Bitcoin SV Vision: Episode 24

The Bitcoin SV (BSV) community has never been busier, with developers, merchants and consumers turning to BSV in increasing numbers. In the latest episode of Bitcoin Vision, founding president of the Bitcoin Association Jimmy Nguyen discussed some of the most exciting developments in the world of BSV, including an important update on the 2nd Bitcoin SV Virtual Hackathon.

Run virtually in August, the Hackathon was organized by blockchain research firm nChain, and sponsored by CoinGeek. The response to the event was overwhelming, with applications from teams spanning no fewer than 35 countries globally.

Of those, Nguyen reported that 18 made it to the finish line with qualifying submissions, which were then filtered by the judging panel to leave the final three.

The theme of the event was “the use of bitcoin,” with teams tasked with developing apps that offer meaningful ways for ordinary people to engage with BSV micropayments.

The first finalist is BitQ&A, a question and answer application that allows users to ask questions and receive answers, incentivized by BSV rewards. Hailed as an effective incentive model for growing knowledge in the BSV community, the app is seen as a potentially valuable resource for BSV developers in future.

The second finalist is Codugh, which allows developers to monetize API calls in BSV. Consumers spend bitcoin when they call APIs, which solves a currently difficult-to-monetize yet crucial development activity.

They are joined by Hive, an app for organizing knowledge through BSV. Hive organizes data into beehive structures by topic, which can be linked to other hives in order to create a more coherent pool of information — akin to structuring the Internet in a more user-friendly way, with the help of BSV.

A rep from each team will be flown to the CoinGeek Seoul Conference 2019, taking place at the Le Meridien Hotel on October 1-2, where the judges will consider and unveil the winning team.

The episode also explores RateSV, a platform which allows users to earn BSV by investing in a real-time financial data channel. Channels can earn through API requests or by hosting ads, with rewards paid in BSV. Version 2.0 is expected to launch this month.

Crypto exchange OKEx, the world’s 12th largest by volume, has announced a daily settlement option for BSV futures, down from the currently once-per-week settlement. Designed to deliver an optimized trading experience, the move comes after a little over seven months of support for BSV.

September Bitcoin SV London Meetup highlights

The latest Bitcoin SV London Meetup took place on September 5th in Central London, an event organized by the Bitcoin Association with the intention of nurturing the local Bitcoin SV community in a relaxed, informal setting.

This edition of the Bitcoin SV London Meetup series had a laser focus on the upcoming CoinGeek Seoul Conference, taking place October 1-2, with special guest appearances from the Bitcoin Association’s Jimmy Nguyen, nChain’s Steve Shadders and Dr. Craig Wright. The trio separately delivered brief presentations on what most excites them about CoinGeek Seoul and how the event has been designed to push forward the Bitcoin SV vision.

“As I always like to say, its time for Bitcoin to grow up. And for it to grow up, it needs to get beyond the crypto hobbiest ecosystem and get into mainstream”, Nguyen told CoinGeek.com.

“We have been reaching out to enterprises to educate them about building on Bitcoin SV and attracting them to come to CoinGeek Seoul to learn more. We’ve been reaching out to people in the traditional, institutional investment community – on Wall Street, in San Francisco, in other places – to educate them about why Bitcoin SV is a great asset class for they and their clients to consider”, he said.

“And finally, we’ve been reaching out to venture investors so that more investment funds around the world are starting to take a look at Bitcoin SV”, Nguyen added.

Nguyen pointed out that specific to CoinGeek Seoul, there will be an investment panel on the second day of the conference with a series of investors who will reveal the things they look for when considering investing in a Bitcoin start-up.

The Bitcoin Association will also be hosting a pre-event “BSV Venture Pitch Day” on September 29th, two days before the formal CoinGeek Seoul Conference. On this day, hand-picked start-ups will pitch their projects in front of a panel of different investors for the opportunity to be considered for investment.

Attendees were delighted with Dr. Craig Wright’s presence on the night and he spoke on the importance of engaging more developers within the Bitcoin SV ecosystem, highlighting how CoinGeek Seoul will help him achieve this goal.

“We want to actually get people engaged in building. I keep saying this. A distributed system needs developers everywhere. We need lots of systems, we need lots of people actually building an ecosystem”, Dr. Wright shared.

