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Yeah Private Virtual machine aren't new. Counterparty once had it-softforking smartcontract on bitcoin though it wasn't on a sidechain and suffered support for it didn't use bitcoin as native gas token. Suprised that it now catching on though
RE: Implementing a Truly Decentralized Solidity Smart Contract Capable EVM (Ethereum) Side-Chain to HIVE and the Future Decentralization of the Hive.Loans Chain Moving Forward.