In China, BSV has been in a state that could be described as “neither cold nor hot”. With its newly appointed China Manager, Bitcoin Association has put Lise Li in charge to comprehensively push its global vision from both technical popularization and project landing.

Image has been adapted from its source: Bitcoin Association

August 9th, Bitcoin Association officially announced its newly appointed China Manager, Lise Li, to coordinate the ecosystem buildup in the China area, collaboratively pushing the growth of Bitcoin’s services globally. This means that BSV has officially put in past a period in China where it lacked a core organization, connecting developers, application servicers, businesses, miners, investors, and Bitcoin users together.

As a non-profit global organization, Bitcoin Association is the leader in BSV ecosystem and a professional agency, with the aim to aggregate resources from tech, businesses, investment and all areas to support existing and future BSV ecosystem participants, from large enterprises to individual developers.

Upon this opportunity, a China-based blockchain media platform, ChainDD, has exclusively interviewed Bitcoin Association China Manager Lise Li to paint you a timeline of the development of BSV over the past 9 months and its future plans.

Completing BSV’s Piece in China

It has been 9 months since BSV was last put on spotlight in China — BCH hard fork. Since the fork in community, BSV, nChain and CSW have been in the whirlwind of controversies. For one reason, it was due to the conflicts of interests within the divided community; on the other hand, it was because the lack of a core organization of BSV in China domestically led to a lack of communication with the outside world and a disadvantage in public opinion as well as misunderstanding.

Lise frankly pointed out that in the early stage of the industry, division within the community necessarily leads to negative news. However, on a positive note, controversy is also a fuel for technological advancement. At the same time, she expressed that despite controversy, there has not been a lack of leaders and volunteers in the BSV community: many supporters of BSV volunteer to spend time and energy propogating the ideas and the vision of BSV’s technology and contribute to the growth of the ecosystem.

Stepping into the Chinese market has the following reasons: for one thing there’s the interest of the market’s potential, its business opportunities and its potential for explosive growth; another reason is there is a need from developers: China’s BSV developers and teams have developed an active community awaiting core ecosystem support.

One of BSV’s supporter, founder of IFWallet Bibo Deng pointed out that although currently MetaNet, BitDB and other tools are gradually improvement and building applications onchain has been feasible, in terms of usability and cost-effectiveness, it’s still a way from regular applications. This requires support from community to have more developers to build highly usable apps on BSV and build a revenue model to enter a positive cycle. Establishing a manager in the region is a very significant catalyst to that.

Opening the Chinese market is an imperative. As Bitcoin Association’s founder Jimmy Nguyen said, “Now it’s time for Bitcoin Association to expand globally, and Lise is an excellent choice for our China project. Lise is a long-term supporter of BSV and possesses experience and knowledge on cryptocurrency. She can enable close contact between China’s Bitcoin and technical sides.”

The joining of Lisa has gained popular support from the community. Founder of Mempool Lin Zheming commented, “Lise is a brilliant social activist that has paid sustained attention to Bitcoin for a long time and has an in-depth understanding on Satoshi’s vision, as well as a grounded spirit to get work done.” Mempool and Dadian Wallet will fully assist her to let more serious developers discover the technical advantage of Bitcoin and help create value.”

With popular support, however, it remains a challenge still that how to untap the potential in China to unleash the skill and experience of Chinese developers. Moving away from the state of “not cold not hot” to activity will be the key issue.

Two-way drive: Developer Recruitment + Project Incubation

On August 3rd, Chinese developers conducted a 2-million-transaction massive stress test on BSV main net. Compared to the test a few months ago, the transaction speed increased to 450–1000TPS. That means right now, more developer talents and project teams are needed to make use of that speed.

In a recent interview with a Chinese blockchain media, Lise expressed that the first things BSV will focus on in China will be developers and applications.

Technically, the focus will be popularization of BSV’s technologies. Currently there’s a lot of work to be done in promoting BSV in China. After assessing where the Chinese market is in terms of understanding the technical development of BSV, Lise said they will highten their focus on letting more people know about BSV’s technical development roadmap and attracting more to develop and build the community. At the same time, effort will be made to ensure communications between existing nodes such as mining pools, exchanges and wallets in the BSV ecosystem.

On the application side, they will increase the intensity of recruiting developers and incubating projects. For the existing BSV developers in China, they have been involved in testing network upgrades and a lot of other development. Bitcoin Association will provide startup funding support and commercialization channels for these developers. There will be a lot of different ways for developer teams to connect with investors.

Lise additionally added that Bitcoin Association will organize a series of online and offline activities with several leading BSV blockchain companies, to strengthen communications between BSV application servicers, developers, mining pools, and investment agencies.

Lise is highly optimistic about the vision and the prospects of BSV in China. She believes that BSV has made significant strides in scaling, applications and global commercialization. Everything is ready for more developers to join the ecosystem.