What effect does the network upgrade have on Bitcoin cash?

Bitcoin cash price

At any time, the price of bitcoin cash has been the focus of many owners. The BCH's upgrade will also have a certain impact on its price. Many experts speculate that the hard fork of bitcoin cash on May 15 will push the market value of BCH back to the top three.

A Twitter user said: "I am very excited about this upgrade. BCH has been fluctuating with Bitcoin for a long time. After bitcoin cash has entered the top three market capitalization, it is only a matter of time before Bitcoin is overtaken."

However, in fact, the bitcoin cash value not only failed to reach the third place, but the price continued to drop and the price dropped to around 1200 US dollars.

This upgrade adds OP-Codes to Bitcoin cash. Jimmy Nguyen, CEO of nChain, said: "The second key upgrade is to restore some OP-Codes that have been disabled in the Bitcoin scripting language. The OP_Codes code will bring many innovative features such as multiple signing operations, coloredcoin or representative tokens, smart contract compilers, and zero-acknowledgement sending technologies. This will change the rules for cryptocurrency, because BCH will be combined in an efficient payment method with advanced technical capabilities." This means that some companies It is very likely that the ICO will be launched on the Bitcoin cash network and create tokens.

application

The recent social media applications for bitcoin cash, Memo and Blockpress, have introduced some new features. Users can not only add text on the bitcoin cash chain, but also add pictures and videos. After expanding OP_RETURN to 220 bytes, these applications will be more developed and more interesting features will be introduced.

In order to welcome the upgraded BCH, the community has recently made some moves.

First, a Bitcoin cash organization called the Cash Alliance (C2) was established to strengthen the development of open standards to promote the long-term development of bitcoin cash. The establishment of open standards will enable more developers to understand the advantages of bitcoin cash, participate in the development of bitcoin cash networks, and launch some applications based on bitcoin cash.

Then, the "BCH Geek Contest" in the bitcoin cash community was held. These activities will not only promote the new features of BCH, but also encourage more developers to participate in it and introduce some interesting applications based on BCH.
 

BitFit

Contributor
That’s a great update. Thanks. You should post it in the bitcoin cash section here. Unless the mods wanted it in this section or something.
 
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