How RelayX is making Bitcoin SV ‘more user friendly than ever before’

Wallet app RelayX has said it is making Bitcoin SV (BSV) more user friendly than ever before, as it continues to develop its crypto superwallet.

Announcing a series of product updates, the app said it would allow users greater flexibility and control over their cryptocurrency payments, as well as announcing new integrations for the service. Of particular note was the launch of an integration for BSV-powered social media platform Twetch, which allows users to own and monetize their content in BSV.

In a Medium post, the RelayX team said they’re introducing new ways for users to buy BSV in alternative tokens, aka “sh*tcoins”.

First, we break ground by introducing alternative blockchains colloquially referred to as sh*tcoins to the Relay settlement ecosystem. In theapp latest version of our RelayX app, users can now fund their Bitcoin SV Superwallet seamlessly with Bitcoin Core (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Tether (USDT).

RelayX has also removed the need for users to hold a balance in BSV before they can use BSV, combining top-up and payment into a single function, with automatic conversions and fee calculations.

Second, users no longer need to maintain a balance in BSV in order to use BSV. Volatility is an ever-present issue for prospective users and we have alleviated that by combining Top up & Pay into one action. RelayX users can now scan a BSV address or enter a 1handle or Paymail and pay with any fiat or alternative cryptocurrency of their choice. All conversion and fee calculations are done for you, ensuring that the recipient receives exactly how much you wanted them to receive.

The wallet app has also added contact book functionality, making it easier for users to send to the same contacts time after time.

It noted, “Third, we are adding Contacts so you can save your friends’ 1handle and Paymails for easy sending. We envision enabling you to add fiat and alternative cryptocurrency contacts in a future release.”

Celebrating the product upgrades, the wallet app said it was RON, the Relay On-chain Network powered solely by BSV, that was delivering these benefits.

“Importantly, many of these upgrades to RelayX are made possible and efficient by RON — the Relay On-chain Network which operates entirely on Bitcoin SV. We are excited to share more details about RON — how it works, and how it can power a wide range of on-chain applications, e-commerce, wallets, and financial institutions, in an upcoming public launch blog post of its own,” according to the RelayX team.

The wallet app is currently in beta in Google Play and iOS Testflight.

Earn BSV by onboarding new users to RelayX superwallet

The RelayX superwallet allows users to send and receive funds instantly, at low cost, across payment platforms. Now, users can earn BSV from referring and onboarding new users, the latest offer of its kind to encourage greater uptake of the service.

With a dedicated share link, users can refer others to RelayX superwallet to benefit from the flexibility of cross-platform payments, while earning a $0.01 referral fee in BSV for their trouble.

A service that many in the BSV community already rely on for sending and receiving funds across payment platforms, the incentive will help further encourage adoption, with the aim of ensuring more people use the RelayX service.

Describing itself as “the new standard in open payments,” RelayX allows businesses and individuals to send and receive money from “anyone, anywhere, across any platform.”

The peer-to-peer settlement solution makes it easy to top up and withdraw from the wallet, with instant payments on both the send and receive side giving users full control over their funds.

Pitched as the most interoperable solution of its kind, the RelayX superwallet comes in at just a 1% fee, making it low cost for users compared to other similar payment systems.

The referral allows users to earn on every transaction, with the flexibility to withdraw or spend earnings from onboard new users to the wallet. It comes as the latest innovation in the BSV ecosystem, where development activity is at an all-time high.

Developers worldwide are increasingly relying on the BSV blockchain for microtransactions, taking advantage of rapid settlement and low transaction costs to increase the efficiency of payments.

With its cross-platform dimension, the RelayX wallet takes this to the next level, all powered by BSV technology. At a time of increasing interest among users for BSV and BSV services, the app and its commission structure presents a new opportunity for those looking to earn BSV while helping grow the wider bitcoin ecosystem.

The referral functionality is expected to soon be native to the RelayX app, in partnership with BSV offers platform TonicPow. 

Jack Liu: BSV will create a revolution in niche applications

With his RelayX ‘superwallet’, Jack Liu is making the passage from the existing money world into Bitcoin as painless as possible – and ideally, invisible altogether. By integrating with mainstream products like WeChat and Alipay, RelayX sidesteps the usual off-putting signup procedures that deter countless potential users from entering the Bitcoin ecosystem.

And having got people onboard, Jack’s new venture, the CambrianSV Bootcamp, is all about encouraging entrepreneurs to provide new Bitcoin users with services which bring the Bitcoin world to life – new apps, products and services, all generating blockchain transactions. And that has the spinoff benefit of making mining BSV more profitable and therefore ensuring the security and continuity of the mining network.

