Bitcoin SV Vision: Episode 25

President of the Bitcoin Association Jimmy Nguyen is back with a new episode of the Bitcoin Vision, looking at the latest developments in the BSV ecosystem. In this episode, Nguyen looks at the latest progress in BSV’s journey as it continues to grow towards massive scale adoption, to meet the original whitepaper vision of bitcoin.

CambrianBSV Bootcamp

Many leaders from the development community came together for the CambrianBSV Bootcamp, a week-long intensive program for building on BSV, with a focus on applications generating transactions on the BSV blockchain.

Organized in partnership with the Bitcoin Association, the event took place in the idyllic surroundings of Bali, Indonesia, bringing together top BSV developers from around the world to share their knowledge.

Leading developers spend the week collaborating with and learning from their peers, with representatives from some of the world’s most notable BSV projects in attendance. Throughout the week, workshops from leading developers, as well as live video meetings with academics like nChain’s Dr. Craig Wright, helped the event get off to a flying start.

Nguyen said the Bitcoin Association was delighted to help with the event, and extended the invitation of support to other groups thinking about launching their own BSV bootcamps and events.

2nd BSV Virtual Hackathon

Nguyen discussed the 2nd BSV Virtual Hackathon, ahead of final judging at the CoinGeek Seoul Conference on October 1-2. During the event, the three finalists from the virtual hackathon held in August will be judged by a panel of industry experts plus the CoinGeek Seoul audience, to determine which project ultimately goes on to be declared the winner.

The judging panel for the event will be comprised of nChain CTO Steve Shadders and nChain chief scientist Dr. Craig Wright. They will be joined by Lin Zheming, CEO and founder of Mempool, as well as prolific tech investor and film producer Sam Chi.

Their votes will be combined with a single audience vote to determine which of the projects is the overall winner, and to determine the share of the $35,000 prize fund—payable of course in BSV. 

Ellipal

In a sign of the growing appeal of BSV to crypto users on a mass scale, hardware wallet manufacturer Ellipal announced it has added support for BSV to its leading Titan wallet. A super secure storage system for crypto assets, the wallet allows users to store private keys offline for maximum security, which provides an easy to use interface for a seamless user experience.

According to Ellipal, support for BSV was introduced in response to strong user demand, at a time when more people than ever are choosing BSV as the original and most effective vision of bitcoin.

BitBoss

Ever fancied winning some BSV? Now you can, with BitBoss. BitBoss has introduced the world’s first casino tokens on the tokenized protocol, designed for use in gaming applications.

The tokens mean mobile games can run using BSV or custom casino tokens recorded on the blockchain, with double-sped protection in place to guarantee security. The tokens can initially be used in conjunction with games like lotteries and baccarat, demonstrating the capabilities of the token which could ultimately become a standard in blockchain gaming.

The choice to release on BSV means microtransactions can take place on a low cost, fast settlement basis, allowing for more efficient gaming on the blockchain.

WallStreet5

Notable BSV supporter WallStreet5 is back with another generous donation to furthering the work of the Bitcoin Association and BSV. WallStreet5 previously donated BSV to fund travel costs of developers to attend CoinGeek Toronto, and has repeated the feat with an offer of up 150 BSV in donations to the Bitcoin Association to fund more places at the conference.

Thanks to their generosity, approximately 20 developers, including runners-up for the Hackathon event, will now be able to travel to Seoul for the CoinGeek Conference on an all-expenses paid basis—more than worthy of this episode’s Satoshi Shout-Out.

The CoinGeek Seoul Conference runs from October 1-2. Get 20% off the 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.

Bitcoin SV Vision: Episode 24

The Bitcoin SV (BSV) community has never been busier, with developers, merchants and consumers turning to BSV in increasing numbers. In the latest episode of Bitcoin Vision, founding president of the Bitcoin Association Jimmy Nguyen discussed some of the most exciting developments in the world of BSV, including an important update on the 2nd Bitcoin SV Virtual Hackathon.

Run virtually in August, the Hackathon was organized by blockchain research firm nChain, and sponsored by CoinGeek. The response to the event was overwhelming, with applications from teams spanning no fewer than 35 countries globally.

Of those, Nguyen reported that 18 made it to the finish line with qualifying submissions, which were then filtered by the judging panel to leave the final three.

