How BCH got Tokenized – by a team that’s only met each other once

James Belding only started working on Tokenized, the project that’s just won him a £5 million prize from CoinGeek, when he found he couldn’t take his business idea forward without it.

Tokenized is an open-source protocol that allows tokenization on the Bitcoin BCH blockchain. And that was exactly what CoinGeek was looking for in its competition.

James was an electrical engineer, working in the oil and gas industries in Australia when cryptocurrency caught his attention back in 2013. He was hooked – but it was only in November last year with the arrival of Bitcoin Cash that he decided to devote himself full time to understanding how crypto works and to try to “add something to it, to make it better”.

He wanted to start a business to help people use blockchain to set up smart contracts. And he wanted to do it on the Bitcoin BCH blockchain, which he believed had the most potential. But he found there wasn’t a way to add contracts to BCH: “I was getting a bit frustrated, thinking ‘surely someone’s going to come up with this’ … but no-one did. So I started designing it myself”.
James put his own money into the project, assembling a group of four colleagues with a wide range of skills, from the technical to the legal. The team, spread around Australia and Singapore, have only met in person once, at his home. But they’ve worked together successfully to create Tokenized, which he believes can transform BCH into “a sort of a commercial Internet on which all commerce is done”.

He sees Tokenized as having a value far beyond any help it will give to his own fledgling business: “I think that a really important part of Bitcoin unleashing its value to the world is that it becomes used for all sorts of data.”

Tokenized offers protocols for over 40 separate kinds of contract, with all the necessary legal parameters specified. That’s meant he and his team have had to study commercial law, and now have lawyers combing through their work, making sure it’s all watertight.

Tokenized is not just for big financial or legal contracts: it could be something as ordinary as selling movie tickets. It’s a “structured template so that everyone involved in tokenized transactions knows what to expect.” It guides you to fill in the information that’s required in order for a contract to be valid. “I want to make it easy enough that anyone can do it and anyone can benefit from it.”

Now James’ original business idea can move forward “to take the value that’s in this protocol and bring it to market.” And he isn’t worried that competitors could also use Tokenized to create businesses to compete with his own. He says he welcomes anyone wanting to make use of Tokenized: “I think everyone’s going to do great in this space if we can make Bitcoin Cash what it can be. And everyone who’s involved in these early days is going to do very well.”

CoinGeek is celebrating James’ success by inviting him to speak at the CoinGeek Week Conference at the end of November. He’s bringing his whole team to London – so there’ll be a great chance to celebrate their win together. No doubt they’ll be raising a glass as they meet in person for the second time.

The first version of Tokenized will be released on November 13. James will be speaking on The Future of Commerce at the CoinGeek Week Conference on November 29.

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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Hong Kong Bitcoin BCH Miners Summit recap

On November 2nd, sponsored a Bitcoin BCH Miners Summit at The Grand Harbour in Hong Kong. The event was a chance for Bitcoin BCH miners to network and learn why Bitcoin SV is the BCH implementation they should choose for the upcoming upgrade on November 15.

Tony Tong, the co-chairman of the Hong Kong Blockchain Association, was the host for the proceedings and opened up with a warm welcome to the miners before introducing the first speaker for the day, nChain Chief Scientist Dr. Craig S. Wright.

Dr. Wright spent his time painting a picture of the possibilities and future opportunities for miners if they can use their collective power wisely.

He spoke of the importance of not leaving the future to the developers who want to make major changes every six months and increasing its complexity, stressing, “We are not throwing out bitcoin because Bitcoin works, there is no need to make it harder as simplicity is critical.”

Dr. Wright asked the audience to look to the future, a future in which mining companies held the same respect the banks used to before the financial collapse.

Miners should focus on creating generational businesses that can be passed down to their children rather than focusing on the get-rich-quick empty promises of ICOs which are like the IPO mills of the late 1990s.

The entirety of Dr. Wright’s speech will be available on in a few days.

nChain’s Jimmy Nguyen was next to the stage to speak on the four pillars on which Bitcoin SV sits, saying, “Bitcoin SV is created with four pillars in mind. It is a BCH protocol implementation that is stable, scalable, secure, and enables safe instant transactions. Those pillars advance the Satoshi Vision for Bitcoin BCH to reach global adoption as the new money and the dominant global public blockchain.”

Nguyen talked about his belief that it’s time for Bitcoin to grow up and to lock in the protocols, just as the Internet protocol was locked in, thus allowing development of the internet into what we have today. The entirety of Jimmy Nguyen’s speech will be available on in a few days.

Steve Shadders, nChain’s lead developer, joined Nguyen on stage to spend time explaining the more thorough technical benefits for miners who use the Bitcoin SV implementation and the importance of removing the limits.

Shadders talked about Bitcoin SV allowing transactions beyond simple payments, transactions requiring blocks more massive than anything in use today.

