FRNT Financial Inc (‘FRNT’), an institutionally focused fiat-settled cryptocurrency derivatives platform, have agreed to terms in a financing round lead by entrepreneur Calvin Ayre, founder of Ayre Group, CoinGeek and a major supporter of Bitcoin SV (BSV). The company offers a unique derivative type which the firm refers to as Synthetic Exposure Mechanisms (‘SEMs’).
FRNT has built out a platform that, when launched, will be offering the most diverse set of derivatives for those investors wishing to participate in the crypto markets but needing to settle in traditional fiat systems. Within their suite of products, FRNT will be offering the first fiat-settled BSV derivatives.
“While the Chicago Mercantile Exchange’s BTC Future has demonstrated success, the fiat-settled crypto derivatives offering for institutional investors has otherwise been all but non-existent. This has been one of the main blockers to this massive amount of investment capital remaining on the sidelines as cryptoassets fit into few Offering Memorandums and are outside the operational scope of most traditional asset managers. The Ayre Group clearly sees the significant economic opportunity presented by our platform. Furthermore, the BSV community are extremely confident in their protocol and believe it is to their benefit to help a neutral platform grow so more sophisticated investors can express their negative or positive views on a variety of currencies and bring more efficient, logical pricing to the space,” said FRNT’s CEO Stéphane Ouellette.
In addition to BSV derivatives, FRNT’s early roadmap will include many ‘firsts’ among fiat-settled crypto derivatives including: a variety of single-coin indices, composite index products, themed index products and spread index products that will allow a unique way for institutional investors to capitalize on inefficiencies throughout the ecosystem. The platform will be supported by high-value sales lead by the firm’s ‘24-Hours In Crypto’ daily investor note which is one of the most highly-regarded institutional products in the space.
FRNT’s CEO Stéphane Ouellette recently spoke at the CoinGeek Toronto conference on May 30 alongside nChain CEO David Washburn and Centbee CEO & Co-Founder Angus Brown on the topic of integrating incumbent financial institutions into cryptocurrency. Among a variety of topics it was concluded that massive-scaling, which can currently only be supported by BSV, was necessary for existing on-chain use cases in institutional financial services.
CoinGeek founder Calvin Ayre commented: “Bitcoin SV is the only blockchain project massively scaling to support the needs of financial institutions and major global enterprises. FRNT Financial recognizes the power of creating financial products on BSV, and I am pleased to support its growth.”
Ayre’s investment is part of a broader collaboration between DRIVE and the Bitcoin SV ecosystem. nChain, the global leader in advisory, research, and development of blockchain technologies, will support FRNT with its technical consulting services and access to its vast intellectual property portfolio. Along with Ayre’s CoinGeek operations, nChain is another key backer of Bitcoin SV.
Jimmy Nguyen, Founding President of the Bitcoin Association (which advances Bitcoin SV’s global business ecosystem) and Chair of nChain’s Strategic Advisory Board, remarked:
“We welcome FRNT Financial to the Bitcoin SV ecosystem, further demonstrating that BSV’s big blocks support big business. FRNT Financial also appreciates the value of a regulation-friendly environment, which BSV provides. BSV is on the rise, and we invite more companies to build their products and applications on the only massively scalable blockchain – Bitcoin SV.”
Top 3 Finalists Will Be Flown to Toronto to Win Prize Pool of 400 BSV Currently Valued over $27,000
Toronto, Canada – May 16, 2019 – Bitcoin Association, the leading global organization for Bitcoin business, has held the first ever Bitcoin SV (BSV) Hackathon. The first phase of competition was a virtual hackathon that took place globally over the weekend of May 4-5 with 122 individual competitors, plus another 94 joining together to form 42 teams. Their challenge was to develop a solution for BSV on-boarding issues, extending beyond on-boarding new users to the challenge of also on-boarding new developers to BSV.
The quality of entries was so high that the judges named 14, rather than the originally expected 10, semi-finalists. Now the entries have been narrowed to three top finalists. A representative of each finalist team will be flown to Toronto for the ultimate judging and awarding of 400 BSV coins (currently valued over $27,000) at the CoinGeek Toronto conference on May 30. All finalists will also have the opportunity to be considered for investment by CoinGeek founder Calvin Ayre, the technology entrepreneur. The finalists will be judged by four expert judges plus a vote by the entire conference audience, expected to be more than 250 global cryptocurrency elites. The winner will be announced at the conference’s end with 1st place winning 250 BSV, 2nd place 100 BSV, and 3rd place 50 BSV.
Jimmy Nguyen, Founding President of Bitcoin Association, explains: “We are thrilled that over 200 developers from 19 countries around the world joined the hackathon to build on BSV. We were especially excited to see the entrants’ diverse and creative range of on-boarding solutions, many of which could form the basis for successful BSV ventures. This reinforces why Bitcoin SV is the rebirth of the original Bitcoin, enabling developers to finally unleash the true power of Bitcoin’s original design, protocol, and Satoshi Vision.”
Jimmy’s congratulatory video for the finalists is viewable below:
The three finalist projects are:
TonicPow – A peer to peer advertising platform enabling users to monetize their site and earn Bitcoin SV directly from advertisers who can also promote their product with ease or raise money with crowd funding “Tonics.” TonicPow was developed by a Canada-based team of Attila Aros (captain), Luke Rohenaz, and Austin Rappaport.
