3 things you need to know about BSV

Editor's Note: This article comes fromBlock Beats BlockBeats, reprinted by Odaily with authorization.

Editor's Note: This article comes from

Block Beats BlockBeats
, reprinted by Odaily with authorization.

What word comes to mind when you see the name Craig S Wright?

WikiLeaks even built a Github, listing Litecoin founder Li Qiwei, BCH developer Amaury and other bigwigs' past recognition of the statement "CSW is a liar".

But he also has supporters, such as foreign nChain companies, the core domestic fan group "Skull and Bones", and independent developers.

Subjectively, we cannot judge the relationship between CSW and Satoshi Nakamoto, but objectively, you have to understand the following things about CSW and BSV.

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"Bitcoin" in the eyes of CSW

Most people understand that Bitcoin is a store of value, a blockchain application, and a cryptocurrency that monopolizes 70% of the current overall market value, but CSW does not see Bitcoin that way.

If you don't follow BSV, you may not know that CSW has been publishing his understanding of Bitcoin on Medium. Especially when his Twitter was banned, Medium was the main channel for his views. The output of these opinions has also become a channel for BSV supporters to understand the ideas of CSW. From these articles, we can roughly see what Bitcoin looks like in the eyes of CSW.

In his view, Bitcoin has privacy, but it is not anonymous. Anonymity and privacy are two completely opposite keywords. Bitcoin's script can calculate any computable number, so Bitcoin is Turing complete. And because Bitcoin is Turing complete, it needs a large space to calculate, which is why BSV takes the route of large blocks.

And Bitcoin was not designed to be used for crimes. The anonymous coins of Zcash and Monero are really used for crimes. Bitcoin is embracing supervision, and everyone can see every transfer. CSW has expressed the hope that Bitcoin can cooperate with the government, such as taxation. In "Cryptocurrency and Taxation", CSW mentioned that scripts can be integrated into Bitcoin to promote fairer taxation.

In addition, CSW has explained or discussed in the article why BSV embraces regulation, what is Simplified Payment Verification (SPV), and what functions Bitcoin-based MetaNet can achieve, etc.

It is undeniable that there is currently no direct evidence to prove that CSW is Satoshi Nakamoto, but just looking at the understanding of Bitcoin, few people can explain the technology, code, and development thoroughly, and it is difficult for someone to continuously and frequently output for Bitcoin. Bitcoin view. And when we understand Bitcoin in his eyes, we also understand why he parted ways with Jihan Wu, and understand why the BSV ecosystem has grown to more than 300 applications.

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nChain's blockchain patent

"nChain has already obtained a patent for smart contracts executed by the blockchain. If you want to use it in the future, you must obtain authorization."

In November this year, similar topics were encrypted and hotly discussed on Twitter. Although open source is an important business card of cyberpunk, in the current savagely growing cryptocurrency world, this company called nChain, after several After years of development, it has become the company with the most encryption or blockchain technology patents, just like a "big family" of patents.

As early as 2015, the technology company began to experiment with patent applications, filing dozens of applications in that year alone, and this pace of expansion continued into 2019. According to data disclosed by CoinGeek in October this year, 826 patents have been acquired by nChain, and more than 1,450 patent applications have been successfully submitted so far.

In fact, nChain, a patent "big household", used to have another name - EITC Holdings (EITC Holdings). On April 12, 2017, nChain was acquired by SICAV plc, a high-tech private equity fund headquartered in Malta. After the transaction was completed, the headquarters Managed by Accuro Fund Solutions in Zurich. The reason why nChain has such a rich patent reserve depends on the company's talent pool of dozens of first-class scientific research and engineering talents around the world.

But for a long time, this company with the most patents has been veiled. Except for CSW, it is difficult for us to find a spokesperson for nChain. When nChain was acquired, Arthur Davis (Arthur Davis) was Appointed as a company director, he once told the media, "(The company) does not allow employees to post on LinkedIn, not even to use business cards."

CSW, who seems to be inextricably linked with nChain, is naturally regarded as the owner of nChain by the outside world, but in fact, CSW, who is nominally the chief scientist of nChain, actually has no shares in the company and does not hold a directorship. All patent property rights are owned by the company. The actual controller of this company, which holds a large number of blockchain-related patents, is actually Calvin Ayre, the founder of the online gaming company Bodog, who is also an important operator of BSV.

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Ecology of BSV

The term ecology is more common on public chains such as Ethereum and EOS where smart contracts can be deployed. For example, decentralized finance, prediction markets and other tracks on Ethereum are all part of the Ethereum ecosystem.

When it comes to Bitcoin, many people don't know that there are more than 300 applications on the BSV network.

At the CoinGeek conference on November 30 last year, CSW gave an example of a used car. Now when buying a used car online, the merchant tells the buyer all the information about a car, but the buyer may not believe it, because the trust issue is too big. Seriously, buyers cannot verify what merchants say. But on the chain, how many times a used car has been repaired, how long it has been used, and where it has been involved in accidents, all these information will be recorded by different groups. Buyers will have no trust issues at all, because the information on the chain is cross-verified and it is difficult to falsify.

In other words, what he wants to build is an Internet based on blockchain. And this year, BSV applications have indeed had many Internet applications.

As small as clocks and watches, Mario games, as large as mailboxes, photo social networking, and even large-scale Internet applications such as Weibo, Twitter, and 58.com, corresponding blockchain versions such as Weiblock, Twetch, and cityonchain have been developed on BSV .