Web developer provides compelling case for BSV

Web developer provides compelling case for BSV

Bitcoin Core (BTC) is a sinking ship. This is the position of Philipp Elhaus, an IT project manager and Scrum Master, who penned a long blog post on the merits of Bitcoin SV (BSV). The article is a good read for anyone in the crypto industry, even those who adamantly (and perhaps a little naively) oppose BSV. As the only blockchain that has proven on-chain scaling is feasible and can be integrated without any complications, BSV continues to show that the original Bitcoin white paper was accurate and that it didn’t need to be manipulated the way it has been by other crypto projects.

Elhaus points out that BTC can only survive if it is attractive to miners, those individuals that maintain the network by verifying transactions. If those miners leave, however, the network becomes unstable. He explains, “As BTC’s block reward reduces over time, continuously more and more miners compete for an ever decreasing slice of that cake. The other income miners gain are transaction fees: Yet these are limited for BTC as the block size is fixed. This means there is a finite maximum amount of transactions ever possible per block. While the block reward shrinks, either transaction fees need to rise or the price of BTC altogether [sic]. It is to be expected that above a certain threshold, even at global adoption, the amount of people who are willing to pay fees that are 50,- USD per transaction or higher diminishes.”

The computer whiz asserts that BTC could be degraded in as few as five years, or as many as 13 years, depending on whether or not it can attract more money. However, “BTC will unlikely grow beyond the age of 25.”

The reason that this is going to happen is because BTC decided that the blockchain couldn’t scale on-chain, which is part of the reason the Lightning Network was created. However, it is more of a “band-aid” fix than a permanent solution—despite having become a permanent attempt at scaling.

Elhaus adds that the Lightning Network will never survive the test of governments, explaining, “Lightning enables Money Laundering, Terror Financing and Tax Evasion. It is a 2nd-layer tech that is based upon TOR’s onion layer principle. It doesn’t keep records and offers not pseudonymity or privacy but complete anonymity” and that running a Lightning Node could ultimately lead to the operator facing jail time.

This is where BSV comes in. In spite of a certain amount of negativity based on uncorroborated stories, it is in a position to deliver. Elhaus states, “As it’s a rather new fork and not established, BSV transaction volume is low and its supporting ecosystem very small… Yet the idea that proposes one global blockchain that sustains miners and itself through an ever increasing [sic] efficiency at confirming [transactions], and therefore making use of economies of scale, seems sound and not like a technological dead end. Therefore it can be stated that BSV’s utility is higher than those of BTC’s with a potential to increase that even more in the future.”

Tokenized’s James Belding takes the stage at CoinGeek Toronto Conference 2019

Tokenized’s James Belding takes the stage at CoinGeek Toronto Conference 2019

James Belding, the CEO of Tokenized, recently made the trek to Toronto for the CoinGeek Toronto Conference 2019. The two-day event was a huge success due to the incredible knowledge that was provided, which resulted in a better than expected turnout. Belding took the stage at one point, discussing Tokenized and what it means to the cryptocurrency ecosystem and his presentation has been made available for everyone to view on YouTube. It’s an excellent look at how the Bitcoin space is transforming and the role Bitcoin SV (BSV) is playing in that transformation.

Tokenized is designed to offer solutions to regular people, businesses, governments, etc. It’s all about adding value in the blockchain, which BSV has already initiated. Ultimately, Tokenized envisions an ecosystem that works from one hub, one app to become the portal to everything. Belding points out that this was never possible before BSV and adds, “Our mission is to use Bitcoin SV and the Tokenized Protocol to make voluntary exchange simpler, faster, and much more affordable.”

Belding emphasizes that it’s important to think ahead as technology becomes more sophisticated. Tokenized is about creating more relationships, more cooperation, bigger networks, more specialization and to make life simpler, thanks to BSV. It is an application layer protocol that utilizes the BSV blockchain to pass and store messages. The protocol focuses on records from different activities—finance, legal, commerce, accounting, etc.—from all types of legal entities and can ultimately replace current standards, such as SWIFT, LEDES, FIX and others (4:57).

A token is a digital record of ownership. Tokenized tokens are assigned by a smart contract to a BSV address in response to a transfer request, and are used to represent property, shares, bonds, tickets and virtually anything that can be issued (5:47). Once the process has been initiated, all subsequent activity is automatically recorded on the blockchain and tied to that initial record.

The smart contracts are able to reduce the amount of complexity of a given transaction, such as those listed above, and ensure adherence to rules. Once the data is stored on the blockchain, it is permanent and immutable, always available to substantiate the transaction and its parts. The smart contracts also have the benefit of being extremely cost-efficient to implement, manage and exchange.

One of the main reasons Tokenized chose to build on the BSV blockchain is because it is the only network that has proven that large blocks are possible, making large amounts of data storage easier. It is also the only network being built to support businesses and allow them to work more efficiently, more accurately and at a reduced cost. The companies that adopt the BSV blockchain can be confident that the network will be able to handle their traffic and that all tokens issued by the smart contract issued on the blockchain comply with the pertinent laws.