UptimeSV – UptimeSV provides distributed performance and uptime monitoring for robust, DDoS-hardened enterprise systems that is, of course, powered by Bitcoin SV and enables anyone to earn BSV by installing an app and getting paid to participate in uptime tests for clients of the platform. UptimeSV was developed by an Australia-based team who go by the name of Demonstrandium and are led by Dean Little (captain) with Brent Bevear, and Jye Turner.
Polyglot – Polyglot is designed to be Bitcoin SV’s most intuitive way to interact with a myriad of metanet protocols through python, thus smoothing to entry path for new developers to Bitcoin SV - it’s a match made in heaven. Polyglot was developed by a New Zealand-based developer with user name “AustEcon.”
The online competition is a lead-up to popular Bitcoin event, the CoinGeek Conference, taking place in Toronto for a two-day happening at The Carlu, a historic event space, on May 29-30.
Sponsored by CoinGeek, the conference producer and popular cryptocurrency news site that supports BSV, this Hackathon is the first in a series presented by the Bitcoin Association. The association brings together merchants, exchanges, application developers, enterprises, miners and others in the Bitcoin ecosystem to advance the business of Bitcoin. It supports Bitcoin SV (BSV) as the original Bitcoin, with a stable protocol and scaling roadmap to become the world’s new money and global public blockchain for enterprise.
The Hackathon was run by nChain, a trail-blazing blockchain innovation company committed to BSV. nChain’s impressive group of R+D professionals, led by Dr. Craig S. Wright, the pioneering Bitcoin scientist, have developed a global portfolio of 700 patent applications. They are leading research into solutions to massively scale the Bitcoin SV network and enable powerful technology applications of its blockchain.
With this exciting competition and significant prize pool, the Bitcoin Association is thrilled to see what developers can build with Bitcoin SV.
Toronto, Ontario – May 2, 2019 – The exciting global lineup for CoinGeek’s Toronto conference is proof of the health and vigour of the Bitcoin SV (BSV) community. CoinGeek Toronto will focus on massive scaling of Bitcoin to become the world’s new money and global enterprise blockchain. That is only possible on Bitcoin SV, the only project to follow the original design, protocol and vision of Bitcoin’s creator Satoshi Nakamoto.
Building on the success of last year’s London conference which occurred shortly after BSV emerged, Toronto will welcome new and familiar names to the stage from across the world, alongside BSV leaders such as Dr. Craig Wright of nChain and Jimmy Nguyen of Bitcoin Association.
The two-day event will have a Developers Day on May 29, with the main conference on May 30.
Among the new speakers at the event will be Kate Hiscox, founder and CEO of Vancouver-based DRIVE Markets, an institutional crypto and fiat exchange which has just announced an investment “in the multiple seven figures” from Calvin Ayre, founder of CoinGeek and a major supporter of BSV.
BSV’s entry into the world of role-playing online games and eventually e-sports will be described by two executives from Kronoverse, the U.S. game development company behind CryptoFights, which will be recording player battles to the BSV blockchain. Adam Kling, founder & CEO and David Case, chief architect, of Kronoverse will even give a tech demo of CryptoFights’ use of the BSV blockchain.
Cole Diamond is probably the speaker with the shortest distance to travel, as CEO of Coinsquare, the Toronto-based cryptocurrency trading platform. Cole will talk about the future of cryptocurrency exchanges, a timely topic given recent controversies about exchanges.
More new speakers coming from across the globe will be Boris Javier Barrera Garcia, founder and CEO of the Colombian BSV payment service Bitek.co and Lin Zheming, co-founder and CEO of Mempool, a Bitcoin mining pool in China.
The Toronto event will also feature familiar names, such as long-time and well-respected Bitcoin executive Jack Liu (formerly of the OKEx and Circle exchanges). Coming from Hong Kong, Jack will be talking about his two new ventures, FloatSV, a BSV-based exchange and RelayX, which he calls a “super-wallet” as it’s compatible with a wide range of other products. Both projects are designed to promote BSV user adoption and increase transaction volumes, playing to the strengths of BSV’s highly scalable blockchain.
From Japan, another notable Bitcoin advocate Jerry Chan, general manager at Japanese financial services powerhouse SBI Group in Tokyo, will share his ideas about the age of data and accountability using blockchain technology.
Also back by popular demand to report on progress of their businesses will be Elizabeth White of New York’s The White Company, which is moving from high-end Bitcoin retail into payment solutions; Michael Hudson from London’s Bitstocks, talking about Gravity, his new “Bitcoin banking ecosystem”; Stephan Nilsson, from Norway’s UniSOT company, which is building an ERP and supply chain management solution on the BSV blockchain; and Kristy-Leigh Minehan, CTO of Core Scientific, everyone’s favourite crypto mining expert.
They join more speakers from Australia, Slovenia, South Africa, and Spain for a truly global event.
For big ideas and some revelations, don’t miss the closing interview of the conference, when Jimmy Nguyen, chair of nChain’s Strategic Advisory Board and founding president of Bitcoin Association will explore the origins of Bitcoin with none other than its creator Dr Craig Wright, nChain’s Chief Scientist – who will discuss once and for all his creation of Bitcoin.
And of course, to celebrate, there’ll be one of Calvin Ayre’s famous after-parties – the like of which Toronto has not yet seen!
For full details and to reserve tickets to CoinGeek Toronto, register here. See you in Canada at the end of May!
