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.

Brad Kristensen: Scaling Test Network makes big blocks a reality

The massive blockchain scaling that’s happening on the Bitcoin SV (BSV) network doesn’t just happen; it takes a lot of work. To help guarantee it works well when changes come to the mainnet, the development team have the Scaling Test Network (STN). Brad Kristensen, Software Engineer at nChain, joined CoinGeek’s Becky Liggero on Developer Day at the recent CoinGeek Toronto 2019 scaling conference to explain the importance of the STN.

The STN isn’t just a sandbox for the Bitcoin SV Node Team to play in, it has important roles to play in the development of BSV. “The Scaling Test Network fourth compatible network for the SV node,” Kristensen said. “It’s important for the ecosystem because it helps the SV node developers get a direct feedback loop on what they’re working in. So they produce the next set of changes, they run it on the STN, the STN provides immediate feedback thanks to the large transaction volume and the large amount of blocks, as to whether they’re making the right move forwards, or in some cases, backwards.”

What’s coming next for the STN is some of the biggest innovations for the BSV blockchain, but as Kristensen told Liggero, he also hopes to see greater participating from the business world. “I would expect to see all of the big leaps forward that Bitcoin SV makes would happen first on the Scaling Test Network,” he said. “We’re hoping to get more businesses running on the Scaling Test Network, testing their applications, building their applications. It’s really supposed to be the onramp and playground for Bitcoin SV and the insight of to what’s coming to Mainnet.”

That’s not an impossible ask either. The STN was opened to businesses in April, and interested groups can get in touch with nChain to start trying out their own business use cases and applications to ensure they are ready for the next phase of the BSV blockchain.

As 2019 is the year of blockchain scaling, Liggero asked what role the STN play in achieving huge blocks. “We make sure it can happen,” Kristensen said simply.

Post-Quasar London BSV Meetup explores evolutions in Bitcoin SV

Following the success of the recent Quasar upgrade, scientists and researchers gathered in London for the London BSV Meetup.

The event, which aims to brief Bitcoin SV (BSV) developers on the latest research and development work on BSV, brings together some of the leading voices on Bitcoin SV, including keynote speakers Alex Mackay, Joe Dalais and Steve Shadders of nChain.

Alex Mackay, a researcher at nChain, presented on “Miner ID and the Future of Mining.” He told delegates that nChain already has a proof-of-concept for the Miner ID model, though this was not yet ready for public demonstration.

According to Mackay, Miner ID would become increasingly central, with users requiring some mechanism for identifying and interacting with miners.

“As we scale BSV and blocks get bigger, there will be a shift in the ratio of fees miners incur — from block rewards to transaction fees. Sometime in the future, mining subsidies will run out, and miners will have to support themselves through mining fees,” he explained. “Miners at the gatekeepers to some valuable blockchain data. We need to develop the tools so they can create more revenue streams from that data.”

Joe Dalais presented on Metanet identity, explaining: “When you have identity on-chain, you can interact a hell of a lot more with the rest of the globe – and businesses can interact with you…When you start attaching your identity to transactions, it becomes a lot more powerful.”

Giving the example of a product refund, Dalais said a sale receipt stored on-chain and linked to an individual identity would provide certainty for retailers over the legitimacy of returns.

While at the moment, retailers require physical receipts, or even the presentation of the purchasing credit or debit card, “in a Bitcoin world, all they need is your alias.”

Meanwhile, Steve Shadders, CTO at nChain, discussed the Quasar upgrade, which he said activated smoothly, with no reports of service degradation.

Shadders said the Quasar upgrade “represents a shift in the way bitcoin governance works,” moving more of the emphasis from developers to miners.

While he noted that the upgrade to a 2GB block size was four times the originally envisaged size, he suggested the block limit would allow essential flexibility for developers, and particularly for increasing storage capacity on the BSV blockchain, saying:

Bitcoin caps aren’t meant to be there at all, and if they are, they aren’t meant to be hit.

