CDS Crypto News Bitcoin Cash Prices Bump Ahead of CashTokens Upgrade
Crypto News

Bitcoin Cash Prices Bump Ahead of CashTokens Upgrade

Bitcoin Cash (BCH) prices jumped as much as 6% ahead of a mainnet upgrade that will allow developers to issue tokens atop the network, among other enhancements.

460
Bitcoin Cash Prices Bump Ahead of CashTokens Upgrade

The value of Bitcoin Cash (BCH) experienced a surge of up to 6% in anticipation of a significant update to its mainnet. This update, known as a hard fork, will enable developers to create tokens on top of the network and introduce other improvements. The hard fork is planned for Monday around noon time UTC and aims to enhance the security and privacy of the network.

Bitcoin Cash Prices Bump Ahead of CashTokens Upgrade

Bitcoin Cash Prices Bump Ahead of CashTokens Upgrade

Bitcoin Cash Prices Bump Ahead of CashTokens Upgrade

Bitcoin Cash (BCH) experienced a price surge of up to 6% ahead of its upcoming mainnet upgrade. The hard fork is scheduled for Monday at noon time UTC and will facilitate the creation of tokens on the network, among other enhancements, aimed at improving the security and privacy of the network.

“CashTokens” will be introduced to enable decentralized applications directly on Bitcoin Cash, while other enhancements include smaller transaction sizes to expedite transactional times and smart contract functionality that can be used to develop Bitcoin Cash-based applications offering various services to users, such as recurring payments, derivatives trading, and crowdfunding opportunities.

Bitcoin Cash Prices Bump Ahead of CashTokens Upgrade

This development is fueled by a growing interest in tokens issued on Bitcoin, particularly after the launch of the ‘Bitcoin Request for Comment’ (BRC20) tokens, which allow developers to issue tokens natively on Bitcoin. As of Monday, over 11,000 tokens have been issued on Bitcoin with a cumulative market capitalization of $500 million, down from $1.5 billion earlier this week, as per OrdSpace’s BRC-20 data.

To acces BCH’s official website: bch.info

To access more crypto news: cryptodataspace.com

Written by
Aziz KARTAL

Aziz Kartal is 21 years old. He is a student at the Gazi University, Department of Electrical and Electronical Engineering. He works as content writer, researcher and social media manager. He generally research about Web3, Blockchain Security and Cybersecurity.

Leave a comment

Leave a Reply

Related Articles

Crypto News – MicroStrategy’s $42 Billion Bitcoin Bet: Risks and Rewards Ahead

MicroStrategy's ambitious plan to acquire an additional $42 billion in Bitcoin faces...

Bitcoin Price Soars 2.4% Amid Election Uncertainty, Ethereum Struggles

As the U.S. presidential election approaches, Bitcoin surges above $70,000, driven by...

Bold Economist Prediction: Bitcoin Price Stability Predicted as Analyst Sees 50% Chance Above $60K

Bold Economist Prediction: Bitcoin Price Stability Predicted as Analyst Sees 50% Chance...

5 November Major Crypto News: Dogecoin Surges Over 13%, Outperforming Major Cryptos Amid Election Buzz

5 November Major Crypto News: Dogecoin Surges Over 13%, Outperforming Major Cryptos...