CryptoTC
Crypto Fat Cat
Coindesk article today.
One Year Later, A Wave of Apps Is Emerging on Bitcoin Cash - CoinDesk
Right now apps such as Gitcash for tipping and Memo.cash for users to post short messages stored on the BCH blockchain are somewhat basic, but smart contracts, tokens and more could roll out on the BCH blockchain. Interesting developments after the contentious hard fork last year creating the new chain with larger blocks.
Some random excerpts:
Looking through the applications that have sprung up, it's clear that those drawn to bitcoin cash are trying to carve out a unique role for the cryptocurrency – one that aligns with the initial value proposition touted.
Many of the applications target users with cheaper, faster payments, like Blockpress, a social media platform, and Centbee, a wallet that uniquely integrates a user's phone list.
But there's also some work being done to make bitcoin cash a more complex blockchain, able to handle smart contracts and token launches.
———————————-
And a couple weeks ago, cryptocurrency mining giant Bitmain released a proposal for adding a token mechanism to bitcoin cash, perhaps eerily dubbed "Wormhole."
The idea with behind these proposals is to make it possible to spin up new tokens on bitcoin cash.
But just as ICOs broadly have taken vast amounts of criticism, the idea is sparking controversy among bitcoin cash users and developers too. Some have argued that the birth of tokens on the network will poorly impact the protocol and even worse, could introduce vulnerabilities that could put users at risk.
One Year Later, A Wave of Apps Is Emerging on Bitcoin Cash - CoinDesk
Right now apps such as Gitcash for tipping and Memo.cash for users to post short messages stored on the BCH blockchain are somewhat basic, but smart contracts, tokens and more could roll out on the BCH blockchain. Interesting developments after the contentious hard fork last year creating the new chain with larger blocks.
Some random excerpts:
Looking through the applications that have sprung up, it's clear that those drawn to bitcoin cash are trying to carve out a unique role for the cryptocurrency – one that aligns with the initial value proposition touted.
Many of the applications target users with cheaper, faster payments, like Blockpress, a social media platform, and Centbee, a wallet that uniquely integrates a user's phone list.
But there's also some work being done to make bitcoin cash a more complex blockchain, able to handle smart contracts and token launches.
———————————-
And a couple weeks ago, cryptocurrency mining giant Bitmain released a proposal for adding a token mechanism to bitcoin cash, perhaps eerily dubbed "Wormhole."
The idea with behind these proposals is to make it possible to spin up new tokens on bitcoin cash.
But just as ICOs broadly have taken vast amounts of criticism, the idea is sparking controversy among bitcoin cash users and developers too. Some have argued that the birth of tokens on the network will poorly impact the protocol and even worse, could introduce vulnerabilities that could put users at risk.