CoinGeek announces it will partner with nChain, the blockchain research & development firm, on the Teranode project to create an enterprise-class full node implementation for Bitcoin (BCH-SV). nChain announced Teranode at the May 2018 CoinGeek conference in Hong Kong, and CoinGeek will now provide additional funding and business support for the project. Teranode takes the original Satoshi Vision to the next level. It will enable the true Bitcoin, now represented by BCH-SV (Bitcoin SV), to massively scale to terabyte (1 million megabyte) size blocks, 7 million transactions per second, and global enterprise usage.
CoinGeek and nChain believe terabyte-size blocks are viable and necessary for the Bitcoin BCH-SV blockchain to become the global public ledger of the future. A single terabyte block (added every 10 minutes) can contain about 4 billion Bitcoin transactions, and provide capacity of 7 million transactions per second. The scale of a network with 1 TB blocks would be immense, and enable BCH to power not just monetary transactions but token, smart contract, enterprise application, and machine-to-machine data transactions of many types.
Teranode is the next evolution of Bitcoin SV, the new full node implementation for Bitcoin Cash (BCH). Bitcoin SV is currently competing with Bitcoin ABC in a miners hash vote to become the ruleset for BCH. Developed by nChain at CoinGeek Mining’s request and owned by the Antigua-based bComm Association, Bitcoin SV seeks to fulfil the original Satoshi Vision for Bitcoin. It will restore the original Bitcoin protocol, keep it stable and allow it to massively scale. This path is critical to give major enterprises confidence to build their projects on top of the Bitcoin BCH-SV blockchain. Having Teranode planned for the future is another reason why miners and businesses should now choose Bitcoin SV.
Teranode is unique because it will not be a monolithic “one size fits all” implementation. Instead, the project separates four core functions into a modular microservices architecture approach – making a separate Business (RPC) Layer, Network (P2P) Layer, Process Layer and Storage Layer. This microservices architecture allows a business to customize for its needs, and provides several advantages:
• Each component may have multiple implementations that can be easily swapped out for a particular company and its industry needs.
• Components can be written using different computing languages, tools and hardware that are best suited to their particular purpose, rather than having to make a single choice for the entire node.
• It enables massive on-chain scaling capability. A network aware interface like zeroMQ means components can, but do not necessarily need to run on the same machines. As scaling requirements grow, the components can be further broken down and clusterized to match any foreseeable load requirement.
In addition, the Teranode project will seek to solve a technical issue that arises with a massively scaled Bitcoin network with TB size blocks: how to optimize the unspent transaction output (UTXO) database maintained by nodes to prevent double-spending of Bitcoins. Determining the correct amount of coins associated with each output is an essential set in the validation of a new block. With massive transaction volume possible in 1TB blocks, the UTXO database would also grow immensely. Teranode will seek to deliver a microservice API and software implementations that can support the throughput required for gigabyte (1000 MB) and then TB size blocks.
nChain’s Director of Solutions & Engineering Steve Shadders comments:
“Teranode is my baby. The first prototypical iteration of Teranode was just born after the November 15 hard fork of BCH. As we are watching Bitcoin SV in real-life action, we are studying performance hurdles and building new solutions for the enterprise-class Teranode. It’s time for Bitcoin to grow up and professionalize. We appreciate CoinGeek’s support in that journey make Bitcoin useable for the world’s major enterprises.”
CoinGeek founder Calvin Ayre adds:
“I was thrilled to see Bitcoin SV recently mine the world’s first 64 MB block on Bitcoin, and I know we can achieve even bigger blocks. As a mining group, CoinGeek wants to see massive on-chain scaling to unleash the blockchain’s true power and so miners can earn more transaction fees. We believe Teranode provides that path to fulfil the true Satoshi Vision, which is now represented by Bitcoin BCH-SV.”
To learn more about Teranode and Bitcoin SV, come to the CoinGeek Week conference in London, UK, November 28-30 (with an advance Miners Day on November 27). Get information and tickets at https://coingeekweek.com/
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.
