cashtokens VS research

Useful References: https://cashtokens.org/ https://helpme.cash/CashTokens/

The Paytaca wallet team has created an open source indexer for BCMR (Bitcoin Cash Metadata Registry) metadata. In the next release of their wallet new CashToken metadata will be shown in the wallet.

Now that CashTokens has enabled on chain NFTs for BCH, the latest series BCH GURUs sold out all 200 over wave 1 in less than 24 hours.

Have you guys taken a look at BCH's CashTokens yet? It's a protocol upgrade that released on May 15 of this year. It allows BCH to have smart contract capabilities that rival Ethereum, but with a massive scaling advantage since BCH uses the UTXO model. We can now truly build the entire global financial system on BCH. We haven't even scratched the surface of the possibilities yet...

You probably don't want to know the full technicals, but if you do you can read the CHIP which contains all the details.

It is non-custodian betting on price of supported assets paired against BCH, both parties put their money into the contract's pot and later the contract parses an oracle message and calculates how much they can take out. Made possible with Introspection opcodes and int64 upgrades to Bitcoin-tech Script VM, which activated in May '22 on Bitcoin Cash blockchain.

I dug around a bit and it seems to be this one: CHIP-2021-02-Bigger-Script-Integers.

native introspection

The latest "Group" proposal (v4.2) is more than just "tokenization". It got simpler and more powerful at the same time. It now enables generic BCH output groups that can be used to create persistent Script covenant contracts that can prove their genuineness. This is something that current contracts cannot do, even with the new Introspection opcodes. Group would make it possible because the groupID is a commitment to the whole genesis transaction, but this is not a post about that.

Will you soon shut up about BCH being shit against "superior chains" when I point you to the CHIPs such as Native Introspection Opcodes, Bigger Script Integers which allows better smart contract functionality coming in 2022, and PMv3 and Group Tokens which allow better token and transaction formats that are coming in 2023?

You can't, because it requires a sibling output (same prevout txid as the contract, but index 1 instead of 0) to be spent alongside it and it verifies it using introspection opcodes that will be available in May. Only the owner of the sibling can spend the contract.