Bitcoin SV is ready for the world’s business

Bitcoin SV is ready for the world’s business

The Bitcoin world hasn’t been short of amazing, with several new developments since Bitcoin was revitalized in November 2018. Bitcoin SV is proving that by following Satoshi’s original plan of keeping a stable protocol and pursuing massive on chain scaling, it opens up incredible new possibilities. Altcoins parading around pretending to be Bitcoin are chasing their tail while we work on the world’s new money.

In October, we announced “Tokenized” as the winner of our £5M contest for Bitcoin Token Solutions. Their project, created by James Belding, Samuel Georges, Scott Barr, Farid Uddeen, and Brendan Lee, created a customizable smart contract system for Bitcoin SV.

Their efforts proved that Satoshi’s original vision for Bitcoin undeniably works, because they used resources only made available through massive scaling, and not through further protocol changes. For it, we rewarded them with the £5M prize.

Now I want to kick things into high gear and encourage the next wave of business applications using the Bitcoin SV and the Tokenized protocol. I’d like to invite any enterprising teams or individuals to develop their business plans that use this combination of technologies. Send us your business plans, and we’ll take a hard look at what you’re working on. With help from the great minds at nChain, who will be advising us, if we see the potential in your plan, I’ll invest in your project to help make it a reality.

Bitcoin is not just the future of money, it’s the future of business.

We’ve already seen that because Bitcoin SV offers unlimited possibilities, it’s created a Cambrian explosion of creativity and innovation. The next step to that is creating businesses and industries using the advantages of Bitcoin SV. I know people have bright ideas of how to do that, and they just might need a little support to make it a reality.

I’ve said it before but it merits repeating. 2019 will be a year of massive on-chain scaling, and that’s already proving to be true. Bitcoin SV has already proven it can sustain 64MB blocks, 103MB  blocks, and the plan is to much bigger. The protocol has already proven that betting on unlimited scaling was the correct choice.

Now, I want to plan the next step, and get the world’s new businesses kick-started. If you’re ready for the new world of Bitcoin, let us know, and we’ll get to that next step together.

Please send your proposals to [email protected]. Please remember to include an email and phone number where you can be reached.

Crypto market daily report – June 11, 2019

Crypto market daily report – February 14, 2019

The markets were once again quite staid over the past 24 hours with very little notable movement apart from a couple of currencies. Bitcoin Core (BTC) remained static at $3,611—a minimal 0.1% decrease, whilst Ether (ETH) was also static at $122 which represented the same level of movement. The Constantinople hard fork scheduled for the end of the month does not seem to be having any effect on the price, although there has been a considerable increase in the past weeks.

Litecoin (LTC) initially dropped by around 6% to give up most of the gains registered in the past days, where the price had initially rocketed to $44 after dropping to $40 but was trading at the $41 level at press time on Thursday. EOS, TRON and NEO registered significant losses over the past 24 hours, where each dropped by between 3 and 4% giving up most of the gains made over the past days.

Bitcoin Cash (BCHABC) was relatively static at the $122 mark, although this is a relatively miserable pricing level after having been well over the $200 mark at the beginning of the year. The coin has been steadily losing its value in the past weeks, although it is still a bit off its all-time low of around $75 registered in December. Bitcoin SV (BSV) was also relatively static, although it dropped by around 2% at press time to settle at around the $64 mark.

During this price crunch, NEM [XEM] has emerged as the surprise winner, rising at a rate of 6.5%. The cryptocurrency which was in the news earlier due to various announcements from the Foundation’s side certainly saw positivity in this respect.

Ethereum Classic (ETC) was the only coin in positive territory over the past 24 hours where it rose by around 4% to the $4.10 mark. Cardano was down by 2% to the $0.04 mark, whilst Stellar lost another 1% to another low of $0.075. Ripple (XRP) retained the $0.30 where it seems to have stabilized, whilst Binance Coin gave up some of its gains to settle at the $8.89 level or a drop of 3%. IOTA was relatively stable at the $0.27 level, whilst WAVES saw a drop of 4% to the $2.68 level.

