The Cash Consortium Releases the Open Standard Initiative for Bitcoin Cash (BCH)
The Cash Consortium (C2) is a Bitcoin Cash organization founded this week that aims to be a technical group which would follow the World Wide Web Consortium's (W3C) open standards. The main intention is to bolster opens standard development so as to provide long-term Bitcoin Cash (BCH) growth.
The C2’s mission as an international community, is to lead Bitcoin Cash to its full potential by developing protocols and guidelines that ensure the long-term growth of the blockchain. The consortium affirms that it adheres to the principles in support of The Modern Paradigm for Standards – cooperation, due process, broad consensus, transparency, balance and openness.
The main two principles of The Cash Consortium are Bitcoin Cash for all and Blockchain Everywhere.
“Money is critical to the human condition. Bitcoin Cash and Blockchain technology enable financial sovereignty in a way which is unique in history. One of C2’s primary goals is to make these benefits available to all people, whatever their age, gender, nationality or financial status,” reads the official site of The Cash Consortium.
At the same time, the Consortium believes that Blockchain will be able to have an important impact on the society, as well as the Web had in the past. That can be seen in the increase interest from enterprises trying to adopt distributed ledger technology and provide better services and products.
The Cash Consortium website explains:
“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.”