CoinGeek Conference hashes out Bitcoin Cash's vital role in eCommerce

CoinGeek Conference hashes out Bitcoin Cash’s vital role in eCommerce

Bitcoin Cash (BCH) is one of the best-performing cryptocurrencies on the market today. Its rapid transaction times, on-chain scaling and low transaction fees make it the prime candidate to be used in the retail sphere, and the eCommerce industry is poised to reap huge rewards for its integration as a payment option. The inaugural CoinGeek conference on May 18 is the perfect event merchants and business leaders to come together and learn why BCH plays such a vital role in retail, and where it’s headed.

Jimmy Nguyen, CEO of nChain, one of the influential tech groups leading the development of Bitcoin BCH, said it best when he said that BCH shouldn’t be perceived as anti-bank or anti-establishment.  Just the opposite, BCH is designed to be a true digital payment system that is capable of being used by all industries—banks, payment services, technology-based and even entertainment.  It is the one cryptocurrency that offers the most versatility and reliability to all industries.

The CoinGeek conference, which will be held at Hong Kong’s Four Seasons hotel, is an exciting one-day conference highlighted by important discussions with some of the greatest minds in the cryptocurrency world today. Nguyen will be there to talk about BCH in retail, as will Bitcoin.com owner Roger Ver, nChain Chief Scientist Dr. Craig Wright, Bitmain co-founder Jihan Wu and many others. They’re all coming together to offer their expertise on the changing world of cryptocurrency in eCommerce, and why BCH is taking the lead.

The day kicks off at 8 a.m. with an informal meet-and-greet, the perfect opportunity to mingle with business leaders from around the world and to expand alliances. The series of seminars will wrap up before 6 p.m., leaving attendees with an incredible amount of information and a fun-filled day to remember.

After the conference, attendees can enjoy an after party hosted by CoinGeek founder and cryptocurrency entrepreneur Calvin Ayre. There are only about two weeks remaining before the conference, and reservations are required. Attendees who pay with BCH will receive 50% the regular admission price. Register today and join fellow business leaders, entrepreneurs and visionaries at this year’s one cryptocurrency conference that can truly make a difference.

Find out how you can integrate blockchain into your business by registering for the CoinGeek.com conference today.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
London Bitcoin Cash (BCH) Conference 2018 recap

London Bitcoin Cash (BCH) Conference 2018 recap

The London BCH Conference took place on the eve of April 25th at the IDEALondon, a trendy venue in the heart of the city. From 6pm until 10pm, dozens of excited BCH enthusiasts, users, merchants and other professionals came together to network, learn and nurture the local BCH community.

“The energy is amazing!” Alex Fauvel of Cyber Capital told CoinGeek.com.

“I came to the first Bitcoin Cash Meetup in London I think in November, just after the fork- about 30 people in a small pub- and its grown to be an actual conference with proper speakers which is fantastic to see that growth rate in such a short period of time,” he said.

Six speakers made up the conference agenda with four short presentations and one panel discussion, with networking breaks before, during and after.

The conference sessions were dedicated to growing the BCH ecosystem, including topics such as economics of crypto currencies, the importance of and how to generate merchant adoption, why BCH is the original Bitcoin, how BCH is being used for charity, regulatory challenges and more.

Fauvel, Cyber Capital’s Fundamental Analyst, spoke on the economy of cryptocurrency networks and after five years of research on cryptocurrencies, he has decided to stand behind BCH.

“When I first discovered crypto currencies in 2013, like everyone, I fell in love with Bitcoin and then it broke my heart and Ethereum was all the rage”, Fauvel shared.

“Something never really sat quite right with Ethereum to me, that’s probably partly because it was supposed to be built on Bitcoin. And then Bitcoin Cash happened,” he said.

“And to be honest, before the fork, I didn’t think a minority fork could survive, but then my understanding of the incentive mechanisms that drive miners to continue to mine developed, so that I realized they are not hostile. If they are hostile, the whole thing breaks down. But because [miners] are part of the system, they are never going to be hostile,” he added.

Ricardo Sancho, co-founder at Cryptartica, the company behind the conference’s organization and online shop selling BCH-branded merchandise for BCH, delivered a presentation on the importance of merchant adoption.

“I think that one of the most important things is to get both users and merchants on board. I think that at the end of the day the price is not the most important factor. I think its actually getting those merchants who have options for the users to spend and having the users actually wanting to spend that money,” he said.

“Making the money move around is what actually creates an economy and that’s what will actually get BCH off the ground and into a real cryptocurrency that can be used by everyone in the world,” he added.

The importance of education on Bitcoin Cash and how the technology behind it can improve our world was another popular topic of discussion throughout the conference.

“People tend to forget that one of the most important things is actually to educate people. They will not learn and they will not find out about Bitcoin Cash or any other cryptocurrency unless we put in that effort,” Sancho said.

“And it has to be us enthusiasts—us the first Bitcoin Cash users—to actually do that work, to go out there and educate people. Then let them find out by themselves how great this technology can be,” he said.

In addition to bringing the general public up to speed, regulators around the world must be educated on cryptocurrencies and blockchain otherwise we’ll start to see more and more clampdowns due to misunderstanding.

Panelist Mohit Lalvani is from India and after working in the crypto industry for six years, the Reserve Bank of India (RBI) decided to prohibit any association with crytpocurrencies. Being an RBI-regulated Payment System Operator in the crypto space, Lalvani’s plans have been disrupted, to say the least.

“So clearly what’s happened is there is a lack of education and I believe its actually down to incompetence. These guys are completely incompetent to understand how crypto currencies work,” Lalvani told CoinGeek.com.

“They come from a Central Bank mindset where they print money and clearly [crypto currencies are] something that they just don’t understand. And so I think that’s very important for the whole world and regulators across the world to start understanding how this technology works,” he added.

According to Lalvani, its all down to education and its up to us as an industry to invite regulators and government officials to our events so they can learn about all the wonderful ways BCH and its blockchain can improve daily life, globally.

One of the highlights from the evening was James Howells’ presentation on why BCH is the true Bitcoin and the story behind his loss of a hard drive containing 7,500 Bitcoins (!!!) from his mining days back in 2009. Since Howells has been involved from the very beginning, his perspective on the progression of Bitcoin (and other cryptocurrencies) over the past nine years is crystal clear.

“In terms of technology, we have gone backwards, not forwards,” Howells told CoinGeek.com.

“The Bitcoin Cash chain represents the version of Bitcoin that I used to use in the old days. In the end of 2017—everybody knows about the price increase—but at the same time, [BTC] fees were increasing rapidly. In the past week, the Bitcoin Cash network has experienced its own spike in price, the different being when Bitcoin Cash spikes in price, the fees don’t spike with it. That is the real Bitcoin that I used back in 2009 and is the real Bitcoin that many other early adopters have also backed and use,” Howells said.

In an effort to help move technology forward again and to “re-build” the ecosystem, Howells has Founded “MiniPOS”, a piece of hardware allowing merchants to accept BCH in-store.

“MiniPOS basically started as an open source project between myself and three developers on Slack. We came across this software and we now refined it into an actual product which can be purchased by merchants in order to accept BCH in-store for goods and services with checkout times in 10 seconds or less,” he explained.

“There are absolutely zero private keys held on this device so there’s no chance of losing any funds by using this device. The actual store owners can leave the store, they can leave the cashier in charge and be safe in the knowledge that the funds that they have received will not be stolen,” he added.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
CoinGeek Conference highlights why Bitcoin Cash is cash

CoinGeek Conference highlights why Bitcoin Cash is cash

For cryptocurrencies to be successful over the long-term, they need to be versatile and fungible. Bitcoin Cash (BCH) has already proven to be both, and will set the bar for how the eCommerce industry accepts digital currency going forward. For anyone in the eCommerce or retail space, the inaugural CoinGeek conference will be the definitive spot to learn why BCH has become so important, as well as to network with other professionals.

Dr. Craig Wright, chief scientist of nChain, one of the influential tech groups leading the development of Bitcoin Cash, expressed it best when he said, “Bitcoin is powerful right now.” The digital currency is quickly becoming a main alternative payment option in the eCommerce realm as more retailers embrace it every day. Wright will be one of many cryptocurrency leaders present for the one-day conference.

Joannes Vermorel, another leading blockchain authority and founder of the blockchain supply chain software company Lokad, will also participate in the conference. As an early adopter of BCH payments, Vermorel will be on hand to discuss how businesses can overcome hurdles with BCH.

Lorien Gamaroff, who founded the popular BCH wallet Centbee, once said, “What I like about BCH is that it’s reminding us that this was always meant to be cash. And cash needs to be able to be spent.”  The CoinGeek Conference is the perfect spot to learn how easy it is to exchange BCH for cash and accept it in any eCommerce environment. Join Gamaroff and the many merchants, visionaries and investors for the one-day event.

The inaugural CoinGeek Conference will be held on May 18 at the Four Seasons hotel in Hong Kong. Registration starts at 8 a.m., followed by a series of seminars on a wide range of important cryptocurrency topics that will help the community to grow and receive greater attention. The presentations are all being designed by the best names in the crypto space, and no single event can provide the wealth of knowledge and vision like the CoinGeek conference will.

Bitcoin.com CEO Roger Ver will be on hand, discussing BCH adoption around the globe. As he so aptly put it in a recent discussion, “BCH is building all the tools to make it useful as cash for the entire world.  And that’s why we are seeing merchant uptake around the world.”

Apart from the impact that BCH has, and will have, on the eCommerce industry, it is part of a movement that has brought about the innovation surrounding FinTech 2.0. Going forward, merchants are going to be the drivers of the entire ecosystem. As BCH continues to attract greater interest, eCommerce could very well soon be called “bCommerce” (Bitcoin Commerce).

Following the conference, there will be an after-party hosted by CoinGeek’s founder and cryptocurrency entrepreneur Calvin Ayre. Only a few weeks remain before the event, and space is limited. Don’t wait to make your reservation—pay today with BCH and get 50% the regular entry price.

Find out how you can integrate blockchain into your business by registering for the CoinGeek.com conference today.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Dr. Craig Wright: Inclusion is the real purpose of tokenization

Dr. Craig Wright: Inclusion is the real purpose of tokenization

Created to solve real world needs, blockchain’s goal has been to bring equality and inclusion—and then consumerism came into the picture.

In his speech at the recently held TOKEN2049 event in Hong Kong, Dr. Craig Wright pointed out how HODLing became the new form of hoarding. According to the nChain chief scientist, a huge number of blockchain and cryptocurrency startups have been taking advantage of the hype and value spikes caused by HODLers.

“HODLing is probably the most despicable, evil thing to do with Bitcoin. It is not saving, it is hoarding. Bitcoin is a payment system. It is cash. It is to be used to help people spend money,” he said. “People can actually spend and use, not hoard so that in ten years, they can go, ‘look! I’ve got more of something than I can hold.’”

Contrary to what ICOs would have you believe, Wright said tokenization is supposed to be a medium through which the world can create an “on-demand economy,” essentially an Uber for everything that you need—even luxury items. Tokenization, he explained, should be used for the efficient, high-speed production of supplies made on demand with a traceable and verifiable supply chain on the blockchain.

“Everything that is common now used to be a luxury—toilets were a luxury 100 years ago. Victorian England—if you had a flush toilet, you were rich. Now no one would buy a house in the West without a toilet,” Wright said.

If done right, tokenization could herald a new revolution that would open the floodgates to inclusion and global interaction.

“This is a world that is becoming more and more global—that is a good thing,” Wright said. “As we start trading with people, we start building relationships and having to understand them.”

Watch Dr. Craig Wright’s speech at TOKEN2049 here:

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
CoinGeek Conference highlights Bitcoin Cash future in a bCommerce world

CoinGeek Conference highlights Bitcoin Cash future in a bCommerce world

The first ever CoinGeek conference will take place on May 18 at the Four Seasons Hong Kong. The one-day event is this year’s greatest opportunity to mix with the visionaries, experts and merchants in the cryptocurrency sphere to learn how Bitcoin Cash (BCH) is molding tomorrow’s eCommerce market. The industry’s most prominent names, including Bitcoin.com owner Roger Ver, nChain Chief Scientist Dr. Craig Wright and nChain CEO Jimmy Nguyen, will be on hand to provide their insights on the changing eCommerce landscape. The day will be filled with exciting seminars on a variety of topics that will help decision makers create new alliances and broaden their reach to increase integration of BCH across the retail industry.

The eCommerce industry still relies greatly on traditional electronic payment processors such as VISA or MasterCard. The introduction of cryptocurrency has revolutionized the online retail market—heralding the age of bCommerce (Bitcoin commerce). But what merchants need is greater adoption of digital currency payment solutions, preferably Bitcoin BCH, which offers much lower processing fees than paid to credit card issuers. With Bitcoin BCH, payments are confirmed almost immediately on the blockchain and chargebacks are virtually eliminated, thus increasing a merchant’s bottom line.

Bitcoin Cash fulfills the promise of Bitcoin to be the first peer-to-peer electronic cash. Merchants and users enjoy low fees and reliable, fast confirmations. Bitcoin BCH offers easy global adoption, unparalleled innovation, unrestricted growth and truly decentralized development, keeping with the vision of the Satoshi Nakamoto white paper.

The event delves into a variety of subjects, offering seminars led by some of cryptocurrency’s expert minds. Better wallets and payment solutions, merchant use cases, regulations and FinTech advancements are just a few of the topics that will be discussed. Be sure to check out the entire agenda to see why this is such an important event.

The CoinGeek conference, which is also hosting an after-party courtesy of CoinGeek.com owner and entrepreneur Calvin Ayre, is shaping up to be a game changer in merchant adoption and education in the benefits of Bitcoin BCH. Attendees who pay with BCH will receive a 50% discount off the regular price. Time is running out to register and space is limited. Sign up today and join fellow business leaders, entrepreneurs and visionaries at the one cryptocurrency conference that can make a difference.

Find out how you can integrate blockchain into your business by registering for the CoinGeek.com conference today.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Countdown begins for inaugural CoinGeek Conference in Hong Kong

Countdown begins for inaugural CoinGeek Conference in Hong Kong

The past couple of weeks have seen some incredibly positive movement in the cryptocurrency world, and Bitcoin Cash’s (BCH) value has almost doubled in this time. The increase, anticipated by many, shows the importance of the cryptocurrency to the industry and lends additional credence to the belief that BCH is the true remaining Bitcoin as envisioned by the Satoshi Nakamoto white paper. There are many reasons that have contributed to the rise in Bitcoin BCH value, and CoinGeek’s upcoming conference is the perfect venue to learn more about the cryptocurrency, as well as learn about how important it is for the future of eCommerce.

The conference will be held on May 18 at the Four Seasons hotel in Hong Kong. The one-day event will bring together the best of the cryptocurrency world and will provide a wealth of knowledge to merchants, enthusiasts and investors. Not only is it the place to be to learn about the future of BCH, but it is also the perfect location to network, create new alliances and to possibly expand business operations.

Some of the speakers that will be providing their cryptocurrency expertise include Bitcoin.com owner Roger Ver, nChain chief scientist Dr. Craig Wright and nChain CEO Jimmy Nguyen. The informative event will also see participation by Ryan X. Charles, co-founder and CEO of Yours.org, and SBI’s Chief Strategy Officer Jerry Chan, among others. Never have so many great cryptocurrency minds been brought together under one roof, and 2018 is shaping up to be the year that BCH pushes ahead. This conference is one you don’t want to miss!

With its lower fees, faster transactions and global acceptance, Bitcoin BCH is poised to completely change the cryptocurrency landscape. The CoinGeek Conference is poised to be a game-changer for merchant adoption and BCH education, with a great number of eCommerce specialists already signed up to attend.

There is limited attendance availability for this unique, industry-leading conference, and there aren’t many tickets remaining. An after-party courtesy of CoinGeek owner Calvin Ayre will follow the CoinGeek Conference. For anyone in the game, or looking to get involved, investing in this event can have incredibly lucrative rewards.

Registration for the conference is now open with a 50% discount for those paying in BCH, but credit card payments are also welcome.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
'First of a kind' CoinGeek Conference joins dots between Bitcoin BCH

‘First of a kind’ CoinGeek Conference joins dots between Bitcoin BCH, bCommerce

The date for the inaugural CoinGeek Conference is fast approaching, and Jimmy Nguyen, CEO of the nChain Group—one of the influential tech groups leading the development of Bitcoin Cash (BCH)—will be on hand at the event to kick things off with a discussion why eCommerce is poised to become BCommerce (Bitcoin commerce).

Bitcoin Cash has been making waves since it was introduced in August 2017, and not just as an investment mechanism, but as a legitimate payment option with fast transactions, extremely low fees and reliability. To keep things moving forward, it’s time for the development of better merchant solutions, better cryptocurrency wallets and better technology. These are just some of the topics that will be addressed by the best cryptocurrency minds at the inaugural CoinGeek Conference.

In addition to being a place to learn about the evolving world of BCH and eCommerce, the one-day conference is also the ideal location to network with others in the industry, find new partners and help to drive business. In Nguyen’s words, “the biggest and brightest minds” will be on hand, including Bitcoin.com owner Roger Ver, Bitmain CEO Jihan Wu and nChain Chief Scientist Dr. Craig Wright, along with an extensive list of other crypto and technical experts.

Some of the topics to be discussed include Bitcoin BCH technical visions, how to overcome technical hurdles and the growth of BCH adoption around the world. This is certainly gearing up to be an incredible conference with a lot of fun events, an exceptional after party and the “most fun you will ever have in Bitcoin.”

This inaugural CoinGeek conference will be held at the Four Seasons Hotel in the heart of Hong Kong’s central district. Twelve different sessions are scheduled for the conference, followed by an after-party courtesy of Calvin Ayre, founder and owner of CoinGeek.com, who said “Bitcoin Cash is a movement.” The incredible event will be an eye-opener for merchant adoption and BCH education, and is the one cryptocurrency conference worth attending this year.

Space for the exclusive event is limited and advanced ticket purchase is required. Don’t wait—find out how you can integrate blockchain into your business by registering for the CoinGeek.com Conference today.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Yours.org co-founder Ryan X. Charles takes part in CoinGeek Conference

Yours.org co-founder Ryan X. Charles takes part in CoinGeek Conference

Ryan X. Charles, the cryptocurrency engineer who founded Yours.org, will be on hand at the inaugural CoinGeek Conference on May 18. The conference will bring together the best and brightest in the cryptocurrency industry, and is the perfect venue to learn about Bitcoin Cash (BCH) and the evolution of cryptocurrency. Charles will be providing a presentation on “Making Bitcoin Cash Mainstream,” designed to provide an overview on how to incorporate BCH payments in a retail environment.

Charles studied astrophysics at Washington University. He began working for BitPay in 2014 as a software engineer in Atlanta before being bumped to lead developer in the company’s San Francisco office. He was also a teacher at the Blockchain University in San Francisco, traveling around the globe educating companies on blockchains and cryptocurrencies.

In August 2015, Charles launched Yours.org with co-founder Clemens Ley. The company works “to improve the quality of content on the internet by getting people paid for creating and discovering good content.” Yours.org’s mission is to provide a peer-to-peer payment system that rewards authors for their content, eventually weeding out clickbait, fake news and spam.

The first-ever CoinGeek Conference is designed to give attendees a unique perspective on BCH. Merchants, visionaries and investors will all be present, providing an array of presentations and panel discussions on the importance of BCH in the retail and eCommerce environments. The conference will be held from 8 a.m. to 6 p.m. at the Four Seasons Hong Kong. An after party, hosted by cryptocurrency investor and Antiguan entrepreneur Calvin Ayre, will be held beginning at 9 p.m. following the conference.

In addition to Charles, the conference will see participation by other prominent cryptocurrency figures, such as Jimmy Nguyen, Roger Ver and Dr. Craig Wright. For anyone in the crypto industry, the CoinGeek Conference is a must-attend event this year.

Registration for the conference is now open with a 50% discount for those paying in BCH, but credit card payments are also welcome.

Note: Tokens in the SegWit chain are referred to as SegWit-Coin BTC (inaccurately called Bitcoin Legacy or Core by many) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
It's happening: CoinGeek inaugural conference all set for May 18

It’s happening: CoinGeek inaugural conference all set for May 18

The first-ever CoinGeek Conference is only a little more than a month away, and space is filling up quickly. The event will be a first for the industry, bringing together some of the greatest cryptocurrency minds to provide insight on how Bitcoin, specifically Bitcoin Cash, is shaping the future of digital currencies. A combination of merchants, investors and cryptocurrency visionaries will be on hand to discuss how BCH is poised to enable the next generation of eCommerce activity.

With presentations provided by some of the greatest talent in the industry, such as nChain CEO Jimmy Nguyen, Bitcoin.com owner Roger Ver and nChain Chief Scientist Dr. Craig Wright, the conference is a must for anyone in the eCommerce industry. BCH, with its wider user base and cheaper transaction fees, is quickly becoming the go-to digital currency around the globe, and its reputation continues to gain momentum. This is a great opportunity to not only catch up on the advances of the digital currency, but also to network with retail operators from around the world.

The one-day conference will cover a lot of ground in a short time. Topics such as “New Products, Opportunities and Challenges for Using Bitcoin,” “Bitcoin’s Atomic Age” and “A Roadmap from FinTech 1.5 to FinTech 2.0” are just a sampling of the important topics that will be covered. The final topic of the day, “Accepting Bitcoin Payments,” will show eCommerce entrepreneurs and seasoned professionals how easy it is to integrate a digital currency solution, and why now is the best time to do so.

This inaugural conference will be held at the luxurious Four Seasons Hotel Hong Kong. Located in the heart of Hong Kong’s central district, the Four Seasons offers amazing views of Victoria Harbor and is only minutes away from a lavish shopping spree or a great night out at world-class restaurants and clubs. There are two styles of guest room – Western contemporary, with silk-paneled walls and marble-floored entry foyers, and rooms with a traditional Chinese influence, featuring sculpted furnishings and gold leaf. Forbes Travel Guide awarded the hotel a five-star rating, one of only three hotels in the world to achieve this rating.

Twelve different sessions will be held throughout the day followed by an after-party courtesy of Calvin Ayre, founder and owner of CoinGeek.com.  In his own words, “Bitcoin Cash is more than a company; it’s a movement.” The event is poised to be a game-changer for merchant adoption and BCH education. BCH represents the truest definition of the “Satoshi vision,” offering faster transaction speeds, larger block sizes and lower fees.

Registration for the conference is now open with a 50% discount for those paying in Bitcoin Cash, but credit card payments are also welcome.

Deconomy 2018 - Day 2 Summary

Deconomy 2018 day 2 summary

Cryptocurrency exchange Bithumb kicked off the second day of the Deconomy 2018 with an overview of South Korea’s growing cryptocurrency market, considered to be the largest in the world. Bithumb Vice President Jung-a Lee took the stage and gave a rundown on the growth the company has experienced in the past six months.

With trading volume reaching a daily record high at KRW3.2 trillion and a current market share of 40-55%, Bithumb shared security measures for the overheating market. In the wake of the latest cryptocurrency cyber-attack in Japan, Coingeek.com spoke to Sangyup Lee, Bithumb’s head of PR, on how the company can prevent this from happening in South Korea.

“We also have experienced some security issues last November, but we have made a lot of improvements in our security system, so we now have some security software which ensures people that their accounts are safe and also convenient to trade,” Lee said.

The highlight of Deconomy 2018’s Day 2 focused on the decentralized platform and shared global infrastructure, Ethereum. Research scientist Vlad Zamfir started the segment speaking about blockchain governance. He stated that there is no need to rush legitimizing blockhain governance nor choose a solution that is convenient to empower certain stakeholders over others as this may result in negative consequences down the line.

“We need to be careful not to just quickly legitimize everything because we’re anxious we don’t have clear governance processes,” Zamfir said. He also added, on the contrary, that the community needs to be mindful that if they don’t legitimize anything then they won’t have any governance process either.

He recommended to have a public conversation and build legitimacy on blockhain governance. “If we don’t have legitimate blockchain processes, someone else might govern for us,” Zamfir concluded.

Zamfir later joined an Ethereum research scientists panel led by Vitalik Buterin. Moderated by Joseph Poon, the group discussed the importance of scaling and opened up about the challenges around it.

“One of the greatest barriers to this space’s growth in a more productive way is the dissemination of the information that will allow people to evaluate and validate these protocols themselves,” said research scientist Karl Floresch.

Buterin closed the day with an “Ethereum vision” speech, which focused blockchain’s potential and efficiency. “The point of all these is that there is a large set of designs that we could choose from if we want blockchains that are more efficient,” he explained. He added that the community can use a combination of on-scale improvement like sharding and plasma, and do things like state channels. Although Buterin didn’t provide any clear timeline for these solutions, he claimed that it’s more cultural and social factors that are slowing down the process.

He ended his speech with statements on the current state of where blockchain is. “Finding the right end part of the space for your application to be in, fully developing the all the corners of the space and making all the corners of the space as easy to use, as easy to develop and as easy to build things in and really trying to figure out how much you can really get if you want it,” Buterin said, “that’s what I think the next phase of the blockchain space is about and that phase has already begun.”

Also watch: Deconomy 2018 Day 1 summary

Note: Tokens in the SegWit chain are referred to as SegWit-Coin BTC (inaccurately called Bitcoin Legacy or Core by many) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.