The theme of the event was “the use of bitcoin,” with teams tasked with developing apps that offer meaningful ways for ordinary people to engage with BSV micropayments.

The first finalist is BitQ&A, a question and answer application that allows users to ask questions and receive answers, incentivized by BSV rewards. Hailed as an effective incentive model for growing knowledge in the BSV community, the app is seen as a potentially valuable resource for BSV developers in future.

The second finalist is Codugh, which allows developers to monetize API calls in BSV. Consumers spend bitcoin when they call APIs, which solves a currently difficult-to-monetize yet crucial development activity.

They are joined by Hive, an app for organizing knowledge through BSV. Hive organizes data into beehive structures by topic, which can be linked to other hives in order to create a more coherent pool of information — akin to structuring the Internet in a more user-friendly way, with the help of BSV.

A rep from each team will be flown to the CoinGeek Seoul Conference 2019, taking place at the Le Meridien Hotel on October 1-2, where the judges will consider and unveil the winning team.

The episode also explores RateSV, a platform which allows users to earn BSV by investing in a real-time financial data channel. Channels can earn through API requests or by hosting ads, with rewards paid in BSV. Version 2.0 is expected to launch this month.

Crypto exchange OKEx, the world’s 12th largest by volume, has announced a daily settlement option for BSV futures, down from the currently once-per-week settlement. Designed to deliver an optimized trading experience, the move comes after a little over seven months of support for BSV.

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.

The Bitcoin Vision: Episode 13

The Bitcoin Vision: Episode 13

The excitement continues this week as Bitcoin SV (BSV) stays on track to its roadmap of massive on-chain scaling towards becoming the world’s new money. Jimmy Nguyen, the Founding President of the Bitcoin Association, is back this week for another episode of The Bitcoin Vision after traveling around the world talking to people about BSV as the CoinGeek Conference approaches.

The week kicked off with Bitcoin Association’s first-ever BSV Hackathon that brought together 19 countries from all over the globe. The Hackathon ran for 48 hours straight from May 4 to May 5. In total, 216 people signed up to participate in the event. From this number, 122 competed as individuals while the other joined to form 42 teams. The theme of the Hackathon was the onboarding problem with the twist, “Onboarding isn’t about just solving things for users to get to BSV; it’s about making life easier to onboarding new developers to BSV as well.”

The preliminary judging of the Hackathon will select shortlisted candidates who will compete in the semi-final competition. From the semi-finals, the three- grand finalists will be chosen. A representative from each group will be flown to Toronto, Canada, to present their solution on May 30 at the CoinGeek scaling conference. A panel of judges, including the live audience, will choose the final winner. Learn more about the BSV Hackathon here.

This week’s Satoshi shout-out goes to BitBoss who recently announced Keyring, a javascript library for creating and signing Bitcoin transactions that allow users to develop wallets for the Bitcoin SV blockchain quickly. One of the library’s features is the support for the larger OP_RETURN size. BitBoss is sharing this new library with the public to help other developers build on the BSV blockchain. The company plans to continue improving the library by using GitHub to track the work and monitor the library closely. The GitHub can be found here.

Meanwhile, a new application called Agora is here to help users understand how best they can use the BSV blockchain. Agora is a prototype Alpha release that allows users to design home page on the blockchain, add and list apps like wallets, social media channels, and even start a business. Agora is working to be the start point for adopters to see how the BSV platform could help their day-to-day lives. Agora will soon be available on-chain on the BSV blockchain.

Blockchain enthusiasts can now explore the Blockchain using 9knodes. 9knodes is a 2D block explorer that provides node statistics in a graph format. Through 9knodes, people can view transaction history and track other activities on the blockchain.

Watch The Bitcoin Vision: Episode 13.

Click here to watch the previous episodes of The Bitcoin Vision here.

The Bitcoin Vision: Episode 12

The Bitcoin Vision: Episode 12

Founding President of the Bitcoin Association Jimmy Nguyen is back this week for another episode of The Bitcoin Vision, this time shot in Amsterdam—a city that supports Bitcoin. It’s the perfect place to bring us the latest developments with the Bitcoin SV ecosystem.

Kicking off the episode is some scaling news. Bitcoin SV, after all, is all about massive, on-chain scaling. Recently, the Bitcoin Association announced that the BSV Scaling Test Network (STN) is now open and ready for business. Enterprises and developers who want to test Bitcoin’s scaling limits for their applications and services can now use the STN, and contribute to the future of the BSV blockchain. Learn more about it here.