Nguyen reminded the attendees that with each miner’s reward halving, miners would need to take on more transactions and earn more transaction fees to make up for the reduced reward.

The entirety of Steve Shadders’s speech will be available on in a few days.

After the break, Joe Chin of CoinGeek Mining gave a talk on the benefits of the SVPool and encouraged the mining community to give it a test run.

In his first official public appearance since winning the Tokenization contest, James Belding gave us a sneak peek at his award-winning on-chain BCH token solution which garnered a large ovation from the audience.

Speaking with James after, he told me, “It was exciting for me to finally be able to share what our team has been working hard on over the last few months.

I believe our token solution combined with a stable Bitcoin protocol, as Satoshi always envisioned, will help make BCH the global standard for distributed ledgers. I enjoyed meeting many of the thoughtful and passionate members of the Chinese blockchain community, and I look forward to my next time in Hong Kong.”

You will be able to meet James Belding and learn more about his Token solution at CoinGeek Week in London on November 27-30. To book your tickets, please visit here.

The final speaker of the day was Mr. Yuan Bo of CoinGeek Mining. Mr. Bo gave the room a sneak peek at the early test results for the upcoming Squire Miners. The tests indicate these will be the most cost-effective ASIC miners on the market when they are released, and the numbers created audible murmurs and a few loud cheers from the audience.

If you want to learn more about the Squire Miners, please be sure to attend CoinGeek Week’s Miners Day on November 27 in London.

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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2018年11月1日——CoinGeek很荣幸地宣布其500万英镑竞赛的赢家。此次竞赛目的是为比特币现金BCH区块链寻找领先的支付标记化解决方案。获胜项目为“Tokenized”,这是一个专为比特币现金(BCH)网络所设计且遵循最初的比特币“中本聪愿景”的链上代币系统。Tokenized 团队成员来自澳大利亚及新加坡,包括詹姆斯·博尔丁(James Belding)、塞缪尔·乔治斯(Samuel Georges)、 斯科特·巴尔(Scott Barr)、法里德·乌登(Farid Uddeen)及布伦丹·李(Brendan Lee)。



· 金融资产,如普通股和优先股、固定利率债券、浮动利率债券、期货、远期合约、掉期交易、期权、奇异金融衍生产品、货币、资产担保证券、债务抵押债券;
· 票券:电影,活动,航空旅行,交通和其他活动等;
· 信用和积分系统(优惠券、忠诚积分、碳信用、会员资格);
· 许可证。


CoinGeek创始人卡尔文·艾尔(Calvin Ayre)表明:


Tokenized系统从多个方面证明原始比特币中本聪愿景的可行性。它充分利用比特币现金(BCH)协议现存的技术特征,例如OP_RETURN中的元数据;它不需要任何新的op_codes或其他协议更改。它是一个链上解决方案,不会创建另外的代币层(与Bitmain Technologies所支持但富有争议的虫洞协议不同)。此外,Tokenized不需要燃烧比特币现金(BCH)货币来创建代币(同上,与虫洞协议不同),因此不会扰乱比特币系统的经济激励性和安全性。

nChain集团(CoinGeek支付标记化竞赛的合作伙伴)的首席执行官吉米·阮(Jimmy Nguyen),评论道:


CoinGeek创始人卡尔文·艾尔进一步阐述道:“这就是为什么比特币现金(BCH)协议开发者,如Bitcoin ABC,不应该将试验性更改强加在比特币原始设计上。原始的中本聪协议已有世界所需的一切。我们只需要将其恢复,让其保持稳定和大规模扩容。这就是为什么我一再敦促世界上所有的比特币矿工运用这个比特币现金(BCH)的全新比特币SV全节点实现方式,并支持中本聪愿景。”






Tokenized白皮书、协议规范和智能合约代码将于11月中旬发布供公众预览。如果您想了解更多以及获得相关消息,请访问并进行注册。您也可以在Tokenized Telegram频道上加入Tokenized团队:


詹姆斯·博尔丁(推特: @JamesBelding)
塞缪尔·乔治斯(推特: @daftspunk)
斯科特·巴尔(推特: @scottjbarr)
布伦丹·李 (推特: @coinstorageguru)

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 CoinGeek宣布“Tokenized”项目为比特币现金BCH代币解决方案的500万英镑竞赛赢家 appeared first on Coingeek.

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CoinGeek announces “Tokenized” Project as winner of £5M contest for Bitcoin BCH Token Solution

31 October 2018 – CoinGeek is pleased to announce a winner in its £5 million contest to find the leading tokenisation solution for the Bitcoin BCH blockchain. The winning project is “Tokenized,” an on-chain token system designed exclusively for the BCH network and proudly using the original “Satoshi Vision” design of Bitcoin. The Tokenized team is James Belding, Samuel Georges, Scott Barr, Farid Uddeen, and Brendan Lee – from the Brisbane, Australia area.