The Bitcoin Vision: Episode 3

The Bitcoin Vision: Episode 3

The Bitcoin Vision is back this week—this time coming to you from Melbourne, Australia. The city is home of the Pause Fest, a creativity-infused business event with a side event organized by the Blockchain Centre and Innovation Melbourne. It’s the perfect environment to talk about the explosion of creativity in Bitcoin SV (BSV), the rebirth of the original Bitcoin.

There’s so much creativity going on in the Bitcoin SV ecosystem. First, there was the public launch of the BSV Scaling Test Network (STN), which is designed to be a permanent test network with regular and consistent large volumes of transactions. STN also includes enhancements that the nChain team used to demonstrate sustained 64MB blocks in their own testing. To learn more about STN, visit the Bitcoin Scaling Test Network site.

Now that the OP_RETURN data size limit has been lifted, Bitcoin SV has been seeing an explosion of nonstop development. But what does this mean for businesses?

According to nChain’s Jimmy Nguyen, who is also the Founding President of bComm Association, enterprises can use this potential in many different ways. For instance, businesses can embed contracts with permanency into the blockchain.

He explains, “A business could take a contract and record it permanently in a Bitcoin transaction in the OP_RETURN field so that they could find it later in the event of a dispute with the other contracting party. This will ensure permanency in the contract terms and less disagreement on what the terms were in the contract.”

Meanwhile, this week’s Satoshi shoutout goes out to the team behind one of the first Bitcoin SV block explorers, WhatsonChain.com, which recently added new features related to OP_RETURN such as being able to see the different data types embedded into OP_RETURN fields.

Then there’s also Money Button, which has gone hybrid on-chain; while Cryptofights, a mobile game with a free-to-play model, has announced that it’s moving over to the Bitcoin SV blockchain. And now making easier for BSV enthusiasts to keep track of all the meetups happening around the world, we have the Bitcoin Meetup Network. With this site, anyone running a local meetup can post information about their event. To date, meetups in cities like Brisbane, Sydney and Melbourne in Australia, Toronto in Canada, Haarlem in the Netherlands, Oslo in Norway, Singapore, London, Chicago, Keene, New Hampshire and San Francisco in the United States, and Manila in the Philippines can be found on the Bitcoin Meetup Network. Check it out here.

Finally, we have The Wright Vision, which features Dr. Craig Wright’s recent posts about the new usages of the Bitcoin SV blockchain using nChain’s intellectual property. This week, Dr. Wright wrote about the Internet of Things (IOT). The Medium post, titled Generic Thin Operating Systems for Blockchain IOT Devices, outlines solutions for increasing security and privacy of IOT devices, while at the same time, creating automatic management all by linking them to the BSV blockchain.

Watch The Bitcoin Vision: Episode 3:

While you’re at it, also check out the previous episodes of The Bitcoin Vision here.

bComm Founding President Jimmy Nguyen: No limits for Bitcoin SV

bComm Founding President Jimmy Nguyen: No limits for Bitcoin SV

The shackles are off for Bitcoin SV (BSV). bComm Association Founding President Jimmy Nguyen recently joined our CoinGeek’s Stephanie Tower to talk about how BSV is evolving with increase OP_RETURN limits, increased block sizes, and enterprise applications for the only protocol to follow Satoshi’s original vision.

One of the recent exciting changes to the BSV blockchain has been the increase of the OP_RETURN. The data size limit of OP_RETURN has been lifted without forcing a hard fork. Instead, it was achieved by allowing miners to decide what size they wanted to accept. Nguyen sees this as confirmation that BSV is on the right path. He commented:

“It’s real validation for us that the path we chose to follow with Bitcoin SV, the Satoshi Vision, lifting the limits, letting it scale as big as possible, was right, and developers would think of amazing new usages of Bitcoin if you just give them the potential unlimited power to do so.”

Nguyen is quick to point out what this means for enterprise usage as well. He says, “This is the signal, the start of Bitcoin SV becoming the world’s new data carrier network. Where the blockchain can be used to store and transmit data of all kinds.”

