Bitcoin Association sponsors Cambridge University Metanet Society to advance internet future on Bitcoin SV

Bitcoin Association announces its title sponsorship of the Cambridge University Metanet Society for the 2019-2020 academic year to support study and development of Bitcoin SV. The Society will use the financial support to conduct events that educate and promote the powerful capabilities of the BSV protocol, blockchain, and cryptocurrency.

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

Founded by Robin Kohze, a Cambridge genetics PhD student, the Cambridge University Metanet Society recognizes that the Bitcoin protocol has more to offer than just a decentralized cryptocurrency. The Society draws its name from the “Metanet” project designed by Dr. Craig S. Wright – Chief Scientist of nChain, the leading blockchain advisory, research and development firm with an office in London. The Metanet is a global protocol and framework for structuring and facilitating an Internet that operates on the Bitcoin blockchain. It combines Bitcoin’s dual capabilities to send financial payments and transmit data simultaneously in the same native transaction. The Metanet can create a better, more commercial Internet where all user activity and data has value to users. It is only possible on the Bitcoin SV blockchain, due to its massive scaling capability.

bitcoin-association-sponsors-cambridge-university-metanet-society-to-advance-internet-future-on-bitcoin-sv2

Kohze recently took 2nd place at Bitcoin’s Association’s second BSV Hackathon, with final judging at the CoinGeek Seoul conference in South Korea. His project “Hive” drew upon his genetics background; it creates a “beehive” that connects information added by individuals around the world. Every content node containing the information needs one or more linked nodes and for every link to a node, it has a dynamic cost. The users are notified when new content is added, and the information is fetched directly from the BSV blockchain. 

The Cambridge University Metanet Society advances study toward achieving Metanet projects on BSV. It hosts weekly meetups and programs on the Cambridge University campus for students and thought leaders to hear speakers, debates and tutorials.  

As President of the Cambridge University Metanet Society, Robin Kohze remarks: “Cambridge is traditionally a place to bring the bright and creative together to exploring daring ideas and challenge the status quo. We thank Bitcoin Association for its financial support, enabling us to host 22 events this academic year to teach and support a new generation of Bitcoin developers that focus on real world utility applications.”

The first event under the sponsorship will be the evening of October 17, with featured speakers Dr. Craig Wright and Jimmy Nguyen, President of Bitcoin Association.

Nguyen comments: “As Bitcoin’s true power is finally being unlocked on Bitcoin SV, we are thrilled to support bright, daring minds at Cambridge University learn how to build the Metanet.  Their work will contribute to a future Internet that truly rewards users for their data, creates monetary value in user online activity, and incentivizes higher quality content – all only possible on BSV.”

bitcoin-association-sponsors-cambridge-university-metanet-society-to-advance-internet-future-on-bitcoin-sv3

 

Register to attend the Metanet Society: The Bitcoin Vision event, organized by Cambridge University Metanet Society, here

BITCOIN ASSOCIATION СТАНОВИТСЯ СПОНСОРОМ CAMBRIDGE UNIVERSITY METANET SOCIETY ДЛЯ ПРОДВИЖЕНИЯ ИНТЕРНЕТА БУДУЩЕГО НА ОСНОВЕ BITCOIN SV

Bitcoin Association объявляет, что становится генеральным спонсором сообщества Metanet Society при Кембриджском университете на 2019-2020 академический год с целью поддержки изучения и развития Bitcoin SV. Metanet Society будет использовать данную финансовую поддержку для проведения мероприятий по продвижению и распространению информации о возможностях протокола BSV, блокчейна и криптовалюты.

Bitcoin Association — это глобальная отраслевая организация для биткоин-бизнеса. Ассоциация поддерживает Bitcoin Satoshi Vision BSV как единственную криптовалюту с блокчейном, который уже сейчас обеспечивает эффективное масштабирование, имеет многочисленные способы практического применения и нацелен на создание надежного и стабильного протокола для нужд разработчиков приложений корпоративного уровня. Кроме того, BSV — это единственный проект, который следует оригинальной концепции создателя Bitcoin Сатоши Накамото. Другими словами, BSV — это и есть биткоин.