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Undoubtedly, one of the most important cryptocurrency conferences of this fall is rapidly approaching. CoinGeek Week will be held in just about two weeks and, due to requests from the mining community, a new day of events has been added especially for crypto miners.
On November 27, a special invitation-only event—the Miners Day—will be held in London. Following the completion of the Bitcoin BCH hard fork and a major stress test of the blockchain’s capabilities, this will be a unique opportunity to understand where the blockchain is headed and how the November events will impact the future.
Miner’s Day is open to the mining community by invitation only. There will be representatives present from the mining pools, software developers, equipment manufacturers and experts behind the latest mining innovations. If you would like to attend, contact CoinGeek.
Everyone is watching to see how the Bitcoin BCH hard fork goes in just a few days. Regardless of the outcome, Bitcoin BCH will continue to be the strong, leading digital currency that it is today. It continues to be embraced by the global retail industry on an exponential basis and doesn’t show any signs of slowing down. The CoinGeek Week conference will be the perfect opportunity to get together with those involved in the hard fork in order to understand the current state of the blockchain and what’s in the pipeline.
Following Miner’s Day, November 28-30 are days dedicated to developers, merchants and the future. Apart from the intense learning experiences, there will also be a number of networking events, giving attendees the opportunity to make new alliances and expand their business interests. This is a golden opportunity that can’t be missed by anyone ready to embrace cryptocurrency.
The November 28-30 CoinGeek Week conference will be held at The Mermaid, Puddle Dock in London. Following the last day of activities, CoinGeek founder and Bitcoin BCH proponent Calvin Ayre will host one of his world-famous after parties for attendees who have made it to all the activities. It’s the perfect way to wrap up a perfect conference.
Tickets are on sale now, but space is running out quickly. You can purchase your ticket today using either Bitcoin BCH on the CoinGeek website or, if you prefer, with a credit card through Eventbrite. Don’t wait—register now and don’t just witness history—be a part of it.
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.
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CoinGeek has been planning its November CoinGeek Week conference for the past six months, but recently had to make a significant change. Based on input from cryptocurrency miners, the event will feature an additional day, dedicated specifically to the mining community. The day’s activities will provide a look at what is going on with Bitcoin BCH mining and where the mining community is headed.
CoinGeek Week will take place from November 27-30 at The Mermaid, Puddle Dock in London, with Miners Day inaugurating the event. This special day will provide a number of seminars highlighting efforts to enhance Bitcoin BCH mining activities and providing expert participation on how miners can get the most out of their mining efforts. Coming on the heels of the Bitcoin BCH upgrade scheduled for the middle of the month, this is going to be a fantastic opportunity to look at where the network has been and how the upgrades are impacting mining activity.
Other days of the conference will target different aspects of Bitcoin BCH and the role it plays in a global retail digital economy. Bitcoin BCH is the only cryptocurrency that is dedicated to producing a digital currency that can be used by anyone, anywhere and is continuously receiving more support by merchants and crypto enthusiasts for its rapid network capabilities and extremely low transaction costs.
CoinGeek’s conferences were first launched in May of this year. They have quickly garnered significant attention in the crypto ecosystem because of the information they deliver and their ability to attract some of the most highly qualified experts in the field. This November’s conference will offer a series of discussions, Q&A sessions and networking opportunities that make it a valuable tool for anyone looking to step deeper into the cryptocurrency space.
There are only just about three weeks left until the conference kicks off. Attendance requires a reservation and response has already been tremendous, given as it’s the perfect opportunity to meet the members of the BCH community and discuss not just the ongoing reality of Miners Choice for Bitcoin going forward but also why enterprise applications needing Bitcoin should stop moving in order for the ecosystem to grow.
Don’t delay—you can purchase your ticket today using either Bitcoin BCH on the CoinGeek website or, if you prefer, with a credit card through Eventbrite. Come be part of history.
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.
