=\"SaTT ERC20: Ethereum more and more expensive, pending Ethereum 2.0\">SaTT ERC20: Ethereum more and more expensive, pending Ethereum 2.0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/satt-token.com\/blog\/archives\/4725\/#SaTT_BEP20_lower_costs_limited_decentralization\" title=\"SaTT BEP20: lower costs, limited decentralization\">SaTT BEP20: lower costs, limited decentralization<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Summary\"><\/span><span style=\"font-weight: 400;\">Summary<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">SaTTv: semi-centralized temporary solution<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">SaTT ERC20: Ethereum more and more expensive, pending Ethereum 2.0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">SaTT BEP20: lower costs, limited decentralization<\/span><\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"SaTTv_semi-centralized_temporary_solution\"><\/span><span style=\"font-weight: 400;\">SaTTv: semi-centralized temporary solution<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Following the rise in Ethereum transaction fees since July 2020, we have developed a solution to reduce costs while remaining on the Ethereum blockchain. This solution made it possible to bring together the many transactions of our smart contracts in just two transactions.<\/span><\/p>\n<p><b>Examples (Ethereum price average: $ 1298; Ethereum fees average: 100 Gwei)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Campaign creation:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Without SaTTv <\/span><span style=\"font-weight: 400;\">\u00b1<\/span><span style=\"font-weight: 400;\">$ 50<\/span><span style=\"font-weight: 400;\"> (400,000 Gas)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With SaTTv <\/span><span style=\"font-weight: 400;\">\u00b1 $ 6.49<\/span> <span style=\"font-weight: 400;\">(50,000 Gas)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Addition of a publication link:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Without SaTTv <\/span><span style=\"font-weight: 400;\">\u00b1 $ 12.98<\/span><span style=\"font-weight: 400;\"> (100,000 Gas)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With SaTTv <\/span><span style=\"font-weight: 400;\">$ 0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Validation of a publication link:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Without SaTTv <\/span><span style=\"font-weight: 400;\">\u00b1 $ 6.49<\/span><span style=\"font-weight: 400;\"> (50,000 Gas)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With SaTTv <\/span><span style=\"font-weight: 400;\">$ 0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Recovery of earnings:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Without SaTTv <\/span><span style=\"font-weight: 400;\">\u00b1 $ 12.98<\/span><span style=\"font-weight: 400;\"> per withdrawal (100,000 Gas)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With SaTTv <\/span><span style=\"font-weight: 400;\">\u00b1 $ 6.49<\/span><span style=\"font-weight: 400;\"> (50,000 Gas)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This solution was to be used while awaiting the Ethereum 2.0 update. This allowed us to test and operate our solution at a low cost. Unfortunately, this technology was not decentralized and did not suit our vision of the project. Therefore, we were in constant search of another solution following our values. This is why we replaced this functionality with the use of the Binance Smart Chain. More details on the SaTT BEP20 are in part 3 of this article.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"SaTT_ERC20_Ethereum_more_and_more_expensive_pending_Ethereum_20\"><\/span><span style=\"font-weight: 400;\">SaTT ERC20: Ethereum more and more expensive, pending Ethereum 2.0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Ethereum has always represented our values, our ambitions.&nbsp;<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4728 size-large\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/08\/0_vyhmf1M_7lP28cIE-1024x440.jpg\" alt=\"BlockchainTrilemma\" width=\"525\" height=\"226\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/08\/0_vyhmf1M_7lP28cIE-1024x440.jpg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/08\/0_vyhmf1M_7lP28cIE-300x129.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/08\/0_vyhmf1M_7lP28cIE-768x330.jpg 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/08\/0_vyhmf1M_7lP28cIE.jpg 1137w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Decentralization, Scalability, Security. These are the three goals of Ethereum and blockchain in general. However, obtaining optimal functioning in the three objectives without neglecting one of the options is one of the major problems of the blockchain. Ethereum 2.0 aims to resolve this trilemma.&nbsp;<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4727 size-large\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/08\/RoadmaptoSerenityFeatured-1024x576.jpeg\" alt=\"RoadmaptoSerenityFeatured\" width=\"525\" height=\"295\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/08\/RoadmaptoSerenityFeatured-1024x576.jpeg 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/08\/RoadmaptoSerenityFeatured-300x169.jpeg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/08\/RoadmaptoSerenityFeatured-768x432.jpeg 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/08\/RoadmaptoSerenityFeatured-1536x864.jpeg 1536w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/08\/RoadmaptoSerenityFeatured.jpeg 1668w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">It is a long, uncertain development process. But Ethereum is, at present, the blockchain offering smart contracts the most reliable and the most used. This is why we want to continue to develop with Ethereum.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Recently overwhelmed by many transactions, especially by the massive evolution of the use of DEXs (Uniswap, Sushiswap, etc.), the transaction fees of the Ethereum network have continued to rise. Ethereum 2.0 aims to reduce these fees significantly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of the significant changes in ETH 2.0 is the switch from Proof of Work to Proof of Stake. Staking started several months ago and the network already has more than 200,000 validators, which is extremely promising for obtaining a completely decentralized network.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"SaTT_BEP20_lower_costs_limited_decentralization\"><\/span><span style=\"font-weight: 400;\">SaTT BEP20: lower costs, limited decentralization<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The Binance Smart Chain was developed to make DApps possible at a lower cost and with optimal speed. Binance Smart Chain works with the Binance Chain network, but is entirely independent of the latter. Therefore, if the Binance Chain were to stop, the Binance Smart Chain could continue to function.&nbsp;<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4726\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/08\/Image2.png\" alt=\"BinanceSmartChainEVM\" width=\"525\" height=\"317\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/08\/Image2.png 910w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/08\/Image2-300x181.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/08\/Image2-768x464.png 768w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">In addition, an ERC20 smart contract that is easy and quick to develop in BEP20, on the Binance Smart Chain. Indeed, it uses the EVM (Ethereum Virtual Machine). All the features offered by the Ethereum network are therefore available on the Binance network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We have therefore adapted our platform to make it compatible with the Binance Smart Chain network. All our smart contracts and our token are consequently available on this network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The only problem with Binance Smart Chain is that it only has 21 validators. This neglects the decentralization of the network. As explained in the blockchain trilemma, it isn&#8217;t easy to achieve all three goals optimally. This is why our significant development is always focused on the Ethereum Blockchain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In conclusion, we quickly abandoned the SaTTv to replace it with the SaTT BEP20. The Binance Smart Chain allowed us to open up to the use of different blockchain networks. The use of our DApp in cross-chain significantly increases our accessibility potential. We are continuing, and we will continue our research and development work on these axes.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you have not read the first episode of this series, you can read it here During the last months, the SaTT team had to consider and develop several solutions to overcome the rising costs and more following the bull [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":4762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[660,664],"tags":[],"class_list":["post-4725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-satt","category-satt-updates"],"_links":{"self":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/4725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/comments?post=4725"}],"version-history":[{"count":2,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/4725\/revisions"}],"predecessor-version":[{"id":11407,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/4725\/revisions\/11407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media\/4762"}],"wp:attachment":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media?parent=4725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/categories?post=4725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/tags?post=4725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}