Сообщество Cambridge University Metanet Society, основанное аспирантом факультета генетики Кембриджского университета Робином Козе (Robin Kohze), признает, что протокол Bitcoin может предложить намного больше, чем просто децентрализованную криптовалюту. Название сообщества содержит отсылку к проекту Metanet, который был создан д-ром Крейгом С. Райтом — главным научным сотрудником nChain. Это ведущая компания, занимающаяся консалтингом, исследованиями и разработкой в сфере блокчейн, офис которой находится в Лондоне. Metanet — это глобальный протокол и основа для структурирования и обеспечения функционирования интернета, работающего на основе блокчейна Bitcoin. Он сочетает двойную функциональность Bitcoin, которая позволяет одновременно с отправкой платежа осуществлять передачу данных в рамках той же платформенно-ориентированной транзакции. Metanet может создать улучшенную, более коммерчески-ориентированную версию интернета, в котором вся активность и все данные пользователей будут представлять для них реальную ценность. Реализация подобной идеи осуществима только на базе блокчейна Bitcoin SV, поскольку только он поддерживает массивное масштабирование.

Недавно Козе занял 2-е место на хакатоне Bitcoin Association BSV Hackathon, финальный этап которого прошел в рамках конференции CoinGeek Seoul в Южной Корее. Его проект Hive связан с генетикой и ставит целью создать цифровой «улей», который сможет объединять данные, предоставляемые людьми со всего мира. Каждый узел, хранящий данные, нуждается в одном или нескольких связанных с ним узлах, а каждая привязка имеет динамическую цену. Пользователи получают уведомления о добавлении нового контента, а информация берется непосредственно из блокчейна BSV.

Cambridge University Metanet Society продвигает исследования, направленные на реализацию проектов Metanet на основе BSV. Еженедельно в кампусе Кембриджского университета проводятся мероприятия и встречи, в ходе которых студенты и ученые могут слушать выступления докладчиков, а также принимать участие в оживленых дебатах и семинарах.

Робин Козе, президент Cambridge University Metanet Society, отметил, что «Кембридж традиционно является местом, где интеллектуальные и творческие личности встречаются для совместного изучения самых смелых идей и бросают вызов статус-кво. Мы благодарны Bitcoin Association за финансовую поддержку, которая позволит нам в этом академическом году провести 22 мероприятия для обучения и поддержки нового поколения биткоин-разработчиков, создающих приложения для практического применения в реальном мире».

Первое такое мероприятие состоится вечером 17 октября, и на нем выступят д-р Крейг Райт и Джимми Нгуен, президент Bitcoin Association.

Джимми Нгуен прокомментировал это так: «Истинный потенциал технологии Bitcoin наконец раскрывается благодаря Bitcoin SV, и мы очень рады оказывать поддержку ярким и смелым умам Кембриджского университета в освоении искусства построения сети Metanet. Они несомненно внесут свой вклад в создание будущего интернета, который будет вознаграждать пользователей за их данные и сделает пользовательскую активность по-настоящему ценной, стимулируя создание более качественного контента. И все это может быть реализовано только на основе блокчейна BSV».

비트코인 협회, 비트코인 SV를 기반으로 한 인터넷의 미래를 앞당기기 위해

캠브리지 대학교 메타넷 소사이어티 후원

비트코인 협회는 비트코인 SV의 연구 및 개발을 지원하기 위해 2019~2020학년도 캠브리지 대학교 메타넷 소사이어티에 대한 타이틀 후원을 발표합니다.  소사이어티는 재정 지원을 이용하여 BSV 프로토콜, 블록체인 및 암호화폐의 강력한 기능을 교육, 홍보하는 행사를 실시하게 됩니다.

비트코인 협회는 비트코인 기업을 위한 전 세계적인 산업 기구입니다.  (현재) 크게 확장할 수 있고, (현재) 강력한 유용성을 지닌 블록체인을 바탕으로 한 유일한 암호화폐로 비트코인 사토시 비전(BSV)을 지원하고 (현재) 개발자들이 엔터프라이즈급 응용 프로그램을 구축할 수 있는 명확한 프로토콜 개발에 헌신하고 있습니다.  또한, BSV는 비트코인 창조자 사토시 나카모토(Satoshi Nakamoto)의 원래 디자인을 그대로 따르는 유일한 프로젝트입니다. 간단히 말해 BSV이 비트코인인 셈입니다.

