nChain’s Jimmy Nguyen States Stability Is Everything for Bitocin Satoshi’s Vision (BSV)


BSV or Bitcoin SV was officially launched in November last year after what many crypto experts believe was a messy BCH (Bitcoin Cash) hardfork. You should remember that many BCH proponents have always believed that the coin is the only one that has remained true and consistent to Satoshi Nakamoto’s whitepaper.

Today, the people behind the project have been gunning for it to be widely accepted by the community. The calls behind the mass adoption are influenced by the fact that the project claims to have a no-limit methodology. The project has in the recent past started to receive support from various crypto leaders as can be seen below.

Jimmy Nguyen Remarks

Jimmy is not only one of the leading BSV proponents, but he also happens to be the bComm association founding president and the current Chief Executive Officer of nChain. In his remarks, he noted that the BSV project, since its inception has tried to push various boundaries, particularly in matters to do with scalability, applicability, and data size limits.

In his interview with Coingeek, Jimmy stated that it was good to see that the path that was followed by the BSV project has been proven to be the right one. This is in reference to the fact that it is based on the initial vision developed by Satoshi, which dealt with the elimination of limits.

It is also a path that has made it possible for the BSV project to scale as much as it has today. The path has enabled developers around the world to come up with new ideas on how they can use Bitcoin. All that the developers need for them to get started is to be provided with unlimited power and potential and leave the rest to them.

Jimmy went on to add that one of the most significant changes that had occurred in the blockchain was an enhancement of the OP_RETURN. Apparently, its expansion has made it possible for networks to be able to transmit huge chunks of data without the coins having to be split up.

The idea to do this was arrived at after an agreement was reached with various miners. According to Nguyen, this consensus will make it possible for BSV to become the next global information carrier network that will enable blockchain to start storing and transmitting information across the globe.

BSV made headlines in the crypto industry in the past week when an image believed to be illegal was around to float around on its network. The incident was described as unfortunate by BSV leaders. Nguyen and Craig Wright, a scientist working with nChain were some of the people who issued statements on the image issue.

They were, however, fast to add that this issue was also true for Ethereum and Bitcoin, and was as such not limited to BSV. By changing the protocol, Nguyen is convinced that it will only be a matter of time before BSV gains structures similar to those of applications such as Dropbox.

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