Tech 16 August 2018

Erik Gibbs

nChain launches Bitcoin SV full node implementation to fully restore original Bitcoin protocol

There’s some exciting news coming out of nChain today. nChain, the leader in blockchain research and development, is preparing to introduce a new full node implementation for Bitcoin Cash (BCH). The node, aptly named Bitcoin SV, was designed to fulfill the original vision of Satoshi Nakamoto, to which Bitcoin BCH has most closely been linked.

The node was created per a special request by CoinGeek and other Bitcoin BCH miners and is designed to provide a clear option for the miners. It supports the original version of Satoshi’s Bitcoin, which favors methodical implementations of the blockchain over unnecessary changes that don’t enhance the network.

In a press release concerning the new node, nChain Group’s CEO, Jimmy Nguyen, said, “Answering the call of miners, nChain is happy to provide technical capabilities needed to support Bitcoin SV. Once the Bitcoin protocol is fully restored and maintained, global businesses and developers can reliably build robust applications, projects and ventures upon it – just as they reliably build upon the long-stable Internet protocols. The future of Bitcoin is big blocks, big business, and big growth. Bitcoin SV is an important step toward that big future by advancing the professionalization of Bitcoin.”

CoinGeek published an article earlier this week stating that it would use its Bitcoin BCH hash power to only support a Bitcoin BCH protocol consistent with the Satoshi Vision, and Bitcoin SV answers that call.

CoinGeek founder Calvin Ayre explained that his mining enterprise will not support projects that make unnecessary changes to the original protocol, asserting, “Because miners should drive the roadmap in the Bitcoin space, CoinGeek and other miners asked nChain to create a professionally-driven implementation of the Bitcoin full node software (for use on Bitcoin BCH) that restores the original Bitcoin protocol.

CoinGeek is sponsoring the project and intends to mine with Bitcoin SV. We invite other Bitcoin BCH miners to join us in using Bitcoin SV to voice their support for the Satoshi Vision.”

Bitcoin SV is so named to be a constant reminder of what Satoshi had intended with his digital currency white paper. The SV stands for “Satoshi Vision” and the project reflects the core values Satoshi worked hard to implement.

The initial Bitcoin SV will be released for testing by the first week of next month. The code is based on Bitcoin ABC v0.17.1 and introduces several changes that much more closely resemble the original Bitcoin protocol. These include:

1. Restoring more original Satoshi op codes: OP_MUL, OP_LSHIFT, OP_RSHIFT, OP_INVERT

2. Removing the limit of 201 op codes per script

3. Raising the maximum block size to 128 MB

Bitcoin SV will be available on its GitHub repository once its fully ready and it will be distributed through for open-source usage under the MIT License.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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