LINK, meanwhile, is a new privacy tool created by Twitter user @BitcoinSofia that allows users to store encrypted information, such as an encrypted backup of one’s wallet, on the BSV blockchain. Users upload encrypted data on the BSV blockchain, yet it is unreadable to anyone without the key. The decryption key is never sent to the server. Check out LINK.

Building BSV apps is now much easier, thanks to BitIndex, which has just launched the latest version of its real-time Bitcoin SV API platform built for developers. New features include Webhooks for Bitcoin payments, insight-API compatibility, new JavaScript-SDK and can easily be used in browser or node run-time. Visit BitIndex here.

The number of new businesses that have started accepting BSV continues to grow. The latest merchants to support BSV include Cafetaria De Spoorbrug in the Netherlands; Zumba with Rushka in Port Elizabeth, South Africa; Howzat Sports bar in Makati, Philippines; and Café Aimee in the Netherlands. To check out which merchants near you have integrated BSV support, visit bsvdevs.com and bsvmerchants.com.

This week’s Satoshi shout-out goes to Twitter user @Street5Wall, who has taken the initiative to sponsor BSV developers to attend the CoinGeek Toronto conference’s Developer Day. With support from @SatoshiEngineer, @Street5Wall sponsored 13 developers, by contributing $500 towards costs for each of them to attend the event. This generous way of supporting Bitcoin SV helps the future of Bitcoin grow by helping developers who will build on the original Bitcoin.

Nguyen notes, “In addition to contributing to the cause of developers attending CoinGeek Toronto, WallStreet5 has also donated 100 BSV coins towards the prize pool of the Bitcoin Association’s first ever BSV hackathon. That’s amazing.”

Watch The Bitcoin Vision: Episode 12.

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

The Bitcoin Vision: Episode 9

The Bitcoin Vision: Episode 9

Founding President of the Bitcoin Association Jimmy Nguyen is back on the road again, and this week, he’s updating us on the latest developments in the Bitcoin SV (BSV) ecosystem from Jamaica. The Caribbean island nation was an appropriate place to talk about the Bitcoin Vision, given that Nguyen was in the area for an event called the Visionary Summit, in which he shared the story of BSV, and how it is truly restoring the Satoshi Vision for Bitcoin, with leaders in private enterprise, government and academia.

The BSV ecosystem remains abuzz with the business of scaling. After all, it was only recently that the network saw its record-breaking blocks: On March 28, 113MB block were mined on BSV, followed by the first 128MB block mined by nChain’s BMG Pool two days later on March 30. More big blocks followed, and yet another 128MB block was mined by CoinGeek Mining on March 31.

Ryan X. Charles and the Money Button team get a lot of credit for these record-breaking blocks. The BitPaste app and Money Button allowed Ryan to fill three of these record-setting blocks with high-resolution pictures of San Francisco, uploading transactions using tools already available to the public.

The large block sizes are already big news for the network, but even more so for the miners. The 128MB blocks delivered transaction fees for the successful miner of 1.279 BSV, which is another 10+% of miner revenue on top of the normal 12.5 BSV block reward. Nguyen explains:

“The greater transaction fees that were earned on this big blocks is demonstrating the economics of Satoshi Vision at work. Satoshi always envisioned that as the block reward continually cut in half, miners have to earn more in transaction fees with greater transaction fee volumes to make up for the lost block reward and to continue to have mining state profitable. This is why we need blocks to continually get bigger and bigger to massive sizes so that the blocks can fit larger amounts of data, varied types of transactions such as the file uploads you’ve been seeing, payment transactions of course, smart contracts, tokens, internet of things, device communications management, and a whole array of other types of transactions you can do on BSV.”

Still on the mining news, the BSV network has also welcomed a new mining group—Kpool. The mining pool has quickly contributed significant hash to the network, quickly becoming one of the top three mining groups on BSV. The network is always happy to welcome more mining pools and groups, so if you believe in the Satoshi Vision, come mine on BSV today.

On the applications and services front, a new BSV protocol—D://Protocol—has been added to the BSV/DEVS directory. This dynamic Bitcoin protocol allows users to update content on the BSV chain by using D:// instead of B://. Check it out here.

