CoinGeek Conference highlights why Bitcoin Cash is cash

For cryptocurrencies to be successful over the long-term, they need to be versatile and fungible. Bitcoin Cash (BCH) has already proven to be both, and will set the bar for how the eCommerce industry accepts digital currency going forward. For anyone in the eCommerce or retail space, the inaugural CoinGeek conference will be the definitive spot to learn why BCH has become so important, as well as to network with other professionals.

Dr. Craig Wright, chief scientist of nChain, one of the influential tech groups leading the development of Bitcoin Cash, expressed it best when he said, “Bitcoin is powerful right now.” The digital currency is quickly becoming a main alternative payment option in the eCommerce realm as more retailers embrace it every day. Wright will be one of many cryptocurrency leaders present for the one-day conference.

Joannes Vermorel, another leading blockchain authority and founder of the blockchain supply chain software company Lokad, will also participate in the conference. As an early adopter of BCH payments, Vermorel will be on hand to discuss how businesses can overcome hurdles with BCH.

Lorien Gamaroff, who founded the popular BCH wallet Centbee, once said, “What I like about BCH is that it’s reminding us that this was always meant to be cash. And cash needs to be able to be spent.”  The CoinGeek Conference is the perfect spot to learn how easy it is to exchange BCH for cash and accept it in any eCommerce environment. Join Gamaroff and the many merchants, visionaries and investors for the one-day event.

The inaugural CoinGeek Conference will be held on May 18 at the Four Seasons hotel in Hong Kong. Registration starts at 8 a.m., followed by a series of seminars on a wide range of important cryptocurrency topics that will help the community to grow and receive greater attention. The presentations are all being designed by the best names in the crypto space, and no single event can provide the wealth of knowledge and vision like the CoinGeek conference will.

Bitcoin.com CEO Roger Ver will be on hand, discussing BCH adoption around the globe. As he so aptly put it in a recent discussion, “BCH is building all the tools to make it useful as cash for the entire world.  And that’s why we are seeing merchant uptake around the world.”

Apart from the impact that BCH has, and will have, on the eCommerce industry, it is part of a movement that has brought about the innovation surrounding FinTech 2.0. Going forward, merchants are going to be the drivers of the entire ecosystem. As BCH continues to attract greater interest, eCommerce could very well soon be called “bCommerce” (Bitcoin Commerce).

Following the conference, there will be an after-party hosted by CoinGeek’s founder and cryptocurrency entrepreneur Calvin Ayre. Only a few weeks remain before the event, and space is limited. Don’t wait to make your reservation—pay today with BCH and get 50% the regular entry price.

Find out how you can integrate blockchain into your business by registering for the CoinGeek.com conference today.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

Terab project takes on Bitcoin BCH toughest challenge—managing UTXO dataset

To be competitive in the global payment space, cryptocurrencies need to scale to the level of transactions that traditional payment networks can provide. On-chain scaling is the only option that can make Bitcoin accessible to billions of people worldwide. Needless to say, scaling on-chain is one of the most important challenges for Bitcoin—and one that Lokad CEO Joannes Vermorel is meeting head-on with the Terab project.

In an interview with CoinGeek.com, Vermorel described the Terab project as “an ambitious project” that that targets to address the most difficult scaling problem of Bitcoin:  managing unspent transaction outputs (UTXO) dataset.

“You can think of the UTXO as all the ‘spendable’ Bitcoins,” Vermorel said. “As the number of users grow, this dataset grows as well, which is expected and fine. Nowadays, we have tremendously capable computing hardware; however, Bitcoin Cash (BCH) is the only Bitcoin that is sticking to the original vision of harnessing this processing power to onboard all of humanity, instead of artificially restricting adoption to a few.”

In a blog post, titled “Terabyte blocks for Bitcoin Cash,” Vermorel explained how 1TB blocks are viable on the BCH chain. A single terabyte block, added every 10 minutes, can contain about 4 billion transactions, and provide capacity of 7 million transactions per second. However, with such a massively scaled BCH network, developers will need to figure out how to optimize the UTXO database maintained by nodes to prevent BCH double spending.

This paved the way for the Terab project, an open source initiative backed by blockchain technology research and development specialist nChain Group and CoinGeek.com owner and Antiguan-based entrepreneur Calvin Ayre, who has pledged up to €3.6 million in funding.