캠브리지 유전학 박사과정 학생인 로빈 코제(Robin Kohze)가 설립한 캠브리지 대학교 메타넷 소사이어티는 비트코인 프로토콜이 단지 탈중앙화된 암호화폐 이상의 것을 제공할 수 있다는 점을 인식하고 있습니다. 소사이어티는 런던에 사무소를 둔 주요 블록체인 자문, 연구 및 개발 회사 nChain의 수석 과학자 크레이그 라이트(Craig S. Wright) 박사가 고안한 “메타넷” 프로젝트에서 그 이름을 따왔습니다.   메타넷은 비트코인 블록체인을 기반으로 운영되는 인터넷을 구성, 촉진하기 위한 글로벌 프로토콜이자 프레임으로서, 동일한 속성을 가진 거래에서 동시에 금융 결제를 전송하고 데이터를 전송할 수 있는 비트코인의 이중 기능을 결합합니다.   메타넷은 모든 사용자 활동 및 데이터가 사용자에게 가치를 지니는 더 나은, 더 많은 상업 인터넷을 창출할 수 있습니다.  이는 대규모 확장 기능으로 인해 오직 비트코인 SV 블록체인에서만 가능합니다.

코제(Kohze)는 최근 비트코인 협회의 제2회 BSV 해커톤에서 2위를 차지했으며, 한국에서 개최되는 코인긱 서울 컨퍼런스에서 최종 결선을 앞두고 있습니다.  그의 프로젝트인 “하이브(Hive)”는 자신의 유전학적 배경에 기반한 것으로, 전 세계의 개인들이 추가한 정보를 연결하는 “벌집(beehive)”을 만들어냅니다. 정보가 있는 모든 콘텐츠 노드는 하나 이상의 연결된 노드가 필요하며, 노드에 대한 모든 링크의 경우, 동적 비용이 있습니다. 사용자는 언제 새 콘텐츠가 추가되는지, 그리고 언제 BSV 블록체인에서 직접 정보를 가져오는지에 대해 알림을 받습니다. 

캠브리지 대학교 메타넷 소사이어티는 BSV를 기반으로 한 메타넷 프로젝트를 달성하기 위한 연구를 추진하며, 학생들과 선구자적 이론가들을 위해 캠브리지 대학교 캠퍼스에서 주간 회의와 프로그램을 주최하여 강연, 토론 및 튜토리얼을 진행합니다.  

캠브리지 대학교 메타넷 소사이어티 대표인 로빈 코제(Robin Kohze)는 다음과 같이 이야기합니다. “캠브리지는 전통적으로 총명하고 창의적인 인재들을 과감한 아이디어로 인도하고 언제나 현재에 도전하는 장이었습니다.   재정 지원 결정을 내린 비트코인 협회에 감사드리며, 지원을 통해 이번 학년도 실제 세계의 유용성 응용 프로그램에 초점을 맞추는 새로운 세대의 비트코인 개발자들을 가르치고 지원하기 위한 22개 행사를 주최할 수 있게 되었습니다.”

후원을 받아 치러지는 첫 번째 행사는 10월 17일에 있을 예정이며, 크레이그 라이트(Craig Wright) 박사와 비트코인 협회 회장 지미 응우엔(Jimmy Nguyen)이 연사로 참여합니다.

응우엔(Nguyen)의 말: “비트코인의 진정한 힘은 결국 비트코인 SV에서 드러날 것이기에 캠브리지 대학교의 총명하고 과감한 학생들을 지원하여 메타넷 구축 방식을 배울 수 있다는 점이 실로 짜릿합니다.  그들의 작업은 데이터에 대해 사용자에게 진정으로 보상하고, 사용자 온라인 활동에서 금전적 가치를 창출하며, 더 높은 품질의 콘텐츠를 장려하는 미래의 인터넷에 기여하게 될 것이며, 이는 모두 BSV에서만 가능합니다.”

CoinGeek Seoul: China sees explosion of project development with BSV

Across the globe, there is a lot of development taking place on the Bitcoin SV (BSV) blockchain. The reasons are simple—BSV can offer a more robust solution at transaction prices that are only a fraction of those of any other blockchain, and because BSV is the true and original Bitcoin. As far as development goes, a lot of it is coming out of China and a presentation during the recent CoinGeek Seoul Conference shows exactly why this is happening.

CoinGeek Seoul: China sees explosion of project development with BSV

 

Wang Fuqiang, the co-founder and CEO of BitMesh, took the stage to talk about some of the exciting projects his company is working on. Among these are applications that are directly tied to Metanet, the future of the Internet, which is going to revolutionize how the world views digital data in ways never thought possible with conventional solutions.

