Bitcoin Association for BSV, the Switzerland-based global industry organisation that works to advance business with the SV (BSV) blockchain and digital currency, today announces that the Bitcoin SV Technical Standards Committee (TSC), an industry-led standards organisation for the BSV ecosystem, , has progressed the Merkle proof standardised format to the recommended stage – the first BSV Technical Standard to reach this milestone.

Merkle proofs form the backbone of all interactions using the Bitcoin network. Merkle proofs can be sent and received by many different methods, so a standard format was created to make it easier for all applications in the BSV ecosystem to exchange them.

After first being proposed in June 2020 and passing an initial checkpoint review by the 10 Technical Standards Committee members, the proposed standard data format for Merkle inclusion proofs was drafted by a dedicated workgroup and subjected to several subsequent review phases – including an open public review – after which the standard was published in June 2021. The TSC monitored adoption of the standard by businesses after publication to assess its utility to the wider BSV ecosystem.

With the Merkle proof standardised format now in use across three prominent ecosystem applications – the Bitcoin SV node software, Merchant API (mAPI), ElectrumSV and ElectrumX – the TSC has determined that the standard has reached a sufficient level of adoption to progress to the recommended stage. Businesses in all parts of the BSV eco-system that use Merkle proofs should now be using the standardised format. TSC will monitor and make any modifications or improvements to the standard to keep it relevant to businesses who implement it.

TSC was created to professionally develop Bitcoin technology for major enterprises and to accelerate its adoption worldwide. The TSC works to improve technical proficiency and interoperability within the BSV ecosystem by standardisation. This committee is intended to encourage industry participation in standardization efforts that promote interoperability and technical excellence across the BSV ecosystem. To find out more, visit tsc.bitcoinassociation.net today.

Commenting on today’s announcement, Bitcoin Association for BSV Founding President Jimmy Nguyen said:

The work of the Bitcoin SV Technical Standards Committee has been vital in professionalizing the development and use of Bitcoin technology by businesses and ensuring it’s interoperable, useful and compatible. After nearly two years of work, the Merkle proof standardised format becoming the first standard to reach the recommended phase and see real adoption across the BSV ecosystem is a testament to the hard work that has been put in, the processes that have been developed – and more broadly – the importance of the TSC. The Merkle proof standardised formats working group members and the TSC deserve my sincere thanks.
Steve Shadders (chair of the Bitcoin SV Technical Standards Committee) also commented.

‘The first BSV technical standard progressing to the recommended stage – the final stage for technical standards – represents a significant achievement for the Bitcoin SV Technical Standards Committee. Although the process was long, the final stage of the recommended stage met all criteria. This validation serves not only to validate the Merkle-proof standardised format but also the TSC’s value to the larger BSV ecosystem. Being the first technical standard to reach this stage, there have been several lessons learned throughout the process for the TSC and its working groups, which will benefit the development of all future technical standards – and more broadly – the BSV ecosystem.’

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