{"id":20655,"date":"2023-05-07T18:44:14","date_gmt":"2023-05-07T18:44:14","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/upgrade-to-bring-bitcoin-cash-smart-contracts-ted-cruz-on-btc-global-de-dollarization-efforts-week-in-review-the-weekly-bitcoin-news\/"},"modified":"2023-05-07T18:44:14","modified_gmt":"2023-05-07T18:44:14","slug":"upgrade-to-bring-bitcoin-cash-smart-contracts-ted-cruz-on-btc-global-de-dollarization-efforts-week-in-review-the-weekly-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/upgrade-to-bring-bitcoin-cash-smart-contracts-ted-cruz-on-btc-global-de-dollarization-efforts-week-in-review-the-weekly-bitcoin-news\/","title":{"rendered":"Upgrade to Bring Bitcoin Cash Smart Contracts, Ted Cruz on BTC, Global De-Dollarization Efforts \u2014 Week in Review \u2013 The Weekly Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n\n<\/div>\n

Software developer Jason Dreyzehner says smart contracts \u201ccomparable to Ethereum,\u201d but remarkably more efficient will be made possible by the May 15 upgrade coming to the Bitcoin Cash network. In other news, the world\u2019s largest regional organization, the Shanghai Cooperation Organization (SCO) plans to switch to settlements in national currencies, moving away from the U.S. dollar. This and more, just below, in the latest Bitcoin.com News Week in Review.<\/strong><\/p>\n

\"Upgrade<\/p>\n

Bitcoin Cash Smart Contracts \u2018Comparable to Those on Ethereum\u2019 Possible via May Upgrade, \u20181000x Efficiency Advantage\u2019: Dev Jason Dreyzehner<\/h2>\n

Pro-freedom technologies advocate and software developer Jason Dreyzehner recently spoke with Bitcoin.com News via email about the upcoming Bitcoin Cash network upgrade on May 15. One of the most talked about improvement proposals set to go through on that date \u2014 which proponents view as a boon to economic freedom \u2014 is the Cashtokens CHIP. Beyond UTXO-level token creation, the upgrade will allow for \u201cadvanced on-chain applications like higher-security vaults, decentralized exchanges, and bridged sidechains,\u201d comparable to ethereum, more scalable, and cheaper, according to Dreyzehner.<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"Upgrade<\/p>\n

World\u2019s Largest Regional Organization to Switch to Settlements in National Currencies<\/h2>\n

A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a common currency.<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"Upgrade<\/p>\n

Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China<\/h2>\n

BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China\u2019s top diplomat for the region, the leader of the war-torn Middle Eastern country called for using the Chinese yuan for cross-border trade.<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"Upgrade<\/p>\n

US Senator Ted Cruz: \u2018I Like BTC<\/a> for the Same Reason the Chinese Communist Govt Doesn\u2019t Like BTC<\/a>\u2019<\/h2>\n

United States Senator Ted Cruz has said he remains \u201cincredibly bullish on bitcoin\u201d which he described as the \u201calpha in the crypto sphere.\u201d According to Cruz, people are attracted to bitcoin because they see it as a hedge against inflation and also as an \u201cimportant check\u201d against government spending.<\/p>\n

Read More<\/strong><\/a><\/p>\n

What are your thoughts on this week\u2019s developments in crypto and global finance? Be sure to let us know in the comments section below. <\/strong><\/em><\/p>\n

\n
\n\n<\/div>\n
\n
\nBitcoin.com <\/h6>\n

\nSince 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance.<\/p>\n<\/div>\n<\/div>\n

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

\n

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

\n