Talented software engineers needed

One of the Terab project’s goals is to deliver a standardized microservice API and high performance single node, multi-node and distributed software implementations that are progressively capable of supporting the throughput required for 1GB and then 10GB blocks, laying the groundwork for similar implementations that can support TB size blocks. To achieve this, Lokad is forming a team who will develop the Terab software, which will be made available for usage under an open source license, but only for usage on the BCH chain.

Vermorel admitted that it takes time to ramp up “a great team.” Currently, the Terab team has already hired five software engineers, four of whom are scheduled to start in June. The team is also looking for a technical writer, who will make the project accessible to the dev community.

“More than ever, we are looking for talented software engineers. We primarily seek people who passionate about their craft and who care about produce excellent software pieces. If you happen to be interested by Bitcoin, it’s nice but it’s not a requirement either. The project itself is tough big data challenge; and it’s the opportunity to learn how to design an open source system both tremendously scalable but also incredibly reliable,” Vermorel said.

Internally, the Terab team has already made a lot of progress on many internal pieces of the project, although it’s still too early to publish the code, according to Vermorel. The team had also gotten feedback from leader Bitcoin teams regarding the API of the Terab microservice, which he said is important to make sure that drop-in replacements for Terab will remain possible.

“We want to have a first version of Terab released before the end of the year,” Vermorel said. “Bitcoin is already getting an upgrade to 32MB block in May. There is no urgency, the existing Bitcoin implementations can scale smoothly to blocks that are significantly larger. Terab will only start to become relevant when blocks start to grow to hundreds of MBs. However, considering the tremendous adoption rate of Bitcoin, we should work swiftly in order to make sure that Bitcoin remains forever usable with very low fees. Failing to do that, Bitcoin would face gigantic fees just like what regularly happens now with Segwit-coin BTC (inaccurately called Bitcoin Legacy or Core by most).”

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/terab-project-takes-bitcoin-bch-toughest-challenge-managing-utxo-dataset/

Satoshi’s Vision Conference day 1 recap

Hundreds of developers, researchers and Bitcoin enthusiasts from around the world have gathered in Tokyo, Japan for the Satoshi’s Vision Conference. The three-day conference organized by Bitcoin Unlimited and hosted by Taariq Lewis, CEO and founder of Aquila, featured presentations on building the future of money to bring Satoshi Nakamoto’s vision of a peer-to-peer electronic cash system to reality.

Andrew Clifford, president of Bitcoin Unlimited, welcomed over 400 attendees at the TKP GardenCity Takebashi and shared with us the importance of bringing Bitcoin groups together. Clifford officially opened the conference of more-technical-than-usual discussions on Bitcoin, led by groundbreaking companies as well as innovative thinkers and doers.

Jerry Chan, chief of Digital Asset Solutions of SBI Bits, started the day’s sessions with a talk about making Bitcoin Cash the best money in the world. He presented how to map Bitcoin’s way to global cash and what SBI has been doing from their end to realize this.

In an interview with CoinGeek.com, Chan said, “Mainstream adoption always starts from the grassroots. It always starts with the individuals. But as it moves to the stages of progression, it hits a certain point where institution starts to take notice.” Chan added that mainstream will not be reached without financial institutions and large corporations getting involved in the adoption.

Yours.org co-founder and CEO Ryan X Charles shared how cryptocurrency can be used to reach the level of mass adoption. He said, “We think the best use case of the cryptocurrency is the ability to earn money on the internet so we need to get people to actually spending cryptocurrency.” His company Yours.org is a cryptocurrency social network which enables contributors to earn Bitcoin Cash for content creation.

Researching for the future may not guarantee solutions for present issues and challenges but it will certainly lead to more developments and growth. Developing terabytes of blocks would be excessive at this day and age, but French tech firm Lokad explains the importance of Bitcoin Cash to reach the scale of 1 terabyte.

Lokad’s founder Joannes Vermorel said that a 1 TB block can accommodate 10 billion humans making 50 transactions per day. “I think sound engineering is to plan ahead,” Vermorel explained. “We want to keep the Bitcoin Cash network super reliable, super low cost.”

Also watch: Day 2 and Day 3 recaps of the Satoshi’s Vision Conference

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

source: https://coingeek.com/satoshis-vision-conference-day-1-recap-video/

Bitcoin Cash Conference Amsterdam wrap-up

Organizer says they hope to do it again soon—with blockchain-based tickets.

