Bitcoin's price has fallen by about 10% in the last 24 hours, at the time of writing, and is trading below $ 3,350. The depreciation in the value of the BTC took with it a good part of the crypto-coins market, with some crypto-coins registering a devaluation of up to 78%. However, the criptomoeda that has been an exception to this rule is Bitcoin SV (Satoshi Vision) resulting from the hard-fork in the blockchain of Bitcoin Cash (BCH), which registered more than 24% of valuation, while Bitcoin Cash showed devaluation higher than 21%, until the closure of this article.
The competition between the BSV and the BCH shows that the "war" between the implementations (ABC versus SV) is not over and if, on the one hand, Craig Wright (nChain) and Calvin Ayre (Coingeek) lost the hash battle for Roger Ver Bitcoin.com) and Jihan Wu (Bitmain), on the other hand, have so far won the fight over the valuation of assets, after which the BSV is now the fifth largest crypto in the market while the BCH has fallen to seventh.
Recently, Craig Wright's nChain unveiled "Metanet", an application developed for Bitcoin SV that promises to be a new layer for the internet using blockchain technology.
"THE INTERNET HAS TRANSFORMED THE HOW WE LIVE, BUT IT WAS BORN IN A PRE-BLOCKCHAIN AGE. ON THE SURFACE, METANET SOUNDS SIMILAR TO THE INTERNET. METANET, BUT IS IMPULSIONED BY DIFFERENT TECHNIQUES AS DATA CAN BE STORED AND ACCESSED THROUGH BLOCKCHAIN TRANSACTIONS, WHICH PROVIDES SECURITY AND ADVANTAGES OF ECONOMIC EFFICIENCY ON CURRENT INTERNET TECHNOLOGY. BY USING BITCOIN [SV] TRANSACTIONS TO TRANSFER TABLETS - AND SO TO ALLOW INTERACTIONS OF NETWORK PAGES AND OTHER INFORMATION, IN A TRUSTED AND SEMIAUTOMATED MODE, METANET WILL TRANSFORM THE WAY THE INTERNET WORKS ", SAYS THE OFFICIAL COMMUNICATION.
According to the announcement, Metanet will allow new ways to distribute network content and facilitate new e-commerce business models, made possible through microtransactions in Bitcoin SV. This can allow instant clicks, content and data to be delivered to companies. Taking advantage of the economic security and stability of the blockchain and due to the greater quality and data integrity that blockchain-backed storage offers, Metanet can act to reduce the potential for fraud.
"Metanet will initially perfect, then eventually lead the internet, making Bitcoin SV the world's box book that lists all the activity on the internet. It's an amazing concept with unlimited possibilities based on additional security, data blockchain efficiency and data integrity, and it's another part of Craig Wright's vision to unlock Bitcoin's true potential. We have taken the initial steps and know that it will be necessary to work with others to make Metanet a reality, "said Jimmy Nguyen, CEO of nChain.
inspired by the article of Cassio Gusson.
Netcoin team.