bComm Founding President Jimmy Nguyen: No limits for Bitcoin SV

The shackles are off for Bitcoin SV (BSV). bComm Association Founding President Jimmy Nguyen recently joined our CoinGeek’s Stephanie Tower to talk about how BSV is evolving with increase OP_RETURN limits, increased block sizes, and enterprise applications for the only protocol to follow Satoshi’s original vision.

One of the recent exciting changes to the BSV blockchain has been the increase of the OP_RETURN. The data size limit of OP_RETURN has been lifted without forcing a hard fork. Instead, it was achieved by allowing miners to decide what size they wanted to accept. Nguyen sees this as confirmation that BSV is on the right path. He commented:

“It’s real validation for us that the path we chose to follow with Bitcoin SV, the Satoshi Vision, lifting the limits, letting it scale as big as possible, was right, and developers would think of amazing new usages of Bitcoin if you just give them the potential unlimited power to do so.”

Nguyen is quick to point out what this means for enterprise usage as well. He says, “This is the signal, the start of Bitcoin SV becoming the world’s new data carrier network. Where the blockchain can be used to store and transmit data of all kinds.”

When asked how enterprises could potentially use the BSV blockchain, the bComm Association founding president is full of examples. “A good example is just seeing that you can create essentially a version of Dropbox on Bitcoin SV, where data of all varying types and sizes can be stored on the blockchain, miners will get paid fees for it, it’s much cheaper,” he points out as one example. He continues, “If I’m a big enterprise, one of the things I’d be thinking about are, what kinds of data could I store on the Bitcoin SV blockchain that I’d want to be able to pair with the ability to access, or give access to that data to other people, in exchange for micropayments. Instead of having large volume fees, you could individualize the access to data. And I think that opens up a whole new world of business models.”

Stability is an emphasis of BSV, and Jimmy Nguyen believes that hard forks are a thing of the past. “No more developer fights, please. No more protocol fights,” he says. “That’s part of our path of Bitcoin SV. Restore the original Satoshi protocol, keep it stable, leave it alone. Lift the limits and let developers build on top of the chain and that will unleash creativity with no bounds.”

The focus is really on massive on chain scaling, and in that area, BSV continues to progress in leaps and bounds. “There have been individual blocks mined on Bitcoin SV on the live network, of 64MB, 65MB in size, and on January 3rd of this year, 103MB in size,” Nguyen points out. “Their next step is to plan a public stress test on the live network to show that this can be done on actually the live network. And they’re confident that with increased work on the solutions to improve block and transaction propagation, they can demonstrate BSV has the capacity for even bigger than 128MB blocks on a sustained, repeated basis. “

The ambitions for BSV are much bigger, and Nguyen hopes that current block sizes will one day be considered small. He concludes, “The plan is, on Bitcoin SV, to raise the default block cap to 512MB as another step towards getting to 1GB to 2GB in size. And one day, much like Op Return, no limits. I think that’s our message. We believe in Bitcoin, #NoLimits.”

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.
Bitcoin Cash prepares for upgrade: nChain on 32MB blocks

Bitcoin Cash prepares for upgrade: nChain on 32MB blocks, OP_Code resurrection for smart contracts

nChain likes big blocks and they cannot lie.

May 15 is a big day for Bitcoin Cash supporters as the community prepares for the first of a series of big upgrades for the blockchain. The upcoming hard fork will trigger the following upgrades:
• Increasing the size of blocks on the Bitcoin Cash blockchain from 8MB to 32MB;
• Restoring certain OP_Codes for advanced functionality; and
• Increasing OP_Return data carrier limit to 223 bytes.

The 32Mb increase in block size will supposedly enable a capacity of 100 transactions per second, or 8.64 million transactions per day. This is a precursor to the Terab project’s long-term goal of scaling to 1 terabyte blocks—which would theoretically bring in 7 million transactions per second, or a whopping 604.8 billion transactions per day.

In a press release, Jimmy Nguyen, CEO of leading blockchain R&D company, nChain, comments:

“Increasing the Bitcoin Cash block size from 8MB to 32MB begins to ignite the true power of the BCH network, significantly increasing throughput capacity, in terms of the number of transactions that can fit into each block.It will also keep transaction fees very low – and thus ensure the BCH network has capacity to operate efficiently as usage continues to increase as the global peer-to-peer electronic cash. After this May 2018 upgrade, expect more steps toward massive on-chain scaling of the Bitcoin Cash network. We envision a future with massive block of 1 gigabyte (1000 MBs), and even 1 terabyte (1 million MBs), to achieve a powerful BCH data network that will re-invent how global business is done.”

Reinstating previously deactivated OP_Codes from the original code of Bitcoin, according to Nguyen, has huge implications for Bitcoin Cash as it unleashes smart contract and tokenisation capabilities that would bring Bitcoin Cash on the forefront of the industry.

