Little Green Monsters, Gurus, Cats, and Prediction Markets
The May 15, 2023 Bitcoin Cash upgrade has enabled smart contracts onchain for BCH, leading to the development of Cashtokens and various NFTs and marketplaces. Despite being in the early stages, NFT sales and trading activity are growing, with decentralized exchanges also being tested. The upgraded chain allows for permissionless peer-to-peer exchange directly onchain with lower fees compared to other protocols. Notable NFT collections include Emerald DAO, Bitcats Heroes Club, and BCH Gurus.
Key Points:
- The Bitcoin Cash upgrade has enabled efficient decentralized applications with low fees and fast transactions.
- Paytaca is developing Cashtokens Studio, a tool for anyone to create their own NFTs using the Cashtokens protocol.
- BCH Gurus is a multi-dimensional NFT project building price prediction games on the new protocol.
- Cashtokens’ simple token primitives can be used to create most defi applications.
- Non-custodial BCH wallets supporting Cashtokens include Paytaca, Electron Cash, Cashonize, and Zapit.
Hot Take
The Bitcoin Cash upgrade has opened up new possibilities for the development of NFTs and decentralized applications. With its low fees and fast transactions, the upgraded chain has the potential to compete with other leading protocols. The Cashtokens protocol and tools like Cashtokens Studio are making it easier for anyone to participate in the NFT space. The BCH Gurus project is an example of the innovative applications being built on the upgraded chain. Overall, the Bitcoin Cash community is becoming more vibrant and productive, working together to advance the peer-to-peer cash revolution.
Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.