Another win for Bitcoin SV is the launch of The White Wallet by The White Company. This is the first wallet that lets customers pay for their Amazon, Uber, Steam, and iTunes purchases with BSV. The White Wallet also allows cash withdrawals and use of prepaid Visa and Mastercard in 10 fiat currencies. Learn more about The White Wallet here.

This week’s Satoshi shoutout goes to the Centbee team, which has set a precedent for real BSV adoption in South Africa. Using a digital voucher program and Centbee wallet, users in South Africa can now easily buy Bitcoin SV at many major retailers with fiat, cash or credit card. Currently, there are already 50,000 locations participating, including Pick N Pay, gas stations, malls, liquor stores, and even Absa Bank.

Watch The Bitcoin Vision: Episode 9.

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

The Bitcoin Vision: Episode 8

The Bitcoin Vision: Episode 8

As always, there’s so much happening in the Bitcoin SV (BSV) ecosystem. This week, Founding President of the Bitcoin Association Jimmy Nguyen returns to give us updates on developments with BSV, the rebirth of the original Bitcoin—finally unlocking the true power of Bitcoin’s original design, protocol and vision.

The BSV chain on its mainnet recently hit a milestone by having five consecutive days of daily average block sizes that were larger than that of the Bitcoin Core (BTC) chain and Bitcoin Cash (BCHABC). Due to the increased file size enabled by Money Button applications and Bico.Media, BSV has seen even bigger blocks coming to the chain. On March 28, there’s a 113MB block, which, at the time, was a world record until a day later when the network saw a 128MB block mined on March 29, and then again on the 30th.

The 128MB blocks resulted in transaction fees of 1.27 to 1.30 BSV, showing that sustained big blocks through data sizes are enabling miners to earn more revenues. Nguyen noted, “This is Satoshi Vision at work, proving that Bitcoin SV is on the right path to massive, on-chain scaling.”

Meanwhile, due to clear demand for BSV, more exchanges are listing the coin. Equicex exchange recently added BSV to its over 300 cryptocurrencies and 30,000 trading pairs. Equicex also offers a physical Visa card and a virtual prepaid card, which can be used with BSV.

Cryptofacil has also listed BSV and has four BSV trading pairs. The exchange targets mostly Latin American and Caribbean customer market to provide a reliable, fast and secure platform to trade cryptocurrencies, now including BSV.

For enterprises looking for detailed financial information on BSV, the Intercontinental Exchange, the company behind NASDAQ, has launched a cryptocurrency data feed with BSV among the over 60 covered digital assets. Their real-time feed will provide access to a wide range of information gathered from over 600 leading venues, marketplaces and exchanges across the globe.

“It’s a great sign that Bitcoin SV is being treated as a serious digital asset and growing up and professionalizing,” Nguyen said.

On the development side, Unwriter delivered yet another big one—Bottle, the world’s first Bitcoin browser. Bottle allows users to easily search for and discover anything and everything saved on the BSV chain. For Chrome users, Twitter user @World_Languages has released a Bottle for Chrome extension that works with the browser.

As Nguyen points out, “Bottle is a significant step towards the concept of the Metanet. Soon, Bitcoin will power and subsume the whole internet, and Bottle is a key step into being able to see and search for things in that new reality.”

Since the data size limit in the OP_RETURN field has been lifted on BSV, users have been coming up with creative ways to upload larger files to the blockchain. That process is getting easier thanks to the text and file sharing app Bitpaste.

Meanwhile, Twitter users @wildsatchmo and @AttilaAros have created a new system called Magic Attribute Protocol (AMP). It’s a simple OP_RETURN protocol for linking data in a single Bitcoin transaction, essentially built to chain together other OP_RETURN microprotocols. AMP links data on the BSV blockchain to provide more information and more possibilities for applications. Learn more about it here.

This week’s Satoshi shoutout goes to online service marketplace FiveBucks, which recently announced that it was integrating Cashport. This allows FiveBucks to easily onboard and improve user experience for paying with BSV.

“FiveBucks has been instrumental in demonstrating real-world usage on BSV as cash. Now it’s shown that you can work with other companies in the BSV ecosystem such as HandCash and use each other’s tools and applications to help achieve the Satoshi Vision more globally,” Nguyen said.

