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- 1 Ayre Ventures wants to help BSV blockchain-based startups to run ahead in the competitive business world.
- 2 Paul Rajchgod discussed the prominent prospects of the BSV blockchain in a London Conference.
As the world delves deeper into the crypto space, concerns regarding the environmental impact of blockchain technologies are on the rise. In light of this, users are moving towards faster, cheaper, and greener blockchains than their available counterparts.
BSV blockchain is one such project offering a robust and reliable framework for businesses and governments worldwide. Led by Switzerland-based Bitcoin Association, the Bitcoin Satoshi Vision (BSV) is “positively disrupting” various sectors with its enterprise-level applications. BSV is aiming to support the mainstream adoption of blockchain technology, with Ayre Venture (AV) group cementing its roots across different industries.
On the concluding day of the London Blockchain Conference 2023, Paul Rajchgod, the Managing Director of AV addressed the audience. Rajchgod delivered a quite engaging presentation on “The Wave of Enterprise Adoption” currently underway on the BSV blockchain.
Rajchgod mentioned that AV is a global venture capital firm led under the guidance of billionaire, philanthropist, and Founder of the London Blockchain Conference, Calvin Ayre. This renowned organization provides funds to ground-breaking and scalable companies using BSV blockchain. Moreover, the group also seeks to invest in ventures proposing innovation in technology, media, publishing, real-estate, and health.
Stating the goals of the firm, Rajchgod mentioned the AV Group aims to support businesses using BSV’s utility to impact lives and the global business landscape. The director also gave the audience a quick glance of the companies AV has invested in over the years.
The list includes some leading enterprises using the power of BSV blockchain to revolutionize sectors of gaming, music/publishing, software, metaverse, fintech, Bitcoin infrastructure, and more. Most notable examples are Black dojo, Buzzmint, Blarecast, Over C, nChain, and FYX.
In his speech, Rajchgod emphasized that a few of these above-stated companies happen to be “the top-consumer facing businesses in the BSV community.” He further joked, “I’m not just saying that because the CEOs of some of these companies are in the room.”
Ride the Wave of Enterprise Adoption on BSV blockchain
It is quite clear from the above observation that the AV-funded enterprises are being favored by users as compared to other platforms. As per Rajchgod, this is partly owed to the underlying BSV blockchain technology cushioning their infrastructure.
This blockchain offers unbounded scaling, ultra-low transaction costs, resilience, and user-friendly environment. All these features unlock a world of possibilities promoting its adoption by businesses and government agencies.
Rajchgod also underlined the eco-friendly status of BSV in contrast to energy-intensive Proof-of-Work (PoW) model-based blockchains. Moreover, by using an analogy to a packed train coach, he explained how one BSV block is capable of cramming millions of transactions without any difficulty.
Expanding his explanation, Rajchgod mentioned the milestone of a single BSV block containing nearly 3.7 Million transactions, in the previous week. “A lot of blockchains do not have that kind of activity in weeks,” he stated, adding, “but this kind of activity is very common on the BSV blockchain.”
Sharing BSV’s level of activity, AV’s director concluded it is “very efficient on an energy output per transaction basis.” As per its official website, BSV claims it is already more efficient than the widely-used transaction platform, Visa on a fundamental level.
The ability of BSV’s blocks to contain these high amounts of transactions also makes it the most cost-efficient blockchain. Rajchgod explained this by stating that the BSV project is demonstrating “economics at work: the more something scales, the lower it tends to cost on a per-unit basis.”
AV’s director went on to say, “BSV demonstrates that the laws of economics, business, and capitalism also apply in the blockchain world, with an ever-declining transaction price per-unit basis.” Rajchgod backed up his statements by providing some astonishing figures. He mentioned BSV-based companies like mintBlue offering a per-transaction fee as low as $0.000008, while other large enterprises declining it to just $0.000001.
BSV is the Pac-Man Everyone Talks About, Says Rajchgod
In his presentation, Rajchgod described the incredible rise in BSV’s transaction count over the past 18 months via a daily transaction pie chart. The pie chart shows the share of BSV in the total transaction volume across blockchain networks like Bitcoin, Ripple.
As per the director, the BSV demonstrated only a small part of the pie during initial stages. However, the size of that pie gradually kept increasing until it became “the Pac-Man that everyone talks about, to some days the whole damn pie.” According to its official website, BSV recorded 13.4 Million transactions in a day in 2022 and the number increased to more than 85 Million transactions in 2023.
Rajchgod emphasized the BSV is a versatile platform that serves as an enterprise-level data management and valuation protocol. Moreover, this open-source blockchain offers business models micro-/nano payment services. This feature allows its users to pay tiny fractions of money for data usage, which has real-world utilities for data, digital activities, and Internet of Things (IoT)-based services.
Last but not the least, Rajchgod claimed that BSV will be required for facilitating the integration of ‘big data solutions’ with the internet. Its services such as IPv6 address space and Web3 platforms will provide a competitive edge to the enterprises and government initiatives looking to stay ahead in the competition.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
