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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Ellipal announces Bitcoin SV support in time for Titan launch

On August 28, Ellipal, one of the most secure hardware wallets on the market, announced they have added Bitcoin SV (BSV) support to their wallets. To find out more about the wallet maker, and their decision to embrace BSV, we reached out and asked some questions.

The decision to add BSV support to ELLIPAL came down to a couple of key factors: user demand and importance to the marketplace. “BSV has a large user base and one of the major coin, hence supporting BSV,” their team told us. “We received many requests to support BSV, so as a wallet, we are happy to support it.”

The ELLIPAL wallet was built with security at the top of mind, and it makes an excellent new storage option for the BSV community. And very recently, the company also announced the ELLIPAL Titan is now being shipped worldwide. The team was happy to tell us that both of their offerings support BSV. They wrote, “The new firmware is supported on both original ELLIPAL and ELLIPAL Titan. Both can be updated by users themselves at home.”

What are the advantages to buying an Ellipal Titan? They listed out three great reasons the Titan is both the most secure and easy to use cold storage solution available. “Firstly, it is what we call a true air-gapped wallet,” they explained. “ELLIPAL only works through QR codes so it doesn’t need conenctions like USB or Bluetooth like the other wallets. Because it doesn’t need these connections, we can manufacture the whole wallet to be completely air-gapped without any limitations. Its impossible to attack the wallet through any networks.”

Second: The ELLIPAL Titan is built in an IP65 rated metal frame. It is not only strong but it has anti-tamper and anti-disassembly qualities. This means the wallet cannot be easily cracked open by hackers without very professional tools (we have heat tested and stress tested etc.) and if they do, the screen and circuit would break, destroying the wallet before they could do anything.

But that security doesn’t come at the cost of a friendly user experience. “It is very easy to use,” they noted. “It has a large, clear, responsive touch screen with our own easy to use UI. People of all ages can use it, in fact, we have the most elderly and female users in proportion compared to other wallets. The wallet also works with your mobile phone so no need to rely on computers anymore.”

That’s a pretty convincing argument. If you’re looking for the safest place to save your BSV, its worth checking out Ellipal for their quality products.

ElectrumSV wallet update fixes coin-splitting faucet

The powerful and feature focused ElectrumSV wallet team has announced the release of version 1.2.4 of their Bitcoin SV (BSV) focused wallet. The release focuses on a few vital changes to keep coin-splitting working in the wallet, as well as what blockchain supporters it supports.

Announced in a Medium blog post, the update carefully explains each update, why it was necessary, and how the new functionality works, along with links to documentation.

Perhaps the most important change is a fix to get coin-splitting working once again. Sadly, coin-splitting was made unavailable for some time, as a malicious party got around restrictions and took advantage of the faucet containing all of ElectrumSV’s BSV supply. This mandated a fix that would protect the faucet from further abuse. Roger Taylor explained:

The faucet has been changed to require a captcha, and the way the loser was stealing the funds will no longer work. Also, because we now require the person who is splitting to use the web site directly, this gives the faucet even more leeway to be updated if the loser decides to attack the faucet again.

The full explanation of how to perform coin-splitting, the process of separating BSV from SegWitCoin (BTC) and Bitcoin Cash (BCHABC), is explained in the blog. While it’s mostly the same as it was when ElectrumSV launched, it now will pop-up a browser to collect the faucet dust necessary for the procedure. This will work for wallets on the mainnet, but also wallets on the testnet and the Scaling Test Network (STN), for developers looking to try out their work.

The upgrade also brings changes to the block explorers used by ElectrumSV. Blockchair explorer, which was previously removed because of its insistence in keeping the outdated “cash address.” As the site has now dropped that address format, it fits back in with the standards ElectrumSV has been keeping, and has been re-added.

They used that update to broadcast that other blockchain explorers that wish to be included in the wallet will need to follow Blockchair’s path and remove cash addresses, singling out bsv.btc.com as an example of an explorer they are not currently supporting for that reason.

ElectrumSV has been a feature filled BSV wallet since January, when they released their Desktop wallet for the original Bitcoin. They’ve also signaled that they want to focus on broader adoption by making their wallet friendlier to all users.

Update: This article previously stated ElectrumSV’s coin-splitting faucet was hacked. That was in error, and this article has been updated accordingly.

