Bitcoin Association – the global industry organization that works to advance Bitcoin SV – publishes its first annual report, covering its operations from February 2019-20. The report highlights the rapid growth and development of the Bitcoin SV ecosystem, as well as the work the Association has undertaken in its first year of operations to support the network’s underlying technical infrastructure and business expansion.
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Interest in Bitcoin Association has rapidly grown as Bitcoin SV has captured the digital currency spotlight. The BSV blockchain has seen application development explode globally, as developers and businesses make use of BSV’s superior scaling, data capacity and micropayment capabilities. Growing usage – particularly at the enterprise level – has led to a rise in the number of daily transactions and average block sizes seen on the network to now regularly surpass BTC on most days and BCH every day.
This growth of the Bitcoin SV network and ecosystem is reflected in Bitcoin Association’s Year 1 annual report. Featuring a comprehensive description of the Association’s mission to accelerate the business use of Bitcoin SV – both as a blockchain and digital currency – the report illustrates the multi-faceted approach that the organization has pursued under the leadership of Founding President, Jimmy Nguyen.
Split into 12 sections, the report looks at the great strides made by the Bitcoin SV network during the past year – proving that Bitcoin can massively scale as Satoshi Nakamoto always intended and restoring the technical power of Bitcoin’s original protocol. As summarized in the report, Bitcoin Association supports the Bitcoin SV Node team which works on the network infrastructure, is establishing a Technical Standards Committee, and is launching educational material and programs to train BSV developers. Bitcoin SV development activity has been robust with over 400 known BSV ventures and projects around the world.
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