Across the globe, there is a lot of development taking place on the Bitcoin SV (BSV) blockchain. The reasons are simple—BSV can offer a more robust solution at transaction prices that are only a fraction of those of any other blockchain, and because BSV is the true and original Bitcoin. As far as development goes, a lot of it is coming out of China and a presentation during the recent CoinGeek Seoul Conference shows exactly why this is happening.
Wang Fuqiang, the co-founder and CEO of BitMesh, took the stage to talk about some of the exciting projects his company is working on. Among these are applications that are directly tied to Metanet, the future of the Internet, which is going to revolutionize how the world views digital data in ways never thought possible with conventional solutions.
For example, BitMesh has developed a way to use the BSV wallet to help create more secure and legitimate data delivery channels. From building a webpage to communicating through email, all forms of digital communication can be protected, as well as, in virtually all cases, monetized. With BitMesh, email spam and hacking become things of the past, allowing nothing more than clean conversations, the way email was originally intended.
BitMesh is also helping to change how applications can be developed for use on Metanet. MetaGlue was recently introduced to facilitate development on BSV that allows solutions to be introduced in days, not weeks or months, and which provide a mechanism for applications based on different computer language structures to interact with one another. There isn’t any other blockchain that can offer something even remotely similar.
Cityonchain.com was in Seoul for the conference, as well, with the company’s chief marketing officer, Ivy Dang, discussing how the platform is evolving. It just introduced version 2.0 and now has 9,000 cities listed, all with the ability to integrate solutions offered by the Money Button, WeatherSV and others.
With conventional Internet applications, such as websites that require credentials to enter, that login action is typically stored in a separate area or controlled by a third party, depending on the website. However, BSV is making it possible for websites to authorize access directly on the blockchain, providing a more secure, efficient solution. This also facilitates secure solutions for RateSV, a company that is developing a platform to allow for the monetization of all Internet data. As the company’s co-founder, He Qiming, said during his CoinGeek Seoul presentation, the lack of a standard payment system is the downfall of the current Internet and RateSV is going to make it possible to monetize all data, prove data ownership and provide a mechanism that can authorize, or restrict, access to destinations on the web. This wouldn’t be possible if not for the power of the BSV blockchain.
There are many more projects coming and, as Lise Li of the Bitcoin Association indicated, some of these are “secret” for now until they’re ready to be released. Chinese developers are helping to shape the future of blockchain use because of a great amount of interest and the majority, as has been the case elsewhere, have turned to BSV as the most practical development platform.
The Genesis protocol upgrade on February 4, 2020 is a monumental step in the history of Bitcoin, and will see BSV returned as close as possible to the original protocol as envisioned by Satoshi Nakamoto. Visit the Genesis Hard Fork page to learn more.
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