Mid-last month, we wrote about how a small group’s plan to meet up at a bar turned into an all-out preparation for something so much bigger—the first Bitcoin Cash Conference in Amsterdam last Wednesday, February 27 at TQ was a wild success. A total of 120 people attended the conference, which is a whopping 95% turnout from the online guest list, and that’s despite weather conditions. Attendees included locals as well as guests from Germany, Belgium, and the UK.

The conference revolved around areas of opportunity for fast and low-cost payments, as well as spearheading supporting services and infrastructure. BTC.com VP for business development, Alejandro de la Torre advocated for improvements that would enable quick and widespread traction such as money transfer services, B2B payment systems, and even physical merchant services such as POS terminals. He also reiterated the importance of community-driven events.

“The importance of participating in these type of events is very important for us at BTC.com – we all had a wonderful time and look forward to continuing providing support and meeting with the Bitcoin Cash community. A big thanks to Bitcoin Cash Netherlands for organizing this event. It was a success, through and through,” says De La Torre.

De La Torre also says that the community should focus on building the community and gathering talent instead of bashing other tokens and projects—something that has been rampant in the crypto community.

Joannes Vermorel, founder of the company Lokad—which is currently working with nChain on testing 1Gb blocks known as the Terab project, explained the technicalities behind on-chain scaling, and confirmed that a “production ready” version of the code supporting 1Gb blocks should be out by the end of the year.

The conference did not limit itself to business discussions: social impact is one of the biggest applications for blockchain, and Bitcoin Cash’s fast and cheap transactions can efficiently provide the platform through which donations can be made. Event organizer Remy de Vries conducted an interview with a group called @eatbch, a program set on alleviating hunger and poverty in Venezuela—the country has been suffering immense economic depression since 2013. Donations from guests were sent instantly via BCH.

Overall, the conference was a pleasant one, with guests Tweeting photos of the event.

If you missed out on this one, don’t worry: the organizers say they would love to do it again soon. In fact, de Vries says tickets may even be blockchain-based next time.

“Our future looks good, the plan is to organize more of these events. Infrastructure is being planned and built to streamline the sign-ups and reservation system. The goal is to have conference tickets ‘on-chain’ this year as a great proof of concept of this technology,” de Vries wrote to CoinGeek.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.

Bitcoin Cash Conference Amsterdam

Whatever your token of choice is, you are invited: drop by if you’re in the area on February 27th.

A closely knit community of cryptocurrency enthusiasts is conducting an event dedicated to exploring the future of Bitcoin Cash (BCH), with notable speakers contributing to the discussion on further developments.

This will be their first official event—they started out merely as a small, cozy group meeting up at a bar. And similar to the way Bitcoin Cash gained massive support at a very fast pace, the group is now opening their doors to a quickly growing community.

“What started out as an idea to meet in a bar with about 10-20 people to socialize and talk about Bitcoin Cash, turned out a bit bigger than expected,” the group wrote in their Meetup page.

The event happens in Amsterdam this February 27th at TQ, a startup tech hub formed by TheNextWeb (TNW) in collaboration with Google, KPMG, Booking.com and ABN-AMRO.

“We think this vibrant place that gives space to startups and industry leaders is the perfect place to host the first Bitcoin Cash (mini) Conference on February 27th.

The Netherlands and its capital Amsterdam, in particular, has an amazing Bitcoin community with many merchants, investors, companies, and developers working in this space.

Amsterdam hosts many cryptocurrency related meetups and we think it is time to give Bitcoin Cash its deserved voice in town,” says Remy de Vries, organizer of the event.

To aid the discussion, a range of notable speakers will be delving into different issues and developmental areas for the cryptocurrency. Among the speakers is Joannes Vermorel, the founder and CEO of Lokad—the company that is currently working with nChain on the Terab project, which runs rigorous testing to bring Bitcoin Cash blocks up to one terabytes (1Tb), or 7 million transactions per second. Speakers also include Cyber Capital founder Justin Bons, BTC.com core developer Tobias Hoffman, Bitcoin Cash Fund founder and executive director Paul Wasensteiner, among others.

Apart from the discourse, there are also merchandise and BCH airdrops at stake. For those who are interested in learning more, you may RSVP through their Meetup event page. The event covers cryptocurrencies in general, and the group welcomes attendees regardless of what their coin of choice is.

“The program and event are tuned for anyone interested in cryptocurrencies regardless whether you prefer Bitcoin (BTC) or Bitcoin Cash (BCH) or other currencies. Above all, we want to give you the opportunity to learn while being able to relax and socialize with people who are interested in Bitcoin Cash in an amazing setting,” de Vries adds.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.