Jimmy Nguyen, the CEO of nChain, has renamed the bComm Association the Bitcoin Association.
Then there was bComm, and now there is the Bitcoin Association, which actively promotes Bitcoin SV to sellers. To give indicators that Bitcoin SV is a legit bitcoin. Since the organization does not yet have members from the broader Bitcoin community, the Bitcoin SV team lists notable people like Craig Wright, David Li, and Calvin Ayre in their network.
With its new name and logo comes a new offer from the Bitcoin Association: free company and enterprise membership.
The Bitcoin Association was a rumored non-functioning Bitcoin Foundation. Despite its name, the Bitcoin Association is not directly tied to the $60 billion Bitcoin Core chain.
Instead, they’re referring to Bitcoin SV, which has fallen out of the top ten cryptos by market valuation. The Bitcoin Association backs Bitcoin SV (BSV) as its original Bitcoin. It has a stable code of conduct and a roadmap to become the new global money on the public blockchain for businesses.
Unfortunately, as expected, the decision to rebrand the bComm Association as the Bitcoin Association has already received some negative feedback. People question if it is legal to call an organization on Bitcoin SV, the Bitcoin Association. This question arose because the Bitcoin Association can rebrand itself even if it doesn’t support Bitcoin but rather Bitcoin SV.
Despite the controversy over the rebranding, the Bitcoin Association has continued to pursue its goals and services. They even listed their grounds for coming to such a judgment, which included amenability and professionalism, among others.
Bitcoin Association Function
The Bitcoin Association aims to build a blockchain that is designed for businesses. Specifically, it hopes to address the needs of real enterprises, be functional for real individuals, and abide by actual laws. The organization knows they need a steadfast protocol that handles a huge number of scales and a professional security strategy.
This is how the Bitcoin Association functions, and that is why Bitcoin SV is serious about business.
There were a lot of queries about the role of Bitcoin, and it is a major concern. One major issue is the disagreement between Bitcoin and Bitcoin Cash. In the crypto market, there was concern that the two networks would profit shamelessly from consumers due to the coding changes. In the crypto market, there was concern that the two networks would profit shamelessly from consumers due to the coding changes.