Simple Cash review: Easily introducing your friends to Bitcoin

Do you have a friend or family member that you need to send money to, and you happen to have some Bitcoin SV (BSV) available in your Money Button? Simply Cash, the easy to use BSV wallet, makes it so incredibly easy to introduce someone to the Bitcoin ecosystem and get them set up with their first wallet.

Not too long ago, introducing someone to the digital currency could be a bit confusing. Really, the only way to go about it was to convince them to download a janky looking wallet, teaching them how QR codes or addresses worked, and hoping they didn’t mess something up, sending money into an unrecoverable void.

While interfaces have gotten much better, and several BSV wallets have made the experience much simpler with additions like Paymail and HandCash handles, Simple Cash might have come up with the most user friendly introduction.

Thanks to their Send BSV via URL feature, Simply Cash lets you set up either a single use website to send BSV to a friend, or multiple gift cards you can share with anyone. To do so, simply visit simplecash.live, provide an optional name and description, and swipe the Money Button to load up the new URL with BSV. You’ll then get a URL address you can send to the recipient, who can then scan a QR code to receive the funds.

What if they don’t have a wallet, you ask? That’s where the folks at Simple Cash are ahead of the game. Every URL created through the feature not only presents the QR code, but also provides an easy to follow five step process to download Simple Wallet and receive the funds. That makes introducing a Bitcoin newcomer to the BSV ecosystem incredibly easy.

Just because the app goes by the name Simple Cash doesn’t mean the team behind it aren’t working on some really cool, more complicated tools though. The wallet has multiple recovery techniques, making it an easy proposition for newcomers to keep their funds safe and recoverable. They’ve also added support for offline signing, effectively making it possible to create cold wallets with Simple Cash.

If you are looking to evangelize BSV to some of your less tech savvy friends, there’s not too many better options than giving Simple Cash a try.

Centbee CEO explains BSV’s real value during CoinGeek Toronto Conference 2019

Centbee CEO explains BSV’s real value at CoinGeek Toronto Conference 2019

The CoinGeek Toronto conference was bigger than many had anticipated, but showed how important Bitcoin SV (BSV) has become. Experts in cryptocurrency and blockchain technology were on hand to discuss what’s happening in the Bitcoin ecosystem and what the future holds, and one of the speakers on the main day of the conference was Lorien Gamaroff, founder and CEO of the Centbee BSV wallet. His presentation brings home the importance of BSV as a currency, showing how his company is working to ensure that it’s available for everyone, everywhere.

Centbee has its roots in South Africa, where it has become extremely popular. Gamaroff and Centbee are working to make it easier to acquire and easier to spend, working with commercial entities across not only South Africa, but the entire continent (1:34). The company has already established a number of relationships with the largest retailers in Africa, including Picknpay Hypermarket, Shoprite, Checkers, Builders Warehouse, Dion Wired, Ackermans, Pep and more.

Those relationships bring together a point-of-sale system (POS) offered by a company called Flash that allows users to purchase BSV directly through the POS or a kiosk. This is helping to facilitate BSV adoption by making it extremely easy to purchase and, ultimately, spend the cryptocurrency. With BSV’s extremely low transaction fees—fractions of a dollar compared to other crypto and fiat—it is becoming a way to pay for goods without losing income.

Centbee includes know-your-customer requirements (5:15) that meet local guidelines related to anti-money-laundering policies. Users in South Africa have to include their first and last name, as well as their ID number. In addition, BSV purchases have daily and monthly limits, in accordance with financial guidelines. Larger purchases are possible, but require users to supply more data.

During his presentation, Gamaroff included two real-world use cases, provided directly from BSV users. “Laura” and “Bill” shared their stories of why they have turned to BSV, as opposed to fiat, and how much it has improved their lives. Both are independent workers who constantly ran into trouble receiving payments for their work due to different reasons, but BSV has helped completely overcome those obstacles.

One commonality between them was the previous necessity of having to rely on bank transfers for their payments. These transfers would usually be delayed about a week or so, and result in fees being deducted from the amount as the transaction made its way from the sender to the recipient. After switching to BSV, payments are received in just a matter of minutes, and the fee is negligible—nothing more than a blip that’s hardly noticed. As Bill states, “[BSV] is the natural progression of where transactions should go.” (14:12)

BitBoss releases javascript library for Bitcoin SV wallets

BitBoss releases javascript library for Bitcoin SV wallets

There’s another exciting new release for the Bitcoin SV (BSV) blockchain. BitBoss, a company that specializes in blockchain gaming innovations, has released Keyring, a new collection javascript libraries for BSV.

