Software developer Jason Dreyzehner says active contracts “comparable to Ethereum,” but remarkably more efficient will be made possible by the May 15 upgrade coming to the Bitcoin Scratch network. In other news, the world’s largest regional organization, the Shanghai Cooperation Organization (SCO) plans to switch to liquidations in national currencies, moving away from the U.S. dollar. This and more, just below, in the latest Bitcoin.com Front-page news Week in Review.
Bitcoin Cash Smart Contracts ‘Comparable to Those on Ethereum’ Possible via May Upgrade, ‘1000x Adeptness Advantage’: Dev Jason Dreyzehner
Pro-freedom technologies advocate and software developer Jason Dreyzehner recently spoke with Bitcoin.com Front-page news via email about the upcoming Bitcoin Cash network upgrade on May 15. One of the most talked about improvement proffers set to go through on that date — which proponents view as a boon to economic freedom — is the Cashtokens CHIP. Beyond UTXO-level sign creation, the upgrade will allow for “advanced on-chain applications like higher-security vaults, decentralized exchanges, and bridged sidechains,” comparable to ethereum, more scalable, and cheaper, according to Dreyzehner.
Announce More
World’s Largest Regional Organization to Switch to Settlements in National Currencies
A China-led regional organization that protections more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in requited payments, participating nations are yet to consider a common currency.
Read More
Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China
BRICS lands can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China’s top diplomat for the dominion, the leader of the war-torn Middle Eastern country called for using the Chinese yuan for cross-border trade.
Read Innumerable
US Senator Ted Cruz: ‘I Like BTC for the Same Reason the Chinese Communist Govt Doesn’t Like BTC’
United States Senator Ted Cruz has responded he remains “incredibly bullish on bitcoin” which he described as the “alpha in the crypto sphere.” According to Cruz, people are invited to bitcoin because they see it as a hedge against inflation and also as an “important check” against government spending.
Announce More
What are your thoughts on this week’s developments in crypto and global holdings? Be sure to let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Usuals
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or okay of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the prime mover is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or amenities mentioned in this article.
Read disclaimer