“You can’t make a currency like Bitcoin that is really something that takes a life of its own on and grows without lots developers who take these things up and do them”, he said.

Steve Shadders spoke more on the technical side, emphasizing the significance of the upcoming Genesis upgrade and his goal of educating BSV enthusiasts at all levels of the upgrade’s importance for the ecosystem.

“My presentation on the technical day is going to be specifically about Genesis.  It is important because its one of the most ambitious consensus changes that’s been done in the history of crypto.  I think we’re making more consensus changes in this particular upgrade than has ever been done before”, Shadders revealed.

Bitcoin SV London meetup this Thursday to feature big names

Bitcoin SV (BSV) meetups have become extremely popular, with new gatherings launching across the globe on a regular basis. They are a great opportunity for BSV enthusiasts – and even those just curious about the digital currency – to get together in a relaxed atmosphere and discuss what’s going on in the Bitcoin ecosystem. One of the most entrenched meetups is the London Bitcoin meetup, which is preparing for its next reunion this Thursday. This time, though, there are several key BSV figures that are going to attend.

According to a tweet by the Bitcoin Association, “Join the growing #BSV community this Thursday 5th Sep at the #LondonBitcoinMeetup with @bitcoinassn founding president @JimmyWinMedia and @nchainglobal CTO @shadders333. Free entry from 6pm at the @huckletree Shoreditch.”

The Bitcoin Association’s founding president is Jimmy Nguyen, who has been involved in BSV’s growth since the beginning. The organization was developed to provide a single point of reference for businesses, exchanges, developers, miners and more in the Bitcoin ecosystem in order to increase awareness and adoption of Bitcoin as the currency for Bitcoin commerce, or bCommerce. 

nChain’s chief technical officer (CTO) and technical director Steve Shadders is one of the most prolific developers in the blockchain community and has been working tirelessly to help ensure Bitcoin stays true to its goal of being the leading blockchain for business solutions. He recently commented on BSV’s Quasar upgrade and the advantages BSV has over other blockchains, explaining, “What we’re actually doing with the Quasar upgrade is demonstrating right now, that we can handle the future scale of whatever your business is. So you’ve got the confidence, not hoping that we’ll be able to pull it off some time in the future, we’re showing that it can be done right now.”

Quasar significantly raised the block-size cap for the BSV blockchain to two gigabytes. This was something that other blockchain projects, including Bitcoin Core (BTC) said was impossible and could never be sustained. BSV has not only achieved it, but it has sustained it for well over a month as several massive stress tests have been conducted against the network.

The London Bitcoin meetup will take place this Thursday from 6 PM to 10 PM local time. Huckletree Shoreditch is located in the Alphabeta building, an easy-to-reach location near Finsbury Square Garden and the Montcalm Royal London House. The event is a great lead-in to the upcoming CoinGeek Conference that is going to be held in Seoul, South Korea October 1-2. 

OKCoin’s Let’s Build Bitcoin Together campaign lets you support BSV

If you want to help the development of Bitcoin, OKCoin has an exciting new campaign that can make a big difference to Bitcoin SV (BSV) applications. As announced in their recent press release, the OKCoin “Let’s Build Bitcoin Together” pledge could mean an additional 1,000 SegWitCoin (BTC) worth of funding for BSV development.

Starting on September 3, 2019 at 6:00am PT, OKCoin users will be asked to vote for the selected developers they want to support. Every vote towards a group will contribute 0.02 BTC to that cause until all 1,000 BTC have been donated. Users have until September 27 to cast their vote, or until the 1,000 BTC have all been donated.

Participating in the campaign for BSV, the only Bitcoin to follow Satoshi’s original vision with massive blockchain scaling and a stable protocol, are the Bitcoin Association and Cambrian SV. They will be competing against the BTC’s Bitcoin Core development team and Bitcoin Cash’s ABC dev team, BCHD and Bitcoin Unlimited.

This is tremendous opportunity for the BSV community to make a huge contribution to BSV development with minimal effort or cost. At current BTC prices, every OKCoin user could make an approximate $200 difference to BSVs future.

If you don’t have an OKCoin account, the process is simple. Just make an account, pass KYC (Know your Customer) Level 2, and deposit both am minimum of $100 USD and $100 in crypto, having both in your account at the same time. That’s it! You keep the funds, and your vote can mean a healthy contribution to BSV development.

