BSV Association is pleased to announce the launch of the new Network Access Rules (NAR) for the BSV Blockchain.
The NAR is the set of rules regulating the relationship between the BSV Association and the nodes on the BSV Network. They are based on the original Bitcoin Protocol rules and those set out in the Bitcoin white paper.
In the Bitcoin white paper, the public was offered the opportunity to obtain up to 20,999,950 electronic coins in the aggregate if they abide by certain rules, including but not limited to the Bitcoin Protocol rules and those set out in the Bitcoin white paper. This offer is known as the Unilateral Contract.
Adhering to the Bitcoin Protocol
Participants in the BSV ecosystem support adherence to the Bitcoin Protocol and seek to maintain the vision in the Bitcoin white paper. It is the responsibility of those persons who conduct network activities on the BSV Network, from time to time, whether individually or collectively (each a Node), to promote and maintain honest and lawful behaviour in line with the Bitcoin white paper’s vision.
Network activities in this instance include collecting, validating, or accepting a block, collecting transactions into a block, attempting to find a proof-of-work for a block, or broadcasting a block.
To achieve this, a common framework with clear standards and practices for nodes is essential. This framework, embodied in the rules, enables legal recourse between nodes if a node has breached the rules.
The rules also enable the Association to take legal and technical actions, such as sending informational messages alerting nodes to breaches of the rules, to support the ecosystem in counteracting unlawful and dishonest behaviour on the network.
The role of the BSV Association
‘Our goal is to exercise all of our rights, powers, and discretions under the rules in a way that promotes the stability of the Bitcoin Protocol over time,’ said Connor Murray, Director of Stewardship at BSV Association.
‘We have therefore published the rules, which are built upon the Unilateral Contract, to offer the nodes and users of the network increased legal certainty, confidence, and security and to protect the long-term growth and success of the network.’
A full copy of the rules and an explanation of the different terminology can be found here.
Disclaimer
The content of this document is provided for informational purposes only and is not intended to modify or supersede the contractual rights or obligations of any party to the Network Access Rules. Parties are encouraged to carefully review the Network Access Rules to verify the accuracy of the information presented here. It is assumed that, where necessary, parties will seek guidance from their legal counsel and any other advisors they consider necessary.