UNISOT: Building on Bitcoin SV

Bitcoin SV (BSV) has proven to be the enterprise blockchain of choice, with more businesses building on the massively scalable network. UNISOT is one of the most revolutionary platforms on the BSV network and is poised to change the core of global supply chains. The Norwegian enterprise blockchain service provider offers its users immutable audit trails, security and privacy that other enterprise resource planning (ERP) systems can’t.

While there are plenty of blockchain platforms available in the market, UNISOT selected Bitcoin SV, the most secure, cost efficient and scalable blockchain. BSV’s massive on-chain scaling supports high transaction throughput, with the Quasar protocol upgrade raising the block size hard cap to 2GB. This is crucial for UNISOT, especially since it targets the supply chain industry which handles a very high number of transactions globally.

Bitcoin SV also offers the most cost-efficient blockchain network, with the fees standing below $0.02 per transaction. This allows applications built on the BSV blockchain to facilitate micropayments for their users. Today, over $4 trillion is locked up and inactive at any given time in the global supply chains. This denies the participants the much-needed liquidity to conduct their activities. UNISOT relies on the low cost transactions enabled by Bitcoin SV to facilitate microtransactions on its platform.

UNISOT users also get to benefit from the token and smart contract protocol supported by BSV. The protocol supports over 45 asset types, from ERC20 tokens to shares and bonds, asset backed securities to futures. Moreover, unlike other smart contract networks, Bitcoin SV smart contracts are massively scalable. This is because each contract is executed by its own virtual machine. The execution of Bitcoin SV smart contracts doesn’t require GAS, instead relying on the normally low transactions fees.

Bitcoin SV’s scripting language is Turing complete or computationally universal. This means that it can solve any problem that a Turing machine can. This makes it possible for UNISOT’s platform to execute any algorithm.

And while the other Bitcoin projects have been corrupted or stalled by their developers, Bitcoin SV has worked towards restoring the original Bitcoin protocol as set out by Satoshi Nakamoto. This makes it more stable than any other blockchain platform in the market.

UNISOT is just one of the many enterprises that are building their applications on the Bitcoin SV network. These businesses and many more will all be attending the CoinGeek Seoul Conference come October 1 where the attendants get to learn how they can enhance BSV’s massive scaling, speed and low transaction fees to stay ahead of their competitors.

Grab your tickets now, and get 20% off the CoinGeek Seoul conference tickets when buying with BSV, plus conference attendees can also take advantage of exclusive discount to the Le Meridien Seoul. Check out this link, select “Group code” at the Special Rates tab and simply type the promo code RE1RE1A to receive the hotel discount.

Businesses should attend CoinGeek Seoul conference — here’s why

Click here to read in Korean.

Throughout history, new technology has infiltrated business operations and transformed how even the simplest of tasks are performed. Businesses that have been quick to adapt to these changes have flourished. Those that haven’t have run out of business. With it superior features, Bitcoin SV has evolved to become the best global enterprise blockchain platform. And come October 1, all businesses should attend the CoinGeek Seoul conference and learn how Bitcoin SV (BSV) can transform their operations.

With any business, one of the most crucial factors is the cost of doing business. Businesses that thrive are those that maximize output while minimizing the overheads. Bitcoin SV enables business owners to lower the cost of doing business by offering them a seamless, cheap and efficient platform to move money as well as conduct operations—yet another reason why businesses should attend the upcoming CoinGeek Seoul conference on October 1-2. Transactions on the BSV blockchain charge less than one cent, much lower than any other competing project, blockchain and beyond.

Automation has also become a big differentiator between businesses that are able to scale and those that aren’t. Bitcoin SV enables the creation of smart contracts which trigger specific events after predetermined conditions are met. From making payments to suppliers to paying insurance claims, the Bitcoin SV blockchain powers them all.

Bitcoin SV has also set itself apart by being the most scalable blockchain in the industry. While some competing Bitcoin projects are stuck on 1MB block size hard cap which makes them extremely slow, Bitcoin SV recently underwent the Quasar protocol upgrade which increased the block size hard cap to 2GB. This enables it to offer its users unprecedented scalability, with over 1,000 transactions per second.

To learn about how businesses can harness the transformational power of Bitcoin SV, all businesses should attend CoinGeek Seoul. The event will bring together some of the most brilliant minds of our time, from Bitcoin creator Dr. Craig S. Wright to Bitcoin Association Founding President Jimmy Nguyen. Business owners will get to learn how Bitcoin SV’s scalability can give them an edge over their competition.