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CoinGeek Week is now less than a month away and its popularity continues to rise. It has become such an important conference that an additional day had to be added. Now, a day specifically for the cryptocurrency mining community will be held at the start of the conference, giving miners invaluable insight into what’s in store for the future.
November is going to be an important month for Bitcoin BCH, as well as the cryptocurrency industry in general. With the introduction of Bitcoin SV—the full-node Bitcoin BCH implementation—and the upcoming protocol upgrade, there is a lot going on. The introduction of the SVPool, a public mining pool for Bitcoin BCH, is also making waves, having already attracted almost 10% of the global hash power since launching barely a week ago.
In attendance at the conference will be those involved with SVPool and CoinGeek Mining. This will be an excellent opportunity for miners to learn how they can help make Bitcoin BCH reach its full potential. Whether you’re an experienced miner or are just looking to launch operations, Miners Day will give you all the insight you need.
CoinGeek Week will be held at The Mermaid at Puddle Dock in London, England from November 27-30—it was initially scheduled for November 28-30, but Miners Day was added to the front end. The event will provide attendees with an opportunity to interact with, and learn from, a number of cryptocurrency experts and will provide multiple opportunities for attendees to expand their networks.
Following the last day of the conference, CoinGeek will hold one of its famous after parties for attendees. It will be a time of celebration, bringing to close a momentous event that is destined to shape the cryptocurrency ecosystem.
Space is limited and tickets are required to attend the conference. If you would like to pay with Bitcoin BCH, you can easily do so through the CoinGeek Week website. If you prefer to pay with a credit or debit card—Visa, MasterCard or American Express—tickets can be purchased through Eventbrite. Don’t miss out on this important opportunity to be a part of the future.
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.
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It was initially planned as a single-day event. Then, it was expanded to three days due to overwhelming demand. Now, the CoinGeek Week Conference scheduled for next month in London has added an additional day in response to an increased request. The four-day conference will lead off with a day specifically for cryptocurrency miners.
Originally scheduled for November 28-30, the additional day will see the event now begin on November 27. Miners Day will include activities designed to help miners better understand how mining is evolving and will discuss several of the popular advancements in the Bitcoin BCH community, including the extremely popular Bitcoin SV, the full-node implementation for the Bitcoin BCH blockchain.
The other days will continue as initially planned. November 28 is Application Developers Day and November 29 is Applications Merchant Day. All of the first three days will include a networking event following the activities to give attendees the perfect opportunity to mingle with others and expand their lists of business contacts. The networking events are also a great opportunity to forge new partnerships and help with global expansion of cryptocurrency.
The final day, November 30, is an important day for everyone. It will cover an array of topics that detail where cryptocurrency is headed and what merchants and enthusiasts can look forward to with new innovations. It is an incredible look at what’s in store for the future. Wrapping up the entire conference will be a Calvin Ayre-sponsored after party for those who attended all days of the event.
The conference will be held at The Mermaid, Puddle Dock in London. The unique venue is the perfect location for holding an event of this magnitude and is easily accessed from any of London’s public transportation offerings, as well as area hotels.
November is right around the corner, which means time is running out. Payments with Bitcoin BCH are accepted through CoinGeek, but if you prefer to pay with American Express, Visa or MasterCard, payments can be made through Eventbrite. Purchase your tickets now before they’re gone and come see why Bitcoin BCH is the real future of currency.
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.
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Musician turned cryptocurrency investor Alexander Shulgin has joined bComm Association as a founding director.
The multi-awarded Russian Siberian composer, with more than 50 No. 1 hit songs, is probably best known for “successfully walking the line between rock and classical music.” After the fall of the Berlin Wall, however, Shulgin has spread his wings, becoming an entrepreneur and investor in new technologies.
Shulgin currently manages Gruppa Kompaniy Familia, which specializes in investments in blockchain technology, new media, publishing, and entertainment sectors. The 54-year-old is considered one of the global experts in topics such as Transformation of Global Economy, Creative Economy, blockchain tech, and media, entertainment and sports (MES) sector, and takes part in exhibitions and conferences around the world.
