Latest news with #BSVAssociation
Coin Geek
08-08-2025
- Business
- Coin Geek
State of chain—Teranode update on CoinGeek Weekly Livestream
Homepage > News > Tech > State of chain—Teranode update on CoinGeek Weekly Livestream Getting your Trinity Audio player ready... On episode 31 of the CoinGeek Weekly Livestream, Siggi and Ásgeir Óskarsson gave a Teranode update and talked about what the BSV Association (BSVA) is up to. The conversation outlined how massive scaling is in the pipeline and why it matters. title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen=""> What's it like being a Bitcoin OG in Europe? Host Kurt Wuckert Jr. begins by noting that many Europeans are newer to Bitcoin than their American counterparts. He asks what Europe is like for two people who got into Bitcoin in the early days. Ásgeir says he has known about Bitcoin since 2012/2013 when his brother Siggi offered to pay him back some money in BTC. However, he was working in a bank at the time and his focus was elsewhere, so he didn't get involved until recently. He doesn't consider himself a Bitcoin OG, but he has followed the thread since then and has always kept up with Bitcoin's evolution. Siggi says that, in Zug, where they're based, some avoid them while others are interested in what they're doing. Ásgeir says that many C-level executives are fascinated to hear that the big blockers are still around and scaling Bitcoin. What is Ásgeir Óskarsson's grand vision? Wuckert points out that there have been several BSVA managing directors in the past few years. He wonders what Ásgeir's grand vision is. Ásgeir clarifies that he and Siggi hold a joint leadership position. While he's the head man on paper, in reality, they run things together. He had been with BSVA for a year before he was called into leadership, and during that time, he was actively involved in every project and developed a broad overview of the protocol, ecosystem, and how everything works. As for the vision, he's focused on developing the tech stack, making it easier to build on BSV, and helping others in the ecosystem secure commercial opportunities. He won't say too much more; they're still at the beginning of their journey, and there's much more in the pipeline. In a nutshell, they're focused on connecting parties and building bridges. A message to BSVA critics Wuckert highlights how BSVA has its supporters and critics, and how some are opposed to it on principle. He asks the Óskarssons what they'd like to say to the critics. Ásgeir says that BSV is a public blockchain, and anyone can build on it. He fully supports people like Dr. Roy Murphy who is building his own node software. He encourages others to do the same. BSVA exists to support businesses and developers, not to stand in their way, Ásgeir clarifies. Everyone else is free to do what they want. The Association exists to encourage businesses to adopt the blockchain and educate, inspire, and provide resources. For example, Teranode was expensive to develop and test, so they helped with that. Siggi, who was around in Bitcoin's early days and has seen the entire saga unfold, says those early days are well and truly in the rearview mirror. He emphasizes that BSVA is there to support and not to control. He likens it to the Linux Foundation. It supports, educates, provides standards, etc., but it still needs the red hats to go out and build apps. When the killer app comes, and it will, BSV is the only blockchain that can scale to support it. 'We're playing the long game,' he says, and while that can suck in the short term, it leads to ultimate victory. Exchanges, liquidity, and development Wuckert mentions the recent delisting of BSV on OKX. He wonders if BSVA is doing anything to help secure new listings to improve liquidity. Ásgeir says there have been many positive conversations going on behind the scenes. The OKX delisting was unfortunate and unexpected, but these things happen. In his view, it isn't just about getting listings—it's also important to partner with exchanges to educate about BSV and market it. He reminds us that exchanges are all about volume, and we as individuals can support that in our own ways. Aside from exchanges, they're focused on what the tech can do. There are lots of projects around identity, on-chain wills, healthcare records, and more from Uganda to Argentina and beyond. Teranode update Wuckert asks the question everyone has been waiting for: What's happening with Teranode? Siggi says it started about two years ago, and the team made some initial errors they had to go back and fix. They were aiming for a Q2 2025 release, but they haven't met the technical metrics they set for themselves in the beginning yet. However, they're close. Teranode will be opening to more people to test in the coming weeks. They're ironing