This week’s recap brings us three major developments in the world of Bitcoin cash and cryptocurrencies. In particular, upgrades to Bitcoin Cash have been proposed by an independent development team, Senator Ted Cruz has commented on Bitcoin and its regulation, and global de-dollarization is being discussed.
Cryptocurrency development team BCHD and Bitcoin Cash team Electron Cash recently proposed various protocol upgrades for Bitcoin Cash. These upgrades would boost the network’s ability to perform with smart contracts and enable more complex applications to be built. At present, Bitcoin and Bitcoin Cash is limited in this regard, but this upgrade would enable developers and businesses to go much further in creating powerful cryptocurrency products and services.
The Senator from Texas, Ted Cruz, commented this week on Bitcoin and cryptocurrencies. Although it was a skeptical view, with Cruz noting that he wants to see the asset regulated, it was significant. Cruz, who is running for president in 2020, has positioned himself as a potential ally for the asset class to some degree, as many of his opponents seem dead set on banning or heavily restricting the use of crypto in their platforms.
The implications of global de-dollarization have been discussed this week, as a result of the US-China trade war. Both countries have been putting pressure on each other in terms of currencies and tariffs, leading many countries to look for ways to get away from using the US dollar as the staple for world finance. This could mean great opportunities for Bitcoin Cash and other cryptocurrencies.
Overall, this has been a very interesting, action-packed week for Bitcoin Cash and the world of crypto. We can expect to hear more from developers and politicians in the coming weeks.
use, with the US Dollar no longer the only dominant currency.
Conclusion
This week in the world of cryptocurrency saw the Bitcoin Cash network upgrade to bring new smart contract programming capabilities, as well as Senator Ted Cruz’s comments on the benefits of Bitcoin. Meanwhile, global de-dollarization efforts are gaining traction, with nations and private companies exploring alternative payment systems and digital assets.
use, with the US Dollar no longer the only dominant currency.
Conclusion
This week in the world of cryptocurrency saw the Bitcoin Cash network upgrade to bring new smart contract programming capabilities, as well as Senator Ted Cruz’s comments on the benefits of Bitcoin. Meanwhile, global de-dollarization efforts are gaining traction, with nations and private companies exploring alternative payment systems and digital assets.