Bliss Conference + Velma Upgrade: Bitcoin Cash’s Privacy Makeover!

By alberdioni8406 | Barraca Crypto | 21 Jan 2025


One thing that still a "hidden" secret to many in the Crypto space is CASHTOKENs. This super protocol on Bitcoin Cash isn't just about creating fungible tokens and NFTs, but also enable a lot more!

The 2023 upgrade (CASHTOKENs) was the start of a big picture in Bitcoin Cash and a deployment of smart contracts capabilities that can do marvelous things on the BCH main chain. CASHTOKENs deployment made possible that,for example, Zero-Knowledge Proof (ZKP) verifications were possible but less efficiency.

THIS means that is possible to implement privacy on Bitcoin using Zero-Knowledge Proof!

But what are Zero-knowledge Proof anyway?

Well, look at Zero+Knowledge Proof as a stronger way to encrypt what you do online, no one can see what you send or with who you are making business with. Zero-knowledge Proof doesn't allow people to snoop around on others people business making privacy more efficient online and protect users financial activity.

Users who praise their privacy and freedom by using the tech behind Zero-knowledge proof have the ability to be protected by shielded addresses, ones that doesn't allow people to come around and see what everyone is doing.

Is fair to say CASHTOKENs opened the door for implementation of smart contracts capabilities on Bitcoin Cash enabling a whole new set of tools to make even better privacy on Bitcoin Cash. No doubt that still a lot of job to be done and the Velma Upgrade, this May 15, 2025 will enhance even better privacy on BCH, making it more efficient and reducing transaction sizes and costs.

Imagine, Bitcoin Cash using shielded addresses!

Bitcoin Cash is a open blockchain, cheap in fees, fast, and easy to use but when it comes to privacy still need small reshapes or use Cashfusion. So, a more stronger privacy is needed and the Velma Upgrade will make this happen.

But before this happens a whole BCH crew and enthusiasts in the industry will meet together in Ljubljana, Slovenia, to talk about technical and non technical stuff that will help Bitcoin Cash evolve. This event will happen two days before the Velma Upgrade take effect and has been named the Bliss Conference, and tickets are already on sale.

I believe that Velma Upgrade will be a very important and strong event to turn Bitcoin Cash even more popular among privacy enthusiasts as there many users out there that doesn't appreciate a currency that is all about open network, after all, privacy is a human right. People have the right to choose what they want to share and not with others and the Zero-knowledge proof feature will enable that to happen on BCH main chain.

Velma Upgrade will introduce targeted modifications to the Bitcoin Cash virtual machine to enable smart contracts that can be more complex and privacy focused. Velma will increase the resources (tools) to enhance privacy on Bitcoin Cash and make easy to deploy and integrate privacy features where shielded addresses a one of them, all without compromising scalability or efficiency on the blockchain.

Now let Me tell You why This Is a Game-Changer For Bitcoin Cash.

From now on is important to start thinking that soon enough Bitcoin Cash can have shielded addresses integrated on-chain and users be able to send or receive money without have to "mix" their coins with no one, all done by the user in his wallet. The Velma Upgrade is HUGE and with a lot of potential, not only to reinforce privacy but with a lot more to offer.

Privacy on Bitcoin Cash could be the same one found (imagine) on privacy focused cryptocurrencies like ZCash but with a differential that on BCH users can choose to use both ways, open and closed one, easier, cheaper and faster based on smart contracts capabilities. Zero-knowledge Proof will definitely be something to wait and see this 2025 and don't regret as devs on BCH are good and prepared to deliver.

Transferring money in private mode is something marvelous and I do that, for example, like I'm sending a private on-chain envelope to someone and when he opens find the money but doesn't know who sent it to him. He just find the money ready to be used without knowing the original sender! That's amazing.

The most interesting on this is that even those hidden details in the transaction, the receiver can still see the amount in the system and use it without the amount being spent twice. The upgrade will not compromise the infrastructure of Bitcoin Cash but enable that privacy tools work better and, transactions will still be fast and cheap. This means users can have privacy without having to pay more or wait longer.

Velma won't change the Bitcoin Cash chain in order to add privacy features and people can use that to experiment new ideas on the network. Privacy will be awesome on BCH but will not compromise security or change anything on the Blockchain.

Conclusion: Why Privacy Matters to Bitcoin Cash

Having a stronger privacy on Bitcoin cash will invite more privacy focused enthusiasts to the community as they love to move around their money without being monitored or controlled by no one. This kind of people love their privacy and if they find it on Bitcoin Cash I bet they will come running to the ecosystem. Interesting also is to note that BCH still and always will, a open Blockchain and Velma Upgrade will only make it have more solutions to enable transactions using Zero-knowledge Proof.

This way people can still opt to use the normal Bitcoin Cash for payments or on defi and also moved around their funds privately. ZKP features will make Bitcoin Cash more private, secure, cheap on fees and easy to use. All this is important to get more people involved in Bitcoin cash as they note that all is there and more because is not just about moving money quickly but also about keeping those moves secret when users want them to be.


Note: If you want to see more content about Bitcoin Cash also about CASHTOKENS published, DON’T forget to tip or donate to this creator (me, OFC)—or even consider becoming my sponsor. Together, we can make an impact. Below are my public Bitcoin Cash and CASHTOKENS wallet addresses for sending those amazing tips to keep me encouraged to share the gospel of Bitcoin Cash.

qpfmcvkzc7279en9zvw03xz9s0mzu4zflqsm7uljqs

bitcoincash:zz7pjvq99kylyvns6fjmyawjhxwnucgn2qwyae2ye9


WE ARE ALL SATOSHI!

Happy New Year.

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alberdioni8406
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Creator and Crypto Fan. Find me also on Bastyon here: https://bastyon.com/alberdioni8406


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