The July event follows on from previous meetups, designed to encourage developers to be more ambitious in their BSV projects, while informing of the latest upgrades to the BSV protocol.

To learn more about the exciting developments happening on BSV, as well as the benefits of massive blockchain scaling for miners, application developers and enterprises, attend the upcoming CoinGeek Conference, taking place in Seoul, South Korea, on October 1-2. Get your tickets now.

Squire enters into development agreement with nChain

VANCOUVER, British Columbia, Aug. 07, 2019 (GLOBE NEWSWIRE) — Squire Mining Ltd. (CSE:SQR | FWB:9SQ | OTCQB:SQRMF) (“Squire”) is pleased to announce it has entered into a continuous development and services agreement (the “Agreement”) with leading U.K. blockchain research and development firm nChain Limited (“nChain”) to collaborate and develop leading blockchain software solutions.

With the recent acquisition of custom cloud computing management and pooling software and source code (called “Taal Orchestrator”) announced on May 2, 2019, Squire plans to enhance this software solution in collaboration with nChain to create operational performance optimization, efficiencies and internal controls. Taal Orchestrator conducts and coordinates pools of cloud computing assets providing full visibility and transparency to end-users to track performance and perform other functions previously unavailable to industry participants.

Squire and Core Scientific will also work with nChain to develop the Bitcoin SV based blockchain supply management, distribution and public pooling solution (the “Distribution Platform”) announced on June 4, 2019. The Distribution Platform is a modular system encompassing:

• an e-commerce platform based on blockchain technology with an auditable ledger of actions
• unique digital tokens representing physical cloud computing assets providing an access and control framework with real-time tracking capability
• complete asset life cycle history
• enhanced software management and end-user interface

We are very excited to be working with Squire to develop next generation cloud computing software solutions,” said David Washburn, CEO of nChain. “Squire is at the forefront of the rapidly changing blockchain infrastructure landscape, and nChain looks forward to partnering with Squire as they obtain a leadership position in this space.

“nChain is very well known for thought leadership and innovative intellectual property in this space. We are very eager to get around the table with this group and start building leading technology that will not only benefit our operations but provide so much value to future enterprise clients entering the blockchain space,” Angela Holowaychuk, Interim CEO of Squire Mining.

About nChain Limited

nChain is a global leader in advisory, research, and development of open blockchain technologies. Established in 2015, the U.K.-based company is one of the most active developers of intellectual property and software in the blockchain space, with a focus on bringing to market enterprise-grade open blockchain solutions for global business.

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 Bitcoin SV

Bitcoin Satoshi Vision (BSV) is the only Bitcoin implementation that follows Bitcoin’s original design, protocol and vision, as expressed by its creator Satoshi Nakamoto. Squire supports the BSV roadmap as it is the only project that aims to enable massive blockchain scaling by significantly increasing the Bitcoin block size so blocks can fit much more transactions and data and thus generate more transaction fees for miners, and outlines for the crypto mining sector why massive blockchain scaling is important for the entire interrelated Bitcoin ecosystem. Dr. Craig S. Wright, who serves on Squire’s strategic advisory board, has been issued U.S. copyright registrations, as author under the pseudonym Satoshi Nakaomoto, for the original Bitcoin white paper and most of the original Bitcoin code. 

Are you ready for the 2nd virtual Bitcoin SV Hackathon?

The eagerly awaited second virtual Bitcoin SV Hackathon is edging ever closer. The event, which is sponsored by CoinGeek and run by nChain, takes place on August 17 and will bring together some of the world’s best developers as they collaborate to create the best applications on the BSV blockchain.

To participate, you have to complete and submit a simple web form on the Bitcoin Association website. Teams can participate in the event from any part of the world, with the entire hackathon taking place online.

Individuals and firms globally have been turning to blockchain technology rapidly in recent years as the technology continues to revolutionize many industries. This has led investors to seek the best blockchain startups, especially those built on the BSV blockchain. BSV is the most enterprise-friendly blockchain offering security, stability and scalability. With the recent Quasar protocol upgrade, BSV has cemented its position as the blockchain network of choice, with the block size cap increasing from 128MB to 2GB.

