Two of the leading crypto wallets in the Bitcoin SV ecosystem, HandCash and Money Buttton, have agreed on a strategic partnership to develop true peer-to-peer transactions within the Bitcoin network.
According to the announcement, the partnership stemmed from the original purpose that Bitcoin creator Satoshi Nakamoto had intended for the blockchain network. According to the release, Bitcoin’s whitepaper by Nakomoto had proposed a true P2P electronic cash system but it has been deviated from by BTC protocol developers.
Now HandCash and Money Button are leading the quest with both wallets platforms agreeing to send signed BSV transactions to each other without third parties restoring Satoshi vision for Bitcoin.
HandCash and Money Button to Implement Paymail Protocol to Achieve Direct P-2-P Payments
It is understood that both wallet platforms will integrate Paymail protocol to achieve true peer-to-peer transactions. Paymail was announced by Bitcoin SV last year. It allows users to send Bitcoin transactions to an email address offering secure, end to end authentication via HTTPS.
Using this protocol, Money Button and HandCash wallets will be able to sign Bitcoin SV transactions directly without the requirements of third party service. The receiving end of the transactions will check if it is valid and commune it to miners directly providing a highly scalable payment service.
This partnership would be the first major one within the Bitcoin SV ecosystem to integrate the original p2p design of Bitcoin. It is anticipated that the success of this partnership would initiate a widespread adoption of this protocol which would help the bitcoin blockchain to run smoothly and have better transitions for mainstream applications.
Bitcoin SV Pushing for True Decentralization
Bitcoin SV has always been geared towards restoring Satoshi’s original bitcoin protocol.
Bitcoin SV is currently ranked 6th on the coin rankings with a market cap of $3 billion and is valued at $166 per unit at the time of publication. With this major development within its ecosystem, it would be interesting to see how it develops in the coming months.