Bitcoin SV and China - CGSeoul panel

For example, BitMesh has developed a way to use the BSV wallet to help create more secure and legitimate data delivery channels. From building a webpage to communicating through email, all forms of digital communication can be protected, as well as, in virtually all cases, monetized. With BitMesh, email spam and hacking become things of the past, allowing nothing more than clean conversations, the way email was originally intended.

BitMesh is also helping to change how applications can be developed for use on Metanet. MetaGlue was recently introduced to facilitate development on BSV that allows solutions to be introduced in days, not weeks or months, and which provide a mechanism for applications based on different computer language structures to interact with one another. There isn’t any other blockchain that can offer something even remotely similar.

Cityonchain.com was in Seoul for the conference, as well, with the company’s chief marketing officer, Ivy Dang, discussing how the platform is evolving. It just introduced version 2.0 and now has 9,000 cities listed, all with the ability to integrate solutions offered by the Money Button, WeatherSV and others.

CoinGeek Seoul: China sees explosion of project development with BSV

 

 

With conventional Internet applications, such as websites that require credentials to enter, that login action is typically stored in a separate area or controlled by a third party, depending on the website. However, BSV is making it possible for websites to authorize access directly on the blockchain, providing a more secure, efficient solution. This also facilitates secure solutions for RateSV, a company that is developing a platform to allow for the monetization of all Internet data. As the company’s co-founder, He Qiming, said during his CoinGeek Seoul presentation, the lack of a standard payment system is the downfall of the current Internet and RateSV is going to make it possible to monetize all data, prove data ownership and provide a mechanism that can authorize, or restrict, access to destinations on the web. This wouldn’t be possible if not for the power of the BSV blockchain.

Bitcoin SV and China - CGSeoul panel

There are many more projects coming and, as Lise Li of the Bitcoin Association indicated, some of these are “secret” for now until they’re ready to be released. Chinese developers are helping to shape the future of blockchain use because of a great amount of interest and the majority, as has been the case elsewhere, have turned to BSV as the most practical development platform.

Build Metanet applications with Metaglue

Developers who are considering building applications on the Bitcoin SV (BSV) blockchain now have an even easier way to achieve their goals. BitMesh has introduced a new solution for app construction, Metaglue, that is being heralded as the “world’s first Metanet app development platform.” The goal is to make BSV development as simple as possible in order to facilitate the blockchain’s advance in the Bitcoin ecosystem as a primary tool with flexible capabilities.

Metaglue provides a mechanism for the creation of Metanet applications and includes a wallet layer that gives developers the ability to construct their apps even without complete knowledge of how Metanet works or what it is.  BitMesh explains on its Metaglue webpage, “Metaglue allows developers build Metanet applications without having to build another wallet, which costs enormous amount of time and resource. Metanet allows users to store all their onchain data in a structured manner. Metaglue solution also allows developers to customize their payment button styles to ensure the button looks aligned with [overall] design language of the product.”

The solution incorporates a built-in mobile wallet that provides access to Metanet applications simply by scanning a QR code. It includes an API (application programming interface) that covers several functions, createMetaNode, createSiplePayment, getUserInfo and goLogin. There’s a second API that allows for events to be combining events into one and a third that provides an overview of user statuses – not logged in, log in authorization and logged in.

Metanet is an ambitious endeavor on the BSV blockchain that can only be described as the Internet on steroids, making use of a linked Metanet protocol. Jack Davies, a researcher with nChain, recently offered an explanation, which sums it up perfectly. He stated, “The Metanet protocol … is a tool that can allow the on-chain data used in these [Metanet] applications — and many more in the future — to be woven together. We thereby allow disparate on-chain data to be structured in ways that improve the functionality of the applications they are powering and help achieve the mission of allowing users to truly own their data on the Metanet.”

It is designed to enhance data sharing and accessibility and to provide better transparency of information that is presented. That information can be in the form of almost any type and, just like there are a number of solutions to easily create Internet-based platforms using conventional code, Metaglue is the first application-building application that will substantially help Metanet grow and become the new standard.

Using Bitcoin to save your valuable content: Bico.Media review

Bitcoin SV (BSV), through its unlimited blockchain scaling, is set to be the data ledger of the future. With larger block sizes and an increased OP_RETURN limit, BSV isn’t just the fastest and cheapest cryptocurrency in the world, it’s also a great way to permanently save the most valuable data to an immutable ledger. Bico.Media is a great way to leverage this capability, by quickly and easily writing files to the blockchain.