Watch The Bitcoin Vision: Episode 8.

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

The Bitcoin Vision: Episode 6

The Bitcoin Vision: Episode 6

A laid back Founding President of the Bitcoin Association Jimmy Nguyen brings us this week’s edition of the Bitcoin Vision. But don’t let his demeanor fool you—the excitement continues to build in the Bitcoin SV (BSV) ecosystem as more developments are being rolled out on the Bitcoin blockchain.

This week, we dig into the latest scaling developments from the Bitcoin SV node team, Bitgraph, the new Python BSV wallet SDK, a developer documentation series from the Money Button team, and the latest Wright Vision from nChain Chief Scientist Dr. Craig Wright.

“It’s amazing to see how rapidly this ecosystem is growing as people around the world collaborate to create the world’s new money and global enterprise blockchain,” Nguyen said.

The big news on the Bitcoin SV Scaling Test Network (STN) is the successful test of continuous 128MB blocks over a period of 36 hours. The rest ran from midday on March 7 to midnight of March 8, producing 246 blocks of 128MB in size. The blocks, according to BSV Node lead developer Daniel Connolly, contained 89 million transactions with an average size of 354 bytes each, which is equivalent to 700 direct cash transactions per second over the entire test period.

These results are on a test network for now, but lay important groundwork for future testing on the BSV mainnet to achieve similar results. 

Meanwhile, recent reporting from Coin.dance showed the steady growth of BSV block sizes since OP_RETURN data size limits were lifted.  BSV daily average block sizes surpassed BCHABC two weeks ago, and are catching up to BTC fast.

Speaking of OP_RETURN, the WhatsOnChain team has been tracking statistics about use of the OP_RETURN field, now that it has an increased data size limit. This means that you can now search OP_RETURN transactions and see what services are using OP_RETURN. Check it out here.

Moving on to Bitcoin applications, Bitcoin developer Unwriter recently introduced Bitgraph, an interactive visual graph explorer for Bitcoin. This tool allows users to navigate the entire Bitcoin transaction graph, all the way back to the genesis block.

There’s also the impressive new Pythonbsv wallet SDK and a general Bitcoin SV library. It’s the latest Bitcoin SV project to be added to the BSV/DEVS directory. It features Python’s fastest available implementation, 100x faster than closest library.

Speaking of BSV developer tools, Ryan X. Charles and the Money Button team. Money Button have created a documentation series that details everything you need to know to build apps on Bitcoin SV, with or without Money Button. The first three they rolled out were on Big Numbers, points, and hash functions–another example of the BSV community’s commitment to support the growth of BSV, and show that Bitcoin SV is the clear choice for enterprise adoption.

For this week’s the Wright Vision, nChain Chief Scientist Dr. Craig Wright wrote about “Profiting from Privacy – Social Media Platforms.” He outlines the problems that sites like Facebook and Reddit have with their outdated business model of selling user data as a monetizing strategy.

Watch The Bitcoin Vision: Episode 6.

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

The Bitcoin Vision: Episode 5

The Bitcoin Vision: Episode 5

Every week is a big week for Bitcoin SV (BSV), the rebirth of the original Bitcoin. This week’s episode of The Bitcoin Vision brings us new updates in the developments of the ecosystem as BSV finally unleashes the true power of Bitcoin’s original design, protocol and Satoshi Vision. As always, there are so many rapid developments happening in the BSV ecosystem—from the Bitcoin SV Node security audit, Bitstagram, Memo SV, GOURL, and the latest with the ElectrumSV wallet.

Late last year, the Bitcoin SV implementation team engaged U.S. security firm Trail of Bits to conduct a security audit of the Bitcoin SV node software. According to the Founding President of the Bitcoin Association Jimmy Nguyen, “We believe this is the first time any Bitcoin node software has been comprehensively reviewed in a security audit.”

There were 15 issues identified, three of which were denial of service-type attacks. These are typically medium risk, but they were given a high-risk rating due to their low security barrier to exploit. It’s worth nothing that the Bitcoin SV team was not responsible for creating those vulnerabilities, but believes the vulnerabilities were inherited from the Bitcoin Core and Bitcoin ABC softwares. The Bitcoin SV team disclosed these vulnerabilities to the Bitcoin Core, Bitcoin Unlimited, Bitcoin ABC and Bitcoin XT teams in January, and patched the vulnerabilities in the February release of the node version 0.1.1. Read more about it here.

