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Over the past decade blockchains have risen from niche technology understood by only a few to now a mainstream global technology which Is rapidly changing almost every industry.
A blockchain is a distributed ledger, an online database shared among the nodes of a computer network, where a wide range of data can be stored. There are many different blockchains and many uses, most people are now familiar with cryptocurrencies such as Bitcoin and Ethereum, or NFTs (Non-Fungible Tokens) such as Bored Apes and Crypto Punks, the underlying technology is blockchain but blockchains are capable of so much more.
Here at Satoshi Block Dojo our blockchain of choice is BSV.
BSV, also known as Bitcoin SV and Bitcoin Satoshi Vision, is a biologically inspired network called a ‘mandala network’. BSV is the original version of Bitcoin and follows the original Bitcoin white paper by Satoshi Nakamoto.
Here are some of the advantages of Bitcoin SV:
Extremely powerful network and currently the most eco-friendly blockchain
Carries huge amounts of rich data including fiat money data, audio, image, video, game and social media data
Can code all kinds of programs and AI algorithms, search algorithms, and big data from corporates and enterprise. BSV supports Javascript, Python, C++ and sCrypt
Extremely fast with no latency, transactions clear instantly
Extremely low transaction costs at $0.0001 per transaction
The BSV protocol is set in stone forever
Capable of over 1 million transactions per second
Supports CBDCs (Central Bank Digital Currencies, i.e. fiat money data)
Facilitates micropayments and nano-payments thus opening the door to creating new industries
Provides an immutable record of all transactions, including smart contracts
Fully regulated and more secure than any other conventional payment system
Satoshi Nakamoto's original vision for Bitcoin
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