The important update called “CashTokens” on Bitcoin (BTC) fork Bitcoin Cash today brought about 6% increase in BCH price.
Critical to Bitcoin Cash CashTokens network upgrade Today TSI 15.00 will take place in the waters. The highly anticipated upgrade is almost Ethereum (ETH)-based. ERC-20 will activate a structure similar to the protocol and decentralized apps (dApps) will allow it to be used and developed directly on the Bitcoin Cash network.
According to a statement by the developers, CashTokens is a network upgrade that helps accelerate transaction times beyond integration with decentralized structures. to smaller transaction sizes on the network and an extra security will provide.
Binance will also support
The network upgrade in question will be supported by the cryptocurrency exchange Binance. In order to be ready for the upgrade that will take place at 15.00 on Binance As of 14.30 CEST BCH deposits and withdrawals suspended will receive. BCH deposits and withdrawals will be completed once the upgrade’s integration with the network has been completed. when stable flow will be reactivated.
This critical upgrade on Bitcoin Cash after a long time and the subsequent Binance support have been on the price in the last 24 hours. close to 6% triggered the rise and made the investors happy.
According to CoinGecko data, BCH is at the time of writing. at $118.52 is being traded.