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Cryptocurrency Updates | Bitcoin SV Group Changes its Name to Bitcoin association


A group aiming for Bitcoin SV (BSV), nComm, decided to change its name to "Bitcoin Association" as their social media.

The new name reflects the Bitcoin SV project to capture the original vision of their cryptocurrency, said Jimy Nguyen from nChain.

"Everyone knows Bitcoin because of its vision to be peer-to-peer electronic money in the world, but it will be a lot more. Now BSV has revived the original Satoshi Vision, there is a scaling plan and a technical roadmap for Bitcoin to become a world data ledger and data network, "


Unlike Bitcoin which has blocks smaller than 10,000 Nodes, Bitcoin SV Network aims to be very large.

The Bitcoin Association and the Bitcoin SV project, will not claim ownership of the Core Bitcoin network. The Bitcoin SV Blockchain currently has a small portion with the power of hashing. However, related Projects and Organizations still see their role as popularizing the form of cryptocurrency.

"It's been too long, Bitcoin travel has been restricted and diverted by a group of developers who switched from Satoshi Vision. 10 years after the blockchain began, BSV returned Bitcoin to the right track. We encourage businesses in the world to join us and help unlock the true strength of Bitcoin, "Nguyen added.

Source: Cryptovest


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