CoinGeek to Invest $300K in Electron Cash Projects

CoinGeek.com has announced funding of up to $300,000 per year for Bitcoin Cash open source projects to be developed by the Electron Cash team
31 January 2018   165

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.
 

Jimmy Nguyen

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

Athena Bitcoin adds Bitcoin Cash to its ATMs

Athena Bitcoin adds support for Bitcoin Cash to their machines
19 February 2018   70

Rising interest in Bitcoin Cash has made a big impact on cryptocurrency market and service providers alike. The rising exchange rates and more widespread support on exchange platforms contributes to the fact. And this can;t be ignored by companies involved in Bitcoin ATM business. They wouldn't want to be left on the side in such a quick-rising market. So Athena Bitcoin took a logical step and added support for Bitcoin Cash to their ATMs.

In the case of Athena Bitcoin, it's an interesting step because of many reasons. The don't plan to drop Bitcoin anytime soon, so it's just an expansion of bases, rather than a complete turnover. Also added support will be interesting to statistics, because Athena's widespread coverage in several US states will allow to see, whether or not BCH is more popular than BTC in some states.

Bitcoin Cash support will also allow for BCH to fiat conversion with two-way machines available in Athena's network. Added competition doesn't thrill Bitcoin Core community, but BCH enthusiasts are quite happy with this situation.

So far Athena Bitcoin is one of the first providers to give such opportunity to the masses, so it would be interesting to see if other ATM networks will follow the example. Decisions like that are always more than a little controversial so we'll have to wait and see if it pays off.