To learn more how the exciting developments for Bitcoin SV, as well as the benefits of massive on-chain scaling for miners, developers, and especially businesses, attend the CoinGeek Seoul conference.

How blockchain can increase transaction throughput

Blockchain technology has revolutionized many industries, from supply chain management to logistics and insurance. The possibilities are limitless with blockchain and this has seen many global tech giants invest in the technology. Bitcoin SV (BSV) has continued to be the trailblazer and by far the best enterprise blockchain, setting an example of how blockchain can increase transaction throughput beyond legacy technology systems.

Blockchain technology has quickly evolved, and, with it, the transactional speed has greatly improved, overtaking most legacy systems. While some blockchain platforms have continued to lag in outdated technology, BSV has improved on the transactional speed with constant upgrades. The most recent is the Quasar protocol upgrade which lifted the block size hard cap from 128MB to 2GB. This enabled the BSV blockchain to process 1,000+ transactions per second.

In comparison, legacy technology systems such as Visa, Mastercard, and Paypal have continued to lag behind BSV. PayPal, for instance, can only process 193 transactions per second. Other blockchain platforms have also failed to scale and meet user demands as BSV has done. SegWitCoin (BTC) only processes 7 transactions per second, while Ethereum, at 20 transactions per second, doesn’t do much better.

Bitcoin SV also has the lowest fees in the blockchain ecosystem and beyond. With PayPal, merchants are charged 2.9% of the payment amount while with Visa charges 1.51% interchange fee for consumer credit cards. In comparison, a Bitcoin SV transaction costs less than 1 cent. 

Bitcoin SV has managed to cement its position as the best enterprise blockchain platform by continuing to scale to meet consumer demand, proving that blockchain can increase transaction throughput. In addition to the recent Quasar protocol upgrade, Bitcoin SV is set to undergo the Genesis upgrade in February 2020 which will eliminate the block size altogether. 

And come October 1, the blockchain world will congregate in Seoul for the eagerly-anticipated CoinGeek Seoul conference. During the two-day event, the attendees get to learn about how blockchain can increase transaction throughput, reduce costs for enterprises, improve security, and much more. nChain chief scientists and the creator of Bitcoin Dr. Craig S. Wright headlines the list of distinguished speakers that also includes the Bitcoin Association President Jimmy Nguyen and nChain Chief Technology Officer Steve Shadders. Get your tickets today for this event that you can’t afford to miss.

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.

Steve Shadders: Bitcoin SV proving it can scale for businesses now

Bitcoin SV’s (BSV) recent Quasar upgrade is cause for much celebration, as it not only helped return Bitcoin one step closer to its original protocol, but also introduced a whole new level of blockchain scaling to BSV. CoinGeek’s Sarah Parsons caught up with nChain Technical Director Steve Shadders at a recent London BSV meetup, where they talked about the upgrade and its importance.

The London BSV gathering was a merry one, as the Quasar upgrade went as well as you could hope for. “We’re kind of giving a bit of a post-mortem of the Quasar upgrade, I think I can safely say that it was a very boring event, which is fantastic because with enterprise software changes, that’s kind of exactly what you want,” Shadders said. “I mean, we had an operations stream set up and we had contact with all of the kind of key players in the Bitcoin SV ecosystem. But we pretty much sat there and watched the upgrade activate. We fired Satoshi Shotgun and mined a block bigger than 128MB, which was necessary to lock the upgrade in. And it all went pretty smoothly, nothing unexpected. So yeah, job done.”

Parsons asked Shadders what businesses should take away from the Quasar upgrade. “I think it’s really quite critical for businesses that are looking to invest time and money in building a service on top of Bitcoin SV, Shadders replied. “Because most services, I mean, if you’re building a business, the aim is to scale. You want your business to start at whatever size it does, and it gets bigger and bigger, and bigger, and bigger. And of course, if your business is related to Bitcoin that means it’s got to be able to scale on top of Bitcoin.”

While other crypto hobby projects have promised that their blockchains will be ready at some point in the future, Shadders explained that such a thought process just won’t cut it for the real Bitcoin. “Now, I think, our philosophy at the Bitcoin SV Node team is that it’s not good enough for us to say to people, ‘Oh, by the time your business has scaled, we’ll be ready. Trust us,’” he said. “What we’re actually doing with the Quasar upgrade is demonstrating right now, that we can handle the future scale of whatever your business is. So you’ve got the confidence, not hoping that we’ll be able to pull it off some time in the future, we’re showing that it can be done right now.”