So how can the work of Bitcoin entrepreneurs be made easier? Well, Jack says it’s partly a question of creating standardised tools on which new products can be built: “it’s just going to get a lot more efficient. We’re going to have some common protocols on the blockchain that define [things like] location, value, content …You can have every single Internet 2.0 application be baked into the protocol level. And then every single application is a surface.” 

That means it will be easy for anyone to set up a new brand that accesses existing data on the BSV blockchain. For the user, the choice between services may be as superficial as a preference for one UX design over another, because the underlying data will be the same.

If BSV services are going to be easier to create than current online businesses, that should allow a much wider range of people to set up as business owners – without the multiple skills that have traditionally been needed: “previously,” Jack says, “if you wanted to build technology, you also had to learn how to do public speaking, to be able to face down the VC [venture capitalist] who’s giving you a bad term sheet …to become a manager of people”. 

BSV will allow people with creativity, but not necessarily the traditional skills of entrepreneurs, to create “niche applications” because “being niche, being different is going to be valued”. The consequence of this movement will be to “reverse our society back to an age where they were bakers and different shops at the street level – you’re going to see that on the technology level, and that’s going to make the Internet so much more interesting.”

Hear the full interview with Jack Liu on this week’s CoinGeek Conversations podcast:

You can also watch the podcast video on YouTube.

Please subscribe to CoinGeek Conversations – this is the first episode of the podcast’s second season. If you’re new to it, there are 30 episodes from season one to catch up on.

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Less than a week to go before the CambrianSV Bootcamp in Bali

The CambrianSV Bootcamp in Bali is almost here! The eagerly anticipated first of its kind Proof of Work Bitcoin SV (BSV) Developers Bootcamp kicks off on August 30, and the excitement is palpable. The seven-day bootcamp will bring together some of the most talented BSV developers to learn from each other and develop the next crop of transformative decentralized applications.

Bitcoin SV has been the blockchain network of choice for developers across the world, enabling them to create applications that can scale massively to accommodate user needs. BSV developers have created applications that have challenged the titans in every other sector, from social media to identity verification.

And come August 30, these developers will gather in Bali, Indonesia, to work together and further their development. CambrianSV, organized by RelayX in partnership with Bitcoin Association, seeks to enable the developers to build the society of tomorrow, together.

CambrianSV will focus on the application layer of the Bitcoin SV stack, Ella Qiang from RelayX told CoinGeek. The best way to foster real growth is by enabling developers to build better products that can compete with the current systems, using Bitcoin SV as the backend, according to Qiang.

She added, “Developers will get a direct look into the tools available on the Bitcoin SV blockchain and collaborate with the brightest minds to create the best applications. All participating teams should leave with a finished product that is generating on-chain transactions.”

Some of the teams that will participate in the bootcamp include TonicPow from the U.S., the peer-to-peer advertising platform powered by BSV; Legally Chained from the Netherlands, the onchain identity platform that enables users to verify their identities and sign documents; Agora from Italy, the homepage for the Metanet; and U.S.-based Twetch, the BSV-powered social media application.

The winner of the inaugural BSV Virtual Hackathon UptimeSV, a crowdsourced uptime monitoring and network intelligence for enterprise systems will also attend, as will RateSV from Japan, a platform that allows the flow of data between the blockchain and the real world; U.S.-based GearSV; a smart contracts platform for Bitcoin; and Open Directory, a platform that allows its users to earn by organizing the BSV blockchain.

Other teams that will attend include Metadomain from China, Bitpocket from Scotland, Bitmesh from China, Streamanity from India and Mempool from China.

The organizers aim to foster cooperation between the teams, with the ultimate goal of boosting onchain transactions. Qiang told CoinGeek, “We as the organizers are aiming at creating an open environment where various projects will share their experiences, goals, and challenges of developing Bitcoin enabled products and services. We are looking to encourage collaboration among projects so that each one will compete better onchain.”

Some of the notable speakers who will attend the bootcamp include members from the Bitcoin Association, HandCash and RelayX. Bitcoin creator Dr. Craig S. Wright will join the event via video chat.

To learn more about the upcoming CambrianSV BSV Developer Bootcamp, check out the official website.

