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Bitcoin SV resources for Node Operators

Node operators are essential for blockchain to function. Stay on top of trends, best practices, and updates with these Bitcoin SV resources for node operators.

Nodes are essential for Bitcoin SV to operate and they must, therefore, be well-equipped with the right blockchain knowledge, including skill sets and trends. 

Whether you’re a miner, an app developer, or a consultant, understanding the complexities of Bitcoin SV (BSV) can help you design, implement and maintain a node infrastructure according to your specifications. Here are resources to help you with your task.

Bitcoin SV.io – a website for node operators

Bitcoin miners build the Bitcoin network. This website serves as a starting point for people who want to host Bitcoin SV on their infrastructure. It is designed to provide students with a comprehensive grasp of the function of nodes and node operators. It focuses on the incentives that encourage business owners to invest huge money in infrastructure construction and operation.


Infrastructure

Teranode

Teranode’s ecosystem is built on four pillars that form the foundation for Bitcoin SV’s infrastructure, enabling the platform to construct a single global blockchain.

It is achieved by distributing the workload among numerous computers that receive transactions, verifying them, and inputting them into blocks simultaneously. Thus, Bitcoin scaling can be unlimited, and network capacity can rise to accommodate exponential demand.

LiteClient

LiteClient is a Bitcoin SV block header client that connects directly to the Bitcoin SV network. It can be used to separately validate block hashes and manage whitelists and blacklists without downloading the complete chain. Before synchronising any blocks, the application must connect to a minimum number of peer connections, customisable by operators.

Node Software

Node Software is a dependable open-source software that meets the basic needs of mining companies, allowing them to mine effectively and at their best.

It’s an all-in-one platform that enables parallel transaction validation for increased scalability and processing capacity. The node software uses all available CPU cores when accepting new transactions into the mempool. 

Infrastructure

The BSV architecture enables unrestricted scalability, great speed, and massive interoperability while being simple to create and administer.

Features

mAPI

Miners can provide merchants with a supplementary service called Merchant API. It allows merchants to get policy and price quotations for submitting a transaction to the network.

SPV Channels

SPV channels provide Bitcoin participants with encrypted, persistent message channels. It seamlessly integrates offline and direct communications to remove technological barriers to peer-to-peer contacts. According to Satoshi Nakamoto, this is essential to the Bitcoin network.

Paymail

Paymail is a set of protocols for Bitcoin SV wallets that enable the delivery of a set of streamlined user experiences throughout the whole ecosystem. It allows parties to communicate with one another securely.

Paymail also enables identification, service discovery, and feature negotiation interoperability. The platform is secure, and each communication exchange requires mutual authentication.


Bitcoin SV release updates

See our most recent Bitcoin SV infrastructure updates and notices about future releases.


Bitcoin SV Discourse Forum for BSV’s technical community

Introducing a forum specifically for Bitcoin SV’s technical professionals (miners, developers, exchanges), the Bitcoin SV Discourse Forum.

The new Discourse forum offers more structure than the BSV Telegram and Discord channels, making it easy to keep conversations focussed on certain topics to facilitate both technical support for developers and service providers, and community decision-making around things like miners’ block size limit or the minimum transaction fees. 

Another big advantage of the Discourse forum is that it’s searchable to search engines, making it easy to find discussions relating to your topics of interest.


Bitcoin SV Technical Standards Committee (TSC)

The TSC offers a ready-to-use toolkit to help organisations thrive by ensuring standardisation and interoperability. The library of standards under consideration, draft, internal review, public review, and those published and endorsed are available to those utilising Bitcoin SV. 

Participants interested in contributing to BSV’s technical standards can register as a contributor, submit a proposal, join a working group, or comment on a standard.


Recommended blog posts

Bitcoin SV Technical Standards Committee member in focus: Masumi Hamahira

The article is the first in the 2022 TSC member profile series where expert TSC members are featured. Masumi Hamahira, MUFG Bank’s Executive Advisor for the Islamic Banking Window, is profiled in this post.

Hamahira is passionate about improving Bitcoin’s usage and governance in the financial sector. Here, he discusses blockchain from the perspective of Islam. He also tackles technological advancements, the cannibalism conundrum of technological innovation, and the TSC’s future.

