Cryptocurrency News Exchange

New smart contracts for Bitcoin Cash with Nimbus

Bitcoin.com announced a novelty regarding the sending of transactions on the blockchain (see what is Blockchain) of the currency Bitcoin Cash, this concerns a new system for smart contracts that will take the name of Nimbus. 

Nimbus Bitcoin Cash

Nimbus is a new idea for transactions that comes from developer Tobias Ruck. This developer had previously worked on major projects like Agora auction SLP console and also onchain chess game. 

The developer, Tobias Ruck, has also chosen to make a video where it clearly shows what the various implementations are and the steps that can be had through Nimbus, in this way it allows you to better manage all the facets of the new smart contracts. So we start from a video game until the realization of something very similar to what it was made by MakerDAO. 

By construction of a decentralized station similar to the protocol developed on Bitcoin Cash, Maker DAO, it would be complex, but through the tools and the right support it should not be much more difficult than the smart contract system used for Ethereum. 

Some aspects of the Bitcoin Cash protocol will change 

According to Ruck, to be able to carry out this type of transaction it will be necessary to make changes to the protocol that Bitcoin Cash presents today. Some changes are already affecting the blockchain development roadmap, but others may have more controversial implications. In any case, according to Ruck: it is better to try to aim for the moon, and then miss the target, than aim for the mud and be able to land the hit. 

At the moment the community that is is developed around Bitcoin Cash has reacted positively to this news, and developers have also welcomed this news. Others have wondered if Nimbus will foresee changes to the current consensus of this blockchain. And the developer answered the question by reiterating that changes will be needed and among these there are precisely those relating to consent.

Silvia Faenza

Graduated in Political Science and International Relations at the University of Salento, in the 2014. After graduating, he began his career in a marketing agency, joining the world of writing and web editing the following year. From 2015 he is in charge of content management for online companies and publishing agencies, mainly as a ghostwriter and web editor.

Share
Published by
Silvia Faenza

Recent Posts

The future of cryptocurrencies: new challenges and new opportunities

Cryptocurrencies have revolutionized the world of economics and investment, offering a decentralized alternative to traditional…

1 years ago

Can Cardano Beat Ethereum With This Massive New Move? 

Milkomedia-C1 announced the integration of the DJed stablecoin network on its platform. Milkomeda C1, a…

1 years ago

2 cheap cryptocurrencies to buy now

Cryptocurrencies have gained immense popularity over the last decade, attracting investors from all over the world. However,…

1 years ago

The Bahamas intend to strengthen the regulation of cryptocurrencies after the sinking of FTX

The former cryptocurrency exchange FTX was based in the Bahamas. The island nation has not been…

1 years ago

Shiba Inu scores huge due to superior technology

As Shiba Inu adoption skyrockets, the memecoin and the entire Shiba ecosystem…

1 years ago

Millions of users can buy, withdraw and exchange Bitcoins on Telegram messenger

The adoption of digital currencies such as Bitcoin has continued to grow unabated. Many…

1 years ago