This week a Bitcoin Cash organization was founded called the Cash Consortium (C2) that aims to be a technical group framed off of the World Wide Web Consortium’s (W3C) open standards. C2 is an international community that intends to bolster open standard development in order to provide long-term Bitcoin Cash growth.
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The Cash Consortium: Open Standards for Bitcoin Cash
Much of the cryptocurrency community understands what open source or open standard development is, and most of them embrace the idea. Furthermore, organizations like the W3C and other believers of open standards welcome the sharing of open sourced code that allows anyone the rights to study, change, and distribute OSS protocol for any purpose. Open standards also allows other developers to review a protocol’s design in order to prevent flaws and bugs within the software by coming up with sets of development standards that everyone agrees to and uses. The Cash Consortium will have engineers from leading companies to work together to build Bitcoin Cash (BCH) development standards much like how developers build on the open web with shared concepts like HTML.
“The C2’s mission is to lead Bitcoin Cash to its full potential by developing protocols and guidelines that ensure the long-term growth of the blockchain,” explains the C2 website.
Bitcoin Cash is the soundest money the world has ever known. It has scarcity, fungibility, divisibility, durability and transferability. It’s our intention that it remain the soundest money the world has ever known — Bitcoin Cash enables smart contracts/property, colored coins, tokens, ICOs and much more. We intend to standardize these emerging technologies in a way that plays to Bitcoin Cash’s strengths.