The Keyring libraries, hosted on GitHub and at npm at @keyring/bsv, will help developers to code apps that can create and sign BSV transactions, allowing them to easily create new wallets. Alex Shore, chief technical officer of BitBoss, told CoinGeek:

“We built Keyring for our own needs while developing our online gaming ecosystem that runs on Bitcoin SV, however we plan to enhance this library in an effort to help the entire Bitcoin SV community of developers. All contributions of code, feedback, and feature requests are welcome. We will be using GitHub issues to track work and will monitor it closely.”

Keyring has been designed to work with BSV first and foremost, and it uses all of BSV’s functionality, including support for larger OP_Return sizes. Their website states, “With KeyRing it is very easy to add new op returns and script templates because of how the library is designed to work with multiple chains.”

This new addition to the BSV development community demonstrates once again the maturity and collaboration present in the Bitcoin industry. BitBoss are first and foremost game developers though, and their website has sneak peeks into several gaming innovations they are currently working on, including blockchain-based slots, lotteries and a sportsbook.

This is a timely new resource for BSV, considering the Bitcoin Association recently announced the unveiling of the Bitcoin SV Scaling Test Network (STN). Developers and businesses now have easy to use code to help develop new applications with, and a professional test environment to fully stress test those applications for their business needs. Considering Keyring was built as a part of gaming development already, this is a perfect combination for gambling applications that need wallet applications tested on a massive scale.

This also adds to the education tools already released by Money Button. Their CEO, Ryan X. Charles, announced a suite of resources for developers to learn from, which has expanded to over a dozen articles since its release in March.

If you’re a developer who’s interested in using these new Keyring resources, you might be interested to join the upcoming CoinGeek Toronto scaling conference as well. Winners of the first BSV hackathon will be announced, and you can register now to be there. Save money on your entry too by paying with Bitcoin SV via Coingate.


BSV hardware wallet on its way

A new cryptocurrency hardware wallet is coming that is meant to take on Trezor and Ledger. This one already has a leg up on the competition, though, as it has incorporated support for the original Bitcoin, Bitcoin SV (BSV).

The new Keevo wallet offers a “quantum leap in crypto security and convenience,” according to its website. According to the company’s chief technical officer, Chen Nie, “Keevo is a HUGE step forward in security and convenience—it’s a ground breaking, premium hardware wallet. We know because we manage millions in fiat currency crypto value. Keevo dramatically increases the security and ease of managing your digital identity and crypto assets.”

Keevo announced that it would most likely provide support for BSV in response to a conversation with a BSV fan, Tony G. Tony posted the results of the conversation on Twitter, providing a screen capture from Keevo that reads, “…added BSV to the list of coins we would like to have supported by launch.”

Keevo is a product of BitKey Bank out of San Francisco, California. The wallet is not yet ready to be released, and will be available for pre-order next month with shipping beginning toward the end of the summer. The wallet includes a proprietary “Carbon Key” solution that is designed to replace paper seed phrases and comes with a 2.8-inch LCD color touch screen display, fingerprint sensor, Bluetooth connectivity and a long-duration lithium-ion rechargeable battery.

The company asserts, “Keevo is like having your own private Swiss bank vault in your pocket. No one else, anywhere—online or off—can access your private keys. They are completely air gapped and securely encrypted on your Keevo. You need your MF/MSA signatures to sign any transaction. And, with Keevo’s premium service, we’ll securely store your Carbon Key™ in one of our secure storage facilities dispersed across the globe and protected by our chain of custody system.”

Both the Trezor and Ledger have been avoiding BSV, despite its position in the market. As the only crypto that adheres to the original Satoshi’s Vision and is designed to be used as a true peer-to-peer alternative to fiat, it is the only crypto that can truly call itself Bitcoin.

The Bitcoin Vision: Episode 4

There’s a lot of excitement happening as the Bitcoin SV (BSV) ecosystem builds the world’s new money and global enterprise blockchain. This week’s episode of The Bitcoin Vision, coming to you from London, recaps the recent developments happening in the network—from an update to the Bitcoin SV code to an important rebrand, plus wins at a recent wallet workshop, moving EDI to BDI, as well as the latest Wright Vision from Dr. Craig Wright.

bComm Association, the leading industry group for Bitcoin business, is now the Bitcoin Association, dedicated to advancing business with Bitcoin SV. According to Founding President of the Bitcoin Association Jimmy Nguyen, the organization brings together merchants, exchanges, wallet operators, application developers, big enterprises, miners and other members of the Bitcoin ecosystem—all committed “to advancing all business uses of this powerful blockchain, not just payments and ecommerce.”