블록체인상의 인기 있는 CryptoFights 3D 파이팅 게임 배후에 있는 독립적인 게임 개발 회사인 Kronoverse 기업은 온라인 게임 기업가이자 Ayre Group과 CoinGeek 의 설립자인 캘빈 아이어로 부터 선두 투자자금을 확보했습니다. 해당 투자는 지난달 Kronoverse가 CryptoFights의 게임 네트워크 계층을 작동시키기 위해 비트코인SV [BSV] 블록체인을 사용할 것이라는 획기적인 발표 이후 비롯되었습니다. 아이어는 본인의 CoinGeek 채굴, 미디어 및 투자운영을 통해 BSV에 재정을 지원하는 핵심 재정 후원자이자 투자가 BSV블록체인 사용 및 거래량을 많이 증가시킬 것에 큰 기대를 걸고 있습니다.
Kronoverse 팀은 모든 게이머의 이익을 위해 블록체인 기술력을 게임에 야심 차게 도입하고 있습니다. 신비로운 고대 경기장을 설치해 CryptoFights 게임을 블록체인 기술력으로 운영하고 Android, iOS와 PC 게임에서도 플레이어들이 1대 1 대결들부터 나아가 3대3으로까지 소름 돋는 접전을 벌일 수 있도록 합니다. Kronoverse는 BSV 블록체인의 특별한 역량을 감사 가능 데이터 장부와 감사 가능 데이터 저장 네트워크로 활용해 왔습니다. CryptoFights 게임은 다양한 최첨단 방식으로 BSV 블록체인을 사용할 것입니다:
● 게임 플레이는 네트워크 계층 내에서 BSV 블록체인을 사용합니다.
● 플랫폼은 BSV블록체인에서 온라인 게임 배틀을 기록하며, 해당 기록은 영구히 접근할 수 있습니다.
● Kronoverse는 과거 플레이한 게임과 라이브 게임을 볼 수 있도록 맞춤형 블록 탐색기를 개발 중입니다(“배틀 탐색기”라고 하는 게 더욱 좋겠군요) 플레이어들은 BSV 블록체인의 데이터를 사용해 자신이 과거에 플레이한 게임을 다시 볼 수 있습니다.
● 비트코인과 매우 유사하게 디지털 서명 체인을 기반으로 하고 있으며, 게임은 게임플레이의 영구적인 감사 추적을 생성하기 위해 플레이어의 움직임을 연결해야 하므로 디지털 서명 체인을 사용할 것입니다.
비트코인의 창시자인 사토시 나카모토의 이름을 딴 “사토시 비전”은 오리지널 비트코인 프로토콜을 복원하고 안정적으로 유지해주며 대량의 규모를 가능케 합니다. Kronoverse이 그러하듯, BSV는 온라인 게임이 혁신적인 방식으로 블록체인을 사용할 수 있도록 필요한 스케일링 로드맵을 보유하고 있습니다. 일전에 BSV의 블록체인은 한 개도 아닌 두 개의 공공 블록체인 중 세계 최고 규모인 128MB의 기록을 본 바 있습니다. (비교하자면, 비트코인 코어 [BTC]는 소형의 1MB 블록 캡을 보유하고 있습니다). 128MB 블록으로 BSV는 초당 800번 이상의 결제 거래가 가능하며 대량의 데이터 파일 (예로 게임 동영상 및 고화질 사진)을 기록할 수 있고, 비트코인 내에서 대량의 온 체인 스케일링 작업도 가능함을 증명할 수 있습니다. 더 나아가, 비트코인 SV는 기가바이트 (1,000MB)용도 준비 중이며 결국에는 초당 수백만의 결재 거래 처리와 더 큰 용량의 데이터 파일조차도 처리할 수 있는 테라바이트 (백만 MB) 블록을 준비할 것이며 단순히 온라인 게임뿐 아니라 모든 산업에 있어 글로벌 데이터 원장이 될 것입니다.
Kronoverse의 회장인 아담 클링은 다음과 같이 설명합니다: “우리는 BSV에 관해 배우고 온라인 게임에서 블록체인의 실제 역량을 발휘할 수 있도록 우리가 필요로 하는 것들이 BSV에서 구현되는 것을 보기 전까지는 다른 블록체인 플랫폼을 조사하는 데만 연연했습니다. BSV에는 우리가 활용하고자 하는 대량의 데이터 기록용 대량 데이터 파일을 다룰 수 있는 대용량 스케일링 계획이 있고 그 커뮤니티에 의해 만들어진 훌륭한 개발자 툴이 있으며 감사 추적도 제공합니다. 현재 캘빈 아이어의 투자로 저희는 BSV 블록체인에 힘입어 CryptoFights 를 더욱 강력하게 만들 수 있게 되었습니다.”
블록체인 게임 혁신과 함께, Kronoverse 는 또한 e스포츠를 실행할 수 있습니다. 블록체인-사용 가능 이동 추적은 모든 플레이어의 움직임이 블록체인에 기록되어 분석에 의한 무한정한 일치 재생을 제공합니다. 블록체인 기술력이 플레이어를 정직하고, 투명하며 책임감을 느끼고 플레이할 수 있도록 하기 때문에, 속임수를 쓰는 사람들을 근절하는 효과를 만들어 낼 것입니다. 이러한 특징은 CryptoFights는 경쟁사 간에 우위를 차지하며 e스포츠 산업에 혁신을 불러일으킬 것입니다.
캘빈 아이어는 다음과 같이 덧붙였습니다: “ 저는 온라인 게임과 비트코인을 좋아합니다. 그러기에 Kronoverse 이 이 두 가지를 결합했다는 것이 정말 인상적입니다. 저는 이 회사가 오리지널 비트코인이 대량의 스케링일이 가능한 현 비트코인 SV로 돌아온 것을 신속하게 인식했다는 것에 감명을 받았습니다. 저는 Kronoverse 가 큰 돌풍을 몰고 올 것을 확신하며 다른 온라인 게임 기업들 역시 비트코인 SV를 기반으로 할 것을 권장합니다.”
