Cryptocurrency enthusiasts around the world anticipate the upcoming Bitcoin Cash hard fork upgrade which is scheduled to take place on Monday. This highly anticipated upgrade focuses on improving the security, privacy and transaction times on the Bitcoin Cash blockchain. The upgrade also brings with it the exciting possibility of the CashTokens protocol, which allows developers to issue tokens on the mainnet.

Together with the CashTokens protocol comes several proposed enhancements, such as smaller transaction sizes, smart contracts functionality and recurring payments. These are all beneficial features, especially for those engaging in lucrative activities such as trading derivatives and crowdfunding opportunities.

The upgrade comes as another cryptocurrency initiative, Bitcoin Request for Comment (BRC20), is gaining traction and popularity. BRC20 enables developers to issue tokens natively on Bitcoin. This protocol has already resulted in a fluctuation of digital artwork and meme tokens, along with a $500 million cumulative market capitalization for the 11,000 tokens issued on Bitcoin.

As the Bitcoin Cash hard fork draws closer, developers, traders and enthusiast are busy gearing up for what is estimated to be a prosperous upgrade. With enhanced security, privacy and speed, to name a few, this will be a refreshing addition onto the Bitcoin Cash network and a potential forerunner to the omnipresence of cryptocurrency.



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