Now, the world-famous Russian composer, not to mention Russia’ most prolific investor in new technology, adds a new feather to his cap—becoming a founding director of the bComm Association, a global network that brings together merchants, developers, miners and exchanges in the Bitcoin BCH community creating the first dedicated platform for bCommerce.
Shulgin joins other bComm Association founding directors: nChain CEO Jimmy Nguyen, Rawpool founder David Li, and Ayre Media Europe General Manager Emmanuel Duran Campana.
All founding members are leaders in various areas of the BCH community; however, the membership is open to more than BCH proponents and businesses. The bComm Association is free to join and open to all crypto enthusiasts and laypeople who want to learn and explore Bitcoin BCH with the hopes of bringing people together and facilitate communication.
Interested in learning more about bComm Association and Bitcoin BCH? Meet with the founding members at the upcoming CoinGeek Week Conference, happening in London on Nov. 28-30, and learn more about how you can help spread the adoption of crypto as a legitimate alternative to fiat currency. Tickets to the three-day conference are still available via Eventbrite.
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.
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CoinGeek is one of the most well-respected organizations working to ensure global adoption of Bitcoin BCH. Its founder, Calvin Ayre, works behind the scenes – and often in front of the curtain, as well – to campaign for developments that will ensure the cryptocurrency follows the correct path toward having it recognized as the legitimate digital currency that it is. The efforts, combined with those of other crypto experts, are helping to shape the future of currency. As part of the campaign to give crypto enthusiasts – as well as the entire merchant community – the ability to understand what is going on with the changing industry and the important role Bitcoin BCH has in retail, CoinGeek has organized its latest cryptocurrency conference, scheduled to be held next month.
The CoinGeek Week Conference was initially slated to be just a one-day event. However, due to consumer demand, it had to be split across three days. It will be held November 28-30 at The Mermaid at Puddle Dock in London, England. The location couldn’t be better – easily accessible by multiple methods of transportation, with a large conference area and incredible views.
November 28 will be dedicated to application developers, those minds that are helping to drive new applications and use cases for cryptocurrency. There will be discussions lead by Joannes Vermorel of Lokad and the Money Button’s Ryan X. Charles, as well as others, on the exciting opportunities of blockchain development. Stick around after the day’s events for a networking conference that will give attendees the opportunity to meet new associates and expand their business circles.
November 29, Day 2, will focus on merchants. The day will provide invaluable insight from a number of experts on how merchants can benefit from Bitcoin BCH and how it can help any retailer increase their bottom line. Opening a business to accept Bitcoin BCH payments is as simple as opening a cash register drawer and the rewards are tremendous. A networking opportunity will follow the activities of the day – a perfect opportunity to expand business relationships and forge new alliances to see your business grow.
November 30 is about the future. Cryptocurrencies are here to stay – this is an undeniable fact. Getting involved now will make a difference in a business’s operations down the road and the information presented today will be the best way to prepare for tomorrow. Following the conference, there will be a Calvin Ayre-hosted after party for those who attended all three days. CoinGeek after parties are the ultimate gatherings and are not easily forgotten.
Don’t wait to purchase your tickets. Discounts are available to those who purchase tickets to all three days, but space is limited and time is running out. Tickets are available for purchase with Bitcoin BCH or through Eventbrite if you want to pay with a credit or debit card.
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.
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Alex Fauvel, analyst for CyberCapital BV, discusses with CoinGeek’s Becky Liggero the advantages of cryptocurrencies, specifically Bitcoin Cash (BCH), compared to central bank-issued fiat notes.
Alex Fauvel, who has served as analyst for CyberCapital BV, is also a partner in startup TwoHop Ventures. His background in mechanical engineering doesn’t scream a career in cryptocurrencies, but it has served him in his understanding of the subject.
