It has been announced that the second CoinGeek Conference of 2021 will push through as scheduled on October 5 to 7 at The Sheraton, Times Square in New York City.
For this event, over 2,000 attendees will be accommodated.
This is the second time the popular blockchain conference will head over to the world’s financial capital as the sixth CoinGeek Conference was also broadcasted live from New York there last year.
The last CoinGeek Conference in June held in Zurich, Switzerland was only allowed a small group of attendees due to the COVID-19 pandemic restricting big gatherings.
But that did not stop its success as the three-day event garnered a total of over four million views. CoinGeek Zurich was themed “BSV Blockchain: Ignite the Power of Data,” and it has certainly been ignited.
With an almost limitless capability for handling big data at very low transaction fees, the BSV blockchain is more than ready for enterprise adoption.
And this is what sets BSV apart from other digital currencies.
“BSV is different from much of the cryptocurrency world, in fact, almost all of it. And why?
We don’t want a coin that you just hold for years.
We build a blockchain to be used on a daily basis for billions of payment and business interactions, to create technology infrastructure, to be the new digital plumbing that works with the Internet to ignite the power of data,” Jimmy Nguyen, founding president of Switzerland-based global industry organization Bitcoin Association, said during his opening speech at CoinGeek Zurich.
With BSV, its real value comes from its utility and scalability.
It can improve the world’s systems and create more efficient ways of doing business across many industries—from banking and finance to supply chain management.
The benefits are far-reaching. This kind of infinitely scalable blockchain allows for the creation of a better Internet (the Metanet), lends much-needed transparency to gambling platforms, and dissolves data silos in the healthcare industry, to name a few.
Yes, the power of data has been ignited, which leads to this conference’s theme: It’s About Time.
Indeed, it is about time that enterprises from around the world get to know and understand this new technology that can make their businesses run more smoothly and more efficiently in order to maximize profits.
These benefits justify the high energy consumption of Bitcoin mining and effectively shut out recent questions about Bitcoin’s sustainability.
While BTC, which can only process seven transactions per second (tps), can be considered wasting energy because its blockchain has no real utility, BSV is the opposite. Only BSV can provide increasing utility due to its continuous scaling.
This is why it is considered to be green technology.
And with the pending release of the Teranode project that will enable the BSV network to complete over 50,000 tps, it really is about time that global business leaders know about this technology that can change their businesses for the better.
“The topic of sustainability, I suppose, is a question of the balance between the cost of something and the benefit it provides.
And the fundamental unit of utility and benefit in Bitcoin, I guess, is the transaction.
So there’s a lot of talk about the energy cost of Bitcoin per transaction.
When you increase the transaction rate by a factor of 50,000 without actually increasing the energy consumption of the entire network, you’ve essentially dropped the per-transaction cost by that same factor.
And you know, 50,000 is just the starting point, we’re talking about millions, billions of transactions per second,” nChain CTO Steve Shadders explained during one of the panel discussions at CoinGeek Zurich about BSV being green technology.
Register now for CoinGeek New York and learn more about this amazing technology.