The Bitcoin SV Virtual Hackathon gives developers around the world the opportunity to not only test themselves against the best of the best, but also to land investors who can help them scale their applications for global use.

After the virtual hackathon, three finalists will be chosen and a representative from each will be flown to Seoul, South Korea, to present their application to investors during the CoinGeek conference on October 2. The overall winner will be determined by a panel of judges as well as the live audience.

In the inaugural Bitcoin SV Hackathon, UptimeSV was declared the winner, with the team walking away with 250 BSV. Developed by an Australian team, it provides uptime monitoring and distributed performance for its clients, ensuring them of robust, DDoS-hardened enterprise systems. UptimeSV allows any BSV user to install an application and earn BSV for participating in uptime test for the clients.

In second place was TonicPow, a P2P advertising platform that enables its users to monetize their sites and earn BSV directly from advertisers. It won 100 BSV. Polyglot, which emerged third and won 50 BSV, enables developers to interact with Metanet protocols through Python, enabling even new developers to build on the BSV blockchain.

Register for the 2nd Bitcoin SV virtual hackathon here.

Are you ready for the 2nd virtual Bitcoin SV Hackathon?

The eagerly awaited second virtual Bitcoin SV Hackathon is edging ever closer. The event, which is sponsored by CoinGeek and run by nChain, takes place on August 17 and will bring together some of the world’s best developers as they collaborate to create the best applications on the BSV blockchain.

To participate, you have to complete and submit a simple web form on the Bitcoin Association website. Teams can participate in the event from any part of the world, with the entire hackathon taking place online.

Individuals and firms globally have been turning to blockchain technology rapidly in recent years as the technology continues to revolutionize many industries. This has led investors to seek the best blockchain startups, especially those built on the BSV blockchain. BSV is the most enterprise-friendly blockchain offering security, stability and scalability. With the recent Quasar protocol upgrade, BSV has cemented its position as the blockchain network of choice, with the block size cap increasing from 128MB to 2GB.

The Bitcoin SV Virtual Hackathon gives developers around the world the opportunity to not only test themselves against the best of the best, but also to land investors who can help them scale their applications for global use.

After the virtual hackathon, three finalists will be chosen and a representative from each will be flown to Seoul, South Korea, to present their application to investors during the CoinGeek conference on October 2. The overall winner will be determined by a panel of judges as well as the live audience.

In the inaugural Bitcoin SV Hackathon, UptimeSV was declared the winner, with the team walking away with 250 BSV. Developed by an Australian team, it provides uptime monitoring and distributed performance for its clients, ensuring them of robust, DDoS-hardened enterprise systems. UptimeSV allows any BSV user to install an application and earn BSV for participating in uptime test for the clients.

In second place was TonicPow, a P2P advertising platform that enables its users to monetize their sites and earn BSV directly from advertisers. It won 100 BSV. Polyglot, which emerged third and won 50 BSV, enables developers to interact with Metanet protocols through Python, enabling even new developers to build on the BSV blockchain.

Register for the 2nd Bitcoin SV virtual hackathon here.

CoinGeek Seoul brings popular Blockchain Conference back to Asia October 1-2

Click here to read in Korean.

Noted Speakers to Include Dr. Craig Wright, Jimmy Nguyen and more

Seoul, Korea – August 2, 2019 – Popular blockchain event CoinGeek is coming to Seoul for a two-day happening at Le Meridien Hotel, a noted property in the heart of Seoul’s upscale Gangnam District on October 1-2. The event will feature discussions on the power of blockchain scaling, what enterprise applications can be built on a massively scaled Bitcoin blockchain, the advantages of a public blockchain over private distributed ledgers, and how government regulation is impacting the space.

Professionals from leading blockchain start-ups, global enterprises, crypto mining groups, investors, and others are coming to learn about exciting developments for Bitcoin SV (BSV), as well as the benefits of massive blockchain scaling for miners, application developers, and enterprises.  

