Along with scaling capacities, the Bitcoin SV ecosystem continues to grow at a rapid pace. In our weekly post, we provide a summary of some of the past week’s developments from around the world.
We decided to add #BitcoinSV #BSV as an official sponsor. We will push BitcoinSV in our native country (Thailand) in every way we can this year #ADOPTION
eSport and Bitcoin make a natural combination, so a shout-out to hivr for using the opportunity to push adoption in Thailand! Working together across the world, we are bringing the Satoshi Vision to life — to create the world’s new money and the global public ledger for the world’s enterprises.
Founding President, bComm Association
& your friendly BSV Global Ambassador
Considered one of the top Bitcoin wallets because of its strong technical feature set, key developers from the Electrum wallet project (and its spin-off Electron Cash for BCH) have released a BSV version in the form of ElectrumSV. Given that there are already strong BSV mobile wallets, ElectrumSV will focus on being a desktop wallet. Version 1.0.0 is available for download at electrumsv.io, and is provided for free usage under the open-source MIT license. ElectrumSV is supported by the bComm Association and nChain. Read the bComm Association’s official announcement here.
The user-friendly mobile wallet (the one with the easy-to-use $handles) has announced a major update for its Android application. On Twitter, the team shares:
Android 1.3 update for next week:
–Deep wallet (internals) redesign, moving away from SPV.
– Drastic improvements in speed and reliability, fixing all problems when displaying certain transactions
–Drastic reduction of recovery time – from minutes to seconds.
–Payment requests adapted to the new standard “bitcoin:?sv”
–The update will automatically restore your wallet so everything is migrated to the new structure, it will just take a few seconds.
The multi-coin wallet supporting BSV has released its desktop application. In the email announcement, the team explains:
Beside your native Android and iOS support, your coin is included in our latest Desktop release for Windows, Linux, and Mac. (…)
We value the coins in our ecosystem and we want to also share the good news that historical features and more exchange options are coming to the application very soon making it easier for users to interact with your coin.
Exchanges are a useful on-ramp service that enables users to purchase and trade BSV, which they can then use to facilitate transactions on the BSV blockchain that benefit their everyday lives. More than 70 exchanges now list BSV, including some of the biggest global exchange services such as Binance, Bitcoin.de, or ShapeShift.io.
Last week’s new entry is from SideShift.ai. Similar in function to the exchange service ShapeShift.io, SideShift allows users to exchange other cryptocurrencies for BSV, without some of the requirements needed to register for a fiat-to-cryptocurrency exchange.
The Bitcoin developer community is rapidly creating more tools for BSV which help power user-friendly Bitcoin applications. New developments include:
The powerful and easy-to-use tool enabling and backing several other Bitcoin applications, such as Datapay and ECIES, has released an update allowing bigger blocks(such as the record-setting 103MB block mined on BSV on January 3) to be processed even faster:
Our new monitor is now live! We can process the 103 MB block in about 40 seconds instead of 1 hour. In theory we can go up to about ~ 1 GB blocks without user experience being impacted. Do we have any remaining scaling issues? Bring on the next stress test!
A developer tool powering other useful Bitcoin applications; services include a UTXO database, a wallet manager, and a blockchain API. The announcing tweet describes the tool as follows:
BitIndex API is now public for #Bitcoin #SatoshiVision developers.
Build your app faster and spend less time managing UTXOs and Wallets for Bitcoin.
Real-time UTXO database, manage wallets (XPUB suppport) and blockchain API.
Get your API key at http://bitindex.network
A new payment processor option has been added to http://bsvdevs.com
Bitcoin SV Payments for WooCommerce is a Wordpress plugin that allows you to accept payments in Bitcoin SV for physical and digital products at your WooCommerce-powered store.
Applications & Services
The team behind the global freelance marketplace summarized in a tweet the significant progress it has made, in commemoration of the 10th anniversary of the Bitcoin genesis block:
Happy 10 years Bitcoiners!