Tokenized is building smart contracts that are easier to use and easier to implement. They are also backed by the strength of the BSV developers, who are working toward a singular goal, not fractioned into different groups working on their own agendas. This creates cohesion and common implementations that will help BSV stay strong as other digital currency projects begin to die due to a lack of fundamental business acumen.

Steve Shadders talks BSV roadmap at CoinGeek Toronto Conference 2019

Steve Shadders talks BSV roadmap at CoinGeek Toronto Conference 2019

The CoinGeek Toronto concluded after its successful two-day run and attendance was incredible. Rightfully so, given the amount, and value of information disseminated by the leading Bitcoin experts. nChain’s Steve Shadders was on hand and provided an overview of what has brought Bitcoin SV (BSV) to where it is today, and where’s it going to be tomorrow. To say that his presentation was truly enlightening would do it a gross injustice.

The technical roadmap for BSV encompasses more than just the cryptocurrency or the blockchain; it is the creation of an entire ecosystem that is being driven by everyone involved. Over the past six months, there have been plenty of scaling milestones to show the power and versatility of the BSV network, but this is just one small part of what’s coming.

Bitcoin Core (BTC) developers swore, in 2017, that blocks larger than 1MB weren’t possible. They argued that anything larger would be unsafe. Bitcoin Cash (BCHABC) developers reiterated this the same year—after achieving 22MB. They said to go larger would be catastrophic for the blockchain. However, BSV has already proven, over and over, that those developers were completely wrong. Not only has the network been able to reach 64MB blocks without any issues, but it has gone up to 1.4GB blocks and still persists today. Since then, the amount of creativity seen on the BSV network has exploded, and the data revolution has begun.

Now that everyone knows that large block sizes are not an issue, the next obstacle to tackle is to increase the number of transactions possible on the network. This is already being addressed by nChain and others, and the issue comes down to enhancing the software capabilities of the blockchain. This June or July, an upgrade to the network will help facilitate that enhancement as the network continues to improve.

Coming soon, “secure instant” transactions—also known as 0-confirmation transactions—are going to be possible. To that end, BSV developers are working on a new merchant API (application programmed interface), incremental blocks and a new miner identification system. BIP270 is already in place to allow true peer-to-peer payments and support a system that no longer relies on wallet addresses, QR codes, etc., for transactions—nothing more than an email address would be needed. This is already being integrated into all BSV wallets, including Hand Cash, Centbee and others, and comes through the integration of Paymail.

A new business interface is also being developed, which will give businesses a system that provides a look and feel that they’re accustomed to in order to further BSV adoption. Onboarding, Metanet and Tokenized are constantly being improved in order to further build the BSV blockchain and make it as versatile as possible.

Later this month, or possibly July, the Quasar upgrade is going to introduce minor block size changes and parallel transaction validation. It will also lead to more hardware capabilities being brought online, which translates directly to more capacity and scaling improvements. This is all part of the “Roadmap to Genesis,” which is gathering steam and leading to a better BSV blockchain.

The next big upgrade will take place next February and is aptly dubbed Genesis. The block size limitation is going to be completely removed—a feat no other blockchain has come close to accomplishing—and certain scripts will be restored to their original form.

Shadders concludes the presentation by pointing out a fact that should make true Bitcoin believers proud. BSV has become the only blockchain to evolve to a point that hash rate, which is equivalent to the security of the blockchain, is no longer a function of price on BSV. It is now a function of usage, a fact that is supported by the costs associated with transactions and the block rewards. This is how the original Bitcoin was designed, and why BSV is the only true Bitcoin.

ExchangeRates.Pro introduces new exchange comparison, crypto purchasing tool

ExchangeRates.Pro introduces new exchange comparison, crypto buying tool

A new service that allows cryptocurrency fans to check for the best rates when selling their assets is now available. ExchangeRates.Pro gives users an easy tool to find local buyers and trading platforms and offers support for a number of coins, including Bitcoin SV (BSV), SegWitCoin (BTC) and more.

According to a press release from the platform, “Designing the user-friendly, easy to understand interface is the company priority. The goal is to create a UI [user interface] that won’t confuse every ‘complete newbie to crypto.’ Most of the visitors will find the most suitable deals right after accessing the website or after entering the desired amount. At the same time, there are a lot of options to sort and filter the offers based on payment systems or bank (there are over 300 to choose from) preferences, KYC policy, rating, etc. It’s all up to the visitor – to pick an offer precisely based on a number of details or just take the one with the best rate, the highest rating, etc.”

Users can visit the ExchangeRates.Pro website, select their country and exchange criteria (fiat to BSV, for example) and receive a list of every source available to complete the transaction. From there, reviewing rankings, pricing and forms of payments, users are able to select the best option for their needs.

