Bitcoin World: Tokyo

Bitcoin World: Tokyo

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Japan is considered to be the leader of the so-called “technological boom,” fueled by the country’s involved in technology for many years. From improved mobile technology to the Internet of Things (IoT) as well as rapid increases in computing power and automation, Japan is the perfect place for innovation with Bitcoin—now reborn as Bitcoin SV (BSV).

In this episode of Bitcoin World, Founding President of the Bitcoin Association Jimmy Nguyen and nChain Chief Scientist Dr. Craig Wright hang out in Tokyo, Japan—the home of tech, finance, and the honorific home of the mysterious Bitcoin creator Satoshi Nakamoto.

“What’s so great about coming to Japan, you’ve got robot shows, super techie toilets, automation everywhere, which I think makes it a perfect place for the Bitcoin blockchain to do some really interesting IoT innovation,” Nguyen pointed out.

To which Wright answered, “And that’s one of the areas we’ve being doing a lot of research on and how we actually securely control and monitor these devices over the blockchain.”

Named for the Satoshi Vision of Satoshi Nakamoto, BSV is dedicated to preserving Bitcoin’s original design. It rests on four pillars: restore the original Bitcoin protocol and keep it stable, allow it to massively scale, while keeping security paramount, and finally, support safe instant transactions for merchants. Recently, the BSV node development team caught three medium severity vulnerabilities in the BSV software. The vulnerabilities, which were likely inherited from the Bitcoin Core (BTC) software and the Bitcoin ABC implementation of Bitcoin Cash (BCHABC), have been fixed in the version 0.1.1 of Bitcoin SV node.

The practice is part, and further proof, of BSV’s aim to be a more grown up and professional cryptocurrency and blockchain, bringing about one global currency that will be used by all people around the world.

“Global adoption, big enterprise usage, so that everyone on the streets that don’t know anything about Bitcoin one day will actually use it, and that’s what we need, the common person,” Nguyen said.

“This is really why Bitcoin is so important. Bitcoin SV is really about making sure that we have the open, honest version of Bitcoin that moms, dads, everyone’s going to want to have… we want the Bitcoin that you use every day,” Wright added.

New to blockchain? Check out CoinGeek’s Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.