To kick off this two-day event, October 1 will feature technical topics about how BSV’s massively-scaled blockchain unlocks technical capabilities and applications not possible on other platforms. On October 2, experts in the industry will showcase how the BSV blockchain can drastically improve the way enterprises do business and create a new digital economy. Attendees will also witness presentations from the three finalists of Bitcoin Association’s 2nd Hackathon; get treated to another intimate conversation with nChain Chief Scientist and creator of Bitcoin Dr. Craig S. Wright (Satoshi Nakamoto) about Bitcoin’s history; and have a blast at another legendary CoinGeek after-party!

Notable speakers include host Bitcoin Association President Jimmy Nguyen, nChain Chief Technology Officer Steve Shadders, and many more to be announced.

The CoinGeek Seoul conference, October 2019, is the latest instalment of CoinGeek’s headline events. Following on from CoinGeek Toronto last May, CoinGeek Week in London November 2018, and the inaugural CoinGeek Conference in May 2018 in Hong Kong, CoinGeek are leading the way in galvanizing the world’s merchants and enterprises to adopt Bitcoin SV (BSV). Bitcoin SV is the only project dedicated to the original design, protocol and “Satoshi Vision” of Bitcoin’s creator Satoshi Nakamoto. 

While the CoinGeek conference is focused on Bitcoin SV, its inclusive environment welcomes speakers and attendees who also work with other blockchain projects, and welcomes all attendees interested in learning about BSV.

With objectives to educate on the importance of massive scaling on the BSV blockchain – such as the benefits of larger block size for enterprise usage and to sustain miner profitability; to promote the value of BSV and why merchants should seek to adopt this new world electronic cash system; and to promote the benefits of BSV’s blockchain for technology developers, the event will feature world-class Bitcoin and blockchain experts as speakers.


For more information please see www.coingeekconference.com. For press needs in the Western Hemisphere, please contact Susan von Seggern on [email protected], or +1-213-840-0077, or on Telegram Susan VonSeggern. For the Eastern Hemisphere please contact Ed Pownall on [email protected] or +44-7825-064776.

Steve Shadders: Bitcoin development approaching exponential payoff

The continued development of Bitcoin SV (BSV) sits largely on the shoulders of brilliant men like Steve Shadders, chief technology officer at nChain, and his team. CoinGeek’s Becky Liggero caught up with him on Developer’s Day at the recent CoinGeek Toronto 2019 scaling conference, and they talked about the effort that has gone into BSV and what’s coming next.

Developer’s Day was a great opportunity for the world to learn what’s coming down the pipe from all sorts of businesses, but also for the one’s doing the work to feel in their element. “Well today is actually really exciting for us as developers because it’s the time when we can just talk as technical as we want. We can really nerd out,” Shadders said. “But it’s important, I think, for developers to keep their focus on user experience. And in fact, we have a whole section of the day devoted to that.”

As the infrastructure of Bitcoin gets back to the vision it was originally intended to have, there’s been a new focus on a more user friendly experience. “It’s important to make things easy for people so that they’ve got a friction free path into Bitcoin,” Shadders told Liggero. “And that includes developers as well. Our recent hackathon, the twist of the theme was take the onboarding problem for users, but also apply it to developers as well.”

All the same, 2019 continues to be the year where Bitcoin scales the blockchain massively, and that’s been Shadder’s focus. “There’s a whole lot of work sort of behind the scenes to do with scaling, which I won’t get into the technical detail of that because it’s pages and pages,” he said. “Really exciting stuff increasing our capacity.”

He concluded by telling Liggero how close the BSV community is to seeing incredible changes thanks to massive scaling, something that’s already being proven since the Quasar protocol update was pushed out:

“You know, we’ve got incremental changes, but the thing with development life, it’s sort of an exponential payoff. You lay a lot of groundwork and then you reach a point where you start reaping the rewards over and over and over again. And we’re at that pointy end of the curve right now so it’s fantastic. The new mechanism of block propagation really solves one of the big problems of Bitcoin. There is no barrier to us now for scaling.”