out some technical issues with the file database, concurrency, etc. Siggi understands why some people are frustrated with the delays and lack of updates, but it's because the team is so focused on getting Teranode to work. Siggi wishes he could say when they'll be fixed. He points out that the solutions aren't that difficult, but finding them and retesting to make sure everything still works will take time. They won't rush, and they won't cut corners just to release it faster. To hear more about Teranode, AI and LLMs, and why it's important for businesses to have a reason to use the blockchain, check out the livestream episode here. Watch: Teranode is the digital backbone of Bitcoin title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Coin Geek
05-08-2025
- Business
- Coin Geek
BSV Association partners with Chainspect to showcase hyperscale performance
Homepage > News > Tech > BSV Association partners with Chainspect to showcase hyperscale performance Getting your Trinity Audio player ready... ZUG, Switzerland; August 5, 2025 – BSV Association today announced a strategic partnership with Chainspect, the leading real-time performance tracker for more than 50 hyper-scaling blockchains, including Solana (SOL), Ethereum (ETH), Internet Computer and Algorand (ALGO). BSV is now fully integrated into Chainspect's public dashboard, giving investors, developers and analysts a transparent view of the network's live throughput and latency metrics. With its upcoming Teranode upgrade moving into production testing, BSV expects to rise rapidly through Chainspect's rankings. Teranode introduces a horizontally scalable, microservices architecture that has already demonstrated benchmark throughput in the millions of transactions per second (TPS) in lab conditions. Public main-net deployment is scheduled to begin later this year, paving the way for BSV to contend for the top spot on Chainspect's 'Fastest Blockchains by TPS' board. Now anyone can preview BSV's real-time stats on Chainspect's live dashboard ahead of the full production rollout. Martin Coxall Director of Growth, BSV Association: 'Being listed on Chainspect is a testament to the years of dedicated development to unleash the original Bitcoin protocol's ability to scale unbounded. For too long, the narrative around blockchain has been divorced from real-world utility and performance. Chainspect cuts through the noise with objective data, and we are confident the metrics will speak for themselves. This isn't just about rankings; it's a clear signal to the market that BSV is open for business. We are the enterprise-grade blockchain that can handle the demands of any application, from micropayments and big data to tokenization and complex smart contracts, all at a fraction of the cost of other platforms. We invite developers and businesses who are serious about scalability and efficiency to look at the data and then come and build the future on BSV. The door is open for Proof-of-Concepts that are ready to scale to mainstream adoption and bring their transaction volume to a network that can handle it.' This partnership marks a significant milestone in BSV's mission to bring unmatched scalability and utility to the blockchain space. BSV Blockchains inclusion on Chainspect ensures that its performance will be independently monitored, verified, and visible to the world, further solidifying its position as the blockchain built for enterprise, government, and global-scale applications. About Chainspect Chainspect is the leading blockchain analytics platform focused on fundamentals. It tracks scalability metrics like TPS, finality, and block time, along with decentralization metrics such as Nakamoto Coefficient and Validator & Miner Counts, across 50+ networks. Chainspect is widely used by investors, researchers, and builders to compare blockchains, and is cited by industry leaders like Cointelegraph, Forbes, and Investopedia. Built to cut through hype and bring transparency to Web3, Chainspect offers an unbiased, data-driven view into how blockchains scale and perform. About BSV Blockchain BSV Association is a Swiss-based non-profit organisation, acting as the open-source governing body and global advocate of BSV blockchain, dedicated to advancing its adoption and utility. It supports developers, enterprises, and governments in leveraging the BSV blockchain. BSV blockchain is a scalable and energy-efficient public blockchain designed for enterprise and government applications, offering unbounded scaling, low transaction fees, and robust security. BSV enables businesses to build innovative blockchain-based solutions. Focused on compliance and real-world utility, BSV supports smart contracts, tokenisation, and data integrity at a global scale. Bitcoin SV BSV Association BSV Blockchain Chainspect Martin Coxall Teranode
