all about cryptop referances
Software developer Jason Dreyzehner says smart contracts “comparable to Ethereum” but significantly more efficient will be enabled by the May 15 upgrade coming to the Bitcoin Cash network. In other news, the world’s largest regional organization, the Shanghai Cooperation Organization (SCO), plans to switch to settlements in national currencies, moving away from the US dollar. This and more, just below, in the latest Bitcoin.com News Week in Review.
Freedom technologies advocate and software developer Jason Dreyzehner recently spoke with Bitcoin.com News via email about the upcoming Bitcoin Cash network upgrade on May 15th. One of the most talked about improvement proposals to pass on that date – which advocates see as a boon for economic freedom – is Cashtokens CHIP. Beyond the creation of UTXO-level tokens, the upgrade will allow “advanced on-chain applications such as higher security vaults, decentralized exchanges and bridged sidechains,” compared to ethereum, more scalable and cheaper, according to Dreyzehner.
read more
A China-led regional organization covering more than half of Eurasia intends to move to settlement in its members’ currencies. While the plan is to abandon the US dollar in mutual payments, participating nations have not yet considered a common currency.
read more
BRICS nations can lead efforts to abandon the US dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China’s top diplomat for the region, the leader of the war-torn Middle Eastern country called for the Chinese yuan to be used for cross-border trade.
read more
US Senator Ted Cruz has said he remains “incredibly bullish on bitcoin” which he described as “the alpha of the cryptosphere.” According to Cruz, people are attracted to bitcoin because they see it as a hedge against inflation and also as an “important check” against government spending.
read more
What are your thoughts on this week’s developments in crypto and global finance? Be sure to let us know in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is directly or indirectly responsible for damages or losses caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in this article.
