Bitcoin SV Infrastructure Team releases SPV Channels CE v1.1.0 introducing all-new mobile functionalities

TRAIN, Switzerland, June 1, 2021 / PRNewswire / – Bitcoin Association, the Switzerland-based global industry organization working to advance the Bitcoin SV blockchain and BSV digital currency business, today announced the release of SPV Channels CE v1.1.0 for the Bitcoin SV network. The update developed by the Bitcoin Association Bitcoin SV Infrastructure Team, introduces mobile client libraries with brand new features including push notifications for iOS and Android devices. The version, including software development kits (SDKs) for iOS and Android devices, is now available for download at GitHub.

The SPV in SPV channels stands for Simplified Payment Verification (SPV), which is the subject of Section 8 of Satoshi Nakamotos Original Bitcoin whitepaper. In Section 8, Nakamoto outlines how users can verify payments on the Bitcoin network without having to run a full network node – an essential element in scaling the Bitcoin network and maintaining full peer-to-peer functionality.

SPV channels enable constantly encrypted message channels between participants in the Bitcoin SV network and are a critical component for peer-to-peer transaction workflows. SPV channels are asynchronous and only require one outgoing connection, so that secure communication between the network participants is always possible – regardless of whether the participants are currently online or offline.

Today’s release introduces SPV channels for mobile devices, with mobile client libraries that include full integration with Android and iOS push message notification systems. This new functionality takes advantage of the Firebase cloud messaging service and opens up a multitude of new use cases for mobile applications by eliminating the need for devices to actively query for relevant updates, which reduces the resource requirements for mobile devices that use services in the Bitcoin network and are connected to them participate, will significantly reduce peer-to-peer communication or transactions.

Full details of today’s release can be found in the SPV Channels CE v1.1.0 Release Notes on bitcoinsv.io.

Speaking of today’s release, Steve Shadders, Technical Director of the Bitcoin SV Infrastructure Team, said:

‘When we first released SPV Channels worldwide last October, we demonstrated the power of the service itself and demonstrated how these new capabilities can be used to create desktop applications that use the service. We saw real potential and value for this service if it could be effectively integrated with mobile applications, but to create the best possible user experience and ensure that it was resource efficient, providing this functionality required a mechanism for native integration with push notifications Mobile devices. With today’s release, the Bitcoin SV Infrastructure Team has provided this functionality with a pre-built SDK, introduced entirely new functionalities for mobile devices, and strengthened the Bitcoin network’s ability to provide true peer-to-peer transactions. ‘

Today’s release also comments on the founding president of the Bitcoin Association Jimmy Nguyensaid:

“The Bitcoin SV infrastructure team continues to fulfill its mandate to provide the best blockchain platform for building large enterprise applications and supporting large amounts of user transactions. The new features introduced with today’s version are another service offered by the BSV Network is offered to provide massive support. ” Scalability for high transaction volumes, in addition to improving accessibility to such services by reducing resource requirements and lowering participation barriers for consumers and developers alike, is another step towards fulfilling the in Satoshi Nakamotos Whitepaper and the realization of the Satoshi vision for a massively scaled Bitcoin network with high transaction volumes and real value. “

Via Bitcoin Association

Bitcoin Association is the Switzerland-based global industry organization working to advance the Bitcoin SV blockchain business. It brings together essential components of the Bitcoin SV ecosystem – companies, start-ups, developers, traders, exchanges, service providers, blockchain transaction processors (miners) and others – who work with them and in a representative capacity to further use the Advancing the Bitcoin SV blockchain and the inclusion of the BSV digital currency.

The association is working to build a regulation-friendly ecosystem that encourages lawful behavior while facilitating innovation using all aspects of Bitcoin technology. Bitcoin is not only a digital currency and blockchain, but also a network protocol; Just like the Internet Protocol, it is the basic set of rules for an entire data network. The association supports the use of the original Bitcoin protocol to run the world’s only blockchain on Bitcoin SV.

SOURCE Bitcoin Association

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