If you already have an account and have ever met this criteria, you can already vote.

Tim Byun, OKCoin’s CEO, noted that this is their attempt to re-invest in the ecosystem. “There is no question that the past few years have been a roller coaster for the whole community, so we’ve decided to step up and give back to the developers who keep moving us forward,” he noted in the press release. “The ‘Let’s Build Bitcoin Together!’ initiative, which we believe is the first exchange-led community investment of this scale, is our way of showing our commitment and dedication to the Bitcoin community.”

So if your looking to give back to BSV, this is the perfect chance to do so. Get over to OKCoin, and do what you need to do to vote for Bitcoin SV.

Less than a week to go before the CambrianSV Bootcamp in Bali

The CambrianSV Bootcamp in Bali is almost here! The eagerly anticipated first of its kind Proof of Work Bitcoin SV (BSV) Developers Bootcamp kicks off on August 30, and the excitement is palpable. The seven-day bootcamp will bring together some of the most talented BSV developers to learn from each other and develop the next crop of transformative decentralized applications.

Bitcoin SV has been the blockchain network of choice for developers across the world, enabling them to create applications that can scale massively to accommodate user needs. BSV developers have created applications that have challenged the titans in every other sector, from social media to identity verification.

And come August 30, these developers will gather in Bali, Indonesia, to work together and further their development. CambrianSV, organized by RelayX in partnership with Bitcoin Association, seeks to enable the developers to build the society of tomorrow, together.

CambrianSV will focus on the application layer of the Bitcoin SV stack, Ella Qiang from RelayX told CoinGeek. The best way to foster real growth is by enabling developers to build better products that can compete with the current systems, using Bitcoin SV as the backend, according to Qiang.

She added, “Developers will get a direct look into the tools available on the Bitcoin SV blockchain and collaborate with the brightest minds to create the best applications. All participating teams should leave with a finished product that is generating on-chain transactions.”

Some of the teams that will participate in the bootcamp include TonicPow from the U.S., the peer-to-peer advertising platform powered by BSV; Legally Chained from the Netherlands, the onchain identity platform that enables users to verify their identities and sign documents; Agora from Italy, the homepage for the Metanet; and U.S.-based Twetch, the BSV-powered social media application.

The winner of the inaugural BSV Virtual Hackathon UptimeSV, a crowdsourced uptime monitoring and network intelligence for enterprise systems will also attend, as will RateSV from Japan, a platform that allows the flow of data between the blockchain and the real world; U.S.-based GearSV; a smart contracts platform for Bitcoin; and Open Directory, a platform that allows its users to earn by organizing the BSV blockchain.

Other teams that will attend include Metadomain from China, Bitpocket from Scotland, Bitmesh from China, Streamanity from India and Mempool from China.

The organizers aim to foster cooperation between the teams, with the ultimate goal of boosting onchain transactions. Qiang told CoinGeek, “We as the organizers are aiming at creating an open environment where various projects will share their experiences, goals, and challenges of developing Bitcoin enabled products and services. We are looking to encourage collaboration among projects so that each one will compete better onchain.”

Some of the notable speakers who will attend the bootcamp include members from the Bitcoin Association, HandCash and RelayX. Bitcoin creator Dr. Craig S. Wright will join the event via video chat.

To learn more about the upcoming CambrianSV BSV Developer Bootcamp, check out the official website.

The Bitcoin Vision: Episode 23

Founding President of the Bitcoin Association Jimmy Nguyen brings us this week’s episode of the Bitcoin Vision from Siberia, Russia. Nguyen had the privilege of being one of the guest speakers at the recent Baikal Blockchain and Crypto Summit, where he educated the delegates about Bitcoin SV (BSV) and why it’s the only blockchain project that’s able to scale to meet enterprise needs.

The BSV community continues to prepare for the eagerly anticipated Genesis protocol upgrade set to take place in February 2020. Everyone in the BSV ecosystem will have a role to play in the upgrade — from miners, to developers, to wallets and exchanges. And to make it easier and more convenient to keep up with all the developments leading up to the upgrade, you can enable notifications directly to your email via a new feature on the Bitcoin SV website.