How BSV’s invoice-based payments bring Bitcoin to the real world

In traditional Bitcoin payments, businesses often provide their consumers with the amount of money to transmit and their Bitcoin address. The receiver must then monitor the Bitcoin network to determine whether or not the payment was successful.

There are several issues with this. For instance, what should you do if someone paid too much or too little? What follows when a merchant sells microservices to multiple customers and has to keep track of the network to authenticate each little payment? What happens if the transaction fee is too small and it gets trapped in the mempool?

With invoice-based transactions, the approach to invoicing is reversed to match the accounting procedures that companies are used to.

How the transaction ancestors spec gives the BSV blockchain the enterprise edge

The transaction ancestors standard defines the method for determining whether or not a user is authorised to perform a specific transaction. Before sending the extended transaction data to a transaction processor or miner, a BSV merchant examines it for legitimacy.

In this post, Jad Wahab, Director of Engineering at the BSV Blockchain Association, describes how transaction ancestors differ from the previous envelope specifications, how it works, and its value to the BSV blockchain and corporate customers.

What the FATF’s travel rule will mean for Bitcoin intermediaries and consumers

In June 2019, the FATF expanded its requirement of travel rules to all worldwide Virtual Asset Service Providers (VASPs).

The policy placed digital asset businesses—including custodians and exchanges—in a similar role as conventional financial institutions when it comes to FATF duties. Exchanges may insist that non-custodial wallets comply or be removed from the ecosystem to maintain their regulatory status.

As a result, this comprehensive paper guides how Bitcoin users and intermediaries are likely to be affected. It asks TSC member and Centbee co-founder Angus Brown to speak about controversial issues and relevant questions.

How the Bitcoin SV envelope specification makes it easier to store and access on-chain data

The Bitcoin SV TSC attempts to address the inconvenience of storing and accessing on-chain data by categorising the data contained in a BSV transaction.

The TSC approach recommends that each data be encased in an ‘envelope’ or ‘wrapper’ format. This encasing enables the software to readily decide how the information is structured and how to interpret it for a user. The TSC’s approach is based on comments from industry professionals and community members.
 

Recommended videos

Bitcoin SV Technical Standards: Roadmap for an interoperable blockchain future

The TSC offers recommendations and examines proposals to guarantee compatibility and enhancements to BSV for individuals who wish to propose a new standard in the market. 

Creating a road plan for this purpose may aid in understanding the industry’s strategic and technological orientation. This allows new parties who wish to create a new application or service to make well-informed judgements in the future of blockchain interoperability.

Founding member Alex Fauvel and Bitcoin SV Technical Standards Committee chair Steve Shadders explain the TSC’s function and plan for 2021–2023 during this presentation at CoinGeek Zurich.

Introducing Bitcoin SV Technical Standards – TSC Webinar

On April 21, 2021, an introductory webinar was held on Bitcoin SV Technical Standards and the Technical Standards Committee.

The role of the TSC within the Bitcoin SV ecosystem and its goals were discussed by committee members. They tackled the BSV standardisation process, explaining how corporations and individual industry experts may become involved and the advantages and current strategy for the technical standards programme.

Bitcoin SV Academy


Bitcoin Infrastructure course stream

Introduction to Bitcoin Infrastructure aims to provide students with a comprehensive grasp of the function of nodes and node operators in the network’s creation. It focuses on the incentives that encourage business owners to spend on scalability and infrastructure. Participants will be given a Certificate 1 upon completion of this course.


Blogs and other content about Bitcoin Infrastructure

Learn more about the Bitcoin infrastructure by checking out these blogs and courses. The courses cover an introduction to Bitcoin development, Bitcoin essentials, and its protocol and design basics, while the blogs will help you stay updated on trends in Bitcoin mining.

eBook: A framework for ensuring a profitable and sustainable Bitcoin mining operation

To help you get a sense of where you’re at, the BSV Academy teamed up with Lars Jorgensen, the Chief Operating Officer of TAAL Distributed Information Technologies. The partnership aims to provide a framework of criteria to consider while planning a new mining operation or scaling up an existing one.

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