BCH to beef up smart contract capabilities: ‘VM Limits’ and ‘BigInts’ upgrades gain support
The post BCH to beef up smart contract capabilities: ‘VM Limits’ and ‘BigInts’ upgrades gain support appeared on BitcoinEthereumNews.com.
Bitcoin Cash (BCH) developers and community members have been actively voicing their support for two Cash Improvement Proposals (CHIPs) ahead of a November 15 lock-in deadline. The “VM Limits” (Virtual Machine Limits) and “BigInts” (Big Integers) CHIPs seek to streamline smart contract capabilities onchain for the Bitcoin Cash network and enable more possibilities for developers to build on the protocol. The Bitcoin Cash Foundation, an officially unofficial representative of BCH seeking to promote peer-to-peer electronic cash for the world, recently voiced support on X on November 10, for two Bitcoin Cash improvement proposals. The two Cash Improvement Proposals (CHIPs), which seek to streamline and expand smart contract capabilities on Bitcoin Cash, are seeing support on multiple fronts from devs and community members ahead of a November 15 “lock-in” deadline. Once locked in, the proposed changes would be activated during the May 2025 Bitcoin Cash network upgrade. VM Limits and BigInts — Two proposed upgrades for Bitcoin Cash First, it may be necessary to point out that Bitcoin Cash already has functioning UTXO (unspent transaction output)-based smart contract capabilities, allowing for smart contracts to be executed on-chain. This was made possible via the CashTokens CHIP back in 2023. Thanks to the smart contract capability, BCH now enjoys NFTs, contracts baked into the layer 1 protocol, on-chain DEX (decentralized exchange) capability and an efficiency advantage which devs say could leave Ethereum a day late and a satoshi short. The two CHIPs gaining support for the 2025 network upgrade are: CHIP-2021-05 VM Limits: Targeted Virtual Machine Limits CHIP-2024-07 BigInt: High-Precision Arithmetic for Bitcoin Cash These two dovetailing proposals aim to make smart contracts on BCH much more efficient, and to render “previously-theoretical use cases immediately practical.” So what are the use cases? According to BCH and former BitPay developer Jason Dreyzehner, they include:…
Filed under: News - @ November 11, 2024 1:11 am