'The Superior Technology Always Prevails,” Ty Everett Tells CoinGeek Backstage
- PHPzOriginal
- 2024-08-27 15:21:101140browse
In an interview on the sidelines of the BSV DevCon 2024 in London, Everett discussed the Bitcoin CPU and how BSV will emerge victorious over competing networks.
According to Ty Everett, the superior technology always wins. In an interview with CoinGeek Backstage on the sidelines of the BSV DevCon 2024 in London, Everett discussed the Bitcoin CPU and how BSV will emerge victorious over competing networks.
The Bitcoin blockchain has been around for over 15 years, and while it could have changed the world in that time, the sector has been sidetracked to focus on hash wars, tribalism, and social media trolling.
But this is nothing new, says the Project Babbage founder. Every transformative technology gets derailed initially, but ultimately, it prevails.
“Just keep building things, keep in between the ditches. That’s what we’re trying to do here at Babbage. We’re not trying to stop things from being built on other chains. We’re trying to show how to build them on this chain and how to do it in a way that’s going to put users at the center of every equation,” he told CoinGeek Backstage’s Jon Southurst.
At Babbage, Everett leads a team that builds solutions geared toward distributed identity and data ownership on BSV blockchain.
Despite being the only blockchain that can scale to meet enterprise needs at the lowest costs, BSV has faced stubborn resistance from an establishment that benefits from BTC’s limited capabilities. But Everett sees this as BSV facing the same predicament as most new technologies.
“There’s always going to be conflict between technologies that work and those that don’t. Most of the time, technologies that don’t work get a lot of press and mainstream audience…in the long view of history [the best tech] ends up prevailing.”
At the London Blockchain Conference, Everett and his team demonstrated some interoperability solutions they were developing. At the sideline event, the BSV DevCon 2024, he presented his latest creation: the Bitcoin CPU.
The CPU “enables a degree of interoperability with existing blockchain solutions. You could run Ethereum applications on BSV.”
Everett believes that the Bitcoin CPU will give thousands of developers building on other chains an alternative to their slow and costly networks.
“I think we can build some cool stuff on top of the Bitcoin CPU, even if people weren’t on BSV to begin with, as I recognize that there’s a big ecosystem outside of [BSV],” he said.
Watch: Building bridges toward a common goal
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