아이어의 투자는 대규모의 콜라보레이션의 일부입니다. 블록체인 기술력의 자문, 리서치 및 개발의 글로벌 리더인 nChain 은 Kronoverse에게 기술적 컨설팅 서비스와 대량의 지적 재산 포트폴리오 접근을 지원할 것입니다. 아이어의 CoinGeek 작업과 마찬가지로, nChain은 비트코인 SV의 또 다른 핵심 재정 후원자입니다. 비트코인협회(비트코인 SV의 글로벌 비즈니스 생태계를 선도) 의 창립회장이자 nChain의 전략 자문위원회 의장인 지미 응우옌은 다음과 같이 언급합니다:
“Kronoverse 는 흥미로운 게임 플레이와 대량의 거래량을 비트코인 SV 생태계에 더했습니다. 모범적인 게이머같은 이 회사는 BSV 블록체인을 창의적으로 사용하여 다음 단계로 가고 있습니다. 우리는 Kronoverse와 함께 일하여 추후 온라인 게임 분야용 BSV 기술력을 드러낼 것에 기대되며 유일한 대용량 스케일링이 가능한 블록체인인 비트코인 SV에 더 많은 기업을 초대하고 싶습니다.”
KRONOVERSE 기업 소개: 인디 게임 개발 기업인 Kronoverse 기업은 블록체인 기술력을 사랑하는 열정적인 게이머들입니다. 그들은 모든 게이머의 유익을 위해 블록체인 기술력을 게임에 야심 차게 도입하고 있습니다. CryptoFights 게임의 공식 글로벌 데뷔 트레일러를 여기서 감상하십시오:
Kronoverse의 회장인 아담 클링과 수석 책임자인 데이비드 케이스는 토론토 칼루에서 5월 29일부터 30일까지 곧 있을 CoinGeek 토론토 컨퍼런스에 참석해 강연할 예정입니다. “무한”이라는 비트코인 스케일링을 주제로 컨퍼런스가 진행되고 블록체인 스케일링의 세계적인 지도자들이 함께 할 것입니다. 컨퍼런스에서 클링과 케이스는CryptoFights에 새 기능 제공하기 위해 BSV를 사용하려는 본인들의 결정을 논하고 기술력 데모도 선보일 예정입니다.
Ayre Group소개: 창업자 캘빈 아이어에 의해 설립된 Ayre Group은 전 세계에 걸쳐 투자하고 이에 관심이 있습니다. 전 세계에 걸쳐 7개 국가에 콘텐츠, 출판, 핀테크, 부동산 및 동산에 대한 열정으로Ayre Group은 세계에서 가장 영향력있는 혁신을 지원하고 추진합니다
NCHAIN그룹 소개: nChain 그룹은 블록체인 기술력의 자문, 리서치 및 개발의 글로벌 리더입니다. 그룹의 비전은 진정한 비트코인으로 비트코인 SV를 중점적으로 다루는 사토시 나카모토의 백서를 대표하는 오리지널 비트코인 프로토콜인 비트코인 SV의 대량 성장과 전 세계적으로 채택되도록 하는 것입니다.
VANCOUVER, British Columbia, May 03, 2019 — Squire Mining Ltd. (CSE:SQR | FWB:9SQ | OTCQB:SQRMF) (“Squire”) announced that it has completed the acquisition of all of the outstanding securities of Freschette Limited (“OpCo”), which owns and operates a fleet of cloud computing assets in Kazakhstan representing 276 petahash/second (PH/s) of computing power. Pursuant to the share purchase agreement among Squire, OpCo and Mr. Calvin Ayre dated March 22, 2019 (the “Share Purchase Agreement”) Squire purchased OpCo for a purchase price of C$24.1 million (inclusive of operational prepayments and subject to post-closing adjustments) satisfied by issuance of an unsecured convertible debenture accruing interest at 15% per annum and due May 1, 2020. The debenture may be satisfied on maturity (or at any time after the date that is nine months following closing) in whole or in part, at the option of the holder, by common shares of Squire at a valuation of C$0.45 per share or, at the option of Squire (at any time after March 27, 2020), pursuant to a formula based on its then current trading price and subject to a floor of C$0.30.
At the time the Share Purchase Agreement was executed, the OpCo assets were cash positive after operational expenses (at then current market prices). The price of bitcoin has increased significantly since that time and management expects that OpCo operations will remain proportionately cash positive. Financial data with respect to cloud computing operations is expected to be made available in Squire’s second quarter financial statements.
The parties remain committed to completing the remainder of the acquisitions announced by way of Squire’s press release of November 30, 2018, as updated on March 25, 2018, in connection with an extension of exclusivity in respect of such negotiations until June 30, 2019.
Canaccord Genuity Corp. acted as financial advisor to Squire in connection with the transaction.
A copy of the Share Purchase Agreement will be filed under Squire’s profile on SEDAR.
In addition, Squire has entered into a perpetual license agreement for custom cloud computing management and pooling software and source code (together referred to as the “Software”) from a private development group based in the United Kingdom (“Licensor”). In consideration of the license of the Software, Squire shall pay to Licensor the sum of £1,500,000, payable in four installments with the first payment due upon signing with the remaining installments payable every six months following.
About Squire Mining Ltd.