Nguyen also highlighted the recent developments by BSV/DEVS directory, the one-stop shop for all Bitcoin SV-related developer resources. It announced recently on Twitter that it is now supporting user accounts. Users can now claim any listing as theirs and also make any edits or updates as they deem fit. The directory also added support for file uploads, giving the users the ability to attach manuals, specifications and other related materials to their applications.

For the non-developers, there’s something for you as well. The OnChain BSV/MAPS feature is constantly being updated with new locations where BSV is accepted by merchants near you.

BSV Galaxy is a Bitcoin SV artists collective allowing members to find and collaborate with other members, as well as business development of artists projects. As the founders noted on the website, the platform seeks to “help you to use the Bitcoin SV Blockchain to create new tools, applications, and ultimately change the world into a better place using Proof of Work.”

For the week’s Satoshi shoutout, Nguyen applauded the Bitcoin SV Node Team. Lead developer Daniel Connolly recently wrote a blog post about how the BSV blockchain has proven itself as a reliable method of processing enormous numbers of transactions. The post was written to correct a false narrative that had been advanced by some crypto media sites that the Bitcoin SV blockchain had undergone a three-way fork after the Quasar protocol upgrade. The post puts to bed these allegations and clarifies that the BSV network is performing reliably and is still proving itself to be the superior blockchain project.

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

Meet the participants of the CambrianSV Bootcamp in Bali

Having established itself as the only blockchain network that supports massive on-chain scaling, low transaction fees and real-time transactions, Bitcoin SV (BSV) has become a godsend for developers. These developers have continued to build on the only Bitcoin project that follows Satoshi’s vision, churning out groundbreaking applications targeting social media, network monitoring, advertising and more.

Come August 30, developers from across the world will congregate in the island of Bali, Indonesia, for the first of its kind Proof of Work BSV Developers Bootcamp. The seven-day bootcamp, organized by the Bitcoin Association and RelayX will bring together BSV developers to work together, learn from each other and interact with some of the leading minds in the industry.

RelayX’s Ella Qiang explained just what the bootcamp is and how it will benefit the attendants.

CambrianSV focuses on the application layer of the Bitcoin SV stack, as we believe real growth comes from people building better products using Bitcoin SV as the backend. The program is set up to accelerate the product building process from proof of concept to product release. It is a seven-day boot camp solely focusing on building the next generation products for the real-time economy powered by Bitcoin SV.

The attendants will get to collaborate with some of the brightest minds on the BSV ecosystem to create the best applications. “All participating teams should leave with a finished product that is generating on-chain transactions,” Qiang tells CoinGeek.

The latest team to confirm its attendance is the R&D team from McDonalds China. This team will join dozens of other developers whose applications span plenty of industries.

They include the teams from UptimeSV, the crowdsourced uptime monitoring and network intelligence for enterprise systems; Legally Chained, an onchain identity platform that allows users to sign documents and verify their identity; Run on Bitcoin, a token creation platform on Bitcoin; and Agora, a homepage for the Metanet.

Other teams that will attend include Twetch, the BSV-powered social media app; Streamanity, a video streaming platform; BitMesh, an emailing platform; BitPocket, a platform that incentivizes its users to perform tasks on the BSV platform; RateSV, the platform that allows the flow of data between the blockchain and the real world; and TonicPow, a P2P advertising platform powered by BSV.

The organizers of the bootcamp hope that in the seven days, the developers will get to learn from each other and build applications that can make the BSV ecosystem better. Qiang explained, “We as the organizers are aiming at creating an open environment where various projects will share their experiences, goals, and challenges of developing Bitcoin enabled products and services. We are looking to encourage collaboration among projects so that each one will compete better onchain.”

The bootcamp will be graced by some leading minds including mentors from the Bitcoin Association, HandCash, RelayX and nChain. Brendan Lee from the Bitcoin Association, Jack Liu from RelayX and Alex Agut from HandCash are among those that have confirmed attendance. Bitcoin’s creators Dr. Craig S. Wright will join via video chat, as will nChain CTO Steve Shadders.

The attendants will also get to participate as speakers, Qiang revealed adding, “We believe their direct implementation experience is valuable to share with the group. For example, Yao Yu from RateSV will talk about developing Metanet enabled applications, Zheming from Mempool will talk about payment channels in mining.”