When asked how enterprises could potentially use the BSV blockchain, the bComm Association founding president is full of examples. “A good example is just seeing that you can create essentially a version of Dropbox on Bitcoin SV, where data of all varying types and sizes can be stored on the blockchain, miners will get paid fees for it, it’s much cheaper,” he points out as one example. He continues, “If I’m a big enterprise, one of the things I’d be thinking about are, what kinds of data could I store on the Bitcoin SV blockchain that I’d want to be able to pair with the ability to access, or give access to that data to other people, in exchange for micropayments. Instead of having large volume fees, you could individualize the access to data. And I think that opens up a whole new world of business models.”

Stability is an emphasis of BSV, and Jimmy Nguyen believes that hard forks are a thing of the past. “No more developer fights, please. No more protocol fights,” he says. “That’s part of our path of Bitcoin SV. Restore the original Satoshi protocol, keep it stable, leave it alone. Lift the limits and let developers build on top of the chain and that will unleash creativity with no bounds.”

The focus is really on massive on chain scaling, and in that area, BSV continues to progress in leaps and bounds. “There have been individual blocks mined on Bitcoin SV on the live network, of 64MB, 65MB in size, and on January 3rd of this year, 103MB in size,” Nguyen points out. “Their next step is to plan a public stress test on the live network to show that this can be done on actually the live network. And they’re confident that with increased work on the solutions to improve block and transaction propagation, they can demonstrate BSV has the capacity for even bigger than 128MB blocks on a sustained, repeated basis. “

The ambitions for BSV are much bigger, and Nguyen hopes that current block sizes will one day be considered small. He concludes, “The plan is, on Bitcoin SV, to raise the default block cap to 512MB as another step towards getting to 1GB to 2GB in size. And one day, much like Op Return, no limits. I think that’s our message. We believe in Bitcoin, #NoLimits.”

Bitcoin SV offers the best of both security and convenience

Bitcoin SV offers the best of both security and convenience

Having safe and convenient access to funds is a delicate business. Money that is locked down very securely may be too inconvenient to access. If it’s very convenient to get at, it may also be a security risk. nChain’s Sebastien Plötzeneder recently broke down Bitcoin SV’s (BSV) solution to this problem, as originally explained by nChain’s chief scientist, Dr. Craig C. Wright.

With Secure Split Key and Deterministic Key Generation, both technologies for which nChain holds patents, BSV can provide the best of both sides of the convenience-security spectrum. With this combination, Plötzeneder explains that there is no need for third parties to insert themselves, no unauthorized access to funds or data, and a superior ability to recover lost funds.

How does BSV achieve this? Through Secure Split Key, the private key can be split into several shares, and distributed to as many parties as necessary. If any part of the key is compromised, the rest of it is still secure. That makes it safe.

Access can be granted based on any security scheme the group decides on. A husband and wife together could agree they must use their parts of the key to unlock funds. Maybe it’s an individual and their wallet server. That makes your money and data as accessible as you want it to be.

Through the Deterministic Key Generation, common secrets are determined by the group, and digital signatures authenticate access. As Plötzeneder explains it, “Potential attackers are prohibited from successfully imitating points of access, even if they manage to gain parts of a common secret.” Thus, the authenticity of transactions is guaranteed, and privacy is secured.

Finally, Plötzeneder notes that because security can’t be compromised, attacks are “practically infeasible.” Thus we have convenience for the user, as they can decide to access the funds through a group security scheme, or through a combination of “a user’s set daily limits, PIN, or biometric smart card—set according to the user’s preferences and needs.”

To use a real world example use case, the current problems facing QuadrigaCX would be trivial if they had used the system described above. That company is unable to access their user’s funds because their now deceased CEO, Gerald Cotton, had sole access of the exchange’s private keys. Had those keys been split and distributed to several trusted parties, the funds would be available to the company despite the loss of their leader, and without fear of a single rogue member withdrawing all the funds for himself.

