Bitcoin Cash [BCH] based projects Recursive Smelting and Bitcoin token to launch soon

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Bitcoin Cash [BCH] based projects Recursive Smelting and Bitcoin token to launch soon

Post by howlermunkey » Sun Aug 26, 2018 1:42 pm

On 25th August, Bitcoin Cash announced the launch of two more Bitcoin Cash-based products, namely Recursive Smelting and a Javascript project called Bitcoin Token.

Recursive smelting

This is a token layer protocol on the Bitcoin Cash platform. The proposal paper for Recursive Smelting, which is a relatively new topic, states that:

“In Recursive Smelting (RS) the primary objectives are to create a permissionless protocol using on-chain data, while maximizing SPV compatibility and avoiding invasive protocol changes. Our proposal originates in the DAG category and then breaks from it using novel cryptographic techniques — specifically Succinct Non-interactive Arguments of Knowledge (SNARKs). An RS token’s ledger is a collection of transactions adhering to one of three primitive transaction formats.”

The people behind the Recursive Melting update have also released reports that show the project is getting a lot of traction and that developments are on schedule.

Bitcoin Token

This is basically a system where tokens can be built on smart contracts using the Bitcoin Cash Protocol. The project was initiated by a developer called Clemens who believes that smart contracts are the future of the digital asset world. ... unch-soon/

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