To learn more about the upcoming CambrianSV BSV Developer Bootcamp, check out the official website.

CambrianSV Bootcamp in Bali accelerates product building with BSV

Build the society of tomorrow. Together.

That is the promise of the upcoming CambrianSV Developer Bootcamp, a seven-day gathering in Bali, Indonesia, from August 30 to September 5. With Bitcoin SV (BSV) offering unlimited possibilities, it’s created a Cambrian explosion of creativity and innovation in the Bitcoin society—tools and infrastructures are being built and developers are continuously releasing new applications enabled by BSV.

To help boost this explosion of creativity and innovation, the people behind the RelayX superwallet have teamed up with Bitcoin Association to bring forward “a totally different approach to building a product.”

In an interview with CoinGeek, Ella Qiang of RelayX explained what sets the bootcamp from the rest—aside from it being the first of its kind Proof of Work BSV Developer Bootcamp.

“CambrianSV focuses on the application layer of the Bitcoin SV stack, as we believe real growth comes from people building better products using Bitcoin SV as the backend. The program is set up to accelerate the product building process from proof of concept to product release,” she said. “It is a seven-day boot camp solely focusing on building the next generation products for the real-time economy powered by Bitcoin SV. Developers will get a direct look into the tools available on the Bitcoin SV blockchain and collaborate with the brightest minds to create the best applications. All participating teams should leave with a finished product that is generating on-chain transactions.”

CambrianSV focuses on the application layer of the Bitcoin SV stack, as we believe real growth comes from people building better products using Bitcoin SV as the backend.

CambrianSV’s goal, Qiang notes, is to be “a strong catalyst to boost onchain transactions,” with its alumni joining the “top players providing cool products for the real-time economy.” Check out who’s participating in the seven-day bootcamp here.

“Our participants have expressed their goals to learn from the workshops, their peers to gain a deeper understanding of the Bitcoin technical stack as well as exploring innovative business models,” she said. “We as the organizers are aiming at creating an open environment where various projects will share their experiences, goals, and challenges of developing Bitcoin enabled products and services. We are looking to encourage collaboration among projects so that each one will compete better onchain.”

Check out the official website to learn more about the upcoming CambrianSV BSV Developer Bootcamp.

Bitcoin Association names former SBI Group executive Jerry David Chan as Japan and South Korea Manager to grow Bitcoin SV

Bitcoin Association has named Jerry David Chan one of its new managers in Asia. Most recently, Jerry spearheaded blockchain strategic initiatives at SBI Group, the financial technology conglomerate in Japan, and served as General Manager and Chief of Digital Asset Solutions. Based in Tokyo, his portfolio covers growth of Bitcoin Satoshi Vision (BSV) throughout Japan and South Korea – two key markets
for the Bitcoin industry. Jerry will also devote time to Singapore and Malaysia. His work will highlight the unique capabilities of the Bitcoin SV blockchain to developers, enterprises, miners, venture investors, and Bitcoin users.

Bitcoin Association is the global industry organization for the business of Bitcoin. It supports BSV as the only coin with a blockchain that significantly scales (now), has robust utility (now), and is committed to a set-in-stone protocol for developers to build on. BSV is also the only project that adheres to the original design of Bitcoin creator Satoshi Nakamoto. In short, BSV is Bitcoin.

Much like Bitcoin’s design leverages insight into many disciplines, Jerry brings comprehensive skillsets to the BSV’s ecosystem. Jerry is a 14-year veteran of Wall Street technology; before his tenure at SBI Group, he worked in New York and Tokyo at the technology departments of Goldman Sachs and JPMorgan FICC. Jerry’s experience bridges technology, economics, and how Bitcoin and blockchain innovations can be applied to real world business applications. He is a well-known Bitcoin thought leader, being a frequent and well-respected speaker and writer on Bitcoin and blockchain topics.  Jerry is a graduate of the University of Waterloo in Canada, with a degree in Electrical and Computer Engineering.

Jerry’s hire is another step in the global expansion of Bitcoin Association. Last week, the organization named Lise Li (former COO of Rawpool, a Bitcoin mining pool based in China) as its new China Manager.

