The Electron Cash Portfolio will now be able to receive crowdfunding through a recently integrated extension. Crowdfunding transactions will be done using the Sighash flag.
New features for Electron Cash
The Bitcoin Cash portfolio has taken a step forward by offering new possibilities of use. Among these novelties, we specifically report the crowdfunding module that will receive funds through a Sighash flag. In addition, the integration of the Simple Ledger Protocol (SLP) will offer the possibility to create tokens in the Blockchain of Bitcoin cash. To make this action possible, without compromising confidentiality, Electron Cash has integrated the CashShuffle plug-in, allowing the user to intertwine transactions with others.
The crowdfunding of Electron Cash
There are not many portfolios that offer such services. However, the objective of this new feature is to offer the best optimization of the platform as a pragmatic tool, which can be exploited on all levels, like crowdfunding.
The functionality is accessible through Sighash-All. For this purpose, the crowdfunding transactions are quite special. They are scheduled for fundraising and if the collection mission is not completed (after a certain threshold), no transaction will be validated.
From a technical point of view, the fundraising functionality imposes conditions, in particular at the level of contributions and missions of levies. Fyookball explains:
"BTH offers you the opportunity to make crowdfunding transactions via the Sighash flag. This means that a group of different people can only sign their own contributions, but for the same transaction. "For a crowdfunding of 100 BCH, the origin and quantity of the tokens do not matter and will only be validated once crowdfunding conditions have been met: the achievement of the 100 BCH.
What do you think of these new features of Electron Cash? React in the comments section.
Posted from our website : https://infos.link/bitcoin-cash-electron-cash-implements-a-crowdfunding-service/