Over the past few weeks, the bitcoin cash (BCH) community has been discussing the use of ‘op-codes’ with the BCH chain. The technology could allow the creation of different types of metadata implementations like colored coins and representative tokens, alongside the ability to perform smart contracts, but in a more simplified manner as opposed to ethereum’s solidity programming language. The subject of re-activating certain op-codes and scripting abilities has invoked some excitement from BCH proponents and this May after the bitcoin cash hard fork the community will see some new op-code features.
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Bringing Op-codes, Colored Coins, and Smart Contract Functionality to the Bitcoin Cash Network
Bitcoin cash is forking on Tuesday, May 15 at approximately 12:00:00 UTC, 2018 and will feature a 32 MB block size upgrade, and “several bitcoin script operation codes (op-codes) being added or reactivated.” Op-codes are basically an abbreviation for ‘operation codes’ which is essentially a portion of machine language instructions that enable the performance of a specific task. The Bitcoin Cash codebase uses a scripting system in transactions using a Forth-like process, and the protocol has the ability to create colored coins, and simplified smart contracts that can perform automated functions.
The resurrection of op-code deployment has been discussed for quite some time, but was recently brought back up when Bitcoin Unlimited’s Andrew Stone launched the ‘Op-Group’ meetings on Github. Bitcoin cash developer participants at the meeting included Amaury Sechét of Bitcoin ABC, Dan Connolly of bitcoin.j.cash, Steve Shadders of Nchain, and other programmers.
“In order to support non-trivial cash use cases for the bitcoin cash blockchain, a number of ecosystem participants would like to see some of the