CoinGeek reached out to ExchangeRates.Pro for some additional details, and its founder, Anton Vereshchagin, offered some insight on what’s in the pipeline. Since the platform is relatively new, it is still building its support database. In certain cases, for example, BSV isn’t available everywhere and “the availability of BSV-to-fiat exchange depends on the country. At the moment, we have exchanges added that allow users to buy/sell BSV with fiat in Thailand, Russia and some other countries. But, in most of the countries, it’s only possible to exchange BSV.”

In the future, additional options will be added, such as the ability to sort or filter based on different criteria. Vereshchagin explains, “We plan to add cash payments with the possibility to look in specific areas in one of the coming updates; in a few weeks most likely.”

The platform was literally just released and has a “huge to-do list.” Vereshchagin acknowledges that there are many features that need to be added that are already in the works, but that he and his team are working hard to make improvements as quickly as possible.

BitBoss updates Keyring libraries for BSV

BitBoss updates Keyring libraries for BSV

BitBoss, a blockchain-centered company with a focus on gaming platforms and solutions, has been busy developing on the Bitcoin SV (BSV) blockchain. It recently introduced its new Keyring JavaScript libraries, designed to help developers code applications that are able to create and sign transactions on the network, a solution that facilitates the easy creation of new cryptocurrency wallets. Keyring was just launched last month, and BitBoss continues to make it better, providing yet more real-world applications for the BSV network.

In a Medium post from this past Monday, Alex Shore of BitBoss announced the updates, stating, “The latest version includes 3 new plugins that offer functionality for validating transactions as well as both MessagePack and CBOR data encoding.”

He added, “The validation plugin allows a BSV developer to easily verify a transaction before sending it off to a BSV node. This plugin adds a validate method to the Keyring transaction instance. It checks that a transaction has inputs and that they are signed, that the transaction outputs are over the dust amount, and that the transaction has a fee included.”

The libraries can be found on Github and npm. They’re impressive innovations that are worthy of being tied to the BSV blockchain and are available, in part, due to the attendance by some of the Bitboss expert brains at the recent CoinGeek Conference Toronto. The conference brought together some of the greatest minds in the Bitcoin ecosystem to discuss what is happening and where the industry is headed, and allowed attendees to interact with the professionals on subjects such as on-chain scaling and mining.

Keyring is just one of the many projects being built on the BSV blockchain, the only blockchain that follows the original design of Bitcoin per Satoshi Nakamoto. It’s because of this steadfast understanding that Bitcoin was introduced to the world in a mature form that BSV has made sure the concept has been able to live on, and why some of the best, real-world developments occur on the network. As BitBoss, nChain and others continue to innovate and show how viable and flexible the BSV blockchain is, it will continue to receive the recognition it has worked hard to earn.

ViaBTC changes course on BSV

ViaBTC changes course on BSV

The recent improvement in Bitcoin SV (BSV) is causing many entities to reconsider their position on the cryptocurrency. BSV was the biggest gainer in May, jumping more than 250%, and the crypto community is taking notice. A recent announcement by the ViaBTC mining pool demonstrates a return to reality by many organizations, as they come to grips with the fact that BSV has been more solid than the naysayers tried to make everyone believe with their uneducated guesses.

According to a tweet by ViaBTC’s Haipo Yang from yesterday,” We [received] some demand on mining BSV. We will list BSV on ViaBTC mining pool soon.” And, just like that, BSV increases its foundation.

His comments were met with a lot of support. “Satoshi’s Disciple” responded, “Exactly, if you ignore your customers you will end up losing them to another competitor.” Another Twitter user, Jon Lim, added, “Glad to see you talk with sense. Unlike other BCH proponents.”

CoinGeek founder Calvin Ayre already saw the imminent return of entities like ViaBTC to the real Bitcoin. He previously stated, “I said it publicly when the delist attack happened… [T]hey will all be forced to come back to real Bitcoin as it will be the last platform standing.”

Yang has set the wheels in motion and Bitcoin will continue to thrive. As of this writing, according to CoinMarketCap, BSV is still the only top-15 coin to register gains. Bitcoin Core (BTC) is down 6.79% and Bitcoin Cash (BCH) is down 6.92%. However, BSV is up 3.81%, and has been on an upward climb continuously over the past week.

Major BSV supporter and development group nChain sees Yang’s comments as proof positive of how the Bitcoin ecosystem is evolving and recognizing things for how they truly are. The chairman of the board for nChain, Stefan Matthews, asserts, “Haipo Yang believes Craig Wright is Satoshi Nakamoto. Haipo told me so explicitly on August 22, 2017 when I had a meeting at his office in Shenzhen, China; this was just a few weeks after the BCH hard fork split from BTC. That’s why, during last year’s Bitcoin Cash hash war, it was dumbfounding to see Haipo oppose the man who birthed Bitcoin and the entire industry from which Haipo and so many others make their livelihood. I suppose monetary incentives always win out, and it’s ironic to now see Haipo and ViaBTC ready to add BSV support because of demand from miners in their pool.”

