CoinGeek, a cryptocurrency news site with a focus on the new Bitcoin Cash technology, has announced funding of up to USD $300,000 per year for Bitcoin Cash open source projects. The projects will be developed by the team of Electron Cash, which is an electronic wallet tailored for the BCH chain, and supported by nChain, the blockchain research & development specialist.
This new Electron Cash initiative comes hot on the heels of CoinGeek.com’s funding of another open source project, Terab. CoinGeek.com announced on Monday that it is funding of up to 3.6 million Euro to support Terab, an open source initiative that will solve a key technical issue to enable the Bitcoin Cash chain to massively scale to terabyte size blocks and 7 million transactions per second.
As it is reported on the CoinGeek website, the Electron Cash team and nChain will mutually agree on what software projects will be done under this initiative, including the development of:
- Blinded threshold signatures in the Electron Cash wallet
- A new ‘native’ version of the Electron Cash Android wallet
- An iOS version of the Electron Cash wallet
This three-party initiative with Electron Cash, CoinGeek.com and nChain exemplifies the teamwork that is needed, with groups around the world, for Bitcoin Cash to succeed. We’re especially excited to work with the Electron Cash team to help realize implementations of some of our patent-pending inventions – such as blinded threshold signatures.
nChain Group, CEO
At the moment of press, these are main market parameters of Bitcoin Cash:
Average price: $1 478,92
Marketcap: $25 055 529 883
24h volume: $852 233 000