Coin Geek
10-06-2025
- Business
- Coin Geek
BSV as 'utility blockchain' aims for use cases with trust
Getting your Trinity Audio player ready... Wherever there's a business need for trust and transparency on a distributed ledger, BSV can take care of it, says BSV Association (BSVA) CEO Ásgeir Thór Óskarsson. On top of its underlying Layer 1 infrastructure, you can build any imaginable use case. Ásgeir joined his brother, BSV Association CTO Siggi Óskarsson, for a chat about trust in the digital economy with Halborn SVP of Marketing Arabdha Sudhir, as part of Halborn's Flash Video series on blockchain topics. Halborn specializes in smart contract audits and security testing for the Web3, blockchain, and DeFi industry and is assisting the BSVA with security consulting. title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen=""> Siggi spoke of the more technical challenges associated with achieving BSV's million-transactions-per-second (TPS) milestone with the Teranode protocol implementation. Unbounded scalability on the base layer is the key to making blockchain a useful technology for enterprise and government-tier applications. 'If we have this massive scale, the way you would interact with the blockchain needs to be very different because you can't run your own node anymore.' This involves creating user-friendly libraries to create transactions, as well as newer concepts like 'Overlay Nodes,' to ensure interactions with a blockchain network run smoothly and securely at these kinds of volumes. 'We want to have a blockchain that can serve the world, not just something that's for hobby projects,' Siggi said. 'We want the big corporations to come and try to break it. Massive, massive use cases, that's our goal.' 'We call ourselves a utility blockchain. We're not interested in the price going up; we actually don't look at the price anymore; we look at how many transactions are we processing, how many transactions can we process, and are we moving in the right direction in that area?' The key problem we're solving is trust Sudhir asked for the simplest version of the key problem BSV is solving. 'It's trust,' Ásgeir said. If you take a look at the world in its current state, and read company reports, there's a clear lack of trust. AI is creating a huge amount of extra value, but one negative side-effect is a further decrease in trust. 'You have this verifiable data on an immutable ledger; it's a public blockchain, so anyone can access it. To debunk a myth: you can still have privacy on a public blockchain; it's not just out there for anyone to see.' The important thing is that the data remains verifiable and can be shared. Ásgeir gave the example of a supply chain with multiple stakeholders that all need to interact with the same data set. Any of them can access that data and act upon it, adding value. Much of the current focus is on decentralized finance (DeFi) and stablecoins with instant settlement, but that's just the tip of the iceberg for what blockchain can actually do, he added. Siggi described data on a blockchain as a form of 'digital notary,' helping to solve potential legal problems at a later date and doing it for free. You could stand before a court and produce information from years ago, and since it's on-chain, it's still provably valid. 'We're really only just scratching the surface' of potential blockchain use cases, he added, and the main reason for this is that no blockchain has yet been able to achieve the kinds of scale necessary to handle enterprise applications. 'It's not about the scalability itself; it's about the use cases that are only possible because we can scale.' It's more about business resilience, said Ásgeir. Verifiable on-chain data can protect a business' tech stack over decades, as it builds its forte and gains more clients. 'It's like a plethora of problems you're solving,' Sudhir noted. Stablecoins and cross-border remittances are two of the most prominent areas where blockchain shines, Ásgeir said. BSV's first native stablecoin, MNEE, is already proving its advantage over other similar tokens with instant transactions and zero 'gas' fees to send payments. Other existing financial instruments, like derivatives, can be tokenized on a blockchain network to gain similar advantages. But blockchain is no longer about 'being your own bank,' said Siggi, echoing an old Bitcoin meme. Blockchain can benefit banks by saving costs and helping them run more efficiently. Ásgeir again asked viewers to look beyond simple financial procedures, noting that blockchain has utility wherever there's a need for multiple parties to trust shared data records. The list of use cases there is endless, from government regulations to shipping and logistics, consumer retail, and corporate sustainability. Instead of having a centralized (proprietary) database and asking everyone to just trust it without good reason, now you have this whole layer of trust between everyone. 'It's fascinating,' Ásgeir said. 'Ten years from now, who knows what kind of use cases we're going to find for blockchain.' Watch: With blockchain, the utility is becoming more and more important title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Coin Geek
