Founding President of the Bitcoin Association Jimmy Nguyen brings us this week the latest updates on the technical developments in the Bitcoin SV (BSV) ecosystem.
First we have some updates from UptimeSV, winner of the first-ever BSV Hackathon at the CoinGeek Toronto 2019 conference in May. The project provides an application that allows the user to contribute the computing power of their mobile device to help enterprises test the uptime or downtime of their websites. This allows more localized data to be provided in real time to enterprises, while users get to earn BSV in exchange for participating in the node in the UptimeSV network.
In the past, Bitcoin has always been acquired by purchasing it from exchanges. However, UptimeSV is leading a paradigm shift in the Bitcoin economy where one earns Bitcoin rather than buying. With Bitcoin SV’s low transaction fees and enabled micropayments, one can easily invest or spend the earned BSV. The website has a new homepage where enterprises and users can register. UptimeSV now has a new look and is gearing up to launch its product. Check out the website here.
This week’s Satoshi shout-out goes to the projects MetaWriter and Metanet Planaria and their creators. nChain recently released the MetaWriter. a command-line tool which creates Metanet nodes and transactions on the blockchain in a hierarchical structure. nChain’s Jack Davis showed an excellent example of this on Twitter by building a tree of a simple photo album on the blockchain.
To use this tool to develop an application, you will need some BSV to fund the transactions. The best way to do this is to set up an independent wallet with a small amount of BSV for use in building Metenet nodes.