Jimmy Wales, the Wikipedia co-founder, has insisted that Bitcoin SV (BSV) does not offer anything for Wikipedia. Wales was speaking after the team behind the CoinGeek London conference announced his participation as a keynote speaker. The conference promotes Bitcoin SV to stakeholders
The speaker announcement read:
“Until the emergence of Bitcoin SV (BSV) to reclaim Bitcoin’s original design, no blockchain had the scalability to power micropayments to efficiently reward better user information and handle the staggering amount of data Wikipedia carries.”
But, Wales responded with a tweet on February 7, saying:
“Your marketing materials need to be updated immediately — as people seem to be reading this as some endorsement from me. I’m coming to speak my mind, which includes that BSV offers nothing for Wikipedia and that there is zero chance we would ever use it.”
The tweet aroused mixed reactions in the entire crypto community as various commentators questioned Wale’s intention to attend this conference.
BSV had a major update
Recently, BSV performed a scheduled upgrade named Genesis on February 3. The upgrade resulted in a minor chain where to BSV versions exist at the time. Genesis changes most of the consensus rules for BSV to eliminate all remaining limitations.
According to a BitMEX Research report, the upgrade took place at about 8:30 PM EST or block-height 620,538. The block size is now effectively unlimited. Instead of existing as hard-coded node software, the block size limit is now a significant parameter that miners can reduce manually. Thus, the general plan of this change appears to enable Bitcoin SV to try to handle an:
“Array of data, tokens, smart contracts, content delivery, enterprise applications, the Internet of Things, and other uses”
Official reports confirm that it will feature a set of protocol restorations that will roughly enable a return to the original Bitcoin protocol of August 2009. Once the original Bitcoin protocol is restored, it will be kept stable. That will enable it to scale by eliminating the limits that can be set in a block significantly.
A majority of the other limits were raised too, including the maximum size of a transaction and the number of owners for a multisig wallet. Although Bitcoin Cash is the first major hard fork of Bitcoin that was created in August 2017, BSV is a subsequent hard fork of Bitcoin Cash. It is associated with the self-proclaimed creator of Bitcoin, Craig Wright.
Wright was recently accused of confusing an ongoing trial proceeding, but that has not affected the BSV market price.