As Plötzeneder concludes, this is a key building block to nChain’s Metanet project. The innovation here provides a valuable alternative to the current status quo, since it’s a better way of keeping and sending money and data, and removes unnecessary third parties completely.

We don’t have to choose between convenience or security anymore. Thanks to nChain’s work, we’ll have the best of both worlds with BSV.

Scaling-focused changes now available with Bitcoin SV version 0.1.1

Scaling-focused changes now available with Bitcoin SV version 0.1.1

True to its roadmap of enabling massive, secure on-chain scaling, the Bitcoin SV node team rolled out on Monday the updated version of the Bitcoin SV (BSV) client.

The BSV version 0.1.1 adds scaling improvements that will deliver “crucial capacity and performance increases to transaction propagation,” according to the node team. These include faster relaying of transactions to enhance security of instant transactions and larger network messages for handling higher volumes of transactions, as well as increased parallelization of network communication.

Among the notable changes in BSV version 0.1.1 are the removal of random delay, parallelization of inventory-handling code, increase in inventory message size and in max protocol message size. The DNS Seed servers were also updated to exclude the Bitcoin Cash (BCHABC) network; the updated node client also features optional logging of transactional sources; and large invalid block messages will now cause ban instead of disconnect.

Another important update to the 0.1.1 version is the addition of the Scaling Test Network (STN).

“The scaling-focused changes in the release have all been researched and tested in the private Gigablock Testnet which is now being relaunched publicly under the new name: Scaling Testnet (STN),” the Bitcoin SV node team said.

Available on GitHub, the BSV 0.1.1 version features the advances used to achieve the sustained 64MB blocks for straight 24 hours, which showed that the network is capable of delivering constant rates of over 300 transactions per second continuously during a full 24-hour period “with no problem.” Tests for 128MB blocks are already underway, and according to BSV Node lead developer Daniel Connolly, the early results are encouraging.

The global Scaling Test Network is open to anyone in the BSV ecosystem interested in participating in a “continuous flow of transactions with rates reaching 700 transactions per second.” This initiative, according to the node team, paves the way for the creation of an environment where scaling capabilities of existing solutions and scaling technologies can be researched and verified. To learn more about STN, visit the Bitcoin Scaling Test Network site.

The Bitcoin SV version 0.1.1 builds on the improvements made in the initial release candidate, which focused on protocol stability. This time, the node team rolled out modifications that enable massive scaling of the BSV network, allowing major enterprises to build confidently on top of the regulation-friendly BSV chain. As Twitter user Brendan Lee noted: “Bitcoin [now reborn in Bitcoin SV] is scaling on-chain, ready for the world to jump on-board.”

Dr. Craig Wright: 'I was Satoshi'

Dr. Craig Wright: ‘I was Satoshi’

Google the name Craig Wright, and among of the top results would be the question, “Is Craig Wright Bitcoin Creator Satoshi Nakamoto?”

Wright, an Australian computer scientist and businessman, has already confirmed his part in creating Bitcoin, and identified himself as Satoshi Nakamoto—the pseudonymous creator of Bitcoin and its underlying blockchain technology. Yet Wright’s statement has been widely regarded with skepticism, with doubters immediately finding fault with his claims.

It’s interesting to note that despite his credentials always being questioned, Wright has been questioned by the brother of deceased Bitcoin pioneer Dave Kleiman. The complaint claimed Wright amassed a stash of 1.1m Bitcoins, but didn’t dispute the Australian computer scientist’s place as a key figure at the early development of the cryptocurrency.

Now he’s coming clean.

