Events 13 June 2018Cecille de Jesus
Jimmy Nguyen at the CoinGeek Conference: Bitcoin Cash as the all-in-one coin
Nguyen discusses rapid developments and partnerships that would help Bitcoin Cash ignite the bCommerce world.
nChain CEO Jimmy Nguyen hosted last month’s CoinGeek Conference in Hong Kong. In his opening presentation for the conference, Nguyen reminded the community of its beginnings—the vision of a peer-to-peer electronic cash system that would serve merchants and consumers’ day-to-day purchases. Nguyen also announced that nChain’s software development kit, Nakasendo, is now available to the public.
He discussed the implications of the recent 32 Mb block size upgrade, which would enable over 8 million transactions per second, which brings it up to Paypal’s volume, and tackled plans for Bitcoin Cash blocks to be upgraded further to Gigabyte sizes in the near future, and terabyte sizes later down the line.
“If you’ve heard me, that we at nChain, we like big blocks and we cannot lie,” he quipped.
One of the highlights of Nguyen’s presentation is his case study demonstrating how much merchants would save in transaction fees have they opted for Bitcoin Cash. Comparing fee computations between Bitcoin Core (BTC) and BCH, and pitting them up against Amazon’s 12.78 million online transactions throughout Thanksgiving weekend last year, Nguyen showed the massive cost reduction for merchants using BCH.
To give a better visual of the micro-economy that Bitcoin Cash’s financial inclusion aims to serve, Nguyen also showed a video of his tour of Kimironko, a local market in Kigali, Rwanda where micro-payments are a norm. Walking with him was nChain chief scientist Craig Wright.
Watch Nguyen discuss how BCH will benefit merchants and consumers at its current state, and even bigger implications of recent upgrades to the protocol, like smart contracts capabilities—upgrades would make BCH the “all-in-one coin.”
Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Satoshi Vision (BSV) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BSV is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Events 15 January 2019
Pause Fest official side event ‘The Future of Bitcoin’ tackles how Bitcoin’s next 10 years will play out
To gain more insights into the next decade in Bitcoin and blockchain, join the Pause Fest official side panel event, titled “The Future of Bitcoin,” which will be held on February 7.
Events 14 January 2019
Look into the future of blockchain in 2019 and beyond with Faiā ‘The Great Reset’
New marketing and consulting firm Faiā has organized a night of in-depth talks around the future of blockchain as part of its Singapore launch on February 1. The Great Reset will bring together leaders in the crypto and blockchain space to answer questions like why on-chain scaling must happen sooner than later.
Events 14 January 2019
Over 150 blockchain companies to gather at the Japan Blockchain Conference in Yokohama
After a successful inaugural round in Tokyo last year, the Japan Blockchain Conference (JBC) is making its way to Yokohoma this January—and over 150 cryptocurrency and blockchain companies from around the world have signed up to participate.