- Bitcoin Cash will introduce a major upgrade to its blockchain.
- New CashTokens will enable developers to run smart contracts on its network.
- One core developer claims that the network will be 100x more efficient than Ethereum.
Amid major congestion on the Bitcoin and Ethereum networks traders are begging for upgrades to boost scalability. Bitcoin Cash (BCH), one of the more successful Bitcoin hard forks, could soon deliver an upgrade to outshine both.
The Bitcoin Cash network is gearing up for its own hard fork, set for Monday, May 15. The upgrade will introduce ‘CashTokens,’ an ERC-20-like standard for the network. These tokens will enable Bitcoin Cash to run smart contracts.
According to core developers, this decentralized proof of work (PoW) blockchain will be more scalable and efficient than Ethereum.
How Will Bitcoin Cash Change After the Hard Fork?
Scheduled for May 15, the…
