Original Bitcoin Protocol to be Restored on 4 February 2020 to Enable a Fully On-Chain World
LONDON, — Bitcoin’s original design is back with the Bitcoin SV (BSV) network’s hard fork on 4 February 2020. The hard fork is code-named “Genesis” because it returns the Bitcoin protocol as closely as possible to the original released in 2009 by Bitcoin’s creator Satoshi Nakamoto (aka Dr. Craig S. Wright). Rather than an “upgrade,” this is more accurately a protocol “restoration.” This is a key step in Bitcoin SV’s journey to finally unlock the massive on-chain scaling power and greater technical capabilities that were always possible with Bitcoin’s technology platform. Bitcoin SV can now enable a world where data, transactions and digital activity of all types can be “on-chain” on a single public blockchain, just like the world operates online on a single public Internet.
Bitcoin SV emerged from the world’s first Bitcoin hash war in November 2018 as the new name for Bitcoin’s original protocol, after prior developer groups (Bitcoin Core…