The next upgrades in the pipeline for Bitcoin Cash (BCH) will finally pave the way for people to start treating the cryptocurrency as what it is supposed to be—cash. And a fungible one at that.
That’s the declaration made by Dr. Craig Wright, chief scientist at blockchain research and development firm nChain Group, during a recent talk as part of the “We are Fascinating Project” series in London.
“We’re collaborating with a lot of groups at the moment. We’ve just announced the Electrum Cash project which is going to sort of increase private transactions fungibility and much more within Bitcoin (BCH), so what that will actually allow is people to start treating it as cash,” Wright said. “We’re going to make it back to fungible cash.”
Currently, Bitcoin Cash development groups like Bitcoin ABC are gearing up for a series of protocol upgrades happening every six months starting May 2018, which will see the developers re-enabling a whole host of opcodes in the scripting language, among other things. Restoring the opcodes is important for the network because they will enable Bitcoin Cash to become more than just a currency.