I was Satoshi
In a Medium post, titled “Careful what you wish for,” Wright wrote how Bitcoin got its start as well as the challenges it weathered, explaining along the way why he left and why he’s returned. He said:

“I had a lot of help along the way. Without Hal, the code would have crashed time after time. I am not going to list the people who helped my [sic] here, but Bitcoin started because of my ideas. It was my design and it is my creation. And, making certain that it cannot be subverted by criminals is and remains my duty. I was Satoshi.”

https://twitter.com/ProfFaustus/status/1093858215484407809

The post also addressed why Silk Road failed. Simply put, the nature of the blockchain doesn’t allow it to be crime-friendly. Because everything is recorded permanently on the blockchain, it provides an immutable and mathematically provable evidence whenever criminal activity takes place on the blockchain, such as in the case of the illegal content reportedly posted​ in the Bitcoin SV chain.

Wright pointed out, “No blockchain will ever be crime friendly. That is the nature of the system. The audit trail allows the authorities to track one criminal to another. We saw this in action as Silk Road was taken down, then Silk Road 2.0 was taken down and then the corrupt FBI agent who stole bitcoin was caught and arrested. Bitcoin is Sunshine. It is the cure for the festering wound that is corruption, be that from Government or from criminal groups.”

To read Dr. Craig Wright’s entire post, Careful what you wish for, check out the Medium post here.

Binance CEO: Crypto needs real projects, not ETFs

Binance CEO: Crypto needs real projects, not ETFs

The CEO of crypto exchange Binance has dismissed those striving to launch a crypto exchange traded fund (ETF), saying what the industry needs instead is more entrepreneurs and more projects to take the sector into the mainstream.

Changpeng Zhao, known in crypto circles as CZ, said during a Periscope stream that rather than ETFs, “for our industry to grow we need more entrepreneurs to build real projects.”

The comments from the influential CEO come at a time of renewed optimism around ETF proposals from VanEck and SolidX, which are hoping to clear regulatory approval with the U.S. Securities and Exchange Commission (SEC).

The prospect of an ETF launch has investors excited too, with the suggestion that anticipation was responsible for a temporary recovery in Bitcoin Core (BTC) prices. But according to CZ, continuing the development of crypto projects and creating new crypto entrepreneurs was more important to the success of the sector.

Exchange traded funds are instruments listed on mainstream financial exchanges, giving investors the chance to buy securities pegged to investments in underlying assets. In the crypto case, this would mean a mainstream, traded investment product tied to the growth of cryptocurrencies, which many assume would attract larger institutional investors into the space.

CZ’s view is that development activity will help create new products and services which will guide crypto to mass adoption, suggesting that this would be a better focus for optimism than the launch of an ETF.

In interview, CZ said he expects Amazon will eventually be forced to issue its own altcoin, which he expects will be another significant event in the journey of crypto to mass adoption and usage.

His comments come at a time of rapid growth in the number and scope of projects in cryptocurrency, with the most notable development action happening around Bitcoin SV (BSV). Preferred for its superior technological infrastructure, Bitcoin SV is winning fans amongst merchants and consumers, as well as startups looking to develop blockchain projects.

With ultra-low transaction fees, fast processing times and infrastructure designed for handling mass global scale, Bitcoin SV is fast becoming the standout choice for development projects.

Bitcoin SV sees increased adoption with Exodus support

Bitcoin SV sees increased adoption with Exodus support

If you put an undeniably great option in front of consumers, they’ll vote for it with their wallets. After Bitcoin SV (BSV) received full support from the Exodus wallet on February 6, the crypto saw a rally that put Bitcoin pretenders to shame.

AMBCrypto has followed BSV’s price this week, and declared that BSV saw “exponential growth” following its arrival in the Exodus.io desktop wallet. BSV rallied from $58.65 shortly before the news to $69.51 in a matter of hours, a 18.51% gain. It’s fell back slightly since then, but remains at a respectable $63.26, showing that the gains were real.

The outlet sees this as a rebound for BSV, following reports that illegal content had been uploaded to the BSV blockchain. Prior to Exodus’ announcement, they perceive that a drop in BSV price was due to the market taking caution against potential scandal in the BSV camp.

That view leaves out a lot of important information, however. bComm Association Founding President Jimmy Nguyen quickly denounced the illegal act, and pointed out that the BSV community has methods of preventing further crimes, while helping bring the responsible parties to justice.

