The past 12 months have been the busiest yet for Bitcoin SV, as the blockchain and wider ecosystem continues to march towards the global mainstream.
Bitcoin Association published their Annual Report Year 2 , looking at the progress of Bitcoin SV during this most challenging of years.
The Bitcoin SV network progressed through several key development phases in 2020, starting with the Genesis protocol restoration in February, which introduced the power of unbounded scaling for the first time with the removal of the hard cap block size.
The Rails release in September made nano-payments viable for the first time, allowing for transactions as small as a single satoshi to be processed feasibly on the network.
In the new webinar format, Bitcoin Association and CoinGeek were able to adapt to put together some of the biggest events in the BSV community to date, including CoinGeek Live.
A range of other events, webinars and virtual meetups took place throughout the year, reflecting the growth in interest around Bitcoin SV over 2020.
By the end of 2020, the ecosystem had exceeded some 400 companies, in only the second full year since Bitcoin Association began.
By June, Steve Shadders, Technical Director of the Bitcoin SV Infrastructure Team, was appointed Chair of the committee on a three year term, alongside ten other founding members appointed for an initial three-year term.
The report highlights the ongoing efforts of Bitcoin Association in advising and shaping policy direction through its public policy work, another strong area for growth in 2020.
The organization has also been focusing keenly on expansion within China, identified as a key growth market for Bitcoin SV, on account of its huge developer and blockchain ecosystem.
The Annual Report charts out a busy year of achievements for Bitcoin SV, despite the limitations posed by the pandemic.