During the Bitcoin Cash City conference held a few days ago in Townsville, Australia, Gabriel Cadorna, director of bitcoin.com developer services, spoke about the development of Bitcoin Cash (BCH) in 2019, highlighting the various aspects of the project as well as the goals it has achieved.
Among the news to report on Bitcoin Cash, it seems that by the end of 2019 BCH will also have futures contracts.
In fact, David Shin, CEO of Bitcoin.com, told Bloomberg that they are starting to think about how to list derivatives approved by the Commodity Futures Trading Commission (CFTC).
“We’ll try to list a BCH future on one of these exchanges that’s CFTC regulated to therefore have a product that can be traded into the U.S. with institutional traders.”
BCH’s goal would also include climbing the market cap ranking “within a year. To get from No. 4 to No. 3 or No. 2, we have to see more volume.”
Gabriele Cadorna’s speech
BCH was born as a peer-to-peer payment method that wants to allow the sending of any amount of money to any person in the world, without barriers, without constraints and in a very short time when compared to traditional methods.
The fork which took place in 2017 led to the question of what was the true nature of bitcoin which, in the opinion of the Bitcoin Cash team in particular, is the “Internet of money”, and this is the reason why BCH is presented as a payment method.
But Cadorna goes even further, saying that bitcoin cash has all the qualities to be a payment method, as well as a store of value, an account address and so on.
“You cannot overstate how powerful and how disruptive is Bitcoin Cash. It is smart money, censorship resistant, digital cash for the internet nation. This is an idea whose time has arrived and you cannot beat an idea whose time has arrived”.
Tokyo and Bangkok, according to Cadorna, are the countries with the highest rate of adoption of BCH as a payment method since more and more people and merchants use the cryptocurrency.
What happened to BCH in 2019
An important part of Cadorna’s speech focused on the ability of Bitcoin Cash to implement smart contracts and on the recent possibility of creating SLP (Simple Ledger Protocol), which are tokens based on the BCH blockchain.
There was also mention of privacy and how, in a purely digitalised world, security is always and constantly put at risk.
“We believe that privacy is a basic human right and digital technology empowers individual freedom”.
Much attention was also devoted to the first stablecoin based on the BCH blockchain, Honestcoin (USDH), and how thanks to Bitcoin Cash other similar projects are expected to appear in 2019.