Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash

On June 12, the Honestnode team announced the release of a new stablecoin project built on top of the Bitcoin Cash network called Honestcoin (USDH). The new token was made using the Simple Ledger Protocol (SLP) and recently launched on the cryptocurrency trading platform Coinex. This week news.Bitcoin.com spoke with the founder of Honestnode, Jian Shi, to learn more about this new stablecoin. Also read: Coinex Exchange Lists the first SLP-Based Stablecoin Built on Bitcoin Cash A Discussion With the Founder of Honestnode Over the last few years, stablecoins have…

Buterin Considers zk-STARKS, Plasma, Casper, Bitcoin Cash for Enhancing Ethereum’s Efficiency

The developers of Ethereum (ETH), the world’s largest platform for building and deploying decentralized applications (dApps), have been experimenting with different approaches for effectively scaling the smart contract platform. Ethereum Co-Founder Vitalik Buterin has considered using other blockchain platforms as data layers for the Ethereum network. These platforms include Bitcoin Cash (BCH), Ethereum Classic (ETC), and potentially a few other crypto networks with relatively high throughput rates. Bitcoin Cash Blockchain Has Up to 7x Greater Throughput than Ethereum  At present, the BCH blockchain can handle 32 MB of data in…

Bitcoin Cash Milestones: Delivered Code, Upgrades and Platform Development

Bitcoin Cash (BCH) platform and protocol development have seen a lot of delivered code and projects over the last two years. The upgrades will help Bitcoin Cash scale to the masses, and many of the added features are protocol developments that are unique to BCH. Also read: Indian Government Breaks Silence on Crypto Regulation BCH Infrastructure and Blockchain Development In less than two weeks, BCH fans around the world will be celebrating the anniversary of the blockchain split that occurred on August 1, 2017. Since then there’s been a lot…

US Treasury Secretary Says Cash Is Not Laundered As Much As Bitcoin Is

Treasury Secretary Steven Mnuchin said that the authority will be preventing Bitcoin (BTC) from becoming an “equivalent of Swiss-numbered bank accounts.” U.S. secretary of the treasury to closely monitor Bitcoin regardless of price In a press briefing reported by CNBC on July 18, Mnuchin criticized Bitcoin and other cryptocurrencies as they can be used for illicit purposes such as money laundering, adding that the department intends to enforce strong regulations on the space. The official emphasized his own intent to closely monitor Bitcoin to prevent illegal activity regardless of its…

Ethereum (ETH) in Free Fall, Down 34% Following Bitcoin Cash Idea

Ethereum (ETH) slides 34 percent as bears step up Bitcoin Cash may be used to temporarily solve Ethereum’s scalability problems Vitalik has an audacious plan of integrating Ethereum with Bitcoin Cash before ETH 2.0 full activation. However, there is resistance from some quarters with a majority against his idea. In the meantime, bears are in full throttle as ETH slumps 34 percent from last week’s close. Ethereum Price Analysis Fundamentals Regardless of how Ethereum supporters try to scrutinize the platform’s performance, everything will boil down to scalability. Striking a perfect…

Vitalik Buterin Suggests Bitcoin Cash Blockchain Usage as a Stopgap Until ETH 2.0

In an unexpected turn of events, Vitalik Buterin has suggested the use of the Bitcoin Cash (BCH) blockchain as a data layer where transaction verification takes place. In essence, all ETH transactions would be settled and verified on the BCH blockchain, and confirmation will be sent back to Ethereum. This according to a post from Buterin on Ethereum Research, July 13, 2019. The Suggestions and Public Reaction Crypto Twitter exploded when Vitalik suggested the use of the BCH chain as a data layer for Ethereum. Most of the reactions were…

Bitcoin Cash Multi-Party Escrow, Retail Adoption, and Upgrade Discussions

Another week has passed for the Bitcoin Cash (BCH) community and as usual, there’s been a bunch of announcements and developments. BCH supporters this week saw the release of a multi-party onchain escrow system, Ethereum cofounder Vitalik Buterin discussed using the BCH chain as a data layer, and more BCH-accepting merchants were onboarded. Also Read: Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity The cryptocurrency ecosystem is filled with new applications and developments nearly every day and many announcements stem from the BCH community. Last week we mentioned the…

Buterin Proposes Bitcoin Cash Integration to Scale Ethereum in Short Term

Ethereum co-founder Vitalik Buterin has proposed to use the Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network. The programmer introduced a summary of the idea in a July 13 post on the Ethereum Research. As previously reported, the Ethereum network has experienced some scalability issues, with its native blockchain capable of processing as few as 15 transactions per second (TPS), while its major competitor Ripple is reportedly estimated to have a TPS capacity of 1,500.  As such, the Ethereum community has been working on Ethereum 2.0,…

Bitcoin Cash Merchant Adoption Grows and Exchange Supports BCH in the Weekly Video Update

Businesses around the world continue to adopt bitcoin cash as a payment method and an exchange adds support for trading BCH. Watch these and other developments discussed in this week’s video update hosted by Roger Ver on Bitcoin.com’s Youtube channel. Also Read: Win 2019 Rugby World Cup Tickets When You Play at Games.Bitcoin.com Bitcoin Cash Adoption Grows Around the World In the weekly video update, Bitcoin.com CEO Roger Ver talks about some of the work that is happening to onboard new merchants to BCH around the world, from Venezuela to…

Bitcoin Cash Community on Bitkan’s K-Site Raises Funds for BCH Development

Last year news.Bitcoin.com spoke with the cofounder of Bitkan, Fang Yu, about the company’s K-Site project, which acts as a decentralized media outlet, micro-blog and forum with rewards. Just recently, Bitkan spoke with news.Bitcoin.com about K-Site’s growth and how the platform’s BCH community raised funds for the Bitcoin Cash Development Fund. Bitkan highlighted that the BCH community is one of the most active on the K-Site platform. Bitkan believes open source development is very important and that companies and individuals within the community should support development of innovative blockchain and…