Crypto market daily report – June 11, 2019

Crypto market daily report – May 13, 2019

The cryptocurrency markets performed impressively over the weekend with Bitcoin Core (BTC) leading the charge and rising no less than 20% over 48 hours to touch the $7,500 mark at one point on Sunday morning. However, there was an expected correction, with the cryptocurrency dropping by no less than 7% to under the $6800 level, before recovering to the $7050 mark at press time on Monday morning.

Ethereum (ETH) also rose considerably over the past 24 hours and was over the $200 mark on Sunday morning—a level not seen since November 2018. The second largest cryptocurrency by market cap was trading at around $190 at press time or down by around 4% overall.

Other larger cryptocurrencies by market cap also showed healthy gains, with Bitcoin Cash (BCHABC) rising by an impressive 30% to reach the $380 mark on Sunday, before declining to around $360 on Monday at press time.

Bitcoin SV (BSV) was also up by around 8% overall and was trading at the $58 mark at press time with a charge to the $60 level not untoward. Ripple (XRP) was rather flat for most of the weekend, although it did regain the $0.32 level on Monday. Litecoin (LTC) was also on a bull run, touching the $90 level on Sunday before falling back to around $86 on Monday morning, or a decline of around 5%.

Stellar (XLM) was down by roughly 4% to the $0.10 level, whilst NEO continued losing ground with a 5% drop to the $9.46 mark. IOTA was in positive territory, on the back of a 6% increase, to just over the $0.31 mark. DASH was on a roll and was up by 8% to the $130 level while other smaller market cap currencies such as ETC, NANO, VET, IOST and ICX were all slightly down on Monday after having registered considerable gains over the weekend.

Centbee, SA based Bitcoin wallet and merchant payment ecosystem raises £1 million from Ayre Ventures

Centbee, SA based Bitcoin wallet and merchant payment ecosystem raises £1 million from Ayre Ventures

Johannesburg – April 17, 2019: South African-based Bitcoin company, Centbee, announced today that it has closed its Series A round with entrepreneur Calvin Ayre, founder of Antigua-based investment firm, Ayre Ventures and CoinGeek. Ayre, who has invested £1 million (R18.3 million), announced that, “Centbee has a track record of making Bitcoin easily usable and accessible to everyone including merchants and consumers. They support the original Bitcoin protocol in the form of Bitcoin SV, and have demonstrated an extraordinary ability to attract users and we’re proud to support their further growth.” The deal was facilitated by nChain, leading blockchain advisory, research and development firm, which previously took an equity stake in Centbee in January 2018.

Jimmy Nguyen, Chair of nChain Group’s Strategic Advisory Board and Founding President of the Bitcoin Association (which advances Bitcoin SV’s global ecosystem) remarked: “Centbee has one of the most user-friendly Bitcoin wallets and merchant payment solutions we have seen. It is built using the original Bitcoin protocol, now alive only in the form of Bitcoin SV, which has a plan for massive blockchain scaling. This enables Centbee to offer low fees and fast transaction speeds. We will continue to work with Centbee as it sparks greater merchant and consumer adoption of Bitcoin BSV in Africa and worldwide.”

Ayre’s investment is part of a broader collaboration to advance the Bitcoin SV ecosystem. nChain will also support Centbee with its technical consulting services and access to its vast intellectual property portfolio (which is aimed at benefiting growth of the BSV blockchain).

Centbee is a Bitcoin wallet provider that makes it easy for consumers to acquire, store and spend Bitcoin with retailers and other merchants. Centbee supports Bitcoin SV because it is the only blockchain that fulfils the original Bitcoin design and protocol. Based in South Africa, Centbee was founded by co-CEOs, Lorien Gamaroff and Angus Brown. Gamaroff is a leading expert in blockchain technologies and cryptocurrencies. He has consulted and advised regulators and corporates internationally and is highly regarded globally as an educator and presenter. Brown has 20 years’ experience in payments and banking including the role of CEO of eBucks.com, a world-first bank-backed digital currency created in 2000.

“Centbee has made it easy for customers to buy Bitcoin SV easily at over 50 000 till points in South Africa,” says Brown. “Through this, we will help people move money simply and cheaply across borders to support family and friends. The investment will be used for product development, scaling and growth.”

Gamaroff is pleased with the progress made over the last few months at Centbee, “Our development roadmap is well defined with exciting payment and remittance products coming to market this year. We look forward to the next phase in our growth and development.”

Centbee is a gold member of AlphaCode, powered by Rand Merchant Investment Holdings, which identifies, partners and grows disruptive and scalable fintech businesses. Head of AlphaCode, Dominique Collett said: “We are delighted that Centbee has attracted the interest of two of the world’s most prestigious investors in the cryptocurrency and blockchain space. It certainly augurs well for the growth and development of Centbee and Bitcoin SV globally.”

