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Why Developers Transfer from Other Blockchains to BSV

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BSV blockchain

As blockchain-based applications and platforms continue to make waves as means to advance previously stagnant and problem-inundated systems and processes, there must be a clear understanding of the difference between popular digital currencies and blockchain technology.

Bitcoin, being the first functioning implementation of blockchain technology and the pioneer digital currency, has been a top choice for both digital currency trading and blockchain development. ETH, Hyperledger and EOS are also some of the more popular blockchains used by both individuals and enterprises.

While Bitcoin, ETH and EOS all have digital currencies traded in the market, Hyperledger does not have one and is focused mainly on providing blockchain-based solutions to developers. Digital currencies are built on blockchain technology, a decentralized distributed ledger that