London BSV Meetup inspires developers to be even more ambitious

The London BSV Meetup 2019 has inspired developers to push the boundaries even further with their BSV projects, after drawing together some of the leading developers in blockchain.

The June event saw a series of keynote presentations, including from scientists, senior researchers and software development personnel from the blockchain research firm nChain, on several key features and projects ongoing in the BSV ecosystem.

One of the presentations focused on Paymail, also known as the BSV alias protocol. Developed alongside Ryan X. Charles from MoneyButton, he described how the protocol allows neat peer-to-peer transactions by email.

In his presentation, nChain’s Andy set out the three key functions of Paymail, describing how it “unifies the application ecosystem behind a standard series of protocol extensions, defines how these extensions are presented, and enables federated systems to cooperate.”

Crucially, with Paymail, the domain owner is the ultimate trust authority on the protocol. The protocol has a number of envisaged use cases, including both consumer and commercial payments.

The presentation was followed up by a live coding session, in which nChain senior researcher Wei Zhang spoke about Elliptic Curve Digital Service Algorithm (ECDSA) and R-Puzzle.

Offering a unique insight into how these work in practical applications, Wei Zhang runs through a number of worked examples in the presentation, demonstrating the flexibility of developing for BSV.

nChain software development manager Carl Jackett presented a round-up of the most promising entries from the BSV hackathon, including the three finalists, UptimeSV, TonicPow and Polyglot.

UptimeSV is a distributed performance and uptime monitoring application. The app also allows anyone to earn BSV by participating in the uptime testing network. TonicPow is an advertising platform that allows advertisers and publishers to negotiate and earn directly in BSV.

Polyglot makes it easier to interact with Metanet protocols through python, aimed at smoothing the learning curve for new BSV developers.

Jackett went on to share some other interesting submissions, including Bitmav, an app for creating a digital legacy that can be recovered after a person has died, and Gate2Chain, a smart meter that allows real-time billing and supply control for utilities, both powered by BSV.

The event was set up to inspire developers to become more ambitious with their BSV projects, to take advantage of its capacity for low cost microtransactions and unique ability to handle scale. There will be a second virtual BSV hackathon, taking place on August 17. Applications are now open, and interested applicants can register here.

Osmin Callis: How nChain can promote global trade with Bitcoin SV

nChain is the London-based research powerhouse behind Bitcoin SV (BSV). Its mission is to “ignite global adoption and enterprise-level usage of Bitcoin.” To make that happen, nChain has set up a professional services unit to reach out to businesses and encourage them to design and implement blockchain projects, with Osmin Callis as its Business Development Manager.

While the company’s engineering team are responsible for developing the node software for BSV and the additional components that would allow businesses to connect to its blockchain, the research department develops nChain’s intellectual property portfolio—which is probably the largest in the world for open blockchain, Osmin says.

Then Osmin’s professional services team take the research output to work with businesses, commercialising the company’s intellectual property portfolio. “We have this treasure trove of ideas, of possible future applications,” Osmin says, “Things which are disruptive, which change the way we understand areas of technology that we take for granted today.”

When working with businesses, Osmin says, they have learnt to go easy on the tech discussions: “Experience has shown us that it’s of less value to talk about some of the more granular features of the technology in front of someone’s who’s responsible for making business decisions. It’s really about making sure the message fits the audience.”

Osmin says that nChain is in it for “the long game” and so while a meeting may not immediately result in a project, “Hopefully it’s contributed to the betterment of the ecosystem. If we’re too aggressive in trying to capture market share, it’s not necessarily to the benefit of all.”

One piece of conventional wisdom that nChain fights against it the idea that private blockchains are appropriate for enterprise while public blockchains are best for government or other entities. But “it’s really not as straightforward as that,” Osmin says. nChain believes BSV is always the best solution and the idea that enterprises can take “baby steps” by embarking on a private blockchain project may prove to be a waste of time and money. “In the long term, we know we’re all going to end up connecting on the same medium—the same blockchain.”