Squire is a Canadian based technology company engaged, through its subsidiaries, in the business of developing and operating cloud computing data infrastructure and system technology to support global blockchain applications related to Bitcoin SV, Bitcoin Core and other associated SHA-256 derived digital assets.
About CoinGeek Mining & Hardware
CoinGeek Mining & Hardware operates a global fleet of ASIC miners that contribute a significant portion of the hash power to secure and scale the Bitcoin SV enterprise‐grade blockchain. CoinGeek’s professional team has developed industry leading practices to ensure its mining fleet operates at maximum performance whilst optimizing its cost profile to maximize profitability.
The CSE accepts no responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes “forward-looking information” as defined under applicable Canadian securities legislation. Forward-looking information and statements include, but are not limited to, disclosure regarding possible events, that are based on assumptions about future economic conditions and courses of action. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, future demand for Bitcoin SV, Bitcoin Core and other cryptocurrencies and risks related to the mining thereof, integration issues, personnel and staffing requirements and technological change and obsolescence, the business impact of the perpetual license agreement for custom cloud computing management and pooling software and source code and risks as to whether the OpCo operations will remain proportionately cash positive. There are no assurances with respect to: the negotiation, entering into and completion of any definitive purchase agreement for any future asset acquisitions with Mr. Ayre or his affiliates (on the terms presently contemplated or at otherwise). Actual results and future events could differ materially from those anticipated in such forward looking information. Accordingly, readers should not place undue reliance on forward-looking information. All forward looking information in this news release is made as of the date hereof and qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. Squire disclaims any intention or obligation to update or revise such forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Kronoverse Corp., an independent game development company behind the popular CryptoFights 3D fighting game on blockchain, has secured lead investment in its seed round from Calvin Ayre, online gaming entrepreneur, and founder of Ayre Group and CoinGeek. The investment comes on the heels of Kronoverse’s ground-breaking announcement last month that it will use the Bitcoin SV [BSV] blockchain to power CryptoFights’ game networking layer. Ayre is a key backer of BSV, through his CoinGeek mining, media and investment operations, and expects the investment to provide a significant boost to BSV blockchain usage and transaction volume.
The team at Kronoverse are ambitiously merging blockchain technology with gaming to benefit all gamers. Set in a mystical ancient arena, their CryptoFights games operates with blockchain technologies, and allows Android, iOS, and PC gamers to battle player versus player (PvP) in 1v1 duels and soon up to 3v3 insanely gruesome skirmishes. Kronoverse has tapped into the BSV blockchain’s unique power as an auditable data ledger and data storage network. Their CryptoFights game will use the BSV blockchain in several cutting-edge ways:
● The gameplay uses the BSV blockchain in its networking layer.
● The platform will record online game battles to the BSV blockchain, so they can be accessed forever.
● Kronoverse is developing a custom block explorer (or better yet, a “battle explorer”) to view past and live games. Players can replay all their past games using data from the BSV blockchain.
● Much like Bitcoin is based upon a chain of digital signatures, the game will use a chain of digital signatures to link together player moves to make a permanent audit trail of gameplay.
Named for the “Satoshi Vision” of Bitcoin’s creator Satoshi Nakamoto, Bitcoin SV restores the original Bitcoin protocol, keeps it stable, and allows it to massively scale. BSV has the scaling roadmap necessary for online games to use the blockchain in innovative ways, as Kronoverse is doing. Just recently, BSV’s blockchain witnessed not one, but two, 128MB record-setting blocks – the world’s largest ever on a public blockchain. (For comparison, Bitcoin Core [BTC] has a small 1MB block cap). With 128MB blocks, BSV can handle 800+ payment transactions per second and also record large data files (such as game videos and high-resolution photos), and proves that massive on-chain scaling works on Bitcoin. Furthermore, Bitcoin SV is preparing for gigabyte (1000 MB) and eventually terabyte (1 million MB) blocks to process billions of payment transactions per second and even larger data files, and become the global data ledger for all industries, not just online games.
Kronoverse CEO Adam Kling explains: “We were investigating other blockchain platforms until we learned about BSV and saw it delivers what we need for online games to leverage blockchain’s true capabilities. BSV has the massive scaling plan to handle large data files for recording the massive amounts of data we plan to utilize, has great developer tools created by its community, and provides an audit trail. Now with Calvin Ayre’s investment, we can make CryptoFights even more powerful with the BSV blockchain.”
With its blockchain game innovations, Kronoverse can also transform eSports. Blockchain-enabled move tracking means all your player moves are recorded on the blockchain, and provides unlimited match playback with analytics. It will stop cheaters, as blockchain technology keeps the players honest, transparent and accountable. These attributes make CryptoFights well-positioned for competitive play, and can revolutionize the eSports industry.
Calvin Ayre commented: “I love online games and I love Bitcoin, so it’s great that Kronoverse combines them both. I’m impressed that its team quickly recognized what the original Bitcoin, now back as Bitcoin SV, can do with massive scaling. I’m betting that Kronoverse makes a big impact, and I encourage other online game companies to also build on Bitcoin SV.”
Ayre’s investment is part of a broader collaboration. nChain, the global leader in advisory, research, and development of blockchain technologies, will support Kronoverse with its technical consulting services and access to its vast intellectual property portfolio. Along with Ayre’s CoinGeek operations, nChain is another key backer of Bitcoin SV.
