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New functionality for Bitcoin Cash Makes it a Smart Contract Contender

Written by:
Guest
Published on:
May/07/2018

Ethereum is the blockchain with the most activity in the Blockchain 2.0 space, reportedly drawing away plenty of the original bitcoin developers. 

But ethereum has since suffered some setbacks, especially when it comes to scalability.  This has resulted in the potential for bitcoin cash to - well - cash in on some opportunities.

WellStreetTechnologist.com explains:

On May 16th 2018, BCH will be hard forking as part of their scheduled 6m update schedule, and one of the most exciting things that will be changed in the upgrade is the re-enabling of some of the old OP_CODES which were disabled by core developers out of fear that they may be insecure or open up attack vectors on the network back when the codebase was immature, and the network very small.  For the computer scientists reading this, the interesting instructions are OP_CAT and OP_XOR.  (concatenate, and logical XOR).  I won’t go into why these are very important, but if you are interested then you can read about how Bitcoin is effectively a Turing machine. This means that arbitrary calculations can be done on Bitcoin, using a method that separates the DATA and CODE from the proof of execution.  For the technically inclined, the analogy would be the Bitcoin blockchain transactions effectively becomes a micro instruction table, a set of CPU registers, and a program stack pointer.  All the data, the code, and storage is elsewhere.  This makes the Bitcoin model much simpler than the Ethereum model (store and compute everything on the blockchain nodes).

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- Aaron Goldstein, Gambling911.com

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