One advantage for a business of moving straight to the public blockchain is that if it wants to move from data to payments, then the currency aspect is already built into BSV, instead of having to be “bolted on” to a private blockchain.

In the immediate future, Osmin’s team is focussing on two sectors: financial services and online gaming—whether gambling or platform games. In financial services, “we’ve been getting a lot of interest from central banks” in Europe and West Africa. Some of these have “expressed a significant interest in the possibility of creating their own digital currency, using a base currency such as Bitcoin SV.” With a system utilising their own protocol on BSV, a bank would be able to control the money supply “in exactly the same way as they would do today.”

If this all goes according to plan, nChain will be contributing to fostering and promoting global trade. “The ramifications …are many and varied and I think it’s exciting because we have yet to discover what all of those things will be and what it’ll bring.”

Hear the full interview with Osmin Callis on this week’s CoinGeek Conversations podcast:

You can also watch the podcast video on YouTube.

Please subscribe to CoinGeek Conversations – this is episode 28 of a weekly podcast series. Just search for “CoinGeek Conversations” wherever you get your podcasts, subscribe on iTunes, listen on Spotify or visit the CoinGeek Conversations website.

It’s time for Bitcoin to grow up, CoinGeek Toronto 2019

Bitcoin may have just celebrated its tenth birthday, but the big push didn’t start until only a couple of years ago. As awareness and interest grow, the excitement turns to the realization that cryptocurrency is not just a toy – it’s a legitimate tool that will completely change the global financial ecosystem. In order for this to happen, though, in the words of Bitcoin Association President Jimmy Nguyen, “It’s time for Bitcoin to grow up.”

Nguyen led a discussion at CoinGeek Toronto 2019 with several individuals who understand well both the crypto and finance spaces. Centbee co-founder Angus Brown, nChain CEO David Washburn and co-founder and CEO of FRNT Financial Stephane Ouellette all joined Nguyen on stage to discuss how crypto is impacting the financial world and what changes are coming to make it even better. Before becoming involved with digital currency, all three were deep in the financial industry, so their goals with crypto transcend well beyond the typical crypto boundaries.

Bitcoin needs to be taken to a level that makes financial institutions and investors comfortable in supporting the ecosystem. Many are hesitant to embrace the technology for a myriad of reasons – old habits, resistance to the connotation of the term “crypto,” volatility and risk management, among others – and overcoming these hesitations are paramount to seeing Bitcoin prevail in the financial world.

FRNT is helping rewrite the script between crypto and finance by offering a platform that allows investors to take advantage of Bitcoin SV (BSV) derivative products. The platform was funded, in part, by Calvin Ayre and his Ayre Group and is changing how Bitcoin is viewed from a financial perspective. (5:03)

One area that could help tear down the barrier between crypto and finance is the introduction of regulations. The BSV community has made it clear, as opposed to most other crypto projects, that regulations are welcome. This is due to the acknowledgement that, for digital currency to work, it has to be regulated. It also stems from the fact that Bitcoin, as provided by Satoshi Nakamoto, was never meant to work outside of legal boundaries the way that many crypto projects have tried to assert.

In order to help facilitate the introduction of regulations, legislators and policymakers need to break down the Bitcoin infrastructure and address different components separately. Exchanges should be better regulated as a whole, especially in terms of crypto-to-fiat activities. Additionally, the introduction of whitelists or blacklists for token projects would help to make the Bitcoin space more mature.