The Centbee Wallet is available in the Apple and Google Play stores.

For Centbee and AlphaCode media enquiries: Michelle K Blumenau [email protected] or call +27 83 273 9891.

ABOUT AYRE GROUP: Founded by entrepreneur Calvin Ayre, the Ayre Group has investments and interests across the world. With a passion for content and publishing, fintech, real estate and property in seven countries around the world, Ayre Group supports and drives the world’s most disruptive innovations.

Website: ayre.ag

ABOUT NCHAIN GROUP: The nChain Group is the global leader in advisory, research and development of blockchain technologies. Its mission is to enable massive growth and worldwide adoption of Bitcoin SV, the original Bitcoin protocol as represented in Satoshi Nakamoto’s whitepaper – focusing on Bitcoin SV as the true Bitcoin.

Website: nChain.com

ABOUT CENTBEE: Centbee is a fintech startup based in South Africa, that builds products and services that make it easy to send, store and spend Bitcoin. Their vision is to help users pay for real-world goods and services using Bitcoin payment processes. The Centbee wallet, available in the App Store and Google Play store, enables the purchase of Bitcoin SV at till-points in over 50 000 retailers across South Africa. Centbee Remit makes it easy to send money across borders in less than one minute.

Website: centbee.com

ABOUT BITCOIN SV: Bitcoin Satoshi Vision (BSV) is the only Bitcoin implementation that follows the original Satoshi Nakamoto whitepaper, and conforms to the original Bitcoin protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

Website: bitcoinsv.io

ABOUT BITCOIN ASSOCIATION: Bitcoin Association is the leading global organization for Bitcoin business. It brings together merchants, exchanges, application developers, enterprises, miners and others in the Bitcoin ecosystem to advance the growth of Bitcoin commerce. Bitcoin Association supports Bitcoin SV (BSV) as the original Bitcoin. As an inclusive organization, it welcomes companies and organizations who support or wish to learn about BSV and Satoshi Vision, even if you also support other cryptocurrency or blockchain projects.

Website: https://bitcoinassociation.net/

UPCOMING: COINGEEK TORONTO CONFERENCE – May 29-30, Toronto, Canada

Come learn more about what Bitcoin can do with “No Limits” and the latest on-chain scaling developments with Bitcoin SV at the CoinGeek Toronto conference May 29-30. It’s easy to register. And pay with the world’s new money and you’ll receive a discount by using BSV via Coingate.

SouthXchange won't fall in the trap, continues BSV support

SouthXchange won’t fall in the trap, continues BSV support

Several cryptocurrency exchanges have recently made the decision to drop support for Bitcoin SV (BSV), ostensibly because it hasn’t continued to meet the exchanges’ listing criteria. If that were the real reason, the majority of the cryptocurrencies on the market today would be dropped. The real reason why Binance, Kraken and others have decided—possibly illegally—to no longer support BSV is because of childish retaliation against Dr. Craig Wright for his assertion that he is Satoshi Nakamoto. Fortunately, there are some exchanges that aren’t falling for the elementary school playground antics and won’t change their position. One of these is the Argentina-based crypto exchange SouthXchange.

SouthXchange confirmed in a tweet, “Official statement regarding Bitcoin SV: Coins are delisted mostly due to technical reasons. At the moment BSV meets our listing criteria, so it will remain listed in SouthXchange.”

Binance CEO Changpeng Zhao, also known as CZ, admitted that he was moving to delist BSV over Wright’s assertions. Kraken and ShapeShift both decided to join his gang and remove BSV, as well. Curiously enough, all three are involved in some type of litigation or disputes. Kraken is being sued by a former employee over allegations he wasn’t paid according to an agreement and has also come under fire for possibly offering services in New York without a license.

Binance has been accused of manipulating prices on its exchange on more than one occasion. It has plans to introduce a decentralized exchange (DEX), which were recently found to have the presence of bots that can manipulate prices. The company has also been sued for breach of contract and has refused to grant access to its financial statements.

ShapeShift has seen its trading volumes drop significantly as a result of decisions made within the organization and by its founder, Erik Voorhees. ShapeShift, as well as Kraken, are also involved in a major lawsuit alleging extreme price manipulation during the hard fork of Bitcoin Cash (BCH) last year.

It seems like the only exchanges that have decided to drop BSV are those that have a personal grudge against some facet of the digital currency’s space. As pointed out by FRNT Financial in Toronto, Canada, the move is setting a “bad precedent” and could lead to greater manipulation. The company asserts, “If a coin can be delisted due to some not approving of a community / person’s legal activities, what’s to say that a similar narrative cannot be created in the future simply to support a malicious actor’s monetary interest.”

