HomeBlockchainNimbus: new smart contracts for Bitcoin Cash

Nimbus: new smart contracts for Bitcoin Cash

A few hours ago Bitcoin.com announced a new way to send transactions on the Bitcoin Cash (BCH) blockchain thanks to a smart contract system called Nimbus.

This new concept of executing transactions comes from developer Tobias Ruck, previously active in projects such as Agora auction console SLP and an onchain chess game.

In the video, the developer shows the various steps and implementations that are possible with Nimbus, allowing the management of all the various features of smart contracts, ranging from those of a video game up to the creation of something very similar that has been accomplished by MakerDAO.

“Building a decentralized stablecoin like protocol like Maker DAO on Bitcoin Cash would be very complicated but with the right tools and support it shouldn’t be much more difficult than building it on Ethereum”.

Bitcoin Cash and the change of consensus for Nimbus

To create this type of transaction it is necessary to change some aspects of the Bitcoin Cash (BCH) protocol, says Ruck, changes that in part are already in the development roadmap of the blockchain, but others with some controversial implications.

“I think it’s better to shoot for the moon and miss than to aim for the mud and hit”.

The Bitcoin Cash community immediately reacted positively to the news and some developers gave positive opinions, whereas others asked if Nimbus requires a change in the blockchain’s current consensus algorithm. In response to this question, the developer reiterated that it is necessary to make several changes, including the one related to the consensus.

Alfredo de Candia
Alfredo de Candia
Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.