Cointime

Cointime

Download App
iOS & Android

With Cash Tokens, Bitcoin Cash Forms A Blockchain Economy

A whole new economic model will become reality on top of Bitcoin Cash with the May 2023 upgrade.

Cash Tokens will herald a new age for Bitcoin Cash, with a permissionless P2P economic model highlighting the most robust decentralized blockchain.

Bitcoin Cash with Cash Tokens enhances its smart contracts functionality and evolves into a modern platform to support financial services with the permissionless and privacy features of the UTXO model of Bitcoin Cash.

Asset tokenization, either financial or digital/physical objects, will become a normalized procedure.

Cash Tokens leverage the high-performance capabilities of the Bitcoin Cash blockchain to bring tokenization and decentralized markets.

Smart Contracts And Tokenization On Bitcoin Cash

Bitcoin Cash sustains a superior P2P electronic payments network.

The robust blockchain functions in a decentralized procedure with several developing parties to deliver a working and scalable version of Bitcoin.

Bitcoin Cash: P2P Electronic Cash

Bitcoin Cash combines all the required elements of P2P Cash:

  • Ease of use (fast and user friendly interfaces of services/wallets)
  • Cheap to use (low fees, even zero if possible)
  • Secure (transactions performed via secure channels)
  • Permissionless
  • Borderless &
  • Trustless
  • Decentralized
  • Uncensorable
  • SCALABLE

Bitcoin cash, with all these features combined, delivers the top P2P money system with the ability to achieve global adoption.

Cash Tokens on Bitcoin Cash

With Cash Tokens, Bitcoin Cash further enhances its capabilities by combining robustness with smart contract capabilities.

Bitcoin Cash with Cash Tokens supports several types of markets for asset tokenization on the blockchain.

  • prediction markets (trades of contracts based on the outcome of future events)
  • token markets (DEXs for Cash Tokens)
  • identity systems
  • tokenized stocks (for companies and shareholders with dividends distribution)
  • derivatives markets
  • loyalty credits (consumer rewards, rebates)
  • tickets (for events, flights)
  • gift cards and merchandise credit (for issuing retailers)
  • permissionless stablecoins

How Cash Tokens work:

Ethereum successfully popularized smart contracts with a blockchain offering an account-based ecosystem.

Cash Tokens will bring a different approach from Ethereum’s account system, which hasn’t been utilized by any UTXO-based blockchain before.

“Funds are sent to a new contract in every transaction output, so the system never reuses “accounts”, even if you re-use an address.” - Jason Dreyzehner

Bitcoin Cash will capture a small part of the value each token creates in the form of BCH fees.

The Cash Tokens upgrade reached consensus in November 2022 and will be integrated with the May 2023 upgrade.

The first developments in support of Cash tokens are underway:

JeDEX — Joint-Execution Decentralized Exchange

JeDEX is a demo of an entirely serverless non-custodial exchange operating on the Bitcoin Cash blockchain. It will allow contract exchange for Cash Tokens, stablecoins, and options like derivatives.

Closing Thoughts

The money aspect of Bitcoin Cash presents a case of robust performance and long-term sustainability. Still, there are threats and conditions of volatility that reduce the purchasing power of Bitcoin Cash and the rest cryptocurrency users.

Bitcoin Cash enjoys stability for the third consecutive year.

No more contentious forks and toxic divisions, but a community united towards achieving meaningful adoption and developing the blockchain with an innovative and professional approach.

Price performance depends on several factors in this unstable and manipulated market. If the cryptocurrency market comes to its senses, it will support the communities that build even during the bearish cycle.

However, nobody can guarantee that developments will produce better prices. Thus, there is no financial advice here. Only adoption and an increase in Bitcoin Cash transactions can fix this part.

The Cash Tokens upgrade suggests a pivotal moment for Bitcoin Cash, but we shouldn’t expect an immediate effect on the price. The new development indicates the long-term vision of improving and innovating, respectful to the core ideals of the whitepaper.

With Cash Tokens, Bitcoin Cash is laying the foundations for a P2P economic model with the ability to host any financial instrument in a permissionless and borderless environment.

