Publication time: August 11, 2020
Source: BitcoinAssociation.net / CoinGeek.com
Fundstrat Global Advisors, a market research company co-founded by the well-known Wall Street strategist Thomas Lee, released another report on Bitcoin SV. Following the first two reports, this latest report focuses on the analysis of the "laser-level focus" of the Bitcoin SV ecosystem, that is, building enterprise-level data processing and business practical examples. The report elaborated on the profile of 11 companies in the field and recognized Bitcoin SV's "unique vision"-to create a better Internet, allowing data and value to seamlessly interact with Bitcoin micropayments.
Fundstrat provided its clients with a comprehensive report entitled "Special Report on Cryptocurrencies : BSV-Commercial Practical Examples of the Bitcoin SV Blockchain" two weeks ago , and released a public summary of the report this week.
The Bitcoin SV ecosystem continues to grow, and currently has more than 320 known companies and services. The report highlights the different ways of using blockchain in eleven companies, and carefully considers Bitcoin SV's more ambitious vision for Bitcoin, which can benefit companies in ways previously unknown to investors. The report also introduced nChain and TAAL distributed information technology company (Canadian Stock Exchange ticker: TAAL| Frankfurt Stock Exchange ticker: 9SQ1| OTC ticker: TAALF), showing the development and infrastructure behind the BSV ecosystem Support level.
The summary on the front page of the report emphasizes that BSV provides opportunities for brand-new business models, solves payment frictions, and redesigns the trust model, thereby "promoting the next evolution of Internet commerce." However, Bitcoin SV's "unique vision and differentiated blockchain technology approach" and Metanet's vision are the key. Metanet provides users with a brand new and more commercialized Internet. All users' online activities will be monetized, realizing real micropayments, and storing personal and business data safely. This will unlock new applications and make innovations in Internet business models possible.
The report also said that Bitcoin SV's expansion goal is not just an empty promise, but is supported by real network data. Statistics also show that the BSV network can sometimes maintain transaction processing fees at a low level of 1/100 cents. Stress tests have proved that BSV can handle very large blocks containing up to 1.3 million individual transactions without hindrance-of course This is a huge block under the current blockchain standard.
The “final summary” of the report stated that BSV “has entered the implementation phase from the conception stage” and that application deployment has been completed. In other words, in order for others to notice the potential of Bitcoin SV, there must be more and more proof of concept and ever-increasing corporate appeal.
BSV is built on the "four pillars"-namely stability, scalability, security and secure instant transactions. The promise of not changing any basic protocol rules creates a more stable platform for application developers, and the public ledger makes transaction history auditable and verifiable, thereby enhancing honesty.
Bitcoin SV case study: using blockchain in a whole new way
In addition to nChain and TAAL, Fundstrat also introduced 9 other companies that build applications on the Bitcoin blockchain. These companies are exploring the most beneficial ways of using them. They are: HER Data (medical); UNISOT (supply chain management); MetaStreme (big data, Internet of Things); BitBoss (gaming/gaming); Kronoverse (online games, e-sports); Maxthon (browser); TonicPow (marketing) Marketing); Codugh (development); and Bayesian Group (financial technology/investment).
These companies use their own business models to highlight different aspects of Bitcoin SV to benefit their businesses. Some companies need to pay quickly, while others focus mainly on data storage, and some companies use micropayments to pay users and create new ways to make money for these users.
When analyzing nChain and TAAL, the report carefully considered the professional support level behind BSV. nChain is R&D support, while TAAL provides infrastructure and hardware support. The goals of these two companies are obvious. They are not composed of loose organizations and fickle developers, but composed and supported by teams with solid experience and skilled skills in their respective fields.
Thomas Lee, Managing Partner and Head of Research of Fundstrat, delivered a keynote speech at the CoinGeek London conference in February 2020. Since then, despite the deteriorating global economic situation, many companies attending meetings with him have expanded their projects and further advanced their development plans.
The Bitcoin protocol in the form of Bitcoin SV can become the world's data infrastructure. This may be new to most people, but this grand vision also brings a lot of new opportunities that are rare in technology. As the Bitcoin SV network and commercial applications become larger and larger, developers, companies, and investors have the opportunity to join the ranks of Bitcoin at this early stage in order to obtain greater returns in the future.
Currently, more than 400 projects worldwide are built on the Bitcoin SV blockchain. With rock-solid agreements and declining transaction fees, the Bitcoin SV ecosystem has developed rapidly, and we look forward to more unprecedented commercial applications in the future.