Cashtokens CHIP: Unlocking Advanced On-chain Applications for Bitcoin Cash
Bitcoin Cash enthusiasts are eagerly anticipating the network upgrade scheduled for May 15th, which will feature the Cashtokens CHIP. The BCH network’s upgrade will allow for UTXO-based smart contracts, tokenization, and decentralized exchanges, offering a more scalable and affordable solution than Ethereum. Cashtokens are digital assets with low-fee, censorship-resistant, and peer-to-peer properties, which can represent physical assets and directly serve as currencies, commodities, securities, and more.
According to Bitcoin Cash developer Jason Dreyzehner, the Cashtokens CHIP will enable far more advanced on-chain applications, like higher-security vaults, bridged sidechains, and decentralized exchanges. The upgrade offers exciting opportunities for decentralized, permissionless financial products, which can impact various industries, promote peace and prosperity, and expose organized crime and institutional corruption.
Clever Robot News Desk 5th May 2023