[embed]https://TWITTER.com/bitjson/status/1857434429230076167[/embed]
The VM Limits CHIP targets Bitcoin Cash's denial-of-service mechanism, boosting the computational capacity for real contracts by over 100 times. At the same time, it reduces node compute usage by 50%, significantly improving contract efficiency. This update is crucial for the practical application of advanced technologies like post-quantum cryptography, zero-knowledge proofs, and homomorphic encryption. By simplifying contract audits and improving overall security, BCH is positioning itself to stay competitive and secure in the long run.
The second key upgrade, BigInt CHIP, introduces high-precision arithmetic to Bitcoin Cash, reducing contract lengths by over 10 times. This upgrade unlocks previously theoretical use cases, including more advanced decentralized finance protocols such as automated market-making, decentralized stablecoins, and collateralized loan protocols. BCH now supports these functionalities directly on "layer one," ensuring scalability and cross-contract compatibility without increasing compute demands.
The news of the upgrade has resulted in a modest price increase for Bitcoin Cash. As of the latest update, BCH has risen 5% in the last 24 hours to $442, marking its second consecutive day of gains. These technical improvements could further solidify BCH's position in the crypto market, particularly as the demand for scalable and secure blockchain solutions grows.