After a period of beta testing and internal checks, the Bitcoin SV Node team has released the stable version of “Genesis”—or, Bitcoin 1.0.0. All miners are required to install the new software, which will activate on February 4, 2020, and begin a new era for “a fully on-chain world.”
This release represents the final step before Genesis activates on the Bitcoin main chain, enabling its features for all users. The Bitcoin SV Node team is calling this a “restoration” rather than an “upgrade” to the protocol, as it marks a return to Satoshi Nakamoto’s original vision for Bitcoin. That is, a protocol that massively scales on-chain and handles all kinds of data activity, a “ledger of truth” that could eventually even replace the internet itself.