A great multitude of groups have entered the race to tokenize bitcoin cash (BCH). Developers are energized by a £5 million prize to bring this functionality to the cryptocurrency’s ecosystem, which means we might soon see smart contracts implemented with BCH.
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£5 Million in Bitcoin Cash Prize
“While it is our firm belief that BCH is the one true blockchain that will emerge out of all the FUD around cryptocurrencies right now, we want to also ensure BCH has all the tools necessary to make that claim and more. Tokenization is another step on that journey as we create a ‘best of breed’ coin that has all the components of the original Satoshi white paper but also has the additional features that enhance BCH further still,” said Ayre.
Requirements and Assets
Coingeek will provide access and licenses to use certain assets from Nchain’s patent portfolio. The solutions will be evaluated on how well they meet the objectives as well as their effectiveness in using these intellectual property assets. Participants, however, are not limited or required to use Nchain’s assets as Coingeek says it encourages creativity and new ideas.
If you are part of a team of developers interested in taking part, you can learn more and register for the contest here.
Is tokenization going to be the big game changer for bitcoin cash? Tell us what you think in the comments section below.
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Source: Bitcoin.com