Bitcoin Cash Reference

 

 

In this article we will try to understand why we may be seeing the rise of Bitcoin Cash, also known as BCX. To understand the dynamics of how the developers of this project want to revolutionize the way money flows on the Internet we need to understand what exactly the project is trying to accomplish. We will not discuss the philosophical underpinnings of the project, nor will we delve into the business practices of an "anarcho-capitalistic" society that favors an open source software development model, namely the "free market". Rather, we will discuss only the practical applications of this new digital currency, also known as Bcash.

What exactly is Bitcoin Cash? The core developers of the project are two guys - Brian Behl and EminMeshapist - who have been operating under the assumption that digital currencies like Dash and Monero can deliver on their promises. Since last summer they have been working on conceptualizing a new digital currency based on the work of economists Peterrade and George Soros. They called their new venture BrewDog for short. In their statement they named their project after an Australian beer making company.

Currently, the project is in the testing phase, but they are hoping to launch the final version by the end of the year or sooner. During the testing period they are using a simplified protocol to implement certain features of a full-scale digital ledger system, which they believe will make it easier to use and build a distributed ledger network on the basis of this simple protocol. Currently, you cannot use your regular bank to deposit money into your bitcoin cash account. The BrewDog developers have therefore designed a specialized wallet which will allow you to easily move money from your ATM to your Bitumen wallet.

One of the most compelling aspects of the Bitcoin Cash Reference platform is its ability to manage your trades. Its Asset Management section uses the Asset Management System (amsS), which is a very powerful piece of software. Asset management includes features such as creating multiple wallets, managing your exchange rate and monitoring your purchases and sales. All these functions can be directly attributed to amS. amS also integrates with the Bitcoin cash software which was developed by Blockstream.

The project's reference design is based on the work done by the Bitcoin Core team. The Bitcoin cash software and the reference wallet are produced by the hackers themselves, hence the team's claim that their product is derived from the work of the entire Bitcoin community. The hackers claim that they have combined the best parts of the Bitcoin wallet and the Shapeoko technology. Shapeoko is an advanced program that allows a user to design a reusable smart wallet, complete with multiple customization.

Currently the hackers are testing the Shapeoko software. This will be followed by a full node implementation, which will supposedly allow the users to transact without relying on any third party service. Shapeoko promises to replace the current banking model, and become the new standard for wireless transactions, complete with all the privacy and protection that people are looking for. At the moment, there is still skepticism among most people regarding the efficiency of this software. However, the proof of the pudding is in the tasting, and it appears that the Shapeoko developer managed to do a great job, if his claim is to be believed.