Bigger blocks, massive scaling, and no limits. That was the theme of the CoinGeek Conference Toronto 2019, where all Bitcoin professionals from around the world gathered to talk not only about Bitcoin SV (BSV) developments, but also why massive on-chain scaling is essential for the ecosystem to move forward.
The main conference showcased high-caliber speeches and panel discussions—the hallmark of CoinGeek events. Special features include finalist presentations for the Bitcoin Association’s first BSV Hackathon, and a special intimate conversation with nChain Chief Scientist Dr. Craig S. Wright about the beginnings of Bitcoin.
Ryan X. Charles, CEO of Money Button, discussed “Digital Storage and Digital Rights Management on the BSV Blockchain with Money Button.” He tells us what it actually means to use massive on-chain scaling in a real business.
“Individual companies can often need terabyte size blocks just by themselves depending on what they do, so we need to scale massively because we’re going to put more than just one company—we’re We’re going to put an entire industry, we’re also going to put the entire world’s economy on this,” Charles said. “The reason why that matter is it’s not even just payments. You actually can put real data on the blockchain too, and so the sizes start getting very, very large. If you need properties like, I really want this contract to be encrypted but also stored permanently and immutably so that no one can alter it after the fact, you put the actual contract on the blockchain. That takes data.”
Indie game developer Kronoverse built its platform for the BSV blockchain after seeing how the network is making unlimited scaling a unique reality. David Case, chief architect of Kronoverse, explains why BSV was their only choice: