Bitcoin SV Vision: Episode 24

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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.