Tokenized combines capabilities of the existing BCH protocol with a standard open-source smart contract that is lower cost, more expressive, and more secure than any other system today. With Tokenized, it is now possible for anyone in the world to create and operate their own smart contract on the BCH network using customizable terms and conditions. They can then use the smart contract to facilitate the issuance, management, and exchange of tokens that represent real-world assets.

The Tokenized protocol enables creation and exchange of many kinds of useful tokens, including:

financial assets, such as common and preferred stock, fixed-rate bonds, floating-rate notes, futures, forwards, swaps, options, exotic derivatives, currencies, asset-backed securities, collateralized debt obligations;

tickets for movies, events, air travel, transportation, and other activities

credit and point systems (coupons, loyalty points, carbon credits, memberships);


Tokenized is unique in its focus on helping companies deal with real-world legal compliance issues. Real businesses want to abide by laws applicable to their tokens (such as securities regulations), and most investors and customers also want the protection of a legally compliant system. This principle is at the core of the Tokenized design, which provides token issuers with the ability to follow any set of laws or regulations from any agency, state or country in the world. It also provides tools for token issuers to enable enforcement of laws applicable to their token, and governance features for organizations to carry out a variety of votes (shareholder votes, referendums, etc.), all on-chain.

CoinGeek founder Calvin Ayre declares:

“With Bitcoin BCH ready to massively scale, we have all been waiting for token solutions to ignite rapid growth in BCH usage. The Tokenized solution enables tokenization of so many kinds of assets that it will spark a Cambrian explosion of useful tokens for businesses in all industries and even more applications on BCH. CoinGeek is thrilled to honor Tokenized as our contest winner, and support the project’s on-going work to show the full power of BCH.”

The Tokenized system proves in several ways that the original “Satoshi Vision” of Bitcoin works. It uses technical features already existing within the BCH protocol, such as metadata through OP_return; it does not require any new OP_codes or other protocol changes. It is an on-chain solution and does not create a separate token layer (unlike the controversial Wormhole protocol supported by Bitmain Technologies). Furthermore, Tokenized does not require burning BCH coins to create tokens (again, unlike Wormhole), which disturbs the Bitcoin system’s economic incentives and security.

Jimmy Nguyen, CEO of nChain Group (CoinGeek’s partner on the tokenisation contest), comments:

“We have always believed the original Bitcoin protocol, as created by Satoshi Nakamoto, contains everything needed for BCH to become the new money and enable advanced programmable functions. The Tokenized team proved that Satoshi Vision works. Our technical review team was impressed by how they used foundational elements in Bitcoin to deliver a technically elegant, comprehensive business-friendly system which is superior to other published BCH token solutions.”

CoinGeek founder Calvin Ayre further observed: “This is exactly why BCH protocol developers, such as Bitcoin ABC, should not be adding experimental changes to Bitcoin’s original design. The original Satoshi protocol already has everything the world needs. We just need to simply restore it, keep it stable, and let it massively scale. That’s why I urge all Bitcoin miners of the world to run the new Bitcoin SV full node implementation of BCH and support Satoshi Vision.”

James Belding, the protocol author for the Tokenized team, remarks:

“Our team is honoured to be selected as the CoinGeek contest winner because we all believe in Bitcoin BCH. The BCH network is now fully featured and is the only distributed ledger technology that can scale to serve every person on the planet. Our Tokenized system has been designed to harness the full properties of BCH’s native technology for smart contracts and tokens. I believe it is only a matter of time before nearly every asset is tokenized on the BCH network, and we have created our Tokenized solution to support the global scale and diversity of tokens that can done on BCH.”

To learn more about the Tokenized solution, come to the CoinGeek Week Conference in London on November 27-30. James Belding will be speaking about Tokenized, and the entire Tokenized team will be attending. Also, join the (free) bComm Association.

CoinGeek believes the BCH ecosystem can benefit from even more token solutions that advance the Satoshi Vision. Therefore, CoinGeek will keep its tokenisation contest open with a secondary award of £1 million available.  Further details will be posted on’s contest page in the coming days.


The Tokenized open-source white paper, protocol specification and smart contract code will be released for public preview in November. If you’d like to learn more and receive updates, please visit and register your interest. You can also join the Tokenized team on the Tokenized Telegram channel.

Tokenized Team:
James Belding (Twitter: @JamesBelding)
Samuel Georges (Twitter: @daftspunk)
Scott Barr (Twitter: @scottjbarr)
Farid Uddeen
Brendan Lee (Twitter: @coinstorageguru)

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 CoinGeek announces “Tokenized” Project as winner of £5M contest for Bitcoin BCH Token Solution appeared first on Coingeek.

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