The Bitcoin Cash network is very sophisticated and evolved, allowing not only transfers or payments to be made between addresses connected with the ecosystem but also ensuring that smart contracts can be built on top of the blockchain.
One of the first decentralized finance (DeFi) smart contracts on top of Bitcoin Cash is BCHBULL, a General Protocols product that uses AnyHedge technology, allowing consumers to leverage and hedge Bitcoin Cash.
By using BCHBULL, Bitcoin Cash holders can secure a return on the invested amount without having to sell the Bitcoin Cash they hold.
BCHBULL is the only protocol running on the Bitcoin Cash blockchain that allows consumers/users to leverage (take long positions up to 5x) or hedge against fiat currencies, cryptocurrencies (including BTC and ETH, also precious metals like Gold)—all done using smart contracts.
It is a unique decentralized, non-custodial, no-middleman smart contract application that allows operations to be performed on-chain using UTXO technology.
BCHBULL confirms the excellence of the Bitcoin Cash blockchain. It is capable of supporting smart contracts that interact within the network and allow decentralized finance to be deployed, ensuring that consumers have an additional use case for the Bitcoin Cash they hold without needing to sell it.
BCHBULL Main Features
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Use of Anyhedge Technology
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AnyHedge is the technology that powers BCHBULL and ensures that users can leverage Bitcoin Cash, taking long positions up to 5x using a range of fiat, crypto, and precious metals.
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Smart contracts are created by the two involved parties who agree to use Bitcoin Cash and do not need permission for the operation to be carried out—Permissionless Contracts.
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BCHBULL is decentralized, does not hold any Bitcoin Cash from users (all users control the Bitcoin Cash invested), and the application does not hold any user information. It only serves as a link between the parties involved, maintaining no risk to the parties.
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This tool instead of just allowing those involved on leverage positions by up to 5x using Bitcoin Cash as the basis for a set of assets (fiat, cryptocurrencies, and precious metals), BCHBULL also facilitates the introduction of more coins to help users invest with their preferred currency against Bitcoin Cash.
Conclusion: BCHBULL Is More Than Just a Smart Contract – It’s a Revolution!
In the first month of its release, more than two years ago, the BCHBULL web application registered an investment flow of 6,000 BCH and the creation of 1,100 smart contracts in operations made completely on-chain. The application was developed with the community in mind, with community support and technical aspects carried out by General Protocols.
BCHBULL opens a new page in the Bitcoin Cash ecosystem—a game-changer where it is possible to create smart contracts in a decentralized way on top of Bitcoin Cash. These contracts interact to revolutionize non-custodial finance without human intermediation.
On top of only enabling payments and purchase of immediate consumer goods on dedicated stores that accept Bitcoin Cash, people also can make it possible to create an Industry guided by smart contracts to leverage and hedge BCH without having to sell it.
Important LINKS:
Website: https://bchbull.com
Twitter: https://twitter.com/bch%5Fbull
Read more about AnyHedge: https://anyhedge.com
General Protocols: https://generalprotocols.com
*Investment is risky; invest only what you can afford to lose.
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