This week news.bitcoin.com spoke with Carlos Cardona from the open source Bitbox toolkit project. Over the next thirty days, Bitbox is hosting two BCH-centric hackathons that aim to bring the bitcoin cash development community together to build innovative applications using the decentralized network.
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Emerging Platforms Need a Framework Which Encapsulates Everything the Platform Offers
On April 21, and on May 15 the same day as the upcoming BCH hard fork, the open source toolkit project, , plans to host . Developer explains to news.bitcoin.com that Bitbox is a suite of tools that can supercharge a developer’s BCH workflow. “It consists of a one-click bitcoin Cash blockchain, command line utility, and a javascript API which lets you accelerate how quickly you can create an amazing application,” Cardona details.
Emerging platforms need a framework which encapsulates everything the platform offers into a suite of building blocks for developers — Bitbox is the toolset which lets you build bitcoin Cash apps 10x faster.
In Cardona’s opinion, the greatest opportunity in the entire space is to empower developers and accelerate their workflow. “If we do that right we can set off the entire industry,” the developer explains to news.bitcoin.com.
The Bitbox toolset.
Two Hackathons and One Very Special Upgrade
On Saturday, April 21st the hackathon will be about networking, setting up development environments and on-ramping devs to the Bitbox workflow,” Cardona explains.
May 15th is a huge opportunity to galvanize the BCH dev community as this event will get a ton of worldwide press. A lot of creative energy which has been pent-up since before the fork can begin to channel in a productive way — BCH can start to differentiate itself.
The Tuesday, May 15th hackathon will be about showcasing the new features of BCH including the 32 MB block size limit increase, new and reactivated (which Cardona has already enabled in Bitbox) and larger OP_RETURN data size. There is currently a total of two BCH in prizes for each event. One BCH for first place and 0.5 BCH for second place and 0.25 BCH each for two runners-up.
“The Bitbox toolset is general purpose,” Cardona tells news.bitcoin.com. “If your app needs any type of BCH integration at all from entropy and mnemonics to transactions to signing messages and much more, BITBOX is the solution. We have scaffolds for react, angular, nextjs and nodejs which let you bootstrap a basic BIP44 wallet in any of those frameworks in under a minute to help get people up and going.”
Some BCH application/platform ideas:
New transaction types. We have new OP codes. What can we do with them?
Mobile app for the MemoBCH Protocol. The code is already to the chain per the MemoBCH protocol.
Wallets. Paper wallet generator. Online digital wallets.
Games
Donation apps
More developer tools. For instance, it would be helpful to have a web GUI for the entire BCH JSON RPC similar to .
The Birth of an Entire Industry
The Bitbox developer says that it’s his intention to showcase all of the Bitbox features as well as additional functionality after the May 15th upgrade. “The BCH toolset has app scaffolds, a paper wallet generator and console with the entire API of dozens of utility methods built in — And already supports the new OP codes and blogs posts are incoming with instructions on how to write custom scripts,” Cardona notes.
The pace of innovation on the bitcoin Cash chain is light speed. Each week we’re seeing apps launch which push the boundaries of blockchain technology — The entire industry looks completely different than just three months ago — Imagine where we’ll be in three months. I like to look around and appreciate that I’m witnessing the birth of an entire industry. This is an incredibly special time and I’m stoked to share it with everyone involved.
What do you think about the Bitbox bitcoin cash infused on April 21 and May 15? Are you excited that developers are about to get new Op codes that may help them deliver awesome applications for BCH? Let us know what you think about these hackathons in the comments below.
Images via Shutterstock, Bitbox, and Twitter.
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We’ve been enjoying a significant upturn in the crypto-markets over the past week or so, and this has been observed across the top-dog coins (bitcoin, Ethereum, etc) as well as up and coming ‘altcoins’. This is likely a strong sign that the crypto markets are on their way towards a long-anticipated recovery. As such, it would be hard to make a bad investment right now without practising profound ignorance!
There are, however, some tried and tested techniques for crypto investment which can be relied on no matter the health – or lack thereof – seen in the markets. It’s the identification of and early-involvement with promising coins at either ICO stage, or simply before they get listed on the larger mainstream trading exchanges.
Here are a couple of our top tips…
1. Value Changes & Leading Exchanges
Being listed on a leading crypto exchange can significantly impact the trading value of any coin. Just look at Red Pulse (RPX) for example: a coin of Chinese origin which has recently enjoyed moderate success.
When grounded rumours began to spread that Binance was planning to introduce NEP-5 coins to their repertoire, it only took a quick Google search to discover that Red Pulse was the largest and most notable NEP-5 coin available at the time. Enterprising traders and investors who took advantage of this opportunities enjoyed an increase in value of between the 5th February 2018 and of the very same month.
2. Roadmap & Vision: Essentials for Success
bitcoin is the original and longest standing cryptocurrency, having been the first to successfully define and execute upon distributed ledger theory with a working and highly effective use-case. Over the years, the coin has managed to maintain its dominance across the markets due to recognition. This is in addition to a continuously improving portfolio of technical features (see: Lightning Network).
Despite its market cap and overall value it could be argued that bitcoin is a victim of its own success. One example is how the size of fees charged to users for performing transactions, as well as processing times, grow as a direct result of the popularity and value of the coin,.
As a coin whose original vision was to provide a decentralized solution for fast and cheap cross-party payment transactions, such a detriment to service is a significant flaw. This is what has inspired many competing Blockchains and cryptocurrencies to attempted to plug that gap with higher quality, cheaper, faster services.
3. Disruption: The Final Frontier
The final indicator of a truly promising coin, is one which sets its sights not on incremental improvements, but on the comprehensive revolution of existing (and often stagnant) marketplaces. This is where we come to our final example.
(BWX) is a coin which has a lot going for it, even in its early stages (the pre-ICO sale was completed earlier this year, raking in 25 mln Singapore Dollars). The team’s goal is to change the face of the ‘gig’ economy through the use of cutting edge decentralized technology.
By doing this, they plan to resolve and mitigate many prevalent issues which have long-gone unchallenged by the existing market leaders. Here is just a handful of ways that Blue Whale are set to change the industry:
Creation of a decentralized Blockchain based proprietary economy: BWX coin will act as the transactional currency used by all participants in the platform (both client and freelancer). Benefits include free and instant cross-country transaction processing, in addition to significantly reduced taxation and commission fees.
Smart Contracts: Escrow is great. However, the definition and enforcement of contractual terms are often difficult to administer. The implementation of smart contracts ensures that agreed terms are autonomously enforced and instigated.
Based on the ICON Blockchain: Blue Whale is set to be the very first coin to be forked from the ICON Blockchain. The company has promised to provide the utmost support and tools to the Blue Whale team to make sure it is a great success!
Employment Benefits: In an industry first, the Blue Whale team has announced plans to provide benefits to freelancers which rival traditional job contracts. While details at present are minimal, the whitepaper suggests the possibility of features such as paid holidays and retirement plans.
Leadership Expertise: Furthermore, the organisation has been incrementally growing their talent, and recently added Mai Gang, co-founder of OKCoin, to their advisory team.
The Blue Whale’s ICO is set for a May launch. To find out more about this highly promising new coin & platform check out their official .
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