Fortunately, there are those that get the bigger picture and don’t succumb to the immaturity displayed by certain individuals. BSV, the original and only true Bitcoin, lives on and will flourish.

bsv-hardware-wallet-on-its-way

BSV hardware wallet on its way

A new cryptocurrency hardware wallet is coming that is meant to take on Trezor and Ledger. This one already has a leg up on the competition, though, as it has incorporated support for the original Bitcoin, Bitcoin SV (BSV).

The new Keevo wallet offers a “quantum leap in crypto security and convenience,” according to its website. According to the company’s chief technical officer, Chen Nie, “Keevo is a HUGE step forward in security and convenience—it’s a ground breaking, premium hardware wallet. We know because we manage millions in fiat currency crypto value. Keevo dramatically increases the security and ease of managing your digital identity and crypto assets.”

Keevo announced that it would most likely provide support for BSV in response to a conversation with a BSV fan, Tony G. Tony posted the results of the conversation on Twitter, providing a screen capture from Keevo that reads, “…added BSV to the list of coins we would like to have supported by launch.”

Keevo is a product of BitKey Bank out of San Francisco, California. The wallet is not yet ready to be released, and will be available for pre-order next month with shipping beginning toward the end of the summer. The wallet includes a proprietary “Carbon Key” solution that is designed to replace paper seed phrases and comes with a 2.8-inch LCD color touch screen display, fingerprint sensor, Bluetooth connectivity and a long-duration lithium-ion rechargeable battery.

The company asserts, “Keevo is like having your own private Swiss bank vault in your pocket. No one else, anywhere—online or off—can access your private keys. They are completely air gapped and securely encrypted on your Keevo. You need your MF/MSA signatures to sign any transaction. And, with Keevo’s premium service, we’ll securely store your Carbon Key™ in one of our secure storage facilities dispersed across the globe and protected by our chain of custody system.”

Both the Trezor and Ledger have been avoiding BSV, despite its position in the market. As the only crypto that adheres to the original Satoshi’s Vision and is designed to be used as a true peer-to-peer alternative to fiat, it is the only crypto that can truly call itself Bitcoin.

bitcoin-sv-bsv-mines-world-record-128mb-blocks

比特币SV(BSV)挖出128MB区块,开创全新世界纪录

近期,比特币SV(BSV)接连见证了两个128MB区块从其网络中成功挖出,这是从公链上挖出的目前世界上最大的区块。首个巨型区块于2019年3月30日由nChain旗下的BMG Pool挖出;仅一天后,在3月31日,第二个128MB区块便由企业家卡尔文·艾尔(Calvin Ayre)创办的CoinGeek Mining挖出。这些创记录的区块证明了大规模链上扩容对于比特币的适用性,而比特币SV是继比特币原始设计和协议之后唯一成功推进的项目。

去年11月,比特币SV从全球首场比特币“算力大战”中脱颖而出。最初,比特币SV在比特币现金(BCH)实现方面作为比特币ABC的竞争对手崭露头角,而如今,比特币SV已拥有了自己的区块链并创制了BSV代币。比特币SV取名“Satoshi Vision(中本聪愿景)”,是源于比特币创造者中本聪之名,旨在恢复比特币原始协议,保持其稳定性,并允许其大规模扩容,成为一个可供数十亿人使用的全球网络。 

比特币SV当前的默认最大区块规模为128MB,也就是说最近挖出的巨大区块中所包含的来自BSV用户的数据已足以填满当前上限。在这两个128MB区块出现之前,比特币SV已见证了多天的成功行动,其中包括3月28日由CoinGeek Mining挖出的113MB区块以及众多50MB、60MB甚至80MB以上区块——远远超出任何其他竞争区块链所挖出的区块。

这些大型区块都是来自于有机增长,因为用户利用了BSV 中为OP_RETURN字段(是比特币交易中元数据的嵌入位置)提供的更大数据容量。比较而言,比特币核心和比特币现金ABC网络仍选择将OP_RETURN数据限于相当小的规模,但BSV正尝试取消这种限制,以释放并发挥比特币区块链作为全球商品分类账和数据网络的实力。BSV近期挖出的大型区块包含使用多次刷卡应用程序BitPaste上传的大型数据文件(高分辨率图片),允许用户使用MoneyButton快速刷卡轻松上传大型文件。还有一些其他用户已将音乐甚至视频文件上传至BSV网络中。 

随着大型区块的出现越来越成为常态,比特币SV揭示了比特币核心(BTC)(目前称其为“隔离见证币”更为准确)的错误概念。比特币核心反对链上扩容,将其区块大小限制在1MB的狭小范围内,并追求隔离见证及闪电网络上的第2层支付解决方案。同时,BSV 还有力反驳了比特币现金ABC开发人员所声称的将区块大小维持在32MB以上(比特币现金ABC的默认区块限制)尚不可行的言论。

