In this section of COINGEEK Weekly livestreamKurt Wuckert Jr. hosted a question me everything that covers different topics about BSV. Wuckert pigeon into electrums, seed phrases, infrastructure and the upcoming BSV hackathon.
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Stopping Larping. Start building.
To open livestream, wuckert thanks Cutting wall To sponsor it and talks about his new article about Cooingeek. In this he examines how speculation and worried ways to get rich to build useful products and services in the economy.
Wuckert notes how, when driving across the United States, he noticed that previously prosperous small cities are dead and that there is no possibility of entrance level. This economic reality affects American culture and has even spilled out into Bitcoin. In fact, few companies in the bitcoin economy would have made more money than just Hodling coins Over the past decade.
However, building real products and services is a must for long -term economic prosperity. Check out the article, Stops Larping, start buildinghere.
Easy to build apps with Babbage tools
On Last week’s live streamProject Babbage Founding President Ty Everett told us that many of the Babbage tools are now open source. A viewer wants to know how easy it is to build games and apps Uses these tools.
Wuckert says he doesn’t use them personally, so he can’t give an opinion based on experience. But they use Bitcoin schedule on Gorilla pool and is largely interoperable and compatible.
In addition, the Gorillapool team has worked with the Babbage team on several occasions, and the communication and work together have always been smooth and conflict-free. Based on this, Wuckert Babbage Tools probably says fantastic.
Is Electrumsv still running?
Elektrum is early Bitcoin technology that uses an overlay network to filter transactions, Wuckert reminds us. Electrumsv is a version of the specific for BSV.
While small blocks bitcoiners have driven for someone to run a node, things work differently on BSV. After Satoshi’s vision, the BSV network has been designed so that some large nodes in the data center will feed many light clients.
Electrumsv depends on these nodes to serve its data. While the developer who drove it has passed away, Gorillapool will continue to serve the tasks for the foreseeable future.
Coming traditional HD wallets With several addresses/seeds, is it still a good option for self -storage when great adoption begins?
Wuckert explains that seed phrases and addresses originate from public keys. Nodes listen to blockchain and make assumptions about likely linked public keys and ask them. All this work must be done, and although the system is not perfect, it is good enough for now.
But if we reach one million transactions per second, it becomes unsustainable for a node to check. BIP39 will eventually be discontinued, but don’t worry until we have 10 GB of blocks on average, says Wuckert.
Why do some say that Teranode is out while others are still waiting?
This depends on where you sit and what your role in bitcoin is, Wuckert explains. If you are an infrastructure partner, it has been available for six months, and Gorillapool and others have tested, troubleshooting and collaboration on it.
Wuckert cannot say for sure, but he hears “heavy whisper” that a Q1 Teranode Public release is still in play. It will be released Open Source so that others can review the code.
Are more miners always good for decentralization?
Up to a point, and then it is net neutral, Wuckert answers. More than one is necessary, but more than 10 seems to be overdue.
If you advocate that more hash power is always better, it is safe, but there are consequences for speed, networking, etc. Ideally, there should be as few as possible for maximum security. After that, there is no extra value in having more nodes.
Does any countries BSV think as digital cash?
Wuckert believes that the ship has sailed for BSV to be used as a national currency, maybe one day. However, there are countries that are considering using the general book for the Central Bank’s digital currencies (CBDC), national digital currencies, etc. There is interest in the general ledger, but the idea that Bitcoin can be used as money will have to wait.
The upcoming BSV -HACKATHON
The BSV hackathon takes place in Austin, Texas, between April 5-6. Wuckert will be there, and yes, there will be a BBQ. Hackathon will focus on using Babbage software stack and will have $ 50,000 in prize money up to take hold.
Anyone interested in participating or learning more about the rules and expectations can visit Bsvhackathon.com.
To hear more about BSV compared to ICP, mining, how non-technicians can help BSV and Mnee Stablecoin, Check out the weekly live stream here.
Watch: Packing Bitcoin Sustainability at #Ldnblockchain24
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