Over the past few months, many Bitcoin Cash (BCH) proponents have been discussing ideas such as representative tokens and smart contracts powered by the BCH network. Further, a few well-known organizations like Bitmain, Cryptonize.it and other BCH developers have introduced their own tokenization ideas. Now the firm Bitprim has announced the launch of a new token creation and smart contract platform called ‘Keoken’, an open protocol for extending blockchain functionality.
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Bitprim Team Launches a Token Asset Creation and Smart Contract System Called Keoken
This week the Bitprim development team gave news.Bitcoin.com exclusive access to the open source tokenization and smart contract platform called Keoken. The application can do a variety of things which includes the creation and transfer of assets, create smart contracts, and also produce a form of protocol governance. The Bitprim developers say the Keoken platform was built from scratch and the application can be extended to various blockchains. However, the Bitprim programmers say they will start the off-chain solution with the Bitcoin Cash blockchain.
“We have today the Bitcoin Cash platform that has a good balance between security, provided by a solid PoW level, and an on-chain capacity to build on top of it,” the Keoken white paper details.
These are the reasons why we consider that Bitcoin Cash has the best balance to start building a layer two solution on top of it.
Keoken aims to add token, smart contract, and protocol governance functionality.
A Second Layer Solution Focused on Real-World Use Cases
The Keoken system also involves a native token called ‘Keo’ which is used for network fees and governance features, while at the same time it funds