128MB区块值得关注的另一大原因在于:每名矿工每笔成功交易可获得1.279BSV的交易费,这便在正常的12.5BSV区块奖励之上为矿工带来了10%以上的额外收入。这证明了大规模链上扩容如何在一个区块中实现更多(具有不同数据类型和不同费用水平)的交易,从而为矿工带来更多的收入。比特币区块奖励每4年减半,明年将再次出现减半,届时,区块奖励将从12.5减至6.25个币。为了保持挖矿的盈利性并维持网络稳定,比特币经济模式要求矿工逐步赚取更多交易费以弥补持续减少的区块奖励值。正如BSV现在所证明的,这样的经济模式只有通过较大区块才能实现,以确保比特币的长期成功。相比之下,其他网络通过拒绝大规模链上扩容破坏了比特币的经济激励模式—— BTC网络最大的区块仅为2019年3月11日挖出的2.3MB,而 BCH ABC链也仅在2018年12月18日出现过一个4.6MB的区块。(原始的比特币现金(BCH)链曾出现过一些较大的32MB区块,但是自2018年11月硬分叉事件后该链已不复存在;不论怎样,在以前的BCH链上挖出的32MB区块是使用比特币SV实现完成的。 )

提倡全球比特币SV生态系统的比特币协会创始会长吉米·阮(Jimmy Nguyen)观察到:

自比特币出现至今的10年间,比特币在大部分时间受到人为限制。BSV用户现在正以切身实践证明了原始比特币的大规模扩性及中本聪愿景(Satoshi Vision)的正确性。我们很高兴地看到,用户正以各种全新数据形式对大型区块进行有机填补,而这种创新目前呈现出激增状态同时,为矿工带来了更多的交易费。随着BSV网络处理大型区块能力的提升,我们希望在今年可以进一步放宽区块限。


BSV的下一步将是进一步扩容。3月份,比特币SV节点团队公布了自其BSV扩容测试网络得出的结果,显示了128MB区块成功维持了连续36小时。今年晚些时候,BSV节点团队预计会将默认区块上限提升至512MB,路径提升至1千兆字节(1000兆字节)或更高区块上限。终极目标是取消默认区块限制,允许矿工自行决定其想要接受的区块大小,并创建全新竞争性采矿市场。

阮先生补充道:

虽然其他比特币和加密货币项目支持者均关注价格和市场上限,但比特币SV正致力于构建一个可通过大规模扩提供业务支持,并具有实际长期价值支持功能的区块链。我们还在着手构建一个具有良性监管机制的生态系统,这会对比特币应用的推广和普及起到至关重要的作用。对于任何希望构建区块链应用程序的大型企业,我们邀请您一同构建全球企业区块链,并使用全球新型货币——比特币SV


近期活动:COINGEEK多伦多会议——5月29日至30日,加拿大多伦多

欢迎您参加529日至30举行的 CoinGeek 多伦多会议,了解 不设限的比特币可发挥哪些功能,以及比特币SV的最新链上扩容发展状况。比特币协会CoinGeek活动提供荣誉支持。注册简便快捷。如您通过 Coingate 使用 BSV这个全新的全球货币进行支付,您获得优惠


比特币协会简介

比特币协会是比特币业务的全球领先组织。其汇集了比特币生态系统中的商家、交易所、应用程序开发者、企业、矿工和其他参与者,齐心协力共同推动比特币商务的发展。比特币协会支持比特币SV(BSV)作为原始比特币,以稳定协议和扩容路线图成为全新的全球货币及全球企业区块链。作为一个具有包容性的组织,比特币协会欢迎支持或希望了解BSV和Satoshi Vision(中本聪愿景)的公司和组织踊跃加入,即使您同时还支持其他加密货币或区块链项目,比特币协会也欢迎您的加入。目前,您可免费申请会员资格。点击此处,注册成为会员

bitcoin-sv-bsv-mines-world-record-128mb-blocks

Bitcoin SV (BSV) mines world record 128MB blocks

Bitcoin SV [BSV] recently witnessed not one, but two, 128MB blocks mined on its network – the world’s largest ever on a public blockchain. The first huge block was mined on March 30, 2019 by nChain’s BMG Pool; just a day later on March 31, the second 128MB block was mined by entrepreneur Calvin Ayre’s CoinGeek Mining operation. These record-setting blocks prove that massive on-chain scaling works on Bitcoin, and Bitcoin SV is succeeding as the only project following Bitcoin’s original design and protocol.

Bitcoin SV emerged from the world’s first Bitcoin “hash war” last November, initially as a competitor to the Bitcoin ABC implementation of Bitcoin Cash (BCH) and now as its own chain and BSV token. Named for the “Satoshi Vision” of Bitcoin’s creator Satoshi Nakamoto, Bitcoin SV restores the original Bitcoin protocol, will keep it stable, and allow it to massively scale to a global network used by billions of people. 

