The bComm Association is making bold claims about the future of the Bitcoin SV network.
An official announcement by the bComm Association, founded by self-proclaimed Bitcoin creator Craig Wright, revealed a new logo for Bitcoin SV, the Bitcoin Cash spinoff that was the result of the massive Bitcoin Cash hard fork debacle that took place earlier this year.
Coinciding with the 10th anniversary of the mining of the first block on the Bitcoin network (also known as the ‘genesis block’) The announcement and the new logo are both a part of an effort to rebrand Bitcoin SV as “the rebirth of the original Bitcoin.”
Bitcoin SV's Effort to Strong-Arm Itself into the Spotlight
Bitcoin SV has been following hard in the footsteps of the original Bitcoin Cash with its attempt to take over as the new Bitcoin, although arguably with a bit less gusto. Shortly after its release, Bitcoin Cash rose to a valuation over $890; Bitcoin SV is currently trading around $90.
This attempted takeover is slightly ironic because of the apparent vitriol between Craig Wright, the leader of the Bitcoin SV movement, and Bitcoin ABC, the team of developers behind the creation of the original Bitcoin Cash.
In late November, both Wright and Bitcoin ABC proposed their own version of a software update for the Bitcoin Cash network. Wright’s version, which eventually became Bitcoin SV, increased block sizes from 32MB to 128MB, amongst a number of other significant changes. The increased block size vastly increases the Bitcoin SV network’s potential to quickly process transactions, which is supposed to make the Bitcoin SV network function like the Bitcoin network was originally supposed to operate--as a network for everyday transactions rather than an investment opportunity.
"We Can Now Finally Celebrate Bitcoin's Rebirth," President of bComm Says
Wright and the bComm Association are now running full speed ahead with their support of Bitcoin SV with extremely bold statements about the network’s future.
Jimmy Nguyen, founding President of bComm Association and a part of nChain, said in an announcement that “after too many years of wasteful diversions from the Satoshi Vision, we can now finally celebrate Bitcoin’s rebirth – unchained from experimental whims of developer teams who veered away from Satoshi’s original plan.”
“The new BSV logo represents this pivotal moment for Bitcoin to grow up. In the spirit of Satoshi Vision, we are especially thrilled that BSV supporters around the world chose this logo after multiple rounds of online polling in a new paradigm of decentralized Marketing,” he continued, urging Bitcoin users to turn to the network and the new logo.
However, Nguyen said that the Bitcoin SV team at nChain wouldn’t go so far as to adopt the Bitcoin SV logo for itself--“the Bitcoin SV Node team at nChain intends to keep its dragon logo for the time being.”
An official announcement by the bComm Association, founded by self-proclaimed Bitcoin creator Craig Wright, revealed a new logo for Bitcoin SV, the Bitcoin Cash spinoff that was the result of the massive Bitcoin Cash hard fork debacle that took place earlier this year.
Coinciding with the 10th anniversary of the mining of the first block on the Bitcoin network (also known as the ‘genesis block’) The announcement and the new logo are both a part of an effort to rebrand Bitcoin SV as “the rebirth of the original Bitcoin.”
Bitcoin SV's Effort to Strong-Arm Itself into the Spotlight
Bitcoin SV has been following hard in the footsteps of the original Bitcoin Cash with its attempt to take over as the new Bitcoin, although arguably with a bit less gusto. Shortly after its release, Bitcoin Cash rose to a valuation over $890; Bitcoin SV is currently trading around $90.
This attempted takeover is slightly ironic because of the apparent vitriol between Craig Wright, the leader of the Bitcoin SV movement, and Bitcoin ABC, the team of developers behind the creation of the original Bitcoin Cash.
In late November, both Wright and Bitcoin ABC proposed their own version of a software update for the Bitcoin Cash network. Wright’s version, which eventually became Bitcoin SV, increased block sizes from 32MB to 128MB, amongst a number of other significant changes. The increased block size vastly increases the Bitcoin SV network’s potential to quickly process transactions, which is supposed to make the Bitcoin SV network function like the Bitcoin network was originally supposed to operate--as a network for everyday transactions rather than an investment opportunity.
"We Can Now Finally Celebrate Bitcoin's Rebirth," President of bComm Says
Wright and the bComm Association are now running full speed ahead with their support of Bitcoin SV with extremely bold statements about the network’s future.
Jimmy Nguyen, founding President of bComm Association and a part of nChain, said in an announcement that “after too many years of wasteful diversions from the Satoshi Vision, we can now finally celebrate Bitcoin’s rebirth – unchained from experimental whims of developer teams who veered away from Satoshi’s original plan.”
“The new BSV logo represents this pivotal moment for Bitcoin to grow up. In the spirit of Satoshi Vision, we are especially thrilled that BSV supporters around the world chose this logo after multiple rounds of online polling in a new paradigm of decentralized Marketing,” he continued, urging Bitcoin users to turn to the network and the new logo.
However, Nguyen said that the Bitcoin SV team at nChain wouldn’t go so far as to adopt the Bitcoin SV logo for itself--“the Bitcoin SV Node team at nChain intends to keep its dragon logo for the time being.”
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
Bitget's Bitcoin Reserve Ratio Soars Over 300% Following Halving
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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Looking to expand your network in #Africa?
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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