Meet the participants of the CambrianSV Bootcamp in Bali

Having established itself as the only blockchain network that supports massive on-chain scaling, low transaction fees and real-time transactions, Bitcoin SV (BSV) has become a godsend for developers. These developers have continued to build on the only Bitcoin project that follows Satoshi’s vision, churning out groundbreaking applications targeting social media, network monitoring, advertising and more.

Come August 30, developers from across the world will congregate in the island of Bali, Indonesia, for the first of its kind Proof of Work BSV Developers Bootcamp. The seven-day bootcamp, organized by the Bitcoin Association and RelayX will bring together BSV developers to work together, learn from each other and interact with some of the leading minds in the industry.

RelayX’s Ella Qiang explained just what the bootcamp is and how it will benefit the attendants.

CambrianSV focuses on the application layer of the Bitcoin SV stack, as we believe real growth comes from people building better products using Bitcoin SV as the backend. The program is set up to accelerate the product building process from proof of concept to product release. It is a seven-day boot camp solely focusing on building the next generation products for the real-time economy powered by Bitcoin SV.

The attendants will get to collaborate with some of the brightest minds on the BSV ecosystem to create the best applications. “All participating teams should leave with a finished product that is generating on-chain transactions,” Qiang tells CoinGeek.

The latest team to confirm its attendance is the R&D team from McDonalds China. This team will join dozens of other developers whose applications span plenty of industries.

They include the teams from UptimeSV, the crowdsourced uptime monitoring and network intelligence for enterprise systems; Legally Chained, an onchain identity platform that allows users to sign documents and verify their identity; Run on Bitcoin, a token creation platform on Bitcoin; and Agora, a homepage for the Metanet.

Other teams that will attend include Twetch, the BSV-powered social media app; Streamanity, a video streaming platform; BitMesh, an emailing platform; BitPocket, a platform that incentivizes its users to perform tasks on the BSV platform; RateSV, the platform that allows the flow of data between the blockchain and the real world; and TonicPow, a P2P advertising platform powered by BSV.

The organizers of the bootcamp hope that in the seven days, the developers will get to learn from each other and build applications that can make the BSV ecosystem better. Qiang explained, “We as the organizers are aiming at creating an open environment where various projects will share their experiences, goals, and challenges of developing Bitcoin enabled products and services. We are looking to encourage collaboration among projects so that each one will compete better onchain.”

The bootcamp will be graced by some leading minds including mentors from the Bitcoin Association, HandCash, RelayX and nChain. Brendan Lee from the Bitcoin Association, Jack Liu from RelayX and Alex Agut from HandCash are among those that have confirmed attendance. Bitcoin’s creators Dr. Craig S. Wright will join via video chat, as will nChain CTO Steve Shadders.

The attendants will also get to participate as speakers, Qiang revealed adding, “We believe their direct implementation experience is valuable to share with the group. For example, Yao Yu from RateSV will talk about developing Metanet enabled applications, Zheming from Mempool will talk about payment channels in mining.”

To learn more about the upcoming CambrianSV BSV Developer Bootcamp, check out the official website.

CambrianSV Bootcamp in Bali accelerates product building with BSV

Build the society of tomorrow. Together.

That is the promise of the upcoming CambrianSV Developer Bootcamp, a seven-day gathering in Bali, Indonesia, from August 30 to September 5. With Bitcoin SV (BSV) offering unlimited possibilities, it’s created a Cambrian explosion of creativity and innovation in the Bitcoin society—tools and infrastructures are being built and developers are continuously releasing new applications enabled by BSV.

To help boost this explosion of creativity and innovation, the people behind the RelayX superwallet have teamed up with Bitcoin Association to bring forward “a totally different approach to building a product.”

In an interview with CoinGeek, Ella Qiang of RelayX explained what sets the bootcamp from the rest—aside from it being the first of its kind Proof of Work BSV Developer Bootcamp.

“CambrianSV focuses on the application layer of the Bitcoin SV stack, as we believe real growth comes from people building better products using Bitcoin SV as the backend. The program is set up to accelerate the product building process from proof of concept to product release,” she said. “It is a seven-day boot camp solely focusing on building the next generation products for the real-time economy powered by Bitcoin SV. Developers will get a direct look into the tools available on the Bitcoin SV blockchain and collaborate with the brightest minds to create the best applications. All participating teams should leave with a finished product that is generating on-chain transactions.”

CambrianSV focuses on the application layer of the Bitcoin SV stack, as we believe real growth comes from people building better products using Bitcoin SV as the backend.