Crypto media creates fake news after Quasar upgrade

Bitcoin SV (BSV) recently underwent the Quasar protocol upgrade, lifting the block size hard cap from 128 MB to 2 GB. The upgrade enables BSV to increase the number of transactions processed per second from the current 300+ to 1,000+, making it the only Bitcoin project that unlocks the true power of Bitcoin’s original design, proving that it’s not a hobbyist project.

And as would be expected of any protocol upgrade in the Bitcoin ecosystem, there were a few minor set-backs and opportunities to improve; however, a few media outlets and research firms blew this out of proportion, reporting that there was a temporary fork of the blockchain into three chains.

According to one media outlet, over 35% of nodes failed to follow the update and this was portrayed as a monstrosity. It further claimed that this was the result of miner centralization in the BSV ecosystem, with small miners were just acting as pawns, standing no chance of making a profit.

One of the most misquoted and misunderstood events was with Money Button. The wallet went down for a few hours after its BSV node ran out of memory and crashed during a stress test. The Money Button team quickly upgraded their underpowered node to be sufficient for the largest block sizes that are currently possible.

Some media outlets quoted Money Button’s blog post in which it stated, “Since we do not earn money from transaction fees like miners, it will be too expensive for us to run a node.”

While this is true, the Money Button team went ahead to explain that wallets don’t need to run a node. Instead of entering an arms race in upgrading infrastructure, the wallets are best served by moving towards the Simplified Payment Verification (SPV) as Dr. Craig Wright envisioned when he launched Bitcoin a decade ago. This was conveniently omitted from these reports.

BSV has also been criticized for being ambitious and futuristic enough to increase the block size hard cap. According to some, these “unrealistic” block sizes will prove to be an attack vector, effectively making BSV less secure. What’s more, there have been claims that current hardware is unable to handle such volumes.

These claims have been proven false. As is publicly available on the BSV website, the recommended system requirements for BSV miners prove that mid-range hardware can sufficiently participate in BSV mining.

On July 24 when the Quasar protocol upgrade occurred, BSV functioned exactly as Satoshi Nakamoto envisioned. A majority of the miners were running one of the Quasar update compatible versions. For the miners, the upgrade was a godsend since it gave them more responsibility over Bitcoin and enabled them to earn more from transaction fees than they have previously. After the upgrade, the non-consensus chain was mined for a short time until the miners on that chain were economically incentivized to join the consensus chain. After all, this is how Satoshi intended for Bitcoin to function.

There have been calls for Bitcoin to scale for years now. Ironically, when BSV found the solution through the Quasar protocol upgrade, some media outlets were quick to criticize. The little mishaps as happened with Money Button aren’t something to criticize but rather to learn from. In any case, in the past, we’ve seen plenty of global businesses experience hitches in scaling. Amazon is the best example, with the global e-commerce giant being known to experience technical difficulties on days such as Black Friday. However, no one ever calls Amazon out and asks them to stop selling so much. Similarly, BSV will continue to scale and fulfill Satoshi’s vision of a global secure and scalable peer-to-peer payments system.

Bitcoin SV handles 2 million transactions in massive stress test

With the recent historic Quasar protocol upgrade, which saw Bitcoin SV’s (BSV) maximum block size increased to 2GB, Operation Data Blast immediately proved that the upgrade was successful, creating world record block sizes from transactions full of content data. Just recently, Chinese BSV supporter Aaron Zhou wanted to test the blockchain’s ability to handle as many transactions as possible.

As he reveals in his blog post, “Bitcoin SV main network stress test report @ 2019-08-03,” Zhou felt a stress test for a massive amount of transactions was necessary. During the test, which lasted for more than two hours, he broadcast more than 2 million transactions, creating a blocks of 808,000 transactions with a size of 210MB and another of 702,000 transactions, with size 183MB. All told, this resulted in transaction fees of over 2 BSV for each of the mentioned block.

 The BSV blockchain performed admirably, with no blocks orphaned, and no block reorganizations being needed. However, it did show that the stress of that many transactions could cause temporary outages with some blockchain and wallet services.