“Everyone knows Bitcoin for its vision to become the world’s peer-to-peer electronic cash system, but it can be so much more. Now that BSV has rebirthed the original Bitcoin, there is a scaling plan and technical roadmap for Bitcoin to become the world’s data ledger and data network,” Nguyen noted. “The name Bitcoin Association better captures this broader mission.”

Companies around the world are invited to join the Bitcoin journey, and there’s no fee to join the Bitcoin Association as a member. To learn more and register, visit bitcoinassociation.net.

In other news, the BSV development team, which works on the reference implementation for the Bitcoin SV, has released version 0.1.1 of its software. The latest update continues BSV’s focus on massive scaling, delivering performance and capacity increases to transaction propagation. The upgrade offers faster relaying of transactions, improvements in the security of instant transactions, while larger network messages will also allow higher volumes of transactions, and finally, the parallelization of network communication will increase efficiency across the network.

The scaling improvements in this release have all been researched and tested in the newly public Bitcoin SV Scaling Test Network (STN), which is now open to other network participants in the Bitcoin SV system.

Speaking of wins, significant achievements were made at a recent nChain-hosted wallet workshop in London, organized by the Bitcoin Association and sponsored by CoinGeek. The wallet workshop gathered representatives from BSV wallets around the world, who discussed how to enable more seamless integration among wallet applications and improve the user experience. Among the topics discussed were payment protocols between client and merchant wallets, payment channel implementations and easy addressing mechanisms.

Can we move EDI to BDI? EDI or electronic data interchange is the B2B backend tool that underpins 14 trillion dollars worth of global industry. It comprises such things as transmission of purchase orders, invoices, shipping documents and other data that all form part of a real-world transactional process. There are many national benefits to using Bitcoin as a transmission and storage mechanism of EDI, and several parties are already independently developing EDI to BDI projects, including specially commissioned nChain projects.

Finally we have The Wright Vision. Each week, nChain Chief Scientist Dr. Craig Wright authors a Medium post where he describes exciting new uses of the Bitcoin SV blockchain, especially incorporating nChain intellectual property. A recent Medium post of his, titled Forex accounting in script, explains how the BSV system can allow for the creation of complete end-to-end development contracts that are legally enforceable and paperless. It allows for complete payment of subcontractors in the integration of existing project-planning and scheduling software.

Watch The Bitcoin Vision: Episode 4:

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

Bitcoin Association Wallet Workshop wrap-up

Bitcoin Association Wallet Workshop wrap-up

The first Bitcoin Association Wallet Workshop, hosted by nChain and sponsored by CoinGeek, took place in London the week of February 18th and it was an undeniable success. The purpose of this event was to gather relevant parties in the Bitcoin SV (BSV) space to collaborate, share ideas, solve problems and pave the way for further development in BSV wallet solutions.  

“This is one of the great advantages of Bitcoin SV, we’re all on agreement on the base protocol. The base protocol is set in stone. This is extremely valuable to businesses like everybody here at this event, so we’re able to actually think about things that are at the layer above. Its how do we apply this protocol to solve problems that are all in our mutual interests,” shared Ryan X. Charles of Money Button, a key participant in the workshop.

“We’ve been extremely productive, basically coming up with standard after standard after standard of ways to collaborate,” he said.

“We’re working on all sorts of things, identity systems, probably the most interesting thing is actually just an improved version of BIP70 for people who are familiar with that. Its basically just a way to allow all of the different wallets to interact with one and other in a way that’s just going to make the user experience better for everybody,” Charles added.

The energy was buzzing throughout the workshop’s five days and the outstanding teamwork allowed for significant milestones to be achieved in a short period of time.

“Because we’ve got probably a majority of the wallet ecosystem here and everybody on board with this idea and they are all very keen to get back and start implementing, that’s going to create a huge amount of momentum within the Bitcoin SV ecosystem and its probably one of the biggest achievements I think that we’ve seen so far in Bitcoin SV’s history,” revealed nChain’s Technical Developer Steve Shadders.

What unites the BSV community in a unique way is that everyone working within it shares the same ultimate vision—for Bitcoin SV to massively scale and become the world’s new money and enterprise blockchain. Now that everyone is on the same page, “think tank” style events such as the Bitcoin Association Wallet Workshop are an integral part in achieving the ultimate BSV goal.