CambrianSV’s goal, Qiang notes, is to be “a strong catalyst to boost onchain transactions,” with its alumni joining the “top players providing cool products for the real-time economy.” Check out who’s participating in the seven-day bootcamp here.

“Our participants have expressed their goals to learn from the workshops, their peers to gain a deeper understanding of the Bitcoin technical stack as well as exploring innovative business models,” she said. “We as the organizers are aiming at creating an open environment where various projects will share their experiences, goals, and challenges of developing Bitcoin enabled products and services. We are looking to encourage collaboration among projects so that each one will compete better onchain.”

Check out the official website to learn more about the upcoming CambrianSV BSV Developer Bootcamp.

McDonalds R&D team to join upcoming CambrianSV Bootcamp in Bali

By following Satoshi Nakamoto’s original plan of keeping a stable protocol and pursuing massive on-chain scaling, Bitcoin SV (BSV) is opening up a world of unlimited possibilities—paving the way for a Cambrian explosion of creativity and innovation. So much so that multinational corporations are now sitting up and taking notice.

On August 30, RelayX, in cooperation with the Bitcoin Association, is organizing a first of its kind Proof of Work BSV Developer Bootcamp in Bali, Indonesia—and the R&D team of McDonalds China is confirmed to be participating.

The seven-day bootcamp, which prolific Bitcoin developer Unwriter has described as “a Y Combinator for Bitcoin, will take place from August 30 to September 5, bringing together a select number of participants who will be focused on building “the next generation of products for the real-time economy powered by Bitcoin SV,” according to Ella Qiang, of RelayX.

The CambrianSV bootcamp is not a conference—it’s an intensive gathering where real work is done by developers. Qiang tells us: “Developers will get a direct look into the tools available on the Bitcoin SV blockchain and collaborate with the brightest minds to create the best applications. All participating teams should leave with a finished product that is generating on-chain transactions.”

Participating in the Bali bootcamp are teams from Twetch, the interface to Bitcoin; UptimeSV, the crowdsourced uptime monitoring and network intelligence for enterprise systems; BitMesh, the first email app on BSV; video streaming platform Streamanity; Legally Chained, an on-chain verified identity and document management platform; Agora, your homepage built on Metanet; TonicPow, BSV-powered peer-to-peer advertisements; RateSV, the platform to earn Bitcoin by investing on real-time financial data; BitPocket, platform to incentivize tasks with Bitcoin; Run on Bitcoin, a token creation solution on Bitcoin; MetaDomain, a domain name trading platform on Metanet.

Joining these groups is the McDonalds China R&D team led by CIO Charles Cai, along with Mark Wilcox, a Bitcoin expert in computational markets; Glenn Wolfe and Sean Pollock from GearSV; representatives from Mempool; Rob from the Cambridge Metanet Society; Anthony Yanick; and engineer and entrepreneur Derek Moore.

Mentors from the Bitcoin Association, nChain, HandCash and RelayX will also be on hand during the seven-day bootcamp to help the participating teams build their products on BSV. Even the participants will have a chance to share their knowledge and experience with the group, according to Qiang.

“The majority of attendees of the bootcamp will also participate as speakers as we believe their direct implementation experience is valuable to share with the group. For example, Yao Yu from RateSV will talk about developing Metanet enabled applications, Zheming from Mempool will talk about payment channels in mining,” she explained. “We also have open mic time slots for people to address topics that they think are important but not directly related to their projects. We are very excited to see what’s going come out from this.”

To learn more about the upcoming CambrianSV BSV Developer Bootcamp, check out the official website.

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.

The Bitcoin Vision: Episode 14

The Bitcoin Vision: Episode 14

Founding President of the Bitcoin Association Jimmy Nguyen is back this week for another update on technical developments in the Bitcoin SV ecosystem. Bitcoin SV is rebirth of the original Bitcoin, finally unlocking the true power of Bitcoin’s original design, protocol, and Satoshi Vision.

As always, there’s been more rapid growth in the ecosystem. This week is still all about growth as Nguyen looks at existing companies applications that are expanding their business or services on BSV, including UNISOT, WeatherSV, and RelayX and Relay One.

Norwegian company UNISOT recently secured some investors in its seed round, including tech entrepreneur and founder of Ayre Media, Calvin Ayre. UNISOT is building a supply chain management solution on the Bitcoin SV blockchain. This solution leverages Bitcoin blockchain’s ability to act as the Universal Source of Truth, and BSV’s massive scaling capacity to support enterprise-level activity.