28-05-2025
- Business
- Coin Geek
Pakistan sets up new authority for 'crypto' oversight
Getting your Trinity Audio player ready... Pakistan has unveiled a new regulatory body to oversee the digital asset sector as adoption in the South Asian nation skyrockets. Known as the Pakistan Digital Asset Authority (PDAA), the new watchdog has received the endorsement of the Finance Ministry. Minister Muhammad Aurangzeb recently said that PDAA will ensure Pakistan remains Financial Action Task Force (FATF) compliant and promote responsible digital asset use. 'Pakistan must regulate not just to catch up — but to lead,' the minister stated, as reported by national broadcaster PTV. 'With the PDAA, we are creating a future-ready framework that protects consumers, invites global investment, and puts Pakistan at the forefront of financial innovation.' The new authority will oversee all licensing of virtual asset service providers (VASPs), including exchanges, wallets, custodians, and brokerages. It will also have jurisdiction over decentralized finance (DeFi) platforms, tokenization firms, and stablecoin issuers. Beyond oversight, the authority will promote the development of 'blockchain-based solutions at scale.' Pakistan has embraced the technology for years, with former President Arif Alvi enlisting the assistance of leading experts, including the BSV Association, to draft a national blockchain strategy. The PDAA will also provide legal clarity to digital asset investors and channel Pakistan's excess electricity to block reward mining. Last month, the government revealed that it would begin using surplus power to mine digital assets at a time when demand for electricity from the national grid has dipped drastically. The authority will also support tokenizing government debt and national assets, PTV reports. With tokenization taking off globally, the Pakistani government set aside $3.5 billion in March to fund the sector. Experts predict that tokenized assets could unlock $18.9 trillion by 2033. Pakistan's deep dive into digital assets The PDAA is the latest initiative by the Pakistani government to promote digital assets and blockchain adoption. In March, it established the Pakistan Crypto Council (PCC), whose mandate is to promote the adoption of digital assets in the country and aid in formulating enabling laws. The Council's CEO, Bilal Bin Saqib, welcomed the new watchdog, which he says will augment the PCC's efforts in promoting the sector and is a stride toward 'strong and smart regulations.' 'This is not just about crypto — it's about rewriting our financial future, expanding access, and creating new export channels through tokenization, digital finance, and Web3 innovation,' he stated. The two agencies—both chaired by Minister Aurangzeb—have overlapping duties, such as promoting adoption. However, the Council serves more as an advisory body that shapes policy and industry collaboration, while the newly formed PDAA will have direct legal enforcement powers. Saqib, who chairs the Council, is focused on making Pakistan a Web3 hub, even with the formation of the new watchdog. 'For the first time, we are not standing behind the world, but we are establishing our own trend in the digital currency landscape. Global tech leaders and companies are now looking toward Pakistan to explore its crypto potential,' he told local outlet Dawn. With its focus on boosting Web3 and new laws on digital assets, Pakistan is ensuring 'that global-level companies can now be built in Pakistan, not just in the U.S. or Europe.' Pakistan dedicates 2,000 MW to 'crypto' mining, AI In yet another stride towards promoting digital assets in the country, the Pakistani government has allocated 2,000 megawatts (MW) of electricity to block reward mining and artificial intelligence (AI) data centers. The initiative is led by the PCC and will mainly depend on excess power. The Pakistani economy has faltered in recent years and almost defaulted in 2023. It has been especially brutal to small and medium enterprises (SMEs), which employ the bulk of the country's workforce, leading to lower electricity demand and a switch to cheaper alternatives like solar energy. Besides the surplus power, the government intends to repurpose some of the country's coal-based power stations, which have been operating below capacity for years. Currently, Pakistan's contribution to the global BTC hash rate is negligible, with regional peers like Thailand, India, and Iran playing a bigger role. However, if all 2,000 MW goes to block reward mining with the latest ASIC miners, it could contribute over 60 exahashes per second (EH/s), making it one of the top five mining hubs. Watch: It's time for regulation to enable blockchain growth title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Coin Geek
