The first day of CoinGeek Live saw several Bitcoin experts explaining how the future of money and the internet will look with Bitcoin SV. This 3-day conference kicked off with a focus on payments, financial services, regulation, and the newest developments on the BSV blockchain.

The day kicked off with a message from Bitcoin Association Founding President Jimmy Nguyen. He focused on the history and vision of Bitcoin, and its destiny as the “one world chain.” Thanks to BSV returning to the original protocol set out by Dr. Craig S. Wright, under the pseudonym Satoshi Nakamoto, Bitcoin is now providing immense business power by acting as a ledger for not just payments, but data as well. “It’s a fusion of data and money,” Nguyen said.

Unlike the other blockchains that have popped up since 2008, Bitcoin will act as “the foundational rule set for an entire network,” Nguyen said, and is “re-inventing the internet.”

To do that, Bitcoin has to grow, and BSV has been allowed to scale massively. BSV currently processes over 2,800 transactions per second, and is looking to hit 50,000 in the near future. That’s because any blockchain hoping to serve enterprise needs has “got to scale,” Nguyen said, and it has “to scale big.”