{"id":20323,"date":"2023-04-27T19:11:53","date_gmt":"2023-04-27T19:11:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bch-bull-launches-production-release-while-cashfusion-fuses-over-2-billion-in-bch-bitcoin-news\/"},"modified":"2023-04-27T19:11:53","modified_gmt":"2023-04-27T19:11:53","slug":"bch-bull-launches-production-release-while-cashfusion-fuses-over-2-billion-in-bch-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bch-bull-launches-production-release-while-cashfusion-fuses-over-2-billion-in-bch-bitcoin-news\/","title":{"rendered":"BCH Bull Launches Production Release, While Cashfusion Fuses Over $2 Billion in BCH \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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As the Bitcoin Cash enthusiasts brace themselves for the much-awaited upgrade that vows to unleash decentralized applications, General Protocols revealed a complete production release of its decentralized hedging application, boasting a doubled contract size. Meanwhile, those utilizing the privacy-boosting protocol Cashfusion have fused over 17.4 million bitcoin cash since its inception, equivalent to a staggering $2 billion in U.S. dollar value.<\/strong><\/p>\n

General Protocols Reveals Latest Defi Application Release<\/h2>\n

The Bitcoin Cash community eagerly awaits an upgrade that promises to revolutionize the creation of decentralized applications on May 15, 2023. Last November, blockchain developer Jason Dreyzehner shared the news<\/a> that the 2023 upgrade had been successfully added to the testnet network. Dreyzehner elaborated on the forthcoming improvements, which will introduce Cashtokens capable of generating a plethora of possibilities<\/a>, from identity tokens and covenant-tracking identity tokens, to voting with fungible tokens, sealed voting, multithreaded covenants, and multi-covenant decentralized applications.<\/p>\n

In the interim, BCH<\/a> enthusiasts have been introduced to the full-fledged production version of BCH Bull<\/a>. The decentralized finance (defi) application empowers users<\/a> to long or hedge their BCH<\/a> against various tradable assets. The project\u2019s developers announced the latest release on April 17, 2023, and disclosed several new enhancements, adding to the platform\u2019s appeal. \u201cBCH<\/a> Bull Production release is out,\u201d the defi application\u2019s devs announced<\/a> on Twitter. \u201c2x the contract size, 3x the contract duration, approx 30% cheaper fees, additional asset (CNY), premium tracker and language localization.\u201d<\/p>\n

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BCH<\/a> Bull has a new asset! Now you can hedge or leverage against Chinese Yuan (CNY). BCH<\/a> Bull also has language localization, with Chinese language support. We hope to add more assets and language support as we grow! #bethebull<\/a> #bch<\/a> #cny<\/a> #bitcoincash<\/a> #utxo<\/a> #chinese<\/a> #chineseyuan<\/a> pic.twitter.com\/7Ts7qy3jFp<\/a><\/p>\n

\u2014 BCH<\/a> BULL (@BCH_BULL) April 18, 2023<\/a><\/p>\n<\/blockquote>\n

Cashfusion Fuses $2B in Value Since Inception<\/h2>\n

April marked yet another significant milestone for Cashfusion, as the number of fusions jumped beyond $2 billion in value since its inception on November 28, 2019. Presently, over 17.4 million<\/a> bitcoin cash (BCH<\/a>) has been fused, currently valued at $2,049,395,837 according to current BCH<\/a> exchange rates. This achievement has come at a time when Coinjoin processes have come under intense scrutiny<\/a>. Both Cashfusion and Conjoin techniques are employed to obscure the origin and destination of crypto transactions, but their approaches and levels of privacy differ vastly.<\/p>\n

While Coinjoin combines multiple crypto transactions, making it difficult to determine which inputs are associated with which outputs, it is not infallible as some patterns can still be identified. In contrast, Cashfusion is considered a more sophisticated privacy technique<\/a> that utilizes a multi-party computation (MPC) protocol to blend transactions in such a way that even the participants cannot decipher which inputs are associated with which outputs. Data analyst James Waugh conducted tests on Cashfusion in 2020 and strongly endorsed<\/a> the scheme\u2019s practicality over other Coinjoin methods.<\/p>\n

With just 18 days left before the much-anticipated BCH<\/a> upgrade, Bitcoin Cash supporters are looking forward to the introduction of additional privacy-enhancing, decentralized applications. While they await the upgrade, BCH<\/a> proponents are still taking advantage of tools like BCH<\/a> Bull and Cashfusion. Along with the impressive Cashfusion milestone, this privacy application has now been integrated into the Electron Cash mobile wallet for Android systems, bolstering its accessibility.<\/p>\n

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BCH<\/a>, BCH Bull<\/a>, bitcoin cash<\/a>, Cashfusion<\/a>, Cashfusion fuses<\/a>, CoinJoin<\/a>, decentralized applications<\/a>, DeFi<\/a>, Electron Cash<\/a>, General Protocols<\/a>, Hedging<\/a>, multi-party computation<\/a>, Privacy<\/a>, Upgrade<\/a><\/div>\n<\/div>\n

What do you think about the latest Bitcoin Cash milestones ahead of the May upgrade? Share your thoughts in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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