Wikipedia Co-Founder Jimmy Wales – Zero Chance of Using Bitcoin SV by Wikipedia February 9, 2020 February 9, 2020 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Bitcoin NewsFebruary 9, 2020 by Kelly Cromley

Wikipedia Co-Founder Jimmy Wales – Zero Chance of Using Bitcoin SV by Wikipedia

Jimmy Wales, Wikipedia co-founder, has voiced cynicism about Bitcoin SV (BSV), one of the top ten cryptos by market cap, alleging that it “offers nothing for Wikipedia.”

Wales issued the statement soon after the team conducting the CoinGeek London conference, promoting Bitcoin SV to crypto investors, highlighted his engagement as a keynote speaker.

Wales, in his keynote speech, highlighted the ability of Bitcoin SV to support micropayments.

“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.”

However, Wales brushed away assumption that he is promoting BSV. Through a tweet, Wales clarified his position as follows:

“Your marketing materials need to be updated immediately — as people seem to be reading this as some kind of 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 has already received 1,600 likes and has triggered mixed response from the crypto community as some twitterati’s have raised questions about Wale’s intention to participate in the conference.

Of late, Bitcoin SV carried out a pre-planned upgrade named Genesis on February 3, resulting in a minor chain split where two variants of BSV prevail at the same instance.

Genesis modifies several consensus guidelines for BSV to brush away all left out restrictions.

Currently, there is practically unlimited block size. As opposed to hard-coding in the node software, the block size restriction is currently a parameter that can be minimized manually by miners.

Several more restrictions were put up as well, including the maximum size of a trade or the number of stakeholders for a multisig wallet.

While Bitcoin Cash was the first major hard fork which Bitcoin went through back in August 2017, Bitcoin SV was created through a hardfork of Bitcoin Cash and linked to Craig Wright, the self-proclaimed developer of Bitcoin.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.