“It seems like we all focused on putting products out there, things that could actually be useful to people, so just getting solutions in the hands of end users is what’s important to most of the people here and to that end having that same goal, that same vision is really helpful to just move things in the same direction,” shared Jeppe Madsen of Coinify.

“From this meeting I’ve been able to come up with some ideas that are really going to improve how Centbee works and make sure that it really does become the world’s favorite wallet,” added Lorien Gamaroff of Centbee.

“I think historically when it comes to these sort of discussions, a lot of people always have antagonistic views and they always bring them up,” he said.

“But what was quite distinctive about this gathering was that we were all very eager to work together and come up with solutions. And also understanding that we are an ecosystem and we need to be able to work together and collaborate and find ways that we can actually grow that ecosystem so that we can, in fact, have successful businesses,” Gamaroff added.

Looking back how much was accomplished during just one short week, nChain has already decided to increase the number of workshops on the calendar in an effort to push the BSV industry forward as quickly as possible.

“I was initially planning on this event maybe being a once or twice a year event and in the course of the last few days I’ve upgraded that to four times a year. I’ve already been in touch with the sponsors of this event and made that suggestion and they’re 100% on board with it as well,” Shadders revealed.

“We’ve made so much progress in this week just by having everybody in one room, next time maybe we’ll cast the net wider and have more people participating, but yes, I want to see more of this progress because it helps Bitcoin SV move forward in leaps and bounds,” he confirmed.

Hivr announces version 2.0 will be on iOS and support HandCash

Hivr announces version 2.0 will be on iOS and support HandCash

The Hivr Bitcoin SV (BSV) social wallet keeps on improving and bringing new features to the world. On February 28, they made a surprise announcement on Twitter that Hivr version 2.0 is on its way.

The new features are pretty big. For the first time ever, Hivr will be available on Apple’s iOS devices. Additionally, the app now supports sending BSV to HandCash wallets.

Existing Android users will need to keep their 12-word recovery phrase handy for the upgrade, as it will force them to log back in. For the ability to now transact with HandCash wallets, the extra step is definitely worth it.

The Hivr app is currently only available on Android. More details about this upgrade should be on the way soon, and they have teased that Hivr 2.0 will come once they are done working on their web app.

The last mention of Hivr 2.0 came from a January 23 tweet, where they emphasized their goal for the new iteration would be better design, functionality and stability.

Hivr allows BSV users to have not just a wallet, but a social media platform as well. Users can tip each other for what they post, and generally interact with the BSV community in a new age way. Having a new, sleeker, user-friendly way to do that will be essential. Add on top of that millions of new Apple users, and they will be introducing BSV to a whole new world.

It helps as well that Hivr will now support HandCash transactions. Handcash is one of the more popular, easy to use and fast BSV wallets. Having the ability to transact between the two will knock down barriers to entry and bring BSV another step towards being the world’s new money.

These types of advances are proving once again that BSV is ready for business now. The stability of the platform allows developers to continue creating new apps, and improving those apps, without fear of a sudden change of protocol wrecking their work. Hivr can make these improvements and know that because of BSV’s stable roadmap, they can guarantee it will work far down the road.

Exodus wallet adds full support for Bitcoin SV

Exodus wallet adds full support for Bitcoin SV

Adoption of Bitcoin SV (BSV) continues to expand. As of February 6, Exodus, the desktop cryptocurrency wallet, has announced that they are now fully supporting BSV.

The news came in a tweet, announcing the new 19.2.5 version of Exodus, as well as the addition of support for BSV. The wallet is now capable of sending, receiving, and exchanging BSV, as well as provide transactions export, notifications and personal support.

Aware that many users holding Bitcoin Cash (BCHABC) may now want to claim BSV they were entitled to when Bitcoin was reborn in the November 15, 2018 hard fork, Exodus has provided an easy to follow guide for users to use, both for Exodus and for other wallets.

Currently, Exodus is developed for Windows, macOS and Linux, but their website advertises a mobile version will be coming to the Apple App store sometime this year.

BSV fans were enthusiastic about the update. One tweeted at Ledger, encouraging them to follow suit. If Exodus can add BSV support as a free desktop platform, why can’t a money maker like the Ledger hardware wallet?

