BitBoss now using Tokenized protocol on Bitcoin SV

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Crypto gaming company BitBoss has announced it is now processing tokens on the Bitcoin SV (BSV) blockchain, in what has been described as a major milestone for the company.

The implementation means BitBoss users will now be able to send and receive tokens on top of the BSV blockchain, opening up access to the benefits of low transaction costs, fast transaction times and scalability-by-design.

According to a post on Medium, BitBoss has been developing via the Javascript implementation, its own contribution to the open source project behind the Tokenized Protocol.

Justin Laue, chief engineer at BitBoss, said the development will allow users to create and send custom tokens within their BitBoss wallets, for even greater functionality on the platform.

“This is a major milestone with our cryptocurrency wallet technology. We leveraged the BitBoss Keyring libraries to develop our BSV wallet, and now we are able to create and send custom tokens within that wallet. We’d like to extend our thanks for the amazing ongoing support that the Tokenized team has provided us throughout our development cycle.”

BitBoss is a gaming company, providing blockchain solutions for the sports betting and casino sectors. According to the Medium post, BSV tokens will allow the firm to experiment with new products.

The firm likened the functionality to ERC20 tokens on Ethereum, while highlighting the particular benefits of choosing BSV.

They explained, “Similar to how ERC-20 tokens power creative solutions on Ethereum, BitBoss is using Tokenized for similar capabilities on BSV, where it can also leverage the highly scalable network, extremely low transaction fees, and built in double spend prevention functionality.”

While there are limited details available on how BitBoss intends to develop its platform with these tokens in mind, it’s not difficult to imagine possible implementations. In the casino sector, for example, custom tokens could represents different chip values, or could be used to otherwise identify or reward users as they play.

In adopting BSV, BitBoss is the latest blockchain firm to recognize Bitcoin SV as the superior technology, and the only protocol following the vision that Satoshi Nakamoto set out in his original whitepaper.