Mediaboss Marketing

Software developer Jason Dreyzehner says smart contracts comparable to Ethereum, but remarkably more efficient will be made possible by the May 15 upgrade coming to the Bitcoin Cash network. In other news, the worlds 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.

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 which proponents view as a boon to economic freedom is the Cashtokens CHIP. Beyond UTXO-level token creation, the upgrade will allow for advanced on-chain applications like higher-security vaults, decentralized exchanges, and bridged sidechains, comparable to ethereum, more scalable, and cheaper, according to Dreyzehner.

Read More

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.

Read More

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 Chinas top diplomat for the region, the leader of the war-torn Middle Eastern country called for using the Chinese yuan for cross-border trade.

Read More

United States Senator Ted Cruz has said he remains incredibly bullish on bitcoin which he described as the alpha in the crypto sphere. According to Cruz, people are attracted to bitcoin because they see it as a hedge against inflation and also as an important check against government spending.

Read More

What are your thoughts on this weeks developments in crypto and global finance? Be sure to let us know in the comments section below.

Since 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.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: 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 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.

Read the rest here:

Upgrade to Bring Bitcoin Cash Smart Contracts, Ted Cruz on BTC ... - Bitcoin News