BSV Blockchain is pleased to announce its new SV Node release ‘Chronicle’ which will be released later in 2024. The update will further align the BSV blockchain with the original Bitcoin protocol and remove restrictions for developers on building on the BSV blockchain.
The Chronicle release is a follow-up of the Genesis upgrade in 2020 which restored many aspects of the Bitcoin protocol that had been modified in previous software updates, including the removal of most limit-based consensus rules, replacing them with miner configurable settings that give node operators the autonomy needed to set their limits as they determine practical.
‘A main driving principle of the BSV blockchain is to restore the protocol as close to the original as possible,’ said Connor Murray, Director of Stewardship. ‘With the Genesis update in 2020, we restored most of the original scripting functionalities that were in the original Bitcoin protocol.
‘But a few opcodes still haven’t been restored and re-enabled yet. There remain some limitations on the ways you can add data into a transaction that need to be removed. with the upcoming Chronicle update, due out later this year, we will restore all the remaining opcodes and tackle remaining restrictions.’
These opcodes include:
- OP_VER
- OP_VERIF
- OP_VERNOTIF
- OP_SUBSTR
- OP_LEFT
- OP_RIGHT
- OP_2MUL
- OP_2DIV
The Chronicle release will also further remove restrictions on the ways developers can construct locking and unlocking scripts for transactions:
- Lift restrictions on the length of numbers used in scripts;
- Remove the ‘Clean Stack’ requirement for script execution,
- Remove the low S value requirement for signatures;
- Remove the PUSHDATAONLY requirement in the unlocking script;
- Remove the minimal encoding requirement.
Adhering to core values and enabling new use cases for developers
Murray noted that this forms part of a wider project at the BSV Blockchain to implement the original Bitcoin protocol. This restoration project, for the most part, is to implement the original Bitcoin protocol that enables unbounded use cases, freeing developers to use the protocol to build any application they can imagine, he said.
However, Murray noted that the update will also add benefits for developers in several ways ahead of the upcoming Mandala upgrade.
‘One of the op-codes is a versioning op-code which will allow developers to build overlay-type networks and transactions.t provides a way to version transactions, for use with overlay networks, on top of the blockchain which we think is a really interesting use case,’ he said.
The Chronicle release is set to release in Q3 or Q4 2024 with an activation date to be announced shortly. Further details on the exact activation heights will be available closer to that time. This will include more information on developer benefits and when miners should upgrade to the new version.