Jimmy Nguyen, Founding President of Bitcoin Association, commented: “BSV is the ideal blockchain for enterprise applications, and Jerry is the ideal leader for BSV’s business growth in Japan and other key Asian countries. He knows what big corporates need, and can help organizations understand technically how to build BSV blockchain applications to solve those needs. Jerry is one of the most impressive and well-reasoned professionals working in Bitcoin, and enthusiastically supports the Satoshi Vision. I am thrilled to welcome him to the Bitcoin Association family.”

Jerry remarked: “As a long time fintech professional and Bitcoin enthusiast, I have always believed in the Satoshi Vision with its potential applications and exciting new developments that could benefit all aspects of society. After years of being disappointed as Bitcoin failed to scale, I’m excited to see BSV finally fulfil Bitcoin’s destiny to become the global enterprise blockchain. Bitcoin is my passion, and I thank Bitcoin Association for this opportunity to dedicate my full time to support BSV – what Bitcoin was always born to be.”

UPCOMING: COINGEEK SEOUL CONFERENCE – October 1-2

Come to Seoul, South Korea to learn about “The Power of BSV Scaling” and Bitcoin SV’s massively-scaled blockchain enables businesses to build more powerful applications. Join the top names in Bitcoin at the CoinGeek Seoul conference October 1-2.

McDonalds R&D team to join upcoming CambrianSV Bootcamp in Bali

By following Satoshi Nakamoto’s original plan of keeping a stable protocol and pursuing massive on-chain scaling, Bitcoin SV (BSV) is opening up a world of unlimited possibilities—paving the way for a Cambrian explosion of creativity and innovation. So much so that multinational corporations are now sitting up and taking notice.

On August 30, RelayX, in cooperation with the Bitcoin Association, is organizing a first of its kind Proof of Work BSV Developer Bootcamp in Bali, Indonesia—and the R&D team of McDonalds China is confirmed to be participating.

The seven-day bootcamp, which prolific Bitcoin developer Unwriter has described as “a Y Combinator for Bitcoin, will take place from August 30 to September 5, bringing together a select number of participants who will be focused on building “the next generation of products for the real-time economy powered by Bitcoin SV,” according to Ella Qiang, of RelayX.

The CambrianSV bootcamp is not a conference—it’s an intensive gathering where real work is done by developers. Qiang tells us: “Developers will get a direct look into the tools available on the Bitcoin SV blockchain and collaborate with the brightest minds to create the best applications. All participating teams should leave with a finished product that is generating on-chain transactions.”

Participating in the Bali bootcamp are teams from Twetch, the interface to Bitcoin; UptimeSV, the crowdsourced uptime monitoring and network intelligence for enterprise systems; BitMesh, the first email app on BSV; video streaming platform Streamanity; Legally Chained, an on-chain verified identity and document management platform; Agora, your homepage built on Metanet; TonicPow, BSV-powered peer-to-peer advertisements; RateSV, the platform to earn Bitcoin by investing on real-time financial data; BitPocket, platform to incentivize tasks with Bitcoin; Run on Bitcoin, a token creation solution on Bitcoin; MetaDomain, a domain name trading platform on Metanet.

Joining these groups is the McDonalds China R&D team led by CIO Charles Cai, along with Mark Wilcox, a Bitcoin expert in computational markets; Glenn Wolfe and Sean Pollock from GearSV; representatives from Mempool; Rob from the Cambridge Metanet Society; Anthony Yanick; and engineer and entrepreneur Derek Moore.

Mentors from the Bitcoin Association, nChain, HandCash and RelayX will also be on hand during the seven-day bootcamp to help the participating teams build their products on BSV. Even the participants will have a chance to share their knowledge and experience with the group, according to Qiang.

“The majority of attendees of the bootcamp will also participate as speakers as we believe their direct implementation experience is valuable to share with the group. For example, Yao Yu from RateSV will talk about developing Metanet enabled applications, Zheming from Mempool will talk about payment channels in mining,” she explained. “We also have open mic time slots for people to address topics that they think are important but not directly related to their projects. We are very excited to see what’s going come out from this.”

To learn more about the upcoming CambrianSV BSV Developer Bootcamp, check out the official website.

The Bitcoin Vision: Episode 22

In this week’s episode of the Bitcoin Vision, Bitcoin Association Founding President Jimmy Nguyen highlights some of the major developments in the Bitcoin SV ecosystem. Having successfully undergone the Quasar protocol upgrade, the Bitcoin SV ecosystem has rapidly continued to grow, with Jimmy looking at the return of OP_RETURN, CityOnChain and Operation Data Blast.