Jimmy Nguyen, Founding President of the Bitcoin Association (which advances Bitcoin SV’s global business ecosystem) and Chair of nChain’s Strategic Advisory Board, remarked:
“Kronoverse adds the fun – and big transaction volume – of game play to the Bitcoin SV ecosystem. And like a good gamer, it is taking creative uses of the BSV blockchain to the next level. We look forward to working with Kronoverse to further unlock BSV’s technical power for the online game sector, and invite more companies to build on the only massively scalable blockchain – Bitcoin SV.”
ABOUT KRONOVERSE CORP: Indie game developers Kronoverse Corp are passionate gamers that love blockchain technology. They are ambitiously merging blockchain technology with gaming to benefit all gamers. Watch the Official Global Debut Trailer of their CryptoFights game here:
Kronoverse’s CEO Adam Kling and Chief Architect David Case will attend and speak at the upcoming CoinGeek Toronto conference, May 29-30 at the Carlu in Toronto. The conference focuses on Bitcoin scaling, with “No Limits”, and will feature the world leaders in blockchain scaling. At the event, Kling and Case will discuss their decision to use BSV to power new capabilities on CryptoFights, and also show a tech demo.
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.
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.
이제 비트코인 SV STN(Scaling Test Network)이 비즈니스에도 열려 있습니다. 응용 프로그램 및 서비스에 비트코인의 스케일링 제한을 테스트해보고 싶은 기업 및 개발자들을 초대하여 STN을 사용해보고 무한한 비트코인 블록체인의 미래에 이바지할 수 있기를 바랍니다.
STN은 비트코인 협회(Bitcoin Association)의 비트코인 SV Node 프로젝트의 이니셔티브로, nChain가 개발하고 CoinGeek이 자금을 후원하고 있으며 사토시 쇼트건(전문 스트레스 테스트) 팀에 의해 거래 트래픽을 제공받고 있습니다. 이 글로벌 공개 네트워크는 계속적으로 거래를 제공하여BSV 개발자들이 많은 양을 테스트 할 수 있게 합니다. 관심 있는 비즈니스 및 개발자는 전 세계에서 가입할 수 있으며 STN을 사용해서 큰 거래량이나 큰 데이터량을 요구하는 비트코인 응용 프로그램 및 시스템을 테스트해볼 수 있습니다.
빅 스케일링으로 비트코인SV(BSV)는 다른 블록체인 프로젝트와 차별화되며, 이는 비즈니스가 BSV에서 응용 프로그램을 구축해야 하는 이유가 됩니다. 비트코인 창시자 사토시 나카모토(Satoshi Nakamoto)의 ‘사토시 비전’에서 이름을 딴 BSV는 오리지널 비트코인 프로토콜 및 비전을 따르는 유일한 프로젝트로, 블록체인의 대량의 스케일링에 전념해서 비트코인이 수십 억명이 사용하는 세계의 새로운 통화가 되고 기업의 글로벌 데이터 원장이 되도록 하고 있습니다.
바로 이것이 비트코인 SV가 현재가 아닌 미래를 위해 스케일링 용량을 구축하는 이유입니다. 지난 6개월간 BSV 블록체인은 이미 초당 20건의 거래에서 400건으로 증가했습니다. BSV 스케일링 테스트 네트워크는 이미 2019년 3월에 7일간에 걸쳐 초당 1200건 거래라는 상당히 높은 거래량을 계속해서 유지하는 것을 테스트했습니다. 그러므로 이는 지난 달의 BSV 테스트 결과는 거의 초당 1,700건(매일 1500만 건)의 거래를 처리하는 Visa 및 MasterCard 결제 네트워크량에 가깝다고 볼 수 있습니다. 2020년 2월까지 BSV는 Visa 및 Mastercard 평균 거래량을 초과하게 될 것을 예상되고 있습니다. 그 이후에는 BSV 추후 스케일링은 BSV 블록체인에서 모든 기본 설정 블록 사이즈 제한을 제거해서 현존하는 어떤 것보다 많은 거래량을 제공할 계획입니다. BSV 블록체인이 처리할 수 있는 것은 결제뿐만 아니라 토큰, 스마트 계약, 사물 인터넷(IoT) 및 세계 기업용 다수의 기타 데이터 거래 유형도 있습니다.
nChain 엔지니어링 디렉터 겸 비트코인 SV Node 프로젝트 기술 디렉터인 스티브 셰더스(Steve Shadders)가 말합니다. “향후 몇 달간, 우리는 스케일링 테스트 네트워크의 최대 블록 사이즈 최대 10GB(10,000MB)로 증가해서 추가 콘센서스 업그레이드 없이 초당 수만 건의 거래량으로 증가할 수 있게 할 것입니다. 우리는 블록을 채우는 시대를 지나 무한한 성장의 시대로 도약하는 중입니다. 우리는 목표는 단순히 한계를 넘는 것이 아니라 한계가 없는 것을 증명하는 것입니다.”
STN을 사용하는 것은 회사 및 개발자에 많은 혜택을 제공합니다. 이 네트워크는 지속적이고 다양한 공급의 거래 트래픽을 제공하게 되어 서비스의 전세가 계속해서 역전될 것입니다. 비즈니스는 자신들의 초기 응용 프로그램의 성과 병목 지점을 알 수 있고 로드가 라이브 환경에 이르기 전에 바로잡게 될 것입니다. STN을 이용해서 기업은 고객에게 본인들의 BSV 스케일링 요구사항이 만족되고 있음을 보장할 수 있습니다. 그렇게 되기까지 비트코인 협회 및 비트코인 SV Node팀은 올해 후반쯤에 서비스가 독립적인 탄력 증명서가 될 STN 증명 프로그램을 만들 계획입니다.