Furthermore, AMBCrypto is taking a very isolated look at the market if they think only BSV suffered this week. The entire market suffered, as the crypto market downturn continues on. For example, Bitcoin Core (BTC) was at $3,521 on Sunday, and is hovering near its weekly low of $3,420 now. Most cryptocurrencies suffered similar losses, while BSV’s increased adoption helped improve its price.

The story is as simple as that. More users got BSV put in front of them as an option with Exodus coming on board, and they voted with their dollars. They know that because of Bitcoin SV’s ability to massively scale on chain, it offers the cheapest, fastest, most secure transactions, and that’s a combination that can’t be beat. Unlike BTC, the BSV blockchain has proven that it can sustain big blocks, and won’t start having network problems when you need it most. BSV’s advantages are clear, and now more crypto fans are showing their support through increased adoption.

Facebook likely not done with blockchain buy-outs

Facebook likely not done with blockchain buy-outs

It looks like Facebook will continue to make noise in the blockchain industry. The Information reports that, according to their sources, the social media giant is still considering multiple acquisitions in the sector.

Their reporting has revealed that Facebook has spoken with at least a dozen blockchain startups since they began investigating the technology. They may still spend tens of millions of dollars to acquire companies and talent.

The companies that we have a good idea that Facebook is co nsidering would all help with their effort to integrate a stablecoin payment system. They allegedly spoke to Basis, a stablecoin project shortly after their December shutdown. They also reportedly spoke with Algorand, a company working on scalable blockchains, and Keybase, an encrypted messaging app that already provides support for Bitcoin Core (BTC) and Zcash.

Each of these companies would contribute a key role in Facebook’s plan to roll out a stablecoin, for user to user transactions, for WhatsApp India.

Much like Facebook’s recent “acqui-hire” of the Chainspace team, one investor claims that Facebook is not seemingly interested in buying the work of these companies, but rather to bring on the employees, to help bolster their own blockchain effort.

Facebook executives have apparently said that they rather build their blockchain in house rather than turn to an existing blockchain, because they fear existing technology is unable to scale to the needs of their billions of users. This demonstrates an ignorance of the Bitcoin SV (BSV) blockchain, which has already proven it can scale massively on chain.

In January, BSV proved that it can both reach 103MB blocks, and also sustain 64MB blocks for a period of 24 hours. The bComm Association has also made their plans clear to scale to 1GB blocks sometime this year, and who knows how much potential there is beyond that?

Facebook’s scaling needs are indeed massive, but BSV is already proving capable to the task. As it piles on more evidence of its ability to meet the needs of big businesses, expect BSV to be the only serious option for enterprise applications.

You’ve been warned: Bitcoin SV ecosystem vows zero tolerance for illegal content

You’ve been warned: Bitcoin SV ecosystem vows zero tolerance for illegal content

For those who are thinking of adding illegal content on the Bitcoin SV (BSV) chain, consider yourself warned. The BSV ecosystem is standing firm that bad actors or groups attempting to abuse the chain for illegal purposes will not be tolerated.

This week, reports surfaced that a piece of illegal content involving child exploitation material has been posted on the BSV blockchain—in a possible attempt to hurt the network and manipulate cryptocurrency market prices. Mainstream news outlets claimed the incident is a “harsh reality” involving a proof-of-work chain “perpetually verifying the existence of child exploitation material.”

The reality, however, is this: it’s not the first time illegal content has been published on a blockchain. Even internet giants like Facebook, Google and Twitter have been grappling with this issue for years.

In 2015, Interpol cyber threat researchers identified the threat of using blockchain transactions to embed illegal data. Then in 2018, German researchers reported finding child abuse content on the Bitcoin Core (BTC) blockchain, including image files. This is similar to the recent BSV incident, but what sets BSV apart is how the ecosystem is working quickly and proactively to address the issue.

Money Button, where the illicit content was uploaded, and BitcoinFiles.org, the site on which it was discovered by authorities, immediately took action to ensure the content was blacklisted and no longer accessible. Other BSV network participants quickly followed, blacklisting the content from blockchain data viewing services as well as making it inaccessible on web portals.