Nguyen begins by discussing the road to Genesis which is slated for February 2020 and the return of OP_RETURN. Citing a blog post by nChain CTO Steve Shadders on the road to Genesis, the Bitcoin Association Founding President urged all developers to familiarize themselves with what is required of them in the lead-up to the eagerly-anticipated network upgrade. App developers making use of OP_RETURN must ensure that their applications maintain consistent behavior now and after the Genesis upgrade.

“So this is a must-read article for any application developer building on Bitcoin SV,” he reiterates. It not only outlines the history of OP_RETURN, but also the easy steps that will ensure developers can continue to build on the only Bitcoin project that unlocks the true power of Bitcoin’s original protocol, design and Satoshi’s vision.

Next, Nguyen looked at Cityonchain, a new online information platform organized around cities, similar to Craigslist in the U.S. and 58.com in China. The platform allows localized functions such as job posts, trading of goods and even online dating. Users can claim ownership of a city and then manage it, earning BSV for their activities.

For the visitors, they can earn BSV for their high quality content such as reviews of local businesses. This helps encourage higher quality content online and fosters local interactions.

However, Cityonchain does more than that. It contributes to BSV’s new earn-and-use model which deviates from the traditional buy-and-hodl model. BSV users get to earn BSV by interacting with online applications which they can then use to make purchases or pay for services. This model is made possible by BSV’s mega blocks and its extremely low fees which facilitate micropayments.

For the week’s Satoshi Shoutout, Jimmy applauds the efforts of the team behind Operation Data Blast. With the recent Quasar protocol upgrade, the block size hard cap increased to 2GB. On July 28, some BSV enthusiasts conducted a user-activated stress test known as Operation Data Blast. They uploaded meaningful media such as video and audio files onto the BSV blockchain. The result was that over 2.5GB worth of data was uploaded and archived on the BSV blockchain. In four instances, the block sizes were over 250MB, a record for a public blockchain. The stress test proved that on-chain scaling is possible and sustainable on a public blockchain.

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

The 2nd BSV Virtual Hackathon is only a week away — are you ready?

The 2nd Bitcoin SV (BSV) Virtual Hackathon is almost here, and the excitement is palpable. The online event, which takes place on August 17, will bring together some of the best developers globally as they compete for their share of the BSV prize pot.

Once the application process was opened a month ago, developers from across the world began submitting applications rapidly. The high demand led to the closure of the applications process recently. However, interested applicants are encouraged to join the waitlist by filling up the waitlist form available on the Bitcoin Association website.

The hackathon is sponsored by CoinGeek and run by nChain. Developers can join the event, either in teams or as individuals, to compete in the creation of innovative solutions on the Bitcoin SV blockchain. Developers can be located anywhere in the world as the entire event is online.

With the Bitcoin SV blockchain recently undergoing the Quasar protocol upgrade, it cemented its position as the best enterprise blockchain. Its ability to scale and meet enterprise needs is second to none, with low transactional costs and enhanced security being among the other benefits. The participating developers will strive to develop new applications that take advantage of all these benefits to offer innovative solutions to their users.

The selected finalists will get the prestigious opportunity to present their applications at the upcoming CoinGeek Seoul conference which begins on October 1—yet another reason why developers should attend CoinGeek Seoul. The finals will take place on October 2, with the developers battling for the chance to win BSV and proceed to present their applications to potential investors during the conference. Get your tickets to the two-day event here.

UptimeSV emerged victorious in the inaugural BSV Virtual Hackathon in May, winning 250 BSV. The application uses the Bitcoin SV blockchain to offer enterprises crowdsourced uptime monitoring and network intelligence for robust DDoS-hardened enterprise systems. Its users can download the app on a desktop or a mobile device to become an Uptime SV node and start earning BSV.

TonicPow and Polyglot emerged second and third and won 100 and 50 BSV respectively. TonicPow offers a P2P advertising platform that utilizes BSV to cut out middle men in the advertising chain and let the website owners get their fair share of revenue. Polyglot enables developers to use Python to interact with Metanet protocols and develop BSV applications.