Bitcoin Cash Community Excited For Upcoming Hard Fork Improvements

Key Points:

  • Bitcoin Cash price is showing positive signs as developers shed light on potential changes to the network ahead of the protocol’s May hard fork.
  • With plans for CashTokens that, according to developers, would enable decentralized applications directly on the coin, the May hard fork is expected to add more security and privacy to the network.
Since the hard fork is scheduled to occur in May, as stated by the project’s developers, the Bitcoin Cash (BCH) community is anticipating it with bated breath.

With plans for CashTokens that, according to developers, would enable decentralized applications directly on Bitcoin Cash, the May hard fork of Bitcoin Cash is expected to add more security and privacy to the network.

Smaller transaction sizes, which accelerate transaction times, and smart contracts functionality, which could enable the development of Bitcoin Cash-based applications that provide payments, derivatives trading, and crowdfunding opportunities, among other recurring uses, to Bitcoin Cash users, are other proposed improvements that have already been locked in.

Peer-to-peer cryptocurrency Bitcoin Cash was produced through a hard fork of the original Bitcoin. Users find it appealing for a number of reasons, including speedy payments, affordable fees, privacy, and a high transaction volume.

Mechanism Capital founder Andrew Kang noted on Twitter the BCH charts look insanely bottomed and ready for impulse.

The price chart data shows that BCH broke through the $129 level yesterday. The strong buying power causes the coin to currently trade at $120.

BCH daily chart. Source: Coincu

Aside from these essential characteristics, Bitcoin Cash may also become legal cash in the Caribbean nation of St. Kitts and Nevis as early as March 2023.

The move is significant beyond the island nation’s borders because countries cannot declare another country’s currency illegal. This means that Bitcoin Cash could soon enjoy some of the benefits of a national currency.

Although the idea has not been confirmed, in November of last year, it was rumored to be in the discussion phase. The move would follow in the footsteps of countries such as El Salvador, which declared Bitcoin a legal tender in June 2021.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

DOJ Investigates Polymarket for Alleged Illegal US User Bets

The US DOJ investigates Polymarket for Alleged Illegal US User Bets Polymarket, for allegedly permitting…

58 minutes ago

Get Ready for a New Level of Excitement If You Missed Ethereum ICO: Qubetics Could Redefine Success

Ethereum’s ICO was priced at around $0.30 per token, and today, it’s valued in the…

1 hour ago

A Missed Moment with Cardano? Here’s Why Qubetics at $0.0212 Could Be Your Perfect Timing – Explore the Best Crypto to Join Now

If you’ve been regretting missing out on Cardano, Qubetics ($TICS) might just be the ticket…

2 hours ago

Shiba Inu Price Clears Path To New ATH Of $2 As WallitIQ (WLTQ) Takes The Lead With A 23,000% Surge

The Shiba Inu price is on track to reach a new ATH of $2, while…

2 hours ago

Best Crypto Presales to Watch This November: Get in Early on These Potential Breakout Coins

So, you’re on the lookout for the next big thing in crypto? Aren’t we all?…

6 hours ago

This website uses cookies.