For example, Zhou noted that Blockchair, Money Button, WhatsOnChain, BitcoinBlocks.live and Bchsvexplorer all had temporary setbacks during the stress test. While this could be due to the same node memory issues that service providers have has experienced in the past, it’s also possible that their website and database services, totally unrelated to the blockchain or their nodes, couldn’t keep up with the speed and load of updates created by the blockchain.

Zhou made sure to commend BSV.BTC.com, Bitfire.io, Mempool, and Unwriter’s applications, which all worked perfectly during the stress test

Zhou’s conclusions were such:

Quasar is an important network upgrade, and BSV is on the road to dealing with massive transactions and continued expansion.

1. Large block propagation and verification, normal
2. Massive transaction dissemination and verification, normal

But you can do better. It is noted that the two chunks are very long-out, because it is a very time-consuming operation to verify massive transactions, which is where future improvements can be made.

The lesson to take away from this stress test is that the blockchain is ready to handle the load, but the businesses who contribute to its infrastructure will need to keep pace.

The BSV Node team has informed CoinGeek that it was able to handle the load of the stress test with only 8GB of memory in its node, but recommends having 16-32GB of RAM to be safe. At the same time, make sure the rest of your infrastructure, like web services and connecting databases, can keep up with the impressive load of transactions coming across the blockchain.

Now that Bitcoin is professionalizing, it’s important that everyone involved professionalize as well. BSV is not a hobby project; it’s the future data ledger and digital currency of the world, and it requires the infrastructure to support it for those ambitions. As great as this test could have gone, the real transactions will be coming soon, and all partners involved will need to be ready for it to prove that BSV is the blockchain for enterprise usage.

The Bitcoin Vision: Episode 21

Founding President of the Bitcoin Association Jimmy Nguyen returns with this week’s episode of The Bitcoin Vision, highlighting the major developments in the Bitcoin SV (BSV) ecosystem.

This week’s episode kicks off with the biggest news in the BSV ecosystem in recent times: the Quasar protocol upgrade. The upgrade increased the block size hard cap from 128MB to 2GB, marking a key milestone on the return to Bitcoin’s original Satoshi Vision. With the upgrade, Bitcoin SV will be able to increase the number of transactions it can handle per second from the current 300+ to 1,000+. This will enable enterprises to develop more ambitious business applications with BSV as the data ledger. Miners will also get to earn more in transaction fees to compensate for the block reward which is set to halve in 2020.

RelayX has emerged as one of the top wallets in the Bitcoin SV ecosystem. The wallet recently announced that BSV users can receive discounts when they use RelayX. To benefit from this feature, users simply have to load BSV on to their RelayX wallets, scan a fiat wallet QR code they wish to pay and then confirm when the recipient gets the funds. Doing so will see the users receive 0.5% to 5% discount on their purchases. RelayX currently supports six of the most popular global fiat wallets in Alipay, WeChat Pay, Kakao Pay, Payme, Paytm and PromptPay.

Nguyen also recapped the recent Bitcoin SV Meetup in London, sponsored by the Bitcoin Association. Titled “Quasar: Enabling More Business to Build Online,” the meetup was held just a day after the Quasar protocol upgrade, so it’s only natural that the upgrade was a central theme during the meetup but the event also delved on other topics including building businesses onchain and shifting paradigms in social media with BSV. To top it all off, there was a beer tasting event. Many of the leading names in the BSV ecosystem were present including nChain CTO Steve Shadders, Money Button’s Maria Eugenia Lopez and the UX designer from Twetch, one of the great applications built on BSV.

For this episode’s Satoshi shoutout, Jimmy applauded the efforts of CodeOnChain, a new service meant for developers that’s built on BSV. The service offers similar services to the GitHub code repository but it’s built on the advanced BSV blockchain. Developers can now upload a directory of files to the BSV blockchain using Metanet nodes. Other users can then easily browse through these directories by visiting CodeOnChain. Furthermore, the service allows developers to receive BSV through the Money Button application for their work.

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

New directory make it easier to find BSV-related products, services

The key to cryptocurrency adoption is making it easy to find locations that accept digital money. A new site has been launched to help spread awareness of where the original Bitcoin, Bitcoin SV (BSV), can be found and is promising to be a leader in the spread of BSV. BSV Galaxy makes it easy to find wallets, exchanges or vendors, and gives the BSV community a place to produce content on the BSV blockchain.

