THELOGICALINDIAN - A new acute arrangement and tokenization arrangement has been launched on the Bitcoin Cash BCH arrangement On Oct 31 BCH developer Clemens Ley appear the alpha adaptation of Bitcoin Token a Javascript library congenital to advance free affairs BCHbased tokens and accommodate payments into web applications
Also read: New Bitcoin Cash Stress Test Sees 700,000 Transactions in One Day
Project Bitcoin Token Launches Alpha Version
In August, news.Bitcoin.com reported on a activity alleged Bitcoin Badge developed by software programmer Clemens Ley. At the time, the developer explained that the activity was in its ancestor date and had planned to barrage at the end of the year. Now the architect has launched the alpha adaptation of Bitcoin Token, which gives developers three accoutrement to accredit the accumulation of applications on the Bitcoin Cash network. The software contains a wallet, a database, and the badge solution. The 0.0.1 alpha has been downloaded 103 times.
The Bitcoin Token activity has appear affidavit on accumulation the accomplishing as well. The blueprint detail the program’s tech-stack which includes the appliance build, tokenization abilities, Bitdb, and the antecedent absolute a clear Javascript BCH implementation. However, the antecedent cipher is not about accessible yet but the developer is alms an aboriginal adaptation by email. The Bitcoin Token architect says that the project’s alpha absolution currently supports changeable tokens, which accomplish analogously to Ethereum’s ERC-20 tokens. At the moment, acute arrangement abutment on Bitcoin Token is not yet available.
Clemens Ley’s Creation Becomes the 5th BCH-Based Token Project
The Bitcoin Badge activity was accustomed by the BCH association back the alpha absolution was appear on Twitter and Reddit. Some commenters on Reddit admired the abstraction that Bitcoin Badge was an another to Wormhole while others asked why the antecedent cipher was not yet available. Ley’s activity joins the bulk of added badge projects that accept been alien to the Bitcoin Cash arrangement like the Simple Ledger Protocol, Colored Coins, Keoken, and of advance Wormhole. Even admitting the Bitcoin Badge agreement uses a agnate arrangement to ERC-20, tokens will not clog up the alternation with crypto-kittie coins. Ley durably believes the BCH alternation can do far bigger than the Ethereum network’s badge action accompanying with scaling.
“Bitcoin Cash can do appealing abundant aggregate Ethereum can do – but at a 10-100x lower cost,” the Bitcoin Token architect abundant on a pinned thread on Twitter.
Coingeek Reveals Another Token Solution
The day afterwards the Bitcoin Token alpha release, Bitcoin Cash proponents heard about a altered activity developed by James Belding, Samuel Georges, Scott Barr, Farid Uddeen, and Brendan Lee. It has been appear that these developers won the tokenization challenge hosted by Coingeek and took home the admirable award-winning of £5,000,000 ($6.4 million).
According to the press release, the new badge activity congenital for Coingeek uses absolute technology already accessible on the BCH network. The activity does accept a website area bodies can appeal added information. According to the site, the whitepaper will be appear soon. Coingeek’s columnist statements detail the project’s abstruse blueprint should be accessible by mid-November.
Since the adamantine angle aftermost May, there has been a acceptable allocation of badge and acute arrangement projects congenital for BCH. The alpha absolution of Bitcoin Badge marks the 5th activity attempting to accommodate users with tokenization abilities on top of the BCH chain. When launched, Coingeek’s activity will be the 6th.
What do you anticipate about the Bitcoin Token alpha absolution by Clemens Ley? Let us apperceive what you anticipate about this accountable in the comments area below.
Images via Shutterstock, the Bitcoin Token Project, Jamie Redman, and Twitter.
Need to account your bitcoin holdings? Check our tools section.
