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Stewards of the BSV blockchain

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Stewards of the BSV blockchain

Murray began the presentation by outlining that its mission is to protect the protocol and empower builders.

Since its inception in 2020, the BSV Association has seen substantial growth and transformation. It is currently engaged in several key various activities, including the launch of BSV blockchain hubs, public outreach, lobbying, education, marketing, and supplying developers with tools, among other endeavours.

Presenting at the recent London Blockchain Conference, Connor Murray (Head of Protocol Stability at BSV Blockchain) and Martin Coxall (Marketing Director at BSV Blockchain) explained how the Association has been granted stewardship of the Bitcoin protocol and is currently working on the implementation of technical means and operational processes to actively steward the system.

Four key pillars of the BSV blockchain

Murray began the presentation by outlining that its mission is to protect the protocol and empower builders. This includes a​ data protocol that is scalable, open to anyone globally, usable for micropayments, and traceable within existing legal structures, he said.

This is further expanded by the Association’s focus on four key pillars:

  • Stability​ – The original Bitcoin protocol has everything needed to sustain a vibrant, scalable network.​
  • Scalability​ – Bigger blocks are needed to support the increased diversity of transactions which businesses want to perform.​
  • Security​ – Deliver unprecedented commitment to quality assurance and professionalised engineering.​
  • Safe Instant Transactions​ – The BSV blockchain roadmap treats safe, instant transactions as a key priority.​

Empowering builders

The second part of the presentation was delivered by Coxall who talked about the Association’s role in empowering builders. He explained that by a narrow definition, builders are people who process transactions on the BSV blockchain – bringing value to the network. He cited the recent example of Vaionex which set a new record for BSV blockchain after it recorded over 85 million transactions in 24 hours. Coxall said that the Association empowers builders by offering several tools and resources including SV Node, Teranode, SPV Wallet, IPv6, mAPI and ElectrumSV.

In time, the Association has evolved to target developers in the BSV blockchain ecosystem and beyond. This includes those building on other chains like Solana and Ethereum, as well as developers who have never built on the blockchain. Recently, it has also been targeting entrepreneurs who don’t write code but have a blockchain business idea, as well as enterprises that want to integrate blockchain technology.

Ryan Brothwell

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