Publication time: February 12, 2021
Source of information: BitcoinAssociation.net /
On February 4th, the Bitcoin Association hosted the first Bitcoin SV online conference in 2021. This conference mainly focused on individuals and companies in Europe, the Middle East, and Africa.
The opening ceremony was held on the first anniversary of the restoration of the Genesis Agreement, and Jimmy Nguyen, the founding chairman of the Bitcoin Association, presided over the evening's activities. This event reviewed the past and also had a bold outlook on the future.
Jimmy said: "In the past two years, we have been committed to the construction of technical infrastructure, including: using expansion to achieve strong performance of the network, building a business ecosystem, and striving for partnerships and opportunities for companies developing on the Bitcoin SV network. As an ecosystem, we are now at a very critical time point. This year, we will continue to work on the ecological construction and promote the increase of transaction volume on the chain."
Nguyen listed some exciting development achievements of the Bitcoin SV ecosystem recently, which also confirm the continuous development and growth of the BSV ecosystem. Not long ago, the cooperation between the Bitcoin Association and Saxion University in the Netherlands became a hot topic. The project has already started a course-"What is Bitcoin?" Why is it so important? "Registration and learning. This course is the first course in this large Bitcoin SV online open course series (MOOC).
Nguyen also introduced three new members of the Bitcoin Association team. Former IBM Java developer and DevSecOps engineer Zhou Quan was appointed as the Bitcoin Association’s first Chinese technology promotion expert; Britevue CEO Connor Murray joined the Bitcoin SV Academy team as a content expert; for many friends in the BSV community Liz Louw is not an unfamiliar face. She left Bitstocks to join the Bitcoin Association and is currently a content marketing expert.
Subsequently, Steve Shadders, the technical director of the Bitcoin SV infrastructure team, had a real-time connection with Nguyen, focusing on the development prospects of Bitcoin SV in terms of technology. The dialogue mainly revolved around the escalation of Genesis and summarized the gains made in the past year.
Jimmy said: "Compared to the Genesis Upgrade itself, the year we have gone through after the upgrade is more exciting. The Genesis Upgrade is a very hard work, and we felt a little nervous when we started to do it. .However, seeing the exciting results achieved along the way (these results are what we are looking forward to), we feel that those tensions are really too much and too disappointing. In the year after the upgrade , We see that many people are exploring the potential value of these new features, which is also very gratifying to us. From the perspective of the Bitcoin SV infrastructure team, the Genesis Upgrade is actually to restore the many features that Bitcoin has lost. It means that we can concentrate our time on network performance and expansion."
Shadders talked about the upgrade of Bitcoin SV node software. The v1.0.7 version increased the ancestry and CPFP limit from 25 to 1,000. He also explained how the launch of a longer chain of unconfirmed transactions will promote the commercial application of Bitcoin SV in a broader dimension. This has always been a hot topic in the field of digital assets. Shadders also said that the news he announced on Twitter that the ancestral restriction was raised became his most engaged tweet in history.
For the digital asset ecology, the improvement of ancestral restrictions is a "big event". In the past, an event took about 25 seconds to be recorded once, but now, a series of events (event sequence) can be recorded within 1 second. Shadders also reminded the participants that the "ceiling" of Bitcoin SV development has only just increased a little, and developers should adjust their thinking to actively respond to such changes.
Shadders said: "We should start thinking ahead now. If this upper limit is raised to 100,000 or even higher, how should we proceed with application development, because this day will definitely come in the near future. When we are on the Internet After fully testing the 1,000 transaction limit, I hope that one day we can completely remove this limit."
Like all the speakers at the Bitcoin SV online conference, the audience can also send their questions during the conference, and Nguyen will throw these questions to the guests at the end of the conference. One of the questions asked: Is the expansion performance of Bitcoin SV large enough to support the central bank digital currency (CBDC)? In response to this question, Shadders made the following answer:
"I think Bitcoin SV should be able to support some medium-sized countries to run central bank digital currencies; I hope that by the end of this year, everyone can have confidence in Teranode's performance. In Teranode, there is no capacity limit."
After Shadders' speech, Michael Hudson, the founder and CEO of Bitstocks, shared some recent attempts and efforts Bitstocks has made in the field of crowdfunding. At the beginning of this year, Bitstocks announced that they would launch a crowdfunding campaign to support the development of its Bitcoin financial ecosystem-Gravity. In the end, it broke through its £500,000 crowdfunding goal in just three days.
Hudson said: "We firmly believe that we are developing this technology for the entire human race, and we also welcome the world to join us. Crowdfunding is not only an ideal way to raise funds, but also a way to popularize Bitcoin SV to the public. Excellent opportunity. Pushing the projects on Bitcoin SV to the world will allow the public to understand why Bitcoin SV can be the platform of choice for fintech startups. For Hudson, the attraction of the Bitcoin SV network is not only in the transparency it provides The reliability and auditability also lie in the "infinity" of Bitcoin SV. And this infinity will bring a steady stream of innovation."
Jimmy Nguyen also introduced the latest member of the Bitcoin Association-Liz Louw. Louw joined the Bitcoin Association as a content marketing expert and will be based in Johannesburg, South Africa. She talked about some of her prospects for her new job, and also shared some thoughts on the existing marketing challenges of Bitcoin SV.
The last guest to be the finale was Adam Kling, CEO of FYX (formerly known as Kronoverse). FYX is a game platform based on blockchain. Kling introduced the development history of Kronoverse and discussed how the services they provide on the Bitcoin SV blockchain fit in with the explosive growth of e-sports. He also stated that now is the best time to apply the benefits of the Bitcoin SV protocol to the game world. The Bitcoin SV blockchain can completely eliminate people's concerns about competitive honesty and game payouts.
In the coming year, one of Kling's work focuses is to promote the output of technology in order to promote the application of this technology in third-party games.
The FYX platform is planned to be officially launched later this year. Before going online, the platform will prepare and warm up the games that will soon be settled. At the same time, it will actively promote its unique functions realized by blockchain technology to maximize the effect of early promotion. Kling demonstrated FYX's flagship game, CryptoFights, on the spot. This game is completely on-chain, and every action or event in the game will be directly recorded in the Bitcoin SV blockchain. More importantly, CryptoFights directly integrates with the Bitcoin SV wallet, allowing players to place bets and collect money in each match. FYX hopes that other developers can see these powerful features and apply them to their game development.
Kling explained: "FYX will change the gameplay of e-sports. It represents the transformation and development of the e-sports field. It can not only create a new source of income for developers, but also raise the level of players' competition to a new level. Our main job now is to put this idea into the market, and then get feedback to match the product with the market."
For details of the event, please refer to:
https://www.youtube.com/watch?v=PKFnaXw2T4M&feature=youtu.be
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.
- Friends who are interested in the development of the Bitcoin blockchain can contact us through private messages on the CSDN site and apply to join the BSV developer exchange group.
- At the same time, you can also scan the QR code below to follow the official WeChat account of the Bitcoin Association- BA Information to learn more about real-time information in the blockchain field.