If you’re unfamiliar with how to use Bico.Media, the site provides all of its documentation up front. If you’re just trying to write a simple file to the blockchain, you can do so with add.bico.media. If you want to view your file on the blockchain, just visti bico.media/[TXID], where [TXID] is the transaction ID where your file can be located, helpfully provided after you’ve made your upload. If the file isn’t one that can natively be viewed in a browser, just add the file extension at the end, like .doc for example.

We tested the site using several files and ran into very few problems. Uploading pictures (both .jpegs and .pngs) and word documents was fast and only cost pennies using Money Button. Accessing them was equally fast, with the images presenting in the browser, and the word document downloading as any file would from the internet.

For more advanced Bitcoin and developmental users, bico.media offers a wide range of support for BSV protocols, like B://, C://, D://, JSON, Mustache, and more. With the right set of skills and code, users can and have created dynamics files, working with data stored to the BSV blockchain. One ambitious developer created a working version of Microsoft’s Windows XP on chain using bico.media.

Is this for everybody? Not really. Content creators who want to save their data and creations will find value in writing to the blockchain, and developers can create truly amazing things if they understand how. But this is not a service that appears ready for wider adoption. Even at the cost of pennies per picture, the ease of use and cost of traditional cloud services will still prove much more attractive and understandable to the non-tech savvy. As easy as bico.media is to use, the average consumer won’t want to be saving hundreds or thousands of TXIDs to then later access their content.

But if you’re a business owner, or a decision maker in a large enterprise, or a developer, this could have great value for you. Instead of using third party services to host your data, where it could go down at any time, uploading your company’s content, or your project, to the immutable BSV blockchain, where the distributed ledger guarantees it will always be available, could prove to be a killer service. You just need someone on the team who knows how to do it right.

The Metanet Blog: How domain naming and locating enable data ownership

In his latest blog post on the Metanet blog series, nChain researcher Jack Davies looked at the establishment of domain-like on-chain structures and how to assign real-world identity to them. Picking up from his last post which focused on the facilitation of a P2P value network on the Bitcoin SV network, Davies also discussed how, in combination with identity management platforms, the Metanet can enable ownership of data.

In previous blog post, Davies explained that nodes are transactions and edges are created by signatures, two of the concepts that allow a rich domain structure to emerge from Metanet graphs.

Davies also noted that it’s possible for a transaction to be Bitcoin-valid, but not Metanet-valid. Metanet validity requires a transaction to have the correct input signature, that is, a child node must have its input signed by the parent node.

However, should a bad actor intervene and attempt to create a child without the permission of the parent node, both the child node and the edge created will be deemed Metanet-invalid, despite being Bitcoin-valid.

This validity process is how the Metanet’s permissioning structure, which was covered in the previous blog post, manifests itself. Applying this simple rule set to each transaction enables us to “interpret and enforce the desired write-access controls for any node in a Metanet tree.”

Davies noted, “Herein lies the key innovation of the Metanet protocol. That the ability to create a Metanet-valid child of a node rests with the burden of being able to produce a signature on that child is precisely how the Metanet protocol achieves its permissioning hierarchy and, indeed, domain structure.”

It is important to note that the Metanet protocol doesn’t solve the identity problem. Its primary function is to merely allow structure and permissioning for on-chain data and utility. Combining this structured on-chain data with proper identity management is one of the fundamental pillars required “to realize the aims of users reclaiming sovereignty over their data.”

Already, a number of solutions have sprung up to solve the identity problem and more will launch in the near future. Some include Legally Chained and Money Button’s Paymail.

Having established domain-like on-chain structures and mapped real-world identity to them, we can then assign names to the Metanet nodes. A MetanetURL (MURL), though purely conceptual, can be used as a resource locator to find Metanet nodes. MURL is closely related to how the uniform resource locator (URL) is used to ‘traverse content resources on the existing web.’ And just like the URL, the MURL is made up of a protocol identifier, a domain, a path and a name. Davies concludes:

The key concept to take away from here is that we can construct resource locators for the Metanet that allow us to leverage the intrinsically efficient searchability of traversing DAG structures.

