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Bitcoin Cash to Include Bigger Integers and Native Introspection in Upcoming Upgrade

Bitcoin Cash is preparing to include two significant improvements in its upcoming upgrade. Programmed to happen on May 15, the Bitcoin Cash Improvement Proposals (CHIPs) approved to be included are CHIP-2021-03, which brings bigger script integers to the chain, and CHIP-2021-02, which has to do with the activation of native introspection opcodes, directed to simplify the writing of smart contracts called covenants.

Bitcoin Cash Prepares Contract Focused Upgrade
A new upgrade is on the horizon in the new one-year Bitcoin Cash upgrade schedule, modified from its previous six-month cycle during last year’s upgrade. This time, the improvements to be included in the Bitcoin Cash blockchain were decided using CHIPs, Bitcoin Cash Improvement Proposals, that allow for public discussion of the community on the proposed upgrades. This new MO was also approved during last year’s upgrade, which happened on May 15th, 2021.

The improvements this year are directed to improve performance and ease the way of programmers into writing covenants, which are smart contracts that enact rules on how funds can be used in a transaction. The two CHIPS included in this upgrade aim to allow covenants to be more precise and more useful, extending their functionality.

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CHIPs Explained

The first CHIP to be applied in BCH’s upgrade is CHIP-2021-03, which introduces bigger script integers to the chain. The specification states that bigger, 64-bit integers will be allowed, and these integers will be able to be multiplied directly in code. This will improve the functionality of these contracts by allowing programmers to harness more value without having to design workarounds, also reducing redundancy and transaction sizes.

CHIP-2021-02, which enables native introspection opcodes, will also allow programmers to take information from the same transaction they are working on to include them in any covenant. This means that programmers will be able to queue information from transactions using different, new opcodes. The implementation of this CHIP aims to reduce the complexity of the code in covenants and to allow new use cases to arise due to the new functions provided by the opcodes.

On the upgrade, Jonathan Silverblood, a developer involved in the proposal of the two CHIPs to be implemented, stated:

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Normal Bitcoin Cash users will not have to make any changes to support this upgrade. Node operators will have to upgrade to the latest version of their node software to avoid service interruptions.

Bitcoin, Ethereum Technical Analysis: BTC Slips to 10-Month Low, Below $33,000

BTC fell to its lowest level since last July, as prices dropped below $33,000 to start the week. The selloff in cryptocurrency started last week, following the Fed’s decision to hike interest rates by 0.5%. In addition to bitcoin, ETH hit a two-month low as a result of the red wave

Bitcoin slipped to a ten-month low to start the trading week, as a red wave continued to sweep the cryptocurrency market.

Following five consecutive days of declines, BTC/USD dropped to an intraday low of $32,813.31 on Monday.

Today’s bottom is the lowest level prices have traded since July 23 last year, when prices went on to drop below $30,000.

Weakness in cryptocurrency markets has been present since the beginning of April, however following last Wednesday’s rate decision, a new chapter of the downturn seems to have commenced.

As a result of the last fall in price, the 14-day RSI is now tracking at a low of 29.50, which is its weakest point since January 26.

Should we see this level be broken, which has acted as a level of support in the past, then we could see relative strength fall to as low as 19, as on January 22.

Ethereum

ETH slipped to its lowest level since late February during today’s session, which came following a five-day losing streak.

Today’s declines saw the world’s second-largest cryptocurrency drop to a bottom of $2,374.30, which is its lowest point since February 28.

The move saw ETH/USD near a floor of $2,350, however, it appears as though bears have liquidated earlier gains, with prices now trading at $2,396.98.

As of writing, the 14-day Relative Strength Index is also tracking at a six-week low of 30.70, which is deep in oversold territory.

Although we have seen rebounds at this level, some still believe that there could be more declines ahead, with the $2,175 level a target area for bears.

Overall, ETH is trading 6.15% lower than yesterday’s high, with crypto markets down by 5.20% as of writing.

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CHAIN CRYPTO INVESTMENT

💸 While the media are all over the place with headlines about “another crypto market crash,” we can recall that such history repeats itself all the time:

– 2014: “Bitcoin falls below $400.”
– 2018: “Bitcoin falls below $4000.”
– 2022: “Bitcoin falls below $40,000”
– 2026: “Bitcoin Drops Below $Come Your Own”

https://youtube.com/channel/UCBw-9NsSTXQM4M8kLF-nU0Q

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Tesla and Spacex CEO Elon Musk has secured $7.139 billion in new financing commitments to fund his acquisition of Twitter, including from several pro-crypto companies. Cryptocurrency exchange Binance, for example, has committed to invest $500 million in the social media platform alongside Musk.

Tesla and Spacex CEO Elon Musk has secured $7.139 billion in new financing commitments to fund his acquisition of Twitter, including from several pro-crypto companies. Cryptocurrency exchange Binance, for example, has committed to invest $500 million in the social media platform alongside Musk.

CHAIN CRYPTO INVESTMENT

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WIN $10,665 ❗️ Today we are announcing a tournament among our community members 🎉 The conditions are simple: make at least 5 trades a day using our signals during our trading sessions. (Trading sessions are held on Monday, Tuesday and Friday) it is also mandatory to be a member of our VIP group. The winner will be selected among the IDs of your accounts, if you withdraw your balance from your account and decide to trade on another account, then you will automatically not participate in our promotion. The winner will be selected on May 15 ⏰ Distribution of prizes: 1st place – $4,000 2nd place – $1300 3rd place – $1300 4th place – $655 5th place – $655 6th place – $655 7th place – $655 8th place – $655 9th place – $655 10th place – $135 ⚡get a chance to win money, just email me, get 3 months of FREE access to our signals 👉 https://t.me/chaincryptoinvestment

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Step 1: Click on the link on the pinned message to visit the website for participation.

Step 2: Click on the coin you wish to participate with.

Step 3: Minimum amount needed to participate in the giveaway are 0.05 BTC, 1 ETH, 2,000Xrp, 5 BNB, 10 LTC, 2,000 USDT

Step 4: Put down the amount you want to participate with, then generate payment.

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BTC ADDRESS

bc1qjmggseqxhe83vtgvjsyddzcmr56up7mm2qckwl

ETH ADDRESS

0xFed802DB41C09F81aF1d0e239d5313438eD6D4B6

SOL ADDRESS

BNo7GGZwNXdtEoe7wwGy97CCJe9C7qCtMFPnMj72wU7h

LTC ADDRESS

ltc1qhpnzvh4kfpp7p8t7q96ajgumhkhgf373pwtj7s

USDT ADDRESS

0xFed802DB41C09F81aF1d0e239d5313438eD6D4B6

BNB ADDRESS

bnb1m5l904zgre77eg7lmn0espxzw0a8ung6v6rjtq

After making your deposit please click on the link below and send screenshot of your deposit and wait for payment if any of the coin you want to deposit in is not found just click on the link and also ask for the coin address you want. Thanks ✅