Bitcoin has the capability to do something that no previous technology has ever been able to provide – true risk management and transparent audits. It can almost completely prevent financial fraud and revolutionize the accounting processes for financial audits, and this level of attention is only possible with BSV. While companies have attempted to tackle the processes through other blockchain projects, they have come to realize that those platforms are too slow. However, BSV’s large scalability makes it the perfect solution and it will become the go-to platform for many large businesses.

frnt-financial-secures-investment-from-calvin-ayre-builds-bitcoin-sv-derivative-products

FRNT Financial获得卡尔文·艾尔(Calvin Ayre)投资,着手打造比特币SV衍生产品

英文版在这里

FRNT Financial Inc(简称“FRNT”)是一家专注于提供机构服务、以法定货币结算的加密货币衍生品平台,其已同意接受企业家卡尔文·艾尔(Calvin Ayre)主导的融资轮中相关条款。投资人卡尔文·艾尔是艾尔集团(Ayre Group)CoinGeek的创始人,同时也是比特币SV(BSV)的主要支持者。FRNT提供一种独特的衍生产品类型,其将该等类型命名为综合风险敞口机制(Synthetic Exposure Mechanisms,简称“SEMs”)。

FRNT已创建了一个全新平台,一经推出,即可为想要参与加密市场活动,但仍需在传统法币系统结算的投资者提供最为多样化的衍生产品选择。在其系列产品中,FRNT将推出首款以法币结算的BSV衍生产品。

FRNT首席执行官斯特凡纳·奥莱特(Stéphane Ouellette)表示:“虽然BTC期货已在芝加哥商品交易所斩获成功,但针对机构投资者提供的并可通过法定货币进行结算的加密衍生品目前尚不存在。由于加密资产所适用的发行备忘录少之又少,加之加密资产的运营超出了大多数传统资产管理公司的运营范围,因此,这种阻力是大量投资资金目前仍持观望态度的原因之一。艾尔集团清晰地看到了我们平台所提供的重要经济机遇。此外,BSV社区对其协议保有坚定而充分的信心,并相信帮助FRNT这样的中立平台取得发展将为其带来多重效益,以便更多资深投资者能够针对各种货币表达出其消极或积极看法,为该领域带来更为高效、合理的定价。”

除BSV衍生品之外,FRNT的早期发展蓝图还计划在以法币结算的加密衍生品方面实现多项“首创”记录,其中包括:各类单币指数、综合指数产品、主题指数产品和价差指数产品。这些产品允许机构投资者以独特的方式对整个生态系统的低效性加以利用。平台将受到FRNT的“加密货币24小时(24-Hours In Crypto)”每日投资者票据带来的高价值销售额支持,该票据是业界备受好评的一款机构产品。

近日,FRNT首席执行官斯特凡纳·奥莱特在5月30日举行的CoinGeek多伦多会议上,与nChain首席执行官大卫·沃什本(David Washburn)以及Centbee首席执行官兼联合创始人安格斯·布朗(Angus Brown),共同探讨了如何将现有金融机构与加密货币进行融合的话题。经过一系列话题探讨,最终各方得出的结论是,对于机构金融服务中的现有链上使用案例,有必要进行大规模扩容(目前仅BSV可提供相关支持)。

CoinGeek创始人卡尔文·艾尔评论道:“比特币SV是唯一一个通过大规模扩容方式支持金融机构和全球大型企业实现其需求的区块链项目。FRNT Financial认可BSV金融产品打造力,因此我很高兴可以为FRNT Financial的成长提供支持。”

艾尔的投资构成DRIVE与比特币SV生态系统之间更广泛合作的一部分。除此之外,nChain作为区块链技术咨询、研究和开发领域的全球领导者,将为FRNT提供技术咨询服务并为其开放权限,允许其访问nChain庞大的知识产权组合。nChain与艾尔的CoinGeek共同作为比特币SV的两大关键支持者。

比特币协会(致力于推动比特币SV的全球商业生态系统)创始会长兼nChain战略咨询委员会主席吉米·阮(Jimmy Nguyen)表示:

“我们欢迎FRNT Financial加入比特币SV生态系统,这也进一步证明了比特币SV的大容量区块可为大型企业提供支持。FRNT Financial也很欣赏BSV所提供的监管友好型环境的价值观。BSV正在崛起,我们诚邀更多公司将其产品和应用程序构建在这个唯一可进行大规模扩容的区块链——比特币SV之上。”