BSV Galaxy bills itself as the “Bitcoin SV Artists Collective.” Shem Booth-Spain – better known on social media as “Captin Bitcoin” – launched the concept as “a place people could meet and work together, business development for peoples projects from the arts is how we can fill up the block size with valuable useful data [from] artists, musicians and writers.“

Booth-Spain received some help developing the site by way of “super intelligent web developer Troy (secret BSV superhero) with massive support and advice from metanet.icu founder Joel Dalais and business support by Sheridan Sparrow.”

The site is membership based, which gives it an additional layer of legitimacy, and is still developing a following. Booth-Spain explains, “We are always doing special offers and promos. People don’t need a personal trainer to get fit, they just have to eat salad and walk. Personal trainers are still very popular because it helps them fast track their goals, reach their target! – first 5 people to message on Twitter and say ‘Open sesame’ get free membership!”

Captin Bitcoin recognizes what many are beginning to understand. BSV’s large block size gives it substantially more capabilities than any other blockchain. He states, “I set up a new operation, #operationdatablast, on Sunday 28th. I did a 14hr marathon streaming mission to bring people together in the space to upload to BitcoinSV music videos, images (I’m a musician/artists/media/advertising pro by trade) up onto the BitcoinSV. I uploaded a record 248mb music video and so did others, making record blocks! We proceeded to increase on coin.dance the BSV block size up to 96%!!!”

BSV’s recent Quasar upgrade proved that large blocks were possible. Blocks of 2 gigabytes are now the norm on the only blockchain to follow the original Bitcoin design, defying assertions by other blockchain providers that said that large blocks could never be achieved. With larger blocks comes the ability to handle more data and more transactions in less time, and Quasar is just the beginning. The Genesis upgrade scheduled for next February is expected to completely remove all block size caps.

Booth-Spain adds that the blockchain can be of particular interest to the arts community, indicating, “Arts & Technology unites and unleashes the power of Bitcoin via overcoming the challenges that logical thought cannot overcome, Believe in your projects, GET MOTIVATED, Innovate & Build. That’s how I think of these things.”

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.

Operation Data Blast shows Bitcoin SV’s power

On Sunday, thanks to the recent Quasar upgrade on Bitcoin SV (BSV) that raised the block cap to 2 gigabytes (GB), BSV enthusiasts conducted a large initiative to upload data to the blockchain. Not only was it successful, but it reiterated the fact that on-chain scaling of an order of magnitude larger than anyone thought possible on a blockchain is possible and sustainable.

Operation Data Blast, as the event was called, brought “hundreds of Bitcoin Society members” together to “upload meaningful media onto Bitcoin’s public blockchain.” The activity is still underway, as of this writing, and is expected to last through “Monday lunchtime in Asia Pacific.” By providing a large window, BSV and crypto enthusiasts from around the world have an opportunity to participate.

According to Dr. Roy Murphy, who helped organize the event, “Bitcoin isn’t where it should be after a decade. Being usurped by various entities with nefarious intent has created forks of the original protocol and the carefully orchestrated manipulation by these bad actors have destroyed many of the key tenets of Bitcoin, whilst coercing bucket-shop crypto exchanges to capture the trading Tickers of Bitcoin (XBT and BTC) by centrally governed entities whose objective is to command and hobble the Bitcoin protocol via the hostile takeover of protocol development.”

He adds, “With this in mind, ‘Operation Data Blast’ is the swan song, a last hurrah to those who spent so much time and effort into diminishing the integrity and genius of Satoshi Nakamoto’s creation. It’s giving ‘the bird’ to those who restricted Bitcoin to 1MB [megabyte] blocks, servicing a paltry 7 transactions per second to line the pockets of those interests whose only wish was corruption, anonymity, control, destruction and power.”

If anyone expected the large data upload to be a burden for the BSV blockchain (and there were definitely some BTC shills counting on it), they were greatly disappointed it. On the evening of July 28, as pointed out by Derek Moore on Twitter, “Bitcoin SV produced 4 ~250 MB blocks and a plethora of big blocks today during a User-Activated Stress Test (UAST) during which valuable data was archived on-chain, totaling about 2.5 GB of multimedia & hypermedia content.”

The Quasar upgrade on BSV was nothing short of a huge success. When the Large Hadron Collider was preparing to slam two particles together in September 2008, many people thought the world was going to come to an end. When BSV announced it would be raising the block cap to 2GB, many people that the crypto world was going to come to an end. Just like CERN proved them wrong in 2008, BSV has proved everyone wrong in 2019.