“When I was doing my research in what makes cryptocurrencies special, I came across this concept called thermoeconomics. I’m a mechanical engineer by trade and I’ve studied thermodynamics, and when I read what it effectively proposed is that money is a representation of energy, and all of human interaction is just energy. So when you frame money as energy, when a central bank prints money, they’re stealing energy from the civilization,” he said.
This talk of energy may be a little hippie-sounding, but Fauvel keeps the conversation grounded in tangible instances. “[Y]ou can make parallels with that in biology. You have this dynamic called the red queen hypothesis which is parasites and hosts, and parasites steal energy from a host. So in that respect, central banks really act like parasites, and if they get too big, they kill both the parasite and the host,” he said, which brought to mind the 2008 American housing crisis where Bitcoin—whose first real application was poker—emerged as a possible alternative to traditional financial institutions.
Cryptocurrencies have been regarded as a way to bring back sound money, yet the scaling problem of BTC shows that even the new technology could be subject to centralized powers.
“When I first discovered cryptocurrencies in 2013, like everyone I fell in love with Bitcoin. And then it broke my heart, just like Brian Armstrong from Coinbase. And Ethereum was all the rage. Something never really sat quite right with Ethereum to me, and that’s partly probably because it was supposed to be built on [BTC]. And then Bitcoin Cash happened,” Fauvel said, with BCH able to surmount what BTC couldn’t. But he wasn’t on board immediately.
“To be honest, before the fork, I didn’t think a minority fork could survive, but then my understanding of the incentive mechanisms that drive miners to continue to mine developed, so that I realized they’re not hostile. And if they are hostile, the whole thing breaks down, but because they are part of the system, they’re never going to be hostile,” he said.
If you’re interested in helping the growth of merchant adoption of Bitcoin BCH, join the bComm Association, an industry group that intends to be the focal point for miners, merchants, exchanges, developers and members of the BCH community. Developers and merchants of the Bitcoin BCH community will also be on hand for the first CoinGeek Week happening in London in November. Members of bComm Association can avail CoinGeek Week tickets at discounted prices. To purchase tickets or learn more about CoinGeek Week Conference, visit the official website here.
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.
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In this Coinversation with CoinGeek’s Becky Liggero, crypto pioneer James Howells talks about how his crypto journey started and why he’s a big proponent of Bitcoin Cash (BCH).
When James Howells talks about the virtues of Bitcoin Cash (BCH), you’re sure he knows what he’s talking about. After all, he’s been there. From the very beginning.
“I was one of the first six people on the network to mine Bitcoin. The difficulty level was zero. I launched my clients, started mining Bitcoin, and left it running overnight, until I was advised to stop by my ex-girlfriend, because the noise of the fans was keeping her up at night,” Howells told CoinGeek.
When he looks back to those times, and compares them to now, it is Bitcoin BCH that he sees working the way Satoshi Nakamoto’s cryptocurrency was supposed to.
“Bitcoin Cash represents the Bitcoin blockchain that I used back in 2009. When I first started mining, I started with my engineering work laptop and quickly realized that I needed a more powerful laptop. I began mining then with my personal laptop, which was a gaming machine, by then sent my original 400 coins that I’d mined from my engineering laptop to my personal laptop. That transaction fee cost me zero. If I want to do the same thing today, 400 coins being sent on the BTC chain, it costs me $5 in fee. In terms of technology, we have gone backwards,” Howells said.
This isn’t some negligible amount, especially when looking at the economy as a whole. “In the end of 2017, everybody knows about the [BTC] price increase but at the same time, fees were increasing rapidly. When Bitcoin Cash spikes in price, the fees don’t spike with it. That is the real Bitcoin that I used back in 2009, and it’s the real Bitcoin that many other early adopters have also backed and used,” he said.
Nowadays, Howells is busy promoting his miniPOS system, designed for businesses to accept BCH easily and securely. No one knows the value of taking care of one’s private keys, or the pain of losing them, as he does, after having lost millions of dollars’ worth of BTC.