또한, STN은 전담 지원팀을 구성해 개발자 및 기업의 문의사항에 지원할 예정입니다. BSV Node 개발자 브라드 크리스텐센(Brad Kristensen)은 STN 관리 매니저역할에 임명되었습니다. Brad는 GPU 시대 마이닝부터 시작해서 nChain 수석 개발자로 글로벌 자문 리더, 블록체인 기술의 연구 개발 등을 비트코인 분야에서 오랜 경력을 쌓았습니다.
비트코인 협회 설립 회장이자 nChain 잔략 자문 위원회장 지미 응우옌(Jimmy Nguyen)은 이렇게 말합니다. “큰 기업은 그들의 큰 거래량 필요를 처리하는 블록체인이 필요합니다. 비트코인 SV 형태의 오리지널 비트코인은 항상 영향력이 있었고, 이제 우리가 최대 스케일링 역량을 잠금해제하고 있습니다. 우리는 세계에 있는 비즈니스가 BSV에서 응용 프로그램들을 만들도록 격려하며, 성장하는 BSV 생태계를 위한 안전한 환경이자 리소스로 스케일링 테스트 네트워크를 제공하게 되어 기쁩니다.”
With CoinGeek Toronto just around the corner, I wanted to sit down with our Founder, Calvin Ayre, to get his thoughts on some of the latest topics surrounding the Bitcoin SV ecosystem and why our readers should consider joining him at the conference.
Craig Wright is Satoshi Nakamoto
Since the creator of Bitcoin, “Satoshi Nakamoto,” revealed his technology to the world in January 2009, the question of who is behind the pseudonym has been a popular debate amongst crypto enthusiasts.
“Bitcoin was invented as a direct solution to government interference and people’s ability to spend their money where they want to in the gaming industry. So Bitcoin actually comes from the gaming industry,” Ayre explained.
“Craig’s got a background in the gaming industry, I have a background in the gaming industry and one of my close personal friends from the gaming industry actually knew Craig, another Australian gentleman, when he invented Bitcoin,” he said.
“Subsequent to that, I was introduced to Craig, and Craig has demonstrated in a number of other ways so that there’s no doubt in my mind that Craig is Satoshi Nakamoto and Craig is going to be proving that in court this year,” Ayre revealed.
Going to court to stop internet trolling
When asked for more details on going to court, Ayre explained that in an effort to squash endless digital trolling, both himself and Wright have engaged the same law firm to assist in obtaining relief and helping to set the facts straight.
“Essentially what [the trolls] are trying to do is defraud Craig of his own legacy and defraud the rest of the planet of the truth about the true power of original Bitcoin which is now, today, BSV,” Ayre said.
“Craig is forced to go to court right now to basically stop the other side from lying. Craig is more than happy to defend his technology and that’s where the conversation should be, but these attacks on Craig because he’s overweight or because he’s a fraud of some sort, that his university degrees aren’t true- that’s just not true. That’s just not real,” he explained.
“And no amount of attacking Craig for these crazy arguments is going to make their technology work. So these people that are conflicted and have interests in other technical platforms, that are threatened by the power of real Bitcoin SV, what they need to do instead of wasting their time unlawfully attacking Craig, is go back and fix their stuff,” Ayre added.
Scale it and they will come
While there are plenty of opinions flying around Wright’s reveal of his true identity, no one can deny Bitcoin SV’s unique ability to scale massively which has been achieved in a relatively short period of time.
“It’s absolutely true. I’m a business owner and entrepreneur, and I know for a fact that I would not invest in a platform for an application development if I didn’t know it could already handle the volume that I anticipate from the success of my project. And that’s just business 101 and that applies to the gaming industry and it applies to all industries,” Ayre explained.
“In just a few months we’ve got a platform that can regularly mine 128 MB blocks and if you look at the other platforms, BCH ABC’s largest block is 4.5MB, BTC Segwit is 2.5MB and Litecoin is 1.5MB and original Bitcoin, BSV, is regularly doing 128. We think by the middle of the year it will be 500MB and between 1 and 2GB blocks by the end of the year,” he revealed.
“So I don’t know what these other platforms are going to do, but to me, instead of attacking Craig, they should focus on figuring out on how to make their technology work because right now, none of them work,” Ayre added.
Big blocks: Why should we care?
While mining several 128MB blocks on the BSV chain is big news for crypto enthusiasts, the average person out there may not understand the significance.
“Scaling removes the incentive for forking, so the technology is not going to fork anymore, scaling allows the transaction volume that will create the financial incentive for miners to continue to mine which creates the security on the network, so the security is enhanced by the scaling,” he said.
“Scaling gives the confidence to enterprise and start-up development to aim their application development at that network which is going to stimulate the transaction volume that’s necessary to attract the security and at the end of the day, just like there’s no need to be two internets, there will only be one platform. And that platform has to, by definition, be the one that scales,” he added.
“So all these business models that you can dream of, that could possibly be done with frictionless micro-transactions on the internet can only be done on BSV and I think that everyone should applaud that, its going to make our lives better,” he said.
Focus on utility, not price
Despite being around for 10 years now, plenty of people are still fixated on the price of Bitcoin (and other crypto currencies) and they often mistake a higher price for a superior technology.
“The prices of tokens out there today are artificial. They are not real. Fundamental, long-term value of a token is created by utility and utility only. All this other fluff, promotional fluff that’s out there, or FUD, to me they’re a bunch of Ponzi schemes, they’re trying to talk people into buying these things to make the price go up,” Ayre explained.
“Real utility, you don’t have to promote it, it goes up because it becomes in demand because it can be used for something. That’s utility and that’s BSV, the only one that’s got true, underlying utility. I think its significantly undervalued from that perspective and I tell people that if you are interested in investing, then you invest in utility, you don’t invest in price,” he added.
Coming to North America for the first time, CoinGeek’s next conference will take place on May 29th-30th in Toronto, Canada, this time with a special focus on massive on-chain scaling.
“This is the third [conference] I’ve done and I’m going to be doing lots more, the next one after this of course is in Seoul in Asia, and I’m going to be doing these around the world,” Ayre confirmed.
“We originally started them to talk about different aspects of platform and it dawned on us that what we really needed to talk about is scaling because that’s the one area where people that are supporting these other technologies that don’t work are very confused,” he said.
“Craig said [Bitcoin] would scale, Bitcoin was born an adult and now he’s got control of Bitcoin again and he’s proving that he was right and I think that’s pretty much the end of the story,” he added.
In its tireless dedication to making Bitcoin SV (BSV) the most secure, professional cryptocurrency and blockchain on the market, the Bitcoin SV Node development team are always on guard. As a part of that effort, the team, working with respected security audit firm Trail of Bits, recently caught three medium severity vulnerabilities in the BSV software (the reference implementation for Bitcoin SV) resulting in a high overall risk rating. The Bitcoin SV Node team did not itself create the vulnerabilities but likely inherited them from the Bitcoin Core (BTC) software and the Bitcoin ABC implementation of Bitcoin Cash (BCHABC), and immediately moved to fix them. The Bitcoin SV Node team also responsibly disclosed the bugs to other competing Bitcoin development teams – such as Bitcoin Core, Bitcoin ABC and Bitcoin Unlimited – so they could also fix the vulnerabilities in their code.
In a recent press release,the Bitcoin SV Node team and the Bitcoin Association detailed the three vulnerabilities, which have already been fixed by the February 11 version 0.1.1 release of Bitcoin SV Node. All three weaknesses in the code would have allowed bad actors to overload the network and node processors with useless packets, potentially overloading the system with traffic. It should be noted that the potential damage would not leave businesses or users at risk of losing any funds or transactions.
This is a great catch by the teams involved. Although a slow and crippled network might be par for the course for BTC because of its inability to scale, overlooking this weakness harms adoption and enterprise use cases for cryptocurrency.
Keeping the BSV environment secure and efficient is part of the routine for the Bitcoin SV Node implementation team. Steve Shadders noted in a January podcast that every piece of Bitcoin SV code goes through a process of error checking to ensure the BSV network does not get exposed to harm.
In this case, a comprehensive security audit, funded by CoinGeek, helped catch the vulnerabilities. Daniel Connolly, Bitcoin SV Node Lead Developer, commented:
“By organising this security audit (with funding by CoinGeek) and by sharing the results in a responsible and secure manner, the Bitcoin SV Node team, nChain and our partners at CoinGeek demonstrate our commitment to increase the quality of Bitcoin software and professionalise the engineering process.”
By finding the weaknesses, the team not only improved BSV, but also confidentially informed the BTC and BCHABC developers so these other competing Bitcoin implementation teams could also fix the same vulnerabilities in their code before the bug discovery was made public. That best practices approach and benevolence are further proof of BSV’s aim to be a more grown up and professional cryptocurrency and blockchain.
The Bitcoin Association’s Founding President Jimmy Nguyen remarked, “The results and improvements exemplify how the Bitcoin SV Node team is taking steps to prepare Bitcoin SV to have the reliability needed to become the world’s new money and the global enterprise blockchain. It also demonstrates that Bitcoin SV is now leading the Bitcoin industry, even helping other projects that deviated from the Satoshi Vision for Bitcoin.”
Ten years removed from the Bitcoin genesis block, and Bitcoin is thriving in the form of Bitcoin SV (BSV), the only coin out there that realizes the potential of cryptocurrency as first conceived by Satoshi Nakamoto.
BSV is for miners looking for long-term profitability amid next year’s halving of the block reward, and subsequent halvings in the years to come. To stay profitable, Bitcoin has to continue scaling, allowing for larger and larger blocks to be mined.
Jimmy Nguyen, founding president of the bComm Association, has put it this way: “[W]e need much bigger blocks, to fit large numbers of increasingly diverse transactions – not just simple payments, but token, smart contract and a wide array of data transactions. BSV intends to massively scale to gigabyte size and one day, terabyte size blocks. BSV will be the world’s global public ledger, processing billions of transactions a day, and earning miners revenue for years to come.”
To maximize the benefits of mining BSV, miners are encouraged to be a part of the bComm Association. As the BSV community grows, with businesses including wallet providers such as CentBee and HandCash, and content monetization apps such as Keyport TV and Yours.org, members can stay up to date on industry players and remain in the know regarding all things BSV.
As part of the bComm Association, miners can network to optimize their business, connecting with platform developers according to their particular needs.
An added benefit to membership in the bComm Association is being automatically invited to its events, such as last November’s CoinGeek Week, which included a special Miners Day, featuring all the latest developments in the industry, such as the most efficient chips and rigs coming to the market.
In the latest edition of BSV Weekly, published by the bComm Association, Nguyen said that this year “will see a dedicated focus on scaling – working on the tools and improvements to support massive on-chain scaling.”
The association is also for investors, merchants, developers, and exchanges who recognize the future of money and commerce in blockchain, specifically BSV.