“The second key upgrade is restoring certain OP_codes that had been deactivated in the Bitcoin script language.  These OP_codes are being brought back to Bitcoin Cash to enable the ability for tokenisation and smart contract execution on the BCH network.  This will be a game-changer in the cryptocurrency space because it makes Bitcoin Cash the clear leader, with the ability to do all in one coin-efficient payments and advanced technical functions such as tokenisation and smart contracts – what many other coins and blockchains separately claim to do.  We at nChain and other groups have already been working on new tokenisation solutions to implement on Bitcoin Cash.”

The press release also states that the upgrades will enable Bitcoin Cash to do what Ethereum does.

“The restoring of certain OP_codes in the Bitcoin scripting language will bring advanced technical functionality to the Bitcoin Cash network. In computing, operating codes are the section of automated language which dictates what operation must be performed. The restored OP_codes will enable tokenisation and smart contracts to be executed on the BCH blockchain.  More advanced functions will be possible with future upgrades to the Bitcoin Cash network.

Tokenisation – of financial instruments, assets, rewards, or for Initial Coin Offering (ICO) purposes – and the ability to make use of smart contracts, means that Bitcoin Cash can be used to do anything that other blockchains such as Ethereum, can do. Bitcoin Cash is already a superior payment system, because it is fast, low-fee and allows borderless transactions to anywhere in the world. With these additional technical capabilities, Bitcoin Cash can be the all-in-one coin.”

Given these improvements, Nguyen says it’s a win overall. “These changes will make BCH faster, stronger and more powerful. Win, win, win,” Nguyen says. Using a bit of wordplay, he adds: “Bigger blocks are the only way to make Bitcoin a viable payment option for daily transacting. That is why, here at nChain, we like big blocks and we cannot lie!”

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.
nChain Nakasendo steers Bitcoin BCH devs through ‘mountains of blockchain work’

nChain Nakasendo steers Bitcoin BCH devs through ‘mountains of blockchain work’

In a bid to help application developers navigate the complexities of blockchain development, nChain—one of the influential tech groups leading the development of Bitcoin Cash (BCH)—has rolled out version 1.0 of its new Nakasendo software development kit (SDK).

Through Nakasendo, which literally means “central mountain route,” nChain will provide software libraries that will help speed up developers’ work to make blockchain technologies that can be used by major enterprises around the world.

Version 1.0 provides a cryptographic library, paving the way for more flexible key generation and sharing. The library incorporates nChain’s two patent-pending assets: deterministic key generation, which employs a more complex “shuffling” of both the private and public keys of the users involved in a transaction; and secure split key technique, a mechanism that uses “Shamir’s secret sharing scheme,” in which a key is divided into parts and distributed to different parties—and will not work unless combined.

Combined, these two assets will help ensure the security of private keys and digital wallets as a whole, protecting users and businesses from being “Goxxed” again.

The Nakasendo SDK can be used on any blockchain—or even any type of digital wallet, product, application, where access to a digital asset, resource or communication is needed, according to nChain Group CEO Jimmy Nguyen.

The SDK is available for use under the newly-created nChain Open Bitcoin Cash License, but only for users to create software or applications that operate on the Bitcoin Cash blockchain.

The nChain Open Bitcoin Cash License, modelled after the Microsoft Limited Public License, allows royalty-free usage of copyrights to software in the SDK libraries, and any associated patents that read directly on such software. Just like Microsoft’s Limited Public License has a platform limitation for free usage, nChain said its Open Bitcoin Cash License limits free usage to the Bitcoin Cash blockchain.

“We are making it available for free usage only on the BCH blockchain specifically to help the growth of Bitcoin Cash,” said Nguyen. “Although the SDK libraries will be useful for developers on any blockchain or digital platform, we want to use key elements of nChain’s patent portfolio to help benefit the Bitcoin Cash ecosystem. That is why we are providing the SDK for free usage only for applications and products that operate on the Bitcoin Cash (BCH) blockchain.  The SDK is one of many tools nChain will use to ignite the BCH blockchain, and help re-invent the business world.”

The Nakasendo SDK is currently available to selected partners in an initial testing pool, and will be rolled out “more publicly” at a later time.

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.
nChain CEO Jimmy Nguyen: Philippines is the perfect market for virtual currency

nChain CEO Jimmy Nguyen: Philippines is the perfect market for virtual currency

Nguyen says there’s work to do, but that the BSP is doing right in creating sensible regulation to improve consumer confidence. 

In an interview with Bloomberg TV Philippines, nChain CEO Jimmy Nguyen gave insights on the blockchain and cryptocurrency development in the country and how it can impact overseas remittances. According to Nguyen, the country is in the early stages of cryptocurrency adoption, but is on the right path.

“I think the Philippines is in the early stages of adopting cryptocurrencies generally—and blockchain technology,” Nguyen said, adding however that there aren’t a lot of cryptocurrency exchanges in the country to help citizens participate in the new economy.

“I think it is headed in the right direction. This is the perfect market for virtual currency.”

The Philippine economy benefits highly from overseas foreign workers (OFWs) sending money back to their families in the country. Last year, the World Bank estimated that OFW remittances to the Philippines would hit almost $33 billion, bumping the archipelago up as the third biggest remittance-receiving country behind India and China. Nguyen, says the country’s remittance activities can be made better.

“Remittance and wire transfers could be much cheaper and more efficient. And that’s important to the Philippines.” Nguyen, whose company nChain is helping develop Bitcoin Cash (BCH) for cheap and fast transactions, went on to explain the value of BCH in comparison to BTC for daily transactions due to its usability, despite the former only having existed for only eight months.

As was the global trend, several scammers took advantage of the advent of blockchain technology to pull off Ponzi schemes and other cons, prompting the country’s central bank, Bangko Sentral ng Pilipinas (BSP) and the SEC to issue warnings to the public, along with a set of guidelines for businesses planning to open up exchanges in the country. The BSP has also been in talks with some industry players in the Philippines to help gain better understanding of the technology.

Nguyen commends the BSP’s openness despite the risks.

“I know the BSP issued some guidelines recently to warn people to be careful about investing in virtual currency. In addition to recognizing the risks, it recognized the value for a country like the Philippines.”

He adds that regulation would actually be good for cryptocurrencies. “I think, first of all, it’s a good step for the government to begin sensible regulations for virtual currencies. Some people in the Bitcoin world don’t like that. I, particularly because I’m a former lawyer, think regulation can be a good thing and create more consumer confidence,” Nguyen said.

In terms of the PHP 150 million ($2.9 million) minimum capital requirement imposed by the government on digital wallet operators, Nguyen thinks it’s quite low but “it’s a start.”

“That capital requirement is fairly low, but we are dealing with people’s money. I think it’s important to require the wallet operators and the exchange operators to have backing so that we avoid situations like in Japan—with the Mt Gox hack a number of years ago and a lot of people lost their bitcoin and didn’t have recourse against the company,” Nguyen explained.

“So I think that’s probably a start and over time, as the exchanges and wallets get bigger, they’ll probably raise the capital requirement. I think that’s a sensible step,” he added.

Watch the interview below:

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.

Top names in crypto space toast to Bitcoin BCH in nChain exclusive party

Top names in crypto space toast to Bitcoin BCH in nChain exclusive party

Blockchain technology research and development specialist nChain Group gathered the brilliant minds of cryptocurrency as well as supporters of Bitcoin Cash in Tokyo, Japan, recently for an exclusive dinner party.

The group who were in town for the Satoshi’s Vision Conference, which was organized by Bitcoin Unlimited, were composed of the top names and thought leaders within the cryptocurrency space. nChain Group’s very own Chief Scientist Dr. Craig Steven Wright was in attendance together with Bitcoin.com CEO  Roger Ver and CoinGeek owner Calvin Ayre.

The night was also a celebration of the synergy and collaboration among Bitcoin groups who continue to work for the growth and development of Bitcoin Cash, the only Bitcoin that remains true to the Satoshi Nakamoto white paper.

nChain Group CEO Jimmy Nguyen thanked  the guests for supporting Satoshi Nakamoto’s vision for Bitcoin and proposed a toast to the thriving Bitcoin Cash.

Incidentally, Nguyen will also serve as the host of the upcoming CoinGeek Conference on May 18. The one-day event will take place at the Four Seasons Hotel in Hong Kong, featuring presentations and panel discussions by focusing on merchant adoption as well as the integration of Bitcoin Cash and blockchain technology into various areas of businesses.

The upcoming conference, which is also hosting an after-party courtesy of CoinGeek.com owner Calvin Ayre, is shaping up to be a landmark in merchant adoption and education in the benefits of Bitcoin BCH, which features bigger blocks, faster speed, and lower transaction fees.

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.

source: https://coingeek.com/top-names-crypto-space-toast-bitcoin-bch-nchain-exclusive-party-video/

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.
Dr. Craig Wright: We're bringing Bitcoin BCH back to fungible cash

Dr. Craig Wright: We’re bringing Bitcoin BCH back to fungible cash

The next upgrades in the pipeline for Bitcoin Cash (BCH) will finally pave the way for people to start treating the cryptocurrency as what it is supposed to be—cash. And a fungible one at that.

That’s the declaration made by Dr. Craig Wright, chief scientist at blockchain research and development firm nChain Group, during a recent talk as part of the “We are Fascinating Project” series in London.

