BitcoinCash Weekly News December 16th 2024 by the BCHF

By Bitcoin Cash Foundation | Bitcoin-Cash | 16 Dec 2024

A CHIP OFF THE OLD BLOCK: BCH DEVELOPER JASON DREYZEHNER PROPOSES THREE NEW UPGRADES

Jason Dreyzehner a prominent BitcoinCash developer, has proposed three new improvement proposals for the May 2026 BCH upgrade. The proposals aim to enhance the BCH network’s functionality and efficiency. The first proposal, CHIP 2021–05 Loops, introduces bounded looping operations to the BCH virtual machine, enabling more complex and efficient contract designs. The second proposal, CHIP 2024–12 OP_EVAL, allows for function evaluation, making it possible to factor BCH contract bytecode into reusable functions. The third proposal, CHIP 2024–12 P2S, standardizes Pay to Script (P2S) outputs, improving wallet ecosystem safety and simplifying contract design. These proposals have the potential to make BCH contracts more efficient than those on other chains, such as Ethereum and Solana, and are expected to be improved and discussed in 2025.

BCH-POWERED ADVERTISING PLATFORM PURELYPEER REACHES FUNDING GOAL

PurelyPeer, a decentralized, peer-based advertising platform, has successfully funded its Flipstarter campaign, reaching its goal of 180 BCH. The project aims to drive financial inclusion and community growth by linking peers through BitcoinCash transactions. PurelyPeer’s innovative approach rewards users for interacting with micro-ads from local businesses, promoting a purely peer-to-peer economy. With its self-custodial digital wallet and affordable advertising model, PurelyPeer seeks to accelerate local economic development and reduce poverty levels globally. The team plans to use the funds to finalize beta testing, release an alpha version of the app, and enhance its features, including location search, CashTokens support, and OP_RETURN tags.

PAYTACA POWERS AHEAD WITH MERCHANT ADOPTION AND EXPANSION

Paytaca, a leading BitcoinCash wallet and payment platform, is making waves in the digital payments space with its rapid merchant adoption and expansion. In a recent episode of Paytaca Talks, Jesus “Ganggang” Horca shared his inspiring story of onboarding local businesses in Ormoc City, Philippines, to the Paytaca platform. Meanwhile, Paytaca has announced that 21 new verified businesses have joined its network in the past 30 days, with 17 in the Philippines and 4 in Taiwan. These businesses, ranging from restaurants to retail shops, now accept BCH payments seamlessly through the Paytaca POS. With its growing merchant network and user-friendly platform, Paytaca is empowering local businesses to thrive in the digital age and making cashless transactions powered by BitcoinCash a reality.

KNUTH C-API GETS A BOOST WITH V0.54.0 RELEASE

The Knuth C-API has just received a update with the release of version 0.54.0. This latest iteration brings a range of improvements, including extended build info for better debugging, improved unit tests for limits, and fixed CMake build issues. Additionally, the release includes a clean-up of legacy files, ensuring a smoother development experience for users. The update also introduces new features.

BCH WIZARDS CAST A SPELL OF SUCCESS ON FIENDISH & FRIENDS #5

The BitcoinCash community is bubbling with excitement as the Moria USD stablecoin, launched by Riften Labs, continues to gain traction. In a recent episode of the Fiendish & Friends podcast, Dagur, CEO of Riften Labs, and Halvor, Shadow Wizard Arch Mage, discussed the success of Moria USD and Cauldron DEX. With over $20,000 in total value locked, Moria USD is maintaining its peg and providing a safe and transparent way for users to store value within the BCH ecosystem. The Cauldron DEX, built on the original Bitcoin philosophy, is also seeing significant growth, with thousands of unique wallets and a novel approach to tokenized time. As the BCH ecosystem continues to expand, it’s clear that Riften Labs magic is playing a legendary role in its success.

BCH PODCAST GETS THEIR MEME ON

The BitcoinCash community recently tuned in as the winners of the BCH Podcast Meme Competition were announced. The competition, which aimed to create engaging and humorous content around BCH, drew in a wide range of creative submissions. Fiendish Crypto took home the top prize with his innovative token that allows users to buy minutes of his time. Other notable mentions included the “Someone” token, which pokes fun at the common phrase “someone should do this,”. The competition is just one example of the growing enthusiasm and creativity in the BCH community, which is gearing up for its next major event, the BCH BLISS 2025 conference in May.