Money Button and BitcoinFiles.org also updated their Terms of Service, which now explicitly state that their service cannot be used to write on the blockchain, upload or access illegal content.

Founding President of bComm Association Jimmy Nguyen also noted that moderation facilities are already in place to alert site operators of questionable content. This is in addition to efforts being done “to improve logging of source IP addresses so that more detailed evidence can be provided to law enforcement authorities.”

Bitcoin SV means business

These immediate, proactive measures, according to Nguyen, demonstrate the BSV ecosystem’s clear mandate to create a platform that lives in the real world, with real laws. He explained:

“The Bitcoin SV ecosystem does not tolerate illegal activity. Unlike the anti-government culture of many other cryptocurrency communities, Bitcoin SV is the most business friendly, government friendly, and law enforcement friendly.”

Content—illegal or not—resides in the blockchain only in the form of data, which means that it is not accessible or human viewable without specialized decoding tools and clear intent, particularly for questionable content. And because everything is recorded permanently on the blockchain, it provides an immutable and mathematically provable evidence whenever criminal activity takes place on the blockchain. BSV, in particular, is not designed for anonymity, so the digital signatures used to authorize Bitcoin transactions creates a public and undeletable evidence trail. In fact, Money Button said after investigation, they “have banned the user responsible for creating those transactions.”

“On behalf of the bComm Association (the leading industry association for Bitcoin SV) and the entire BSV ecosystem, we want to send a very clear message: the Bitcoin SV blockchain is a not a place for criminal activity, and if you use it for illegal purposes, you will leave a digitally signed evidence trail that cannot be erased. This evidence is fully admissible in a court of law, and you will likely be caught and prosecuted. Think twice and be prepared for legal action before you try adding illegal content to the blockchain. We stand ready to work with global law enforcement authorities to stamp out this and any other illegal misuse of Bitcoin,” Nguyen said.

Read the full bComm Association statement, Zero Tolerance for Illegal Content on Blockchains, here.

Exodus wallet adds full support for Bitcoin SV

Exodus wallet adds full support for Bitcoin SV

Adoption of Bitcoin SV (BSV) continues to expand. As of February 6, Exodus, the desktop cryptocurrency wallet, has announced that they are now fully supporting BSV.

The news came in a tweet, announcing the new 19.2.5 version of Exodus, as well as the addition of support for BSV. The wallet is now capable of sending, receiving, and exchanging BSV, as well as provide transactions export, notifications and personal support.

Aware that many users holding Bitcoin Cash (BCHABC) may now want to claim BSV they were entitled to when Bitcoin was reborn in the November 15, 2018 hard fork, Exodus has provided an easy to follow guide for users to use, both for Exodus and for other wallets.

Currently, Exodus is developed for Windows, macOS and Linux, but their website advertises a mobile version will be coming to the Apple App store sometime this year.

BSV fans were enthusiastic about the update. One tweeted at Ledger, encouraging them to follow suit. If Exodus can add BSV support as a free desktop platform, why can’t a money maker like the Ledger hardware wallet?

As Exodus offers exchange support for nearly 100 other cryptos, this provides yet another easy way for people to get themselves some BSV. If you need more help doing that though, our Charles Miller recently wrote about his easy experience buying BSV for himself.

This news comes just a few weeks after the world’s largest crypto exchange, Binance, added BSV trading pairs. Momentum is steadily growing for BSV, as more businesses and customers recognize the benefits of large blocks, and the ability to massively scale on chain. BSV has already proven it can sustain 64MB blocks for 24-hour periods, and has already achieved 103MB blocks in testing. The benefits of scaling are clear: consistently faster, safer transactions, and without network congestion, cheap as well. No other crypto currency can offer that.

That’s because BSV is the only cryptocurrency to follow Satoshi’s original vision. That vision was born mature, and because Bitcoin was reborn in the form of BSV, only BSV can fulfill the world’s need for a global digital currency.