Bitcoin Cash is set to undergo an upgrade on 15 May, which will allow for advanced on-chain applications, including high-security vaults, decentralised exchanges, and bridged sidechains, according to software developer and pro-freedom technologies advocate Jason Dreyzehner. The upcoming Bitcoin Cash network upgrade also includes the Cashtokens CHIP, which will enable UTXO-level token creation. This shift to better smart contract capabilities will make Bitcoin Cash comparable to Ethereum, but with a 1,000x efficiency advantage, Dreyzehner said. Meanwhile, the Shanghai Cooperation Organization is looking to switch to settlements in national currencies as it looks to distance itself from the US dollar. The group, which covers more than half of Eurasia, is led by China and will seek to abandon the greenback in mutual payments. However, the member nations have yet to discuss adopting a common currency.
Bitcoin is on a collision course with ‘Net Zero’ promises – Cointelegraph Magazine
Every year, at the United Nations Climate Change Conference (COP), countries are under pressure to increase their emissions reductions promises...
