Bitcoin SV and the return to Genesis
The upcoming Genesis upgrade which promises to take Bitcoin back to its original unbounded design, giving developers, entrepreneurs and users the freedom to focus on how best to use Bitcoin SV.
The upcoming Genesis upgrade which promises to take Bitcoin back to its original unbounded design, giving developers, entrepreneurs and users the freedom to focus on how best to use Bitcoin SV.
Version 0.2.2 is not a required upgrade for the production network; however, users of the Scaling Test Network (STN) will need to upgrade due to the STN reset.
The best and brightest from nChain took the stage in Seoul to tell us how Bitcoin will return to its original vision.
The energy in prospect as Bitcoin SV continues to evolve as a technology, with its important Genesis upgrade just a few months ahead.
This week’s episode of the Bitcoin Vision comes from Siberia, Russia, where Founding President of the Bitcoin Association Jimmy Nguyen was a guest speaker at the recent Baikal Blockchain and Crypto Summit.
Steve Shadders explained to us that Bitcoin is proving its scaling now so business trust isn’t an issue.
Crypto news sites went wild with stories of failing nodes and forks, but the truth was much more boring.
Having already proven it can handle massive amounts of data, the Bitcoin blockchain needed to also prove it could handle more transactions.
Are you a BSV app developer? You’ll need to see this change to OP_RETURN before Genesis hits.
As BSV continues to follow its Roadmap to Genesis, the blockchain time and again shows that the original Bitcoin design was right and didn’t need to be frivolously altered.
The conducted large data upload in Bitcoin SV (BSV) blockchain was not only successful, but it reiterated the fact that on-chain scaling of an order of magnitude larger than anyone thought possible on a blockchain is possible and sustainable.
Not only was the Bitcoin SV Quasar upgrade successful, but several 2GB blocks have already been seen — six in a row, as a matter of fact.