Applications will need a blockchain with unbounded scalability to establish a new data paradigm that goes beyond payments, tokenization, and smart contracts.
The Blockchain Developer Summit in Nigeria's capital Abuja was a great success. With more than 1500 participants, the event created a big stage for BSV Blockchain among developers, established companies and key figures in the country's economic policy and development.
Bitcoin Association for BSV represented Bitcoin SV at WeAreDevelopers World Congress in Berlin with more than 8000 attendees. The association sparked great interest in Bitcoin SV on an excit-ing market and during an important stage for the BSV ecosystem.
The Bitcoin Association introduced a new Smart Contract Transpiler. The tool allows developers to easily translate code from Ethereum's Solidity language into Bitcoin SV's sCrypt.The latter is a much more scalable blockchain with minimal transaction fees.
The main obstacle encountered during the trial was scalability, which it identified as a potential bottleneck to adoption, according to Riksbank.
Innovation is thriving in Bitcoin SV but Charles Miller predicts that its successes will be by adding to the world we know, rather than by destroying it.