There’s been a bunch of ideas so far with Andrew Stone’s GROUP proposal and Joannes Vermorel’s Tokeda paper.
Then this week Bitmain developers revealed the Wormhole project that utilizes a fork of the Omni Layer.
The Colored Coins (CC) protocol debuted for the BTC back in 2013 network by adding specific metadata to the blockchain.
The paper called, “Simple Ledger Protocol: A token system for Bitcoin Cash,” details a proposal for the BCH network that handles tradeable redeemable tokens without a consensus upgrade.
No Matter How You Look at It, Token Assets Are Coming to the Bitcoin Cash Network
Of course, the Bitcoin Cash community was pretty thrilled about two more tokenization projects using the BCH chain.
There is always experimentation, development, and innovation going on in the crypto space. Even established coins must continually evolve to keep pace with a changing environment. But it’s great to see development that adds significant value and capability to an existing coin rather than start a new ecosystem from scratch.
Wormhole has moved beyond its distribution phase, initiating a new strategy. By allocating on-chain and off-chain protocol revenue to a dedicated treasury, the cross-chain protocol is creating a direct link between its commercial success and the value of its native…
Wormhole price has jumped 32% after the U.S. Commerce Department confirmed its role in delivering government economic data on-chain through Pyth Network.
Wormhole’s token W is showing early signs of a bullish reversal as its ecosystem continues to gain popularity among major players. According to data from crypto.news, Wormhole (W) was exchanging hands at $0.0631, last check June 27, with a market…