BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Bitcoin

Bitcoin Cash Ushers in CashTokens Upgrade: A Major Step Towards Expanding Financial Access

by Dan K
May 16, 2023 - 3:30 pm
in Bitcoin
Line graph showing Bitcoin Cash (BCH)'s impressive price surge during June 2023

Bitcoin Cash Network Undergoes a Major Upgrade

On May 15, the Bitcoin Cash (BCH) network underwent a significant upgrade, a move that now allows developers to create tokens similar in properties to BCH itself. These newly introduced tokens, known as “CashTokens,” can be issued by anyone using the network.

Block Height 792,772: A New Era for Bitcoin Cash

The network successfully upgraded the blockchain at the block height of 792,772. Jason Dreyzehner, a renowned BCH developer, stated that this upgrade includes support for CashTokens. Dreyzehner sees these tokens as a “tool for expanding financial access,” providing a new avenue for financial inclusion.

CashTokens: More than Just a Currency

CashTokens are predicted to have various applications, from serving as payment stablecoins and commodities to functioning as gift cards and event tickets. Dreyzehner also emphasized that the underlying technology of these tokens could enable advanced on-chain applications, including decentralized exchanges (DEXs), security vaults, and bridged sidechains.

Price Movements and Market Responses

The BCH price experienced a surge on the day of the upgrade, with tokens going from $114 to a high of $120 on May 15. However, this price surge was short-lived, as the value almost instantly returned to the $113 to $114 range post-upgrade.

Bitcoin Cash and the Rise of BRC-20 Tokens

The introduction of CashTokens follows the increasing popularity of BRC-20 tokens, which surpassed a market capitalization of $1 billion on May 9. The exponential growth of these tokens, such as Ordi (ORDI), Nals (NALS), VMPX (VMPX), Pepecoin (PEPE), and Meme (MEME), has been fueled by the creation of the Bitcoin token fungibility protocol two months ago.

Challenges Following the Upgrade

While the upgrade has been met with much anticipation and excitement, it has also brought about new challenges for the network. CryptoQuant analyst Axel Adler highlighted on May 10 that increased fees and a backlog of transactions have become a significant issue for the Bitcoin network following the introduction of the new token standard.

Tags: BitcoinBitcoinCashBlockchainCrypto
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Bitcoin chart showing sharp price surge past $118,000 in July 2025

Bitcoin Blasts Past $118K with Sixth All-Time High in Under 48 Hours

July 11, 2025

Bitcoin breaks records with six ATHs in 48 hours, soaring 6% to $118,668 on July 11 amid ETF...

Green Minerals headquarters and Bitcoin symbol representing strategic investment deal

Green Minerals Secures $25M Deal to Expand Bitcoin Treasury

July 2, 2025

Green Minerals signs $25M financing deal with LDA Capital to increase Bitcoin holdings via flexible share issuance over...

Bitcoin price projection chart with upward trend forecast by Standard Chartered for Q3 2025

Bitcoin to Hit $135K in Q3, Says Standard Chartered, Citing ETFs and Corporate Demand

July 2, 2025

Standard Chartered sees Bitcoin hitting $135K in Q3 and $200K by year-end, citing strong ETF inflows and corporate...

UniCredit headquarters with digital Bitcoin overlay, symbolizing BTC-TradFi integration

UniCredit Offers Bitcoin Exposure to Italian Elites via BlackRock’s IBIT

July 1, 2025

UniCredit merges Bitcoin with TradFi via IBIT-linked note, offering Italy’s pros BTC upside with full capital protection and...

Press Releases

png 115

BTC Miner: Earn $100-$100,000 Daily – The Fastest Growing Crypto Mining Platform of 2025!

June 25, 2025

BTC Miner, the fastest growing platform in 2025, opens a new era of inclusive cryptocurrency mining, allowing everyone to participate...

image2

Could XYZVerse Overtake DOGE and SHIB? Analysts Say $0.003333 Could Explode to $10!

March 30, 2025

XYZVerse aims to outpace DOGE and SHIB, with bold $10 price goals, strong community rewards, and rising demand as it...

image1 1

Massive Institutional BTC Buys Could Launch the Next Bull Market: 5 Altcoins to Watch

March 29, 2025

Institutional Bitcoin buys may trigger a market surge. Five altcoins, including $XYZ, stand to gain—early investors could see major ROI...

image1

XRP Faces Strong Resistance While XYZVerse Gains Early Investor Attention With 10 Billion $XYZ Airdrop

March 28, 2025

XRP struggles at resistance, while XYZVerse grabs early investor attention with a 10B token airdrop and rapid growth toward a...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise