Jimmy Nguyen: The Bitcoin world needs more positivity

Jimmy Nguyen: The Bitcoin world needs more positivity

CoinGeek.com’s Becky Liggero sat down with Jimmy Nguyen, CEO of the nChain Group, for an interesting discussion about collaboration and positivity, and how these factors will ignite the growth of Bitcoin Cash.

Since it split from the legacy Bitcoin (BTC) chain more than half a year ago, things don’t appear to be slowing down for Bitcoin Cash. And the cryptocurrency, which is considered the true Bitcoin as intended by the Satoshi Nakamoto white paper, can thank various groups for its growth.

One of the organizations working tirelessly to spur and ignite the growth of Bitcoin Cash is blockchain technology research and development firm nChain Group. CEO Jimmy Nguyen tells us in an interview that nChain currently has four business units: the first is nChain Limited, which focuses on blockchain research and development; there’s also the IP, holding and commercialization company called nChain Holdings; followed by an investment vehicle, called the nChain Reaction; finally, there’s nCrypt, formerly known as nTrust, which is the consumer-facing business of the group operating a Bitcoin wallet and exchange.

“Our business is set up with a very simple mission, which is we are designed to use our resources and our technology and our research to help enable the growth of Bitcoin Cash in particular, because we believe that it is the true Bitcoin,” Nguyen said.

In his role as the chief executive, Nguyen has already mapped out what he needs to do for nChain’s next chapter, which boils down to three things—take concrete actions, forge stronger relationships, and more importantly, foster positivity.

“There’s been a bit of negativity, which is an understatement, in Bitcoin for a number of years. I’m a person who always thinks on the bright side. I carry with me every day a positive attitude and I want to help inspire the people around me,” Nguyen said. “I believe the Bitcoin world needs more positivity, and I hope that our business can help provide that.”

Nguyen, who joined nChain after a 21-year career as an intellectual property and digital technology lawyer, isn’t just talk. In the past few months, the group has been partnering with organizations, groups and companies in the Bitcoin BCH ecosystem. These include collaborations with Bitcoin Unlimited as well as supporting and funding the Gigablock Testnet Initiative, all in the name of big blocks.

“We like big blocks at nChain, and we cannot lie,” Nguyen said. “Those are the various steps we’re doing to support what’s needed first: building the infrastructure and the backbone of a larger scaled network. Getting it to the average person on the street on a broader basis will come after that.”

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) 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.