Bitmain, the largest crypto miner and Asics manufacturer, has forked Omni Layer into a Wormhole protocol to provide the same capability for Bitcoin cash.
Omni Layer permits for the introduction of latest tokens that run on top of bitcoin, inclusive of Tether, through the usage of Op_Return. of their specifications, Omni says:
“Bitcoin has some little-recognised advanced features (inclusive of scripting) which many people imagine will permit it to carry out fancy new tricks sooner or later.
The Omni Protocol makes use of precisely NONE of these advanced capabilities, because aid for them isn't always assured within the destiny, and the Omni Protocol doesn’t need them to embed information in the block chain.
translated declaration. they say:
“We have been exploring approaches to enforce smart contracts on Bitcoin coins blockchain without converting the consensus regulations.
After tremendous studies attempt, we have paid interest to the OmniLayer protocol, a scheme to comprehend token issuance thru the OP_RETURN opcode…
since the Omni Layer protocol makes use of the MIT license (open supply), we forked the Omni Layer protocol and carried out the tech feature on Bitcoin coins blockchain to acquire token issuance.
We named this technical answer Wormhole protocol, and the authentic token inside the protocol is known as Wormhole coins.”
interestingly, they trace at a dislike for Op_Group, which they are saying enables capability much like that of ERC20 tokens.