On Monday, Oct. 8, Jonald Fyookball, the lead developer of the bitcoin cash-centric light wallet Electron Cash, revealed he has developed a crowdfunding module for the Electron Cash wallet. The feature allows anyone to raise funds from within the Electron Cash wallet through a process that uses the Bitcoin protocol’s Sighash flag.
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Electron Cash Developers Contemplate Fundraising With Bitcoin Cash Sighash Flags
The Bitcoin Cash (BCH) developer Jonald Fyookball and the Electron Cash development team have been adding a lot of features to the wallet recently. A few weeks ago news.Bitcoin.com reported on the Electron Cash integration with the Simple Ledger Protocol (SLP); a feature that allows wallet users to create BCH-based tokens. Then on Sept. 27, the programmers released improvements to the privacy-centric coin tumbler, Cashshuffle.
On Monday, Oct. 8, 2018, Fyookball announced he has developed a proof-of-concept crowdfunding module for the Electron Cash wallet. The software uses the Bitcoin network’s Sighash_All flag process, which enables people to donate fractions of BCH, and none of the transaction inputs will validate until the fundraising goal is met.
“Bitcoin gives you the ability to do a crowdfunding type transaction through the All/Anyone-Can-Pay Sighash flag,” explains Fyookball on the social media platform Yours.org. “This means a bunch of different people can sign only their own input but for the same transaction output — For example, let’s say I want to fund raise 100 BCH for a project. Individuals can donate 1 BCH, 2 BCH, 0.4 BCH, whatever they wish. None