“Unfortunately in 2013, the hard drive containing the private key was mistakenly thrown into the bin, which was then put into my local landfill or rubbish dump,” Howells said, probably the millionth time he’s told the story. He’s moved on, and is now focused on giving merchants and customers a great way to complete BCH transactions.
“miniPOS basically started as an open-sourced project between myself and three developers on Bitcoin Cash Slack channel. We came across this software, and we’ve now refined it into an actual product which can be purchased by merchants in order to accept Bitcoin Cash in store for goods and services, with checkout times in 10 seconds or less. There are absolutely zero private keys held on this device, so there’s no chance of losing any funds by using this device. The actual storeowners can leave the store, they can leave the cashier in charge, and be safe in the knowledge that the funds that they have received will not be stolen,” Howells said.
If you’re interested in helping the growth of merchant adoption of Bitcoin BCH, join the bComm Association, an industry group that intends to be the focal point for miners, merchants, exchanges, developers and members of the BCH community. Developers and merchants of the Bitcoin BCH community will also be on hand for the first CoinGeek Week happening in London in November. Members of bComm Association can avail CoinGeek Week tickets at discounted prices. To purchase tickets or learn more about CoinGeek Week Conference, visit the official website here.
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.
The post James Howells on BCH: This is the real Bitcoin appeared first on Coingeek.
CoinGeek’s Stephanie Tower spoke with CoinText CTO Vin Armani about the app’s ability to reach people who otherwise would have no use for blockchain technology, and how similar phenomena are becoming more common.
When one thinks of blockchain, the need for an internet connection is usually implied. However, CoinText makes it possible to transfer sums of Bitcoin Cash (BCH) with only the use of good old-fashioned SMS. The app, currently in public beta release, is already being used for hundreds of thousands of transactions.
“This is the type of thing what we wanted to do with this is we wanted to make a product that was so simple to use, that even somebody’s 70-year-old grandmother who has no experience could easily use it, there’s no signup required, ” Vin Armani, CoinText’s CTO, said.
Because of the use of phone numbers instead of their paired private keys, it is possible to use phones from a decade ago, prior to the popular adoption of the iPhone and Android devices. According to Armani, “This is one of the first times that we’ve been able to have mobile cryptocurrency transfer, and people can even use their old feature phones, you know, the old flip phones.”
Because no signup is needed, one can be brought into the world of Bitcoin “in literally 30 seconds,” he said, noting that, “For us, it’s an adoption engine, really.”
CoinText has been operating initially in English-speaking countries, such as the United States, Canada, UK, Australia and South Africa, among others. To entice customers, a small free amount of BCH is offered for one to start sending.
This shift, from the strictly blockchain world to outside of it, is going to continue, and Armani is confident enough to say, “I’d prefer to take crypto over fiat, over PayPal, over credit cards. I think more merchants will in the future.”
He said that just by virtue of accepting crypto payments, one has an advantage over other merchants. “You’re going to get a whole lot of customers that simply won’t patronize your competitors. So right now there’s a huge competitive advantage like, if we get outside of the technical, of the fees, get outside of all of that, right now is a prime opportunity for merchants to jump in and get all kinds of customers just on a marketing basis, simply by accepting Bitcoin Cash. We’re ready to spend it with them, so as soon as they adopt it, they’re just going to have a flood of the most awesome and loyal customers that they could possibly imagine.”
The future of Bitcoin, in particular, is bright, in terms of mainstream adoption. Armani said, “By far, this is the best chain. Zero-confirmation is probably the most important thing, and Bitcoin was always supposed to be instant,” he said.
If you’re interested in helping the growth of merchant adoption of Bitcoin BCH, join the bComm Association, an industry group that intends to be the focal point for miners, merchants, exchanges, developers and members of the BCH community. Developers and merchants of the Bitcoin BCH community will also be on hand for the first CoinGeek Week happening in London in November. Members of bComm Association can avail CoinGeek Week tickets at discounted prices. To purchase tickets or learn more about CoinGeek Week Conference, visit the official website here.
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.
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