Bitcoin Association publishes first Bitcoin SV technical standard
New Bitcoin SV technical standard up for public comment
Adoption of the new standard will improve the performance of the entire network
Bitcoin SV became a legal tender
International consortium of news organizations developing transparency standards.
Bitcoin Association Puts First Proposed Standard Of Bitcoin SV Technical Standards Committee For Public Comment.
New standard supports SPV procedure
The Bitcoin Association, a global industry organization that works to advance the Bitcoin SV blockchain, has released the first document of the Bitcoin SV Technical Standards Committee for public comment. This is stated in the official statement of the organization. As the representatives of the association explain, the standard includes Merkle proof, so its adoption will contribute to the development of the Bitcoin SV network..
“Merkle’s proof is vital to all of the uses of Simplified Payment Verification (SPV) described in the original Bitcoin whitepaper. They underlie most of the interactions of users with the network, ”- said in the message.
The proposed standard data format has been developed by a working group of specialists and has been rigorously reviewed several times. In June of this year, 11 members of the Technical Standards Committee made their proposals and approved the last version of the document, which was put up for public discussion.
“The Bitcoin SV Technical Standards Committee is working to improve professionalism in the cryptocurrency industry. The development of industry standards will drive the rapid growth of important aspects of the Bitcoin SV ecosystem, ”commented Jimmy Nguyen, Founding President of the Bitcoin Association.
It’s too early to give up on Bitcoin SV
Bitcoin SV (BSV) is one of the scandalous coins created by Craig Wright, who proclaimed himself Satoshi Nakamoto. BSV is now at the twelfth line of the rating with a capitalization of $ 3.29 billion, while the coin can be bought for $ 175.13. Despite the fact that not many exchanges are ready to add BSV to their listing, the coin continues to conquer the market.
For example, bitcoin SV can be used as a means of payment and pay for goods and services. BeInCrypto has compiled its rating of goods that can be purchased for BSV.
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