Bitcoin SV currently has a default maximum block size of 128MB, meaning the recent huge blocks contained sufficient data from BSV users to fill the current cap. The two 128MB blocks come as Bitcoin SV witnessed multiple days of big action, including a 113MB block mined on March 28 by CoinGeek Mining and numerous blocks above 50, 60 and even 80MB – all far larger than blocks on any other competing blockchain.

The big blocks come from organic growth as users take advantage of BSV’s larger data capacity for the OP_RETURN field, a place in Bitcoin transactions to embed metadata. Whereas the Bitcoin Core and Bitcoin Cash ABC networks still restrict OP_RETURN data to much smaller sizes, BSV is lifting such limits to unleash the Bitcoin blockchain’s power to act as a global commodity ledger and data network. BSV’s recent big blocks contain large data files (high-resolution pictures) uploaded using the BitPaste multi-swipe application, which makes it easy for users to upload large files with quick swipes of MoneyButton. Other users have uploaded music and even video files to BSV. 

As its big blocks are more routine, Bitcoin SV debunks incorrect notions of Bitcoin Core (BTC) (now more accurately called SegWit coin) which opposed on-chain scaling, capped its block size at a tiny 1MB, and instead pursued Segregated Witness and a Layer 2 payment solution in Lightning Network. BSV also disproves Bitcoin Cash ABC developer claims that it is not yet practically feasible to sustain blocks above 32MB (the default limit on BCH ABC). 

The 128MB blocks are notable for another reason: each generated transaction fees for the successful miner of 1.279 BSV, adding another 10+% of miner revenue on top of the normal 12.5 BSV block reward. This demonstrates how massive on-chain scaling allows more transactions (of differing data types and differing fee levels) in a block, which in turn results in more revenue for miners. Bitcoin block rewards halve every 4 years, happening again next year as the block reward reduces from 12.5 to 6.25 coins. For mining to remain profitable to sustain the network, Bitcoin’s economic model requires miners to progressively earn more transaction fees to make up for the continually-reducing block reward value. That only happens with bigger blocks – as now demonstrated by BSV – to ensure Bitcoin’s long-term success. In contrast, other networks undermine Bitcoin’s economic incentive model by refusing to massively scale on-chain – with the BTC network’s biggest block to date only 2.3MB on March 11, 2019 and the BCH ABC chain only having a 4.6MB block on December 18, 2018. (The original Bitcoin Cash (BCH) chain had bigger 32MB blocks but that chain no longer exists after the November 2018 hard fork event; in any event, the 32MB blocks mined on the prior BCH chain were done using the Bitcoin SV implementation.) 

Jimmy Nguyen, Founding President of Bitcoin Association which advances the global Bitcoin SV ecosystem, observes:

“For too much of its 10-year life, Bitcoin has been artificially restricted. BSV users are now proving the original Bitcoin can massively scale and that Satoshi Vision is correct. We are thrilled to see the explosion of user creativity organically fill big blocks with new forms of data and generate more transaction fees for miners. With the BSV network handling big blocks quite well, we look forward to lifting the block cap even higher this year.”

Scaling even bigger is the next step for BSV. In March, the Bitcoin SV Node team announced results from its BSV Scaling Test Network showing 128MB blocks were successfully sustained for 36 continuous hours. Later this year, the BSV Node team expects to lift the default block cap to 512MB, en route to 1 gigabyte (1000 megabytes) or higher block caps. The ultimate goal is to have no default block limit, and allow miners to fully decide for themselves what block sizes to accept and create new competitive marketplaces for mining.

Nguyen adds:

Whereas other Bitcoin and cryptocurrency project supporters focus on price and market cap, Bitcoin SV is building a blockchain that is ready for business with massive scaling, with real utility to support real long term price value. We are also building an ecosystem that is regulation-friendly, which is essential for Bitcoin usage to become widespread. For any big business looking to build blockchain applications, we invite you to build on the global enterprise blockchain and to use the world’s new money – Bitcoin SV.”

UPCOMING: COINGEEK TORONTO CONFERENCE – May 29-30, Toronto, Canada

Come learn more about what Bitcoin can do with “No Limits” and the latest on-chain scaling developments with Bitcoin SV at the CoinGeek Toronto conference May 29-30. Bitcoin Association is a proud supporter of CoinGeek events. It’s easy to register. And pay with the world’s new money and you’ll receive a discount by using BSV via Coingate.

ABOUT BITCOIN ASSOCIATION

Bitcoin Association is the leading global organization for Bitcoin business. It brings together merchants, exchanges, application developers, enterprises, miners and others in the Bitcoin ecosystem to advance the growth of Bitcoin commerce. Bitcoin Association supports Bitcoin SV (BSV) as the original Bitcoin, with a stable protocol and scaling roadmap to become the world’s new money and global enterprise blockchain. As an inclusive organization, it welcomes companies and organizations who support or wish to learn about BSV and Satoshi Vision, even if you also support other cryptocurrency or blockchain projects. Membership is currently free. Register here to become a member.