21-05-2025
- Business
- Coin Geek
BSV Association selects Binarii Labs for secure communications using BSV blockchain
Homepage > News > Business > BSV Association selects Binarii Labs for secure communications using BSV blockchain Getting your Trinity Audio player ready... Zug, Switzerland & Dublin, Republic of Ireland – 20 May 2025: The BSV Association, which leads the global advancement of the BSV Blockchain, the world's most scalable and regulation-friendly public blockchain, has selected Binarii Labs to be a trusted secure communications provider. As part of the collaboration, BinariiDSM will be used to enable encrypted file exchange and data resilience between Association members, employees and ambassadors, with all file actions immutably recorded on the BSV Blockchain as verifiable Proof of Record. The BSV Blockchain is a highly scalable public blockchain, capable of handling hundreds of millions of transactions daily, making it the ideal solution to facilitate enterprise solutions on-chain. The BSV Association's focus is in working with businesses, governments, enterprise to demonstrate where blockchain can add value for them. The integration of BSV blockchain with BinariiDSM adds a further layer of trust for their customers, reflecting their commitment to operational transparency, trust, and decentralised infrastructure. With member representation and ecosystem growth across Europe, Asia, the Middle East, and North America, the BSV Association supports a diverse global community of enterprises, developers, government agencies, and institutions building real-world applications on scalable public blockchain infrastructure. BinariiDSM, Binarii Labs' patented SaaS data security solutions apply a sovereign-first and zero-trust architecture to protect sensitive unstructured data. Each file is encrypted, fragmented, and distributed across three user-owned storage endpoints, ensuring that no single complete file is ever stored in one place, and that users retain continuous access from any two locations. Integrated blockchain-based logging on the BSV Blockchain ensures transparent and tamper-proof auditability of all file interactions. Ásgeir Óskarsson, Managing Director of BSV Association, commented: 'We are committed to adopting technologies that reflect the values of transparency, resilience, and trust. BinariiDSM aligns with our core principles, ensuring secure communications between our members , our employees and our ambassadors, leveraging the BSV Blockchain to deliver tamper-proof, verifiable records of activity. We look forward to deepening our collaboration with Binarii Labs as secure data infrastructure becomes ever more critical.' Ciarán McNamee, Co-Founder and Chief Business Development Officer at Binarii Labs, added: 'It is a privilege to be working with the BSV Association. Their selection of BinariiDSM reinforces the growing recognition that unstructured data—documents, reports, and sensitive communications—must be secured with the same rigour as core systems. Our patented architecture, underpinned by blockchain-based Proof of Record, provides a modern, sovereign-first solution to today's data challenges.' This partnership marks another milestone in Binarii Labs' expansion into compliance-driven and blockchain-integrated sectors, demonstrating how sovereign data control, regulatory readiness, and immutable audit trails can be delivered in a single, integrable solution. About the BSV Association The BSV Association leads the global advancement of the BSV Blockchain, the world's most scalable and regulation-friendly public blockchain. With growing adoption across finance, supply chain, health, and government, the BSV Blockchain supports massive-scale data integrity and microtransaction use cases. The Association provides education, technical standards, and ecosystem support for enterprises and developers building real-world blockchain solutions. | About Binarii Labs Headquartered at NovaUCD in Dublin, Binarii Labs delivers sovereign-first, zero-trust data security solutions for regulated and data-sensitive sectors. Its platforms—BinariiDSP, BinariiDSM, and CyqurPRO—enable organisations to encrypt, fragment, and distribute unstructured data across multiple storage end-point locations, ensuring full control, compliance, and continuity. Every action is cryptographically recorded via blockchain-based Proof of Record.