As Exodus offers exchange support for nearly 100 other cryptos, this provides yet another easy way for people to get themselves some BSV. If you need more help doing that though, our Charles Miller recently wrote about his easy experience buying BSV for himself.

This news comes just a few weeks after the world’s largest crypto exchange, Binance, added BSV trading pairs. Momentum is steadily growing for BSV, as more businesses and customers recognize the benefits of large blocks, and the ability to massively scale on chain. BSV has already proven it can sustain 64MB blocks for 24-hour periods, and has already achieved 103MB blocks in testing. The benefits of scaling are clear: consistently faster, safer transactions, and without network congestion, cheap as well. No other crypto currency can offer that.

That’s because BSV is the only cryptocurrency to follow Satoshi’s original vision. That vision was born mature, and because Bitcoin was reborn in the form of BSV, only BSV can fulfill the world’s need for a global digital currency.

ElectrumSV introduces desktop wallet option for BitcoinSV

ElectrumSV introduces desktop wallet option for Bitcoin SV

This article has been updated to include quotes from Neil Booth, developer of Electrum SV. 

More and more businesses are choosing to support Bitcoin SV (BSV), the only cryptocurrency to follow Satoshi Nakamoto’s original vision for Bitcoin, all the time. Now the bComm Association has announced the new ElectrumSV wallet, available now at electrumsv.io.

Cryptocurrency fans will know the original Electrum wallet, created for Bitcoin Core (BTC). It’s considered one of the top digital currency wallets because of the strong feature set it offers. This new ElectrumSV wallet will offer the following features on launch:

• Desktop functionality
• Integration with the Bitbox, Ledger and Keepkey hardware wallets
• Management of wallet keys and historical transactions
• An advanced interface that allows flexible import of private keys from other wallets.
• A new coin-splitting tool that allows users to split their pre-form Bitcoin Cash (BCH) coins into BSV coins.

The wallet was developed by Roger Taylor and Neil Booth. They previously were key developers for the Electron Cash wallet, also based on Electrum, for BCH. In the bComm Association press release, they explained they decided to develop for BSV because “Bitcoin SV is the only Bitcoin that follows the whitepaper and values being stable and non-experimental, ElectrumSV naturally builds on it.”

Electrum wallets are typically used by developers more than end users, and thus the focus on a desktop-bound, strong feature set for this first edition. ElectrumSV’s developers say they have no plans at the moment to develop a mobile wallet, as the teams behind HandCash, Centbee, PixelWallet and Cashpay already have that space well covered.

Besides those wallets, other businesses have been flocking to BSV since the November hard fork. WooCommerce, the WordPress payment playform, added support earlier this week. Money Button has also been strong in their support. Many exchanges have also added BSV pairs, and Circle Invest has made it available as an investment option as well.

Regardless, Taylor and Booth plan to continue building towards user experience and mass adoption. “We agree with the Bitcoin SV message that it’s time for Bitcoin to grow up, keep a stable protocol without constant developer experimentation, and move to its next phase for scaling and mass adoption,” they said. On their goal for the wallet, the developers explained, “ElectrumSV is contributing to that effort by leaving behind the developer-focused experience, and making a wallet with easy-to-use features for everyone. We intend to continue making more improvements for the future.”

When asked about their new coin-splitting tool, Booth told CoinGeek, “It works by combining coins received from a BSV-only faucet with the other coins in your wallet so that your coins become BSV-only coins from that point on.  You can recover your ABC coins using Electron Cash in the usual way, but only after performing the coin splitting procedure.”

What comes next for ElectrumSV? The plan is to improve the user experience and add more functionality. Booth said:

“We will be improving the robustness of ElectrumSV’s networking, wallet and other internals, and to scale it to much larger wallets.  We also intend several GUI improvements to make it easier to use and give it a more modern feel.  Personally I would like to improve multisig wallet support, add threshold signature technology, and improve the privacy of users using the wallet in a variety of ways.”

Jimmy Nguyen, Founding President of the bComm Association, warmly welcomed the ElectrumSV team to the fold. His group, as well as nChain and its Bitcoin SV Node team, assisted the developers. He said:

“We are thrilled to help Roger and Neil bring the strong legacy of the Electrum wallet to Bitcoin SV. The ElectrumSV team understands that Bitcoin is for everyone, not just for developers. That is why their approach to upgrade Electrum into a more user-friendly wallet for BSV is critical to help achieve the Satoshi Vision – a world where billions of people globally use Bitcoin every day.”