The Metanet protocol further allows a user to delegate write access to a particular branch or sub-tree which is part of the user’s Metanet graph structure. Simple as it sounds, its uses are many, including affording a user the ability to run a website where each page is outsourced to a particular content creator. This delegation also makes it possible to implement a social media Metanet graph for blockchain-based applications such as Twetch.

Polyglot founder talks making it easier to interact with Metanet

The Metanet protocol is poised to be the Internet of the future, one based on the massively scalable Bitcoin SV (BSV) network. And while its utility and benefits for its users are immense, it can be a little daunting for developers to build on. Polyglot is designed exactly for this purpose, striving to lower barriers to entry or everybody and make Metanet fun.

Polyglot emerged third in the inaugural Bitcoin SV Virtual Hackathon. In an interview with CoinGeek’s Becky Liggero during the CoinGeek Toronto Conference, the man behind the project touched on how he is just making his ‘own little contribution’ to the BSV ecosystem and why BSV is the only Bitcoin project worth building on. New Zealand-based Hayden Joshua Donnelly, a Python developer and an economist, described his project:

Basically we’re seeing a myriad of amazing protocols on top of Bitcoin, and that allows you to do all kinds of things like uploading files to blockchain, identity protocols, all these kinds of things. It’s a humble project (Polyglot), but basically all I’m trying to do is make it as easy as possible for entry level developers to start using this kind of stuff. So I contribute in my own small way.

With the Bitcoin Metanet protocols growing by the day, Polyglot provides developers the easiest way to interface with them. Endpoint management for HTML and web development, identity systems and data carriage are some of the many uses of Polyglot.

The BSV Hackathon is a virtual event, with the contestants being allowed to take part from any part of the world. For Hayden, the time difference – with him residing in New Zealand – proved quite a challenge. He had to begin working at 11 p.m. and went all the way to 3 a.m. After a short nap, he was at it again. He managed to pull it off, with the other contestants in the Hackathon lending a helping hand in the true spirit of Bitcoin.

Hayden became interested in Bitcoin in 2012, but he became hooked three years later after he developed an interest in economics. When he started coding, his interest grew even more as he was now able to grasp some of the finer details and appreciate the brilliance behind the Bitcoin ecosystem.

Bitcoin SV is going to change the world, he stated adding “Words can’t describe what this is going to do for the world.”

Dr. Craig Wright developing new solution for human rights and property

In his recent blog post, nChain Chief Scientist Dr. Craig Wright revealed that he and his team have been working for several years on solutions to the issue of property. They’ll be releasing several papers documenting the solutions to the challenges with the current state of the financial system, property and risk transfer.

The primary challenge facing the right to hold property is the volume of information people can now access about our lives. Privacy has become a thing of the past. The solution to this is the creation of tradable and secure property rights that have been abstracted from the individual and the use, Dr. Wright explained.

Giving the example of the property title of a house, Dr. Wright stated that his solution will allow you to separate the ownership, occupation and the use of any property. Just because you live in a house doesn’t mean people need to know that you own it.

Dr. Wright’s solution will involve dividing the ownership of the house into shares “that are tradable and that link over the blockchain to redeemable contracts that are encrypted and stored in a distributed manner across the Metanet.”

This solution will include a secure voting system and a revenue-distribution system. Should the house owner need to raise capital, he can sell the shares in his property on a tradable market. The purchaser of the shares would then retain the rights to dividends under the lease terms.

Additionally, the solution will enable a property owner to reduce the risk of owning a property. For instance, a property owner could exchange a percentage of the shares in their own homes or shares in other properties.

The system will be able to be scaled, and will be distributed. It will allow people in repressive countries to move funds, save capital, and invest for their future and the future of their children. Most importantly, those of us who live frugally and don’t want people to know what we have can invest and save without being ostracised and without having to worry about the property we own being taken from us.

The solution will bring about the core benefit of Bitcoin: freedom.

“Such a world involves ensuring that we have the right to save and control our futures without fearing predation. The right to a future without loss caused by theft. The right to live silently if we so choose. The right to invest and make a better world and not be held in contempt for doing so,” Dr. Wright explained.

How Metanet can facilitate a P2P value network on Bitcoin SV

In the continuing series “Edge Cases: The Metanet Blog,” nChain researcher Jack Davies broke down the nodes an edges that make up the Metanet DAG and how the Metanet protocol can be used to create on-chain DAG structures that can facilitate a peer-to-peer value network on Bitcoin SV.