“We’re collaborating with a lot of groups at the moment. We’ve just announced the Electrum Cash project which is going to sort of increase private transactions fungibility and much more within Bitcoin (BCH), so what that will actually allow is people to start treating it as cash,” Wright said. “We’re going to make it back to fungible cash.”

Currently, Bitcoin Cash development groups like Bitcoin ABC are gearing up for a series of protocol upgrades happening every six months starting May 2018, which will see the developers re-enabling a whole host of opcodes in the scripting language, among other things. Restoring the opcodes is important for the network because they will enable Bitcoin Cash to become more than just a currency.

“We’re going to re-enable all those things people used to get excited about Bitcoin for: tokenization, the ability to make either divisible or non-divisible shares at your choice, bonds, futures, derivatives, things that actually make smart contracts that tied to [investment] vehicles, things that allow you to trade over time,” Wright said.

Essentially, the opcodes will allow Bitcoin Cash to have more complicated functionality so that it can also power smart contracts along with other functionalities that will drive up the cryptocurrency’s usage.

“We’re going to re-enable a whole lot of opcodes. We’ve got people in my team at the moment working on that. They’ve already started uploading on Github and other such things,” the nChain chief scientist said.

Not the be-all and end-all of Bitcoin Cash

nChain may be at the forefront of the push for a Bitcoin Cash world, but CEO Jimmy Nguyen is quick to point out that the group is all about collaborating with groups, people, and companies around the world to ensure that their goal of making a Bitcoin Cash-enabled global ecosystem will be a success.

In fact, nChain has already formed partnerships with several organizations and invested in ventures offering products and applications that made Bitcoin Cash more usable, easily as electronic cash on a global basis. The group’s first two investments, made via its investment arm nChain Reaction, were social network Yours.org and South African wallet provider Centbee.

“We at nChain group do not intend, have no desire to be the be all and end all of Bitcoin Cash,” Nguyen said.”We recognize that for it to be successful, we’ll take the collaboration and efforts of groups, companies, people all around the world. And what we’re doing is using our resources and innovation to try and spur and help other people to create and develop the things that’ll be necessary. We’ll be creating some of the things ourselves but our mission really is to enable a spark that goes on across the world so that there’s a thriving community of groups that are contributing to Bitcoin Cash’s success.”

Watch Dr. Craig Wright and Jimmy Nguyen talk about “A Bitcoin Cash World” here:

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.
The Ultimate Fintech Summit Summary

The Ultimate Fintech Summit Summary

Thought leaders and decision makers from the fintech industry in the Philippines recently gathered at the Marriot Hotel in Manila for The Ultimate Fintech Summit.

Organized by Asia CEO Events, the summit aimed to present movers and shakers who are breaking barriers to financial access in the Philippines and the rest of the world.

Over 200 participants from fintech and digital sectors were welcomed by Richard Mills, chairman of Asia CEO Events, to a whole day of sessions focusing on financial inclusiveness, payments, mobile, retail, marketing and data, as well as the topic that most people are curious about—blockchain and cryptocurrencies.

This summit served as the gateway for the fintech community in Manila to learn more about the use of blockchain and cryptocurrencies such as the Bitcoin Cash. Jimmy Nguyen, CEO of the blockchain research and development firm nChain Group, opened the sessions with his winning presentation on how Bitcoin Cash will power the future of Bitcoin commerce (bCommerce). Nguyen explained the reasons merchants should adopt this cryptocurrency—like easier, faster and lower transaction fees—and also pointed out that bitcoin should not be perceived as anti-bank or anti-establishment.

“Businesses in all sectors, whether you’re a bank, payment services provider, technology company, companies in all industries, I’m here to tell you, should be embracing their role in this bCommerce world,” Nguyen explained.

Meanwhile, Israel Keys of Bloom Solutions spoke about his company’s use of the blockchain tech and cryptocurrencies alongside traditional compliance tool for remittance, explaining this technology has helped on reducing costs and faster disbursements of funds.

TagCash’s CEO Mark Vernon also presented his blockchain-based digital wallet which offers various solutions for merchants and individuals under one platform.

Blockchain, the technology underpinning cryptocurrencies like legacy Bitcoin (BTC) and Bitcoin Cash, has been a boost to tech companies and digital services. And as the worldwide adoption of blockchain technology grows, more companies are adopting the technology for ease and more seamless processes.

Lito Villanueva, managing director of FINTQnologies under the PLDT Group and running the largest digital lending business in the Philippines, shared how his company has considered including blockchain in the pipeline of their business agenda. He shared that it’ll be part of their re-engagement and initiatives within the year.

“I think this [blockchain technology] will hasten the process in terms of facilitating greater efficiencies,” Villanueva said.

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.