Nguyen said the professional approach to network security goes to show that Bitcoin SV is the most reliable option for enterprise adoption.

Speaking of adoption, Twitter user cryptoguzzle recently created a chart showing real world usage on the BSV chain is starting to accelerate since the OP_RETURN data size limit was raised. This is just the start, Nguyen said, as the network is expected to grow even more when enterprises adopt BSV as their new data carrier network.

The chart spiked in part because of the new BSV app, Bitstagram. The world’s first Bitcoin Native photo app, introduced by prolific developer Unwriter, lets you take a photo on your mobile phone and upload to the BSV Blockchain for a tiny fee. Check out what people have been uploading here.

And have you seen the new Memo? The blockchain powered social network and identity system, built entirely on Bitcoin SV, has found a new home at memo.sv. It still has all the same great features it’s always had, but now at an address that fits its BSV blockchain home a bit better.

Many new businesses have been adopting Bitcoin SV as part of their future. Among these is GoURL, a Bitcoin payment gateway and payment processor with over 18,000 registered companies and vendors from all over the world. With GoURL, anyone can monetize their website or sell content created using Bitcoin SV. Check them out at GoURL.io.

Meanwhile, the ElectrumSV team has offered a sneak preview of what’s to come in their future alpha code release. The build, which isn’t ready for prime time just yet, showcased the enormous amount of work being put into one of Bitcoin SV’s flagship wallet projects.

Watch The Bitcoin Vision: Episode 5:

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

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.

The Bitcoin Vision: Episode 3

The Bitcoin Vision: Episode 3

The Bitcoin Vision is back this week—this time coming to you from Melbourne, Australia. The city is home of the Pause Fest, a creativity-infused business event with a side event organized by the Blockchain Centre and Innovation Melbourne. It’s the perfect environment to talk about the explosion of creativity in Bitcoin SV (BSV), the rebirth of the original Bitcoin.

There’s so much creativity going on in the Bitcoin SV ecosystem. First, there was the public launch of the BSV Scaling Test Network (STN), which is designed to be a permanent test network with regular and consistent large volumes of transactions. STN also includes enhancements that the nChain team used to demonstrate sustained 64MB blocks in their own testing. To learn more about STN, visit the Bitcoin Scaling Test Network site.

Now that the OP_RETURN data size limit has been lifted, Bitcoin SV has been seeing an explosion of nonstop development. But what does this mean for businesses?

According to nChain’s Jimmy Nguyen, who is also the Founding President of bComm Association, enterprises can use this potential in many different ways. For instance, businesses can embed contracts with permanency into the blockchain.

He explains, “A business could take a contract and record it permanently in a Bitcoin transaction in the OP_RETURN field so that they could find it later in the event of a dispute with the other contracting party. This will ensure permanency in the contract terms and less disagreement on what the terms were in the contract.”

Meanwhile, this week’s Satoshi shoutout goes out to the team behind one of the first Bitcoin SV block explorers, WhatsonChain.com, which recently added new features related to OP_RETURN such as being able to see the different data types embedded into OP_RETURN fields.

Then there’s also Money Button, which has gone hybrid on-chain; while Cryptofights, a mobile game with a free-to-play model, has announced that it’s moving over to the Bitcoin SV blockchain. And now making easier for BSV enthusiasts to keep track of all the meetups happening around the world, we have the Bitcoin Meetup Network. With this site, anyone running a local meetup can post information about their event. To date, meetups in cities like Brisbane, Sydney and Melbourne in Australia, Toronto in Canada, Haarlem in the Netherlands, Oslo in Norway, Singapore, London, Chicago, Keene, New Hampshire and San Francisco in the United States, and Manila in the Philippines can be found on the Bitcoin Meetup Network. Check it out here.

Finally, we have The Wright Vision, which features Dr. Craig Wright’s recent posts about the new usages of the Bitcoin SV blockchain using nChain’s intellectual property. This week, Dr. Wright wrote about the Internet of Things (IOT). The Medium post, titled Generic Thin Operating Systems for Blockchain IOT Devices, outlines solutions for increasing security and privacy of IOT devices, while at the same time, creating automatic management all by linking them to the BSV blockchain.

Watch The Bitcoin Vision: Episode 3:

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