Having previously explained what a directed acyclic graph (DAG) is and why the Metanet is a form of DAG, Davies delved into the Metanet nodes and their unique structure, as well as their unique identifiers. A Metanet node is a transaction that follows the rule set of the Metanet protocol.

For a transaction to qualify as a Metanet node, it must have at least one OP_RETURN output and an input signed by a parent node, denoted by SigP (parent). The node contains six elements, four of which are crucial. These are the address of the node, the version of a node, the address of the parent of the node and the version of the parent. The first two elements — denoted as P(node) and TxID(node) — are used to uniquely identify a node while the latter two — denoted as P(parent) and TxID(parent) are used to identify the parent of the node, if it has one.

The Metanet edges, on the other hand, are created by signatures. This means that to create an edge from a parent node to a child node, the latter must be signed using the key pair associated with its parent. In simpler terms, SigP (parent) must appear in the input of the child node.

The nodes and edges are crucial in the Metanet protocol, Davies explained.

The crucial aspect here is that the Metanet protocol leverages the input signatures and requires that they include signatures from the parent node to enforce permissioning structure on the Metanet graph. In other words, the ‘write access’ to write a new Metanet node to a tree requires creating a node edge, which in turn requires a signature.

Each node has a unique node identifier, derived from the address defining the node — denoted P(node) — and the unique transaction ID of the node — denoted TxID (node).

The Metanet’s permissioned structure extends to any graph structure that can be created with the Metanet protocol.

“In other words, what the rules of the protocol allow us to do is describe a consistent on-chain genealogy — the ability to describe, trace, and extend the flow of permissions throughout the graph as a kind of on-chain lineage.”

Davies also looked at the core properties of the Metanet DAG, the first of which is generality. The Metanet protocol doesn’t restrict a developer from building any specific type of structure. This gives it the ability to accommodate all the existing use cases as well as any unforeseen future applications.

The Metanet protocol also has a permissioning structure which leverages on the input signatures. Lastly, the Metanet protocol is designed to ensure high levels of efficiency. It distils everything into four core elements in each transaction, a minimalist approach that requires little overhead to implement without sacrificing any important functionality such as domain structure and version control.

As celebrated Bitcoin developer Unwriter noted on a blog post, “Bitcoin is the most efficient data storage protocol, and Metanet is the most efficient data structure protocol which sits on top of it.”

Bitcoin’s capacity to make the world better

The recent recommendation in the Ira vs Craig case, rewarding half the Bitcoin to Ira, stood firmly on the basis that the judge believed Craig had tampered with documents. Wright’s team claimed that some documents were hacked and maliciously modified.

One of the difficulties of this trial is the sheer volume of data. On one hand, when one team is asked to hand everything over, you hand everything you have over. You don’t go through every document and analyse for tamperings – there’s no time for that. Nonetheless, the judge deems that if you provide documents, the onus is on you to ensure the veracity of the contents. This is a valid position.

The ultimate truth of the forged documents may never really be known. All we can do in our current system is have a judge or jury rule on what they perceive to be the truth. Much of what is in law is (particularly in the absence of hard evidence) often subjective. It is on what we are inclined to reasonably believe or reasonably reject. Cases that are in the absence of hard evidence often introduce incredibly polarizing opinions. Take for example the recent case against Cardinal Pell who is now a convicted pedophile. This case was based on the testimony of one person (the victim). The judge and jury in that case found that the victim’s account was “believable”, and this was sufficient to lock the cardinal up. The lack of hard evidence provided an outlet for public divide on the matter, with notable Catholics and commentators doubting the judgement. The jury in that case conclusively decided that Pell was guilty.

Wright’s team claimed the doctored documents were a result of a hack, but they did not produce hard evidence to back up this claim.

Hard evidence is hard to come by. This is an unfortunate aspect of many trials. It is for the judge and jury to determine who is right and who is wrong, and to rule accordingly. I like to believe they usually get it right. Sometimes they get it wrong.

Interestingly, a new Northwestern University study found that one in eight juries are making the wrong decision – by convicting an innocent or acquitting the guilty.

The point of this piece isn’t to say whether Craig did, or did not. Not at all. And it’s not to dilute a judgement, and it’s not to question the veracity of the law. It is to bring to light, an ever-present problem within the system, that by the account of many studies, exists.

So I present the question: How different would this discovery process had been if Bitcoin SV’s MetaNet had been around for the last two decades (presuming technology was there).