Bitcoin Cash Bitcoin Cash $466.36
+6.36%
Bitcoin Cash Crypto Blockchain
Comments

All Comments

Recommended for you

  • Cointime May 4th News Express

    1. Hong Kong Bitcoin Spot ETF has held 4,218 BTC since its listing three days ago

  • Blockchain Asset Management announces launch of a dedicated blockchain fund for accredited investors

    Blockchain Asset Management, a cryptocurrency fund with a scale of $100 million, announced the launch of an exclusive blockchain fund for qualified investors. The specific amount of funds raised by the fund has not been disclosed yet, but it is said to have reached "eight figures", which means it is in the tens of millions of dollars. In addition, the investment threshold for the new fund is $100,000, and all investors are required to meet the approved standards (annual income exceeding $200,000, net assets exceeding $1 million).

  • Renault's BWT Alpine F1 Team announces partnership with ApeCoinDAO

    The BWT Alpine F1 team under Renault announced a partnership with ApeCoinDAO on X platform, which will introduce APE into the Alpine F1 ecosystem and collaborate with global token holders to launch peripheral products and digital assets inspired by the first ApeCoin. It is reported that according to the cooperation between the two parties, in the future, BAYC NFTs may be able to wear equipment and clothing with the Alpine team logo.

  • BTC breaks through $63,000

    The market shows BTC has broken through $63,000 and is currently trading at $63,014.9, with a daily increase of 6.11%. The market is volatile, so please exercise caution in risk management.

  • The total gas consumption on the Base chain exceeds 10,000 ETH

    According to the blockchain analysis platform Dune Analytics, the total gas consumption on the Base chain has exceeded 10,000 ETH, reaching 10,839.5062 ETH at the time of writing (equivalent to over $33.6 million at current prices). The average gas usage amount is about $0.1754 per transaction (0.000059661 ETH), and the total number of blocks has reached 13.41 million, with an average transaction volume of about 14.63 transactions per block. In addition, the data shows that the total transaction volume on the Base chain has exceeded 196.2 million, with over 8.366 million users and over 184 million user transactions at the time of writing. Furthermore, the total number of contracts created on the Base chain has exceeded 64 million, reaching 64,056,573 in the current period.

  • A wallet received 2,000 ETH from Alemeda/FTX

    As monitored by The Data Nerd, 6 hours ago, wallet 0xaEa received 2,000 ETH (approximately $6.23 million) from Alemeda/FTX. Within a week, it received a total of 8,000 ETH (approximately $24.71 million) from Alameda and deposited 6,000 ETH into Binance.

  • A single transaction with a transaction fee of up to 1.5 BTC appeared on the Bitcoin chain

    According to on-chain data tracking service monitoring , there has been a single transaction on the Bitcoin network with a transaction fee as high as 1.5 BTC, worth about $100,254. It is reported that the sender of the transaction is an address starting with "bc1p4n" and the recipient is an address starting with "bc1pqv".

  • 2 wallets deposited 211 billion SHIB into Coinbase within 10 hours

    According to The Data Nerd's monitoring, within 10 hours, 2 wallets (with the same amount of SHIB) deposited a total of 211 billion SHIB (about 5.16 million US dollars) into Coinbase. These wallets accumulated these SHIBs last week, and if sold at the current price, it would cause a small loss (about 120,000 US dollars).

  • USDT issuance on TON chain reaches $100 million

    According to official data, the issuance and circulation of USDT on the TON chain has reached 100 million US dollars, making TON the fastest-growing blockchain for Tether USDT issuance in Web3 history.

  • USDC circulation decreased by $200 million in the past week, with a total circulation of $33.1 billion

    According to official data, Circle issued a total of 2.8 billion USDC and redeemed approximately 3 billion USDC in the past 7 days, resulting in a decrease in circulation of approximately 200 million USDC. The total circulation of USDC is 33.1 billion US dollars, with a reserve of 33.2 billion US dollars, including approximately 3.4 billion US dollars in cash, and Circle Reserve Fund holding approximately 29.8 billion US dollars.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company