UNISOT plans to use digital tokens and a smart contract system with a BSV-based token as they deliver improved Enterprise Resource Planning (ERP) systems, with the addition of security and use of tokenization that BSV blockchain technology offers. Read more about UNISOT and its recent funding round here.

Meanwhile, the team behind Weather SV has also made a couple of announcements. First, in celebration of the almost 250 active weather channels, WeatherSV has committed to one year’s worth of channel funding, based on current fees, with each new activation.

Second, WeatherSV has also enabled a JSON API endpoint that is accessible from the blockchain. With this feature, users can now access the weather channel data from on-chain resources. Check it out here.

Jack Liu also relayed more good news for the Bitcoin SV ecosystem. The RelayX “Super Wallet” founder has announced Relay One, a simple button that allows online e-commerce, platforms and independent sites to accept payments from any local payment form that has been integrated in the Relay blockchain settlement network.

Jack explained in a Medium post how “The One button can easily be plugged into any website and appears just like any other payment method.” At launch, Relay will support payment forms including Bitcoin SV as well as WeChat Pay, and Alipay. Stay tuned because Relay will be opening private testing soon for interested merchants.

This week’s Satoshi shout-out goes out to the three finalists of the first ever Bitcoin SV Hackathon. Over 200 developers from 19 countries joined Bitcoin Association’s first ever virtual hackathon on BSV, and because the quality of the entries was so high, the judges named 14, rather than the originally expected 10, semi-finalists. From there, the entries were narrowed to the top 3: TonicPow, UptimeSV, and Polyglot.

Polyglot is designed to be Bitcoin SV’s most intuitive way to interact with a myriad of Metanet protocols through Python, while TonicPow enables peer to peer advertisements, allowing users to monetize their sites and earn BSV directly from advertisers, and UptimeSV is a distributed performance & uptime monitoring for robust, DDoS-hardened enterprise systems.

Watch The Bitcoin Vision: Episode 14.

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

Jack Liu’s BSV-based Float SV to deliver ‘real asset exchange experience’

Jack Liu’s BSV-based Float SV to deliver ‘real asset exchange experience’

A month after leaving his job at Circle to fulfill the vision he sees for Bitcoin, Jack Liu is back—with a new superwallet and a cryptocurrency exchange based on Bitcoin SV (BSV).

Liu announced over the weekend that he has teamed up with cryptocurrency exchange OKEx to roll out Float SV, a BSV exchange built on top of OKEx’s white-label solution OKNodes Program. On Twitter, Liu explained: “#FloatSV will resemble @OKEx interface at first, but over time, we will introduce many UX experiences.

The Float SV exchange will launch in April, but Liu noted, “…the exact timing will be adjusted forward if any major exchange delists Bitcoin (SV).”

Promising “real asset exchange experience,” Float SV will only list blockchains that runs Proof of Work SHA-256 and real assets such as commodities and currencies. This means no native tokens, no securities, and no security token offerings (STOs) on the platform. Part of Float SV’s exchange revenues will be reinvested into PoW, according to Liu.

This partnership with OKEx, according to Liu, brings his career to full circle. Liu, who previously served as chief strategy officer at OKEx, now returns as a partner and will leverage the crypto exchange giant’s technology as he works to bring “his own taste and values to the surface.”

“I have learned more from Star [Xu] than can be explained, and it is great to be back leveraging OK’s trusted and scalable exchange infrastructure with which I am very familiar with. Float SV can count on OK’s track record of being a neutral technology platform,” Liu wrote in a Medium post. Star Xu is the founder and chief executive of OK Group.

The announcement comes on the heels of the beta launch of Liu’s non-custodial wallet, RelayX, last April 1 in Argentina. Coined a “the world’s first mobile Superwallet,” RelayX promises to deliver a seamless payment experience around the world by supporting interoperable sends and receives over WeChat Pay, Alipay, and Kakao pay, with Line Pay and more to follow. The company explained:

“RelayX users will be able to spend their local currency denominated Bitcoin (SV) balance over Alipay and WeChat by simply scanning the receive QR Codes. Relay’s network of earners will process payments similar to how miners process transactions.”

Jack Liu’s BSV-based Float SV to deliver ‘real asset exchange experience’

Cross-platform transactions are limited to $100 during the beta launch period, with no fees involved. Since its launch, RelayX said it has already processed more than 500 on-chain transactions, including more than 200 cross-platform transactions. The company has also partnered with South Korean blockchain giant Coinplug, which will provide localized support allowing RelayX to connect with the Korean market.

RelayX is available today in beta on Android.