The metanet world will be vastly different to today’s world. It will be a world where countless devices all around the world are hooked up to the blockchain, autonomously feeding and giving data. Where all future food deliveries are managed on-chain, and where vertical farms make their supply orders automatically. Robots will drive major ecosystems. Such changes are already happening… just think about lights-out factories. Human responsibilities are moving towards creating, building and automating. The every day routine jobs, are quickly becoming a thing of the past. And much of that change is irrespective of the blockchain. But when all these devices interact on chain, you have a single truth system, where every entity owns its own data.

One of the key take-aways of the Metanet is that everything that is of value is recorded on-chain. When records, workflows and movements are recorded immutably on-chain with time-stamped precision you have a very different set of proceedings in court.

First let’s go to the question where the judge asked if Craig wrote the Bitcoin whitepaper, to which Craig and the Plaintiff agreed Craig is the author. However, in a metanet world, Craig would have had the associated key, and would be able to prove with significant weight that he did so.

But more importantly, questions regarding the legitimacy of documents would effectively be practically non-existent. In a metanet economy, where data has direct value, not only would hackers be dis-incentivized from modifying a record (since the original will always exist on-chain), but even if they tried, the original could easily be recalled and used with potent effect, dismissing the fraudulent document.

Bitcoin SV is building an honest system. A system of traceability and accountability. Whether Craig did or didn’t, the truth would be concrete in a metanet world. 

Encrypted key frames from CCTV could record the presence or absence of an individual in a specific place to acquit or convict them. Encrypted crime-scene photos could be uploaded the very moment they are taken on a tablet and uploaded, making tampering of original evidence near impossible. This world is being built right under our noses, and there are a number of applications being built already that are offering this sort of transparency. Here’s a very recent one called Tape Recorder: LINK – which uses an interesting method to record script attestations, promoting transparency.

Not only does the metanet help in providing an ultimate truth to a dispute, it also goes quite someway to discourage would-be hackers and criminals. Accountability indeed reshapes people’s behaviour for the better. However, your privacy continues to remain your privacy, as you choose to encrypt your data. All this data then, lives not on Facebook’s servers, not on Google’s servers, and certainly not on Apple’s servers, but on the blockchain that remains decentralized, and where only you have the key to unlock YOUR DATA.

The metanet world is a better world. Bitcoin SV is building this world.

Eli Afram
@justicemate

Jack Davies blog series delves into finer details of Metanet

The Metanet concept was first introduced by nChain Chief Scientist Dr. Craig Wright less than a year ago. Speaking at the CoinGeek Week Conference, Dr. Wright unveiled the concept as a vision for new paradigms for the Internet and data sharing.

The Metanet protocol is defined by inventor Dr. Craig Wright in concept as a ‘value network,’ which would relegate the Internet to a sidechain of a more comprehensive Bitcoin blockchain.

“The Internet becomes a sidechain to the Bitcoin blockchain. The Metanet is a value network — the entire global system of online activity and data connected commercially.”

Now, nChain researcher Jack Davies has taken this a step further, in a new blog series designed specifically to raise awareness and understanding of the Metanet in concept, and the Metanet protocol which supports its development.

In part one of the Metanet blog series, published on Medium, Davies wrote: “The Metanet represents a complete and utter redefinition of the paradigms that pervade the existing Internet infrastructure — particularly with respect to human interactions and the value we ascribe to them.”

Davies said that the Metanet helps address a fundamental problem with the Internet — that high quality data cannot be available free of charge.

He argues that information comes at a cost, and that these costs cannot be accurately met by the current structures of the Internet and data sharing, and that information quality benefits when true value is ascribed to the information.

“The broad solution, therefore, is an internet-like platform that puts the value of data at the centre of everything,” Davies wrote. “When it is expensive to deploy thousands of bots to spread falsehoods, when the mere act of reading an article requires a cost barrier, we are forced to think: how much do I value this data as information?”

He added, “It is here where the issues we face with the current Internet begin to fall away. By incorporating financial costs — however small — into our online behaviour, we are asked to express how much we truly value information with our wallets. Here lies one of the central goals that the Metanet, running natively on top of Bitcoin SV, can achieve.”

The series of blog posts is expected to cover the concept in overview, as well as specifics in relation to the Metanet protocol, with a view to raising awareness amongst BSV developers towards the end goal of a more valuable global data sharing infrastructure, powered by the technological superiority, and particularly the mass scalability, of BSV.