Bitcoin SV Technical Standards Committee Releases Organizational Roadmap for 2021-2023

[ad_1]

ZUG, Switzerland August 19, 2021 Bitcoin Association, the Swiss-based global industry organization that works to advance business with the Bitcoin SV (BSV) blockchain and digital currency, today announces that the Bitcoin SV Technical Standards Committee (TSC ), an industry-led standards-setting organization for the Bitcoin SV ecosystem supported by the Bitcoin Association, has released its organizational roadmap for 2021-2023.

The TSC was created to professionalize the development of Bitcoin technology to support the large-scale use of businesses, consumers, and governments, as well as to accelerate global adoption. It strives to promote technical excellence and improve interoperability in the BSV ecosystem through standardization. The committee aims to facilitate industry participation and representation in the development of global standards that will foster technical excellence and improve interoperability in the Bitcoin SV ecosystem.

The roadmap covers five key areas (portfolios, customer services, data chain, regulation and compliance, mining) and five key flows (SPV customer tools, SPV customer services, data and token interoperability, GAFI compliance, mining interoperability ) that the TSC will focus over the next two years. Several proposed standards, along with prior art considerations, are also included in the roadmap, illustrating the vast appetite for standardization in the BSV ecosystem.

The TSC and its members act as facilitators throughout the standardization process, implementing governance structures and supporting the standard from draft to publication, allowing for both public participation and representation. Of the industry. Its committee is made up of 10 members, representing seven countries and a diverse subset of companies across the broad BSV ecosystem.

Earlier this year, the TSC announced that the first technical standard to complete its rigorous standardization process and move to publication was the Merkle Standard Evidence Format, a fundamental part of the simplified payment verification model that underpins the Bitcoin scaling.

To view the roadmap for 2021-2023 and learn more about how you can help develop standards for the BSV ecosystem, visit tsc.bitcoinassociation.net

Commenting on today’s announcement, the founding president of the Bitcoin Association, Jimmy Nguyen, said:

The Bitcoin SV Technical Standards Committee is a core initiative of the Bitcoin Association to professionalize development in the BSV ecosystem. We have seen that the processes implemented by the TSC are working, with the first Merkle Standard of Evidence released earlier this year and several more now making progress in the standardization process. More importantly, there has been substantial public and industry participation, a factor that will only improve with the release of the 2021-2023 roadmap. With a clear path forward for the next two years and a diverse set of priority areas, I hope the roadmap will encourage more stakeholders to get involved in the standardization process and help build the future of business. in chain with BSV.

Also commenting, Bitcoin SV Technical Standards Committee Chairman Steve Shadders said:

The publication of the 2021-2023 roadmap represents a significant achievement for the Bitcoin SV technical standards committee and the culmination of several months of work for both the committee and its members, as well as the Bitcoin SV ecosystem in his ensemble who participated in large numbers. The strength and success of the committee and more broadly of standardization as a whole rests on the adoption and contribution of industry. As we work over the next two years to achieve the ambitious agenda outlined in the roadmap, I hope this will be seen as a clear sign for both the Bitcoin SV ecosystem and the business community that Now is the time to get involved and contribute to the development and professionalization of BSV.

Media contact

Alex Speirs Communication Manager [email protected]

About the Bitcoin association

Bitcoin Association is the global industry organization based in Switzerland that works to advance business on the Bitcoin SV blockchain. It brings together essential components of companies in the Bitcoin SV ecosystem, start-ups, developers, traders, exchanges, service providers, blockchain transaction processors (miners) and others working alongside them. , as well as representative, to go further. use of Bitcoin SV blockchain and adoption of BSV digital currency.

The Association strives to create a regulatory-abiding ecosystem that promotes legal conduct while facilitating innovation using all aspects of Bitcoin technology. More than a digital currency and a blockchain, Bitcoin is also a network protocol; Like the Internet Protocol, it is the basic set of rules for an entire data network. The association supports the use of the original Bitcoin protocol to mine the globally unique blockchain on Bitcoin SV.

New to Bitcoin? Check out the Bitcoin for Beginners section of CoinGeek, the ultimate resource guide to learn more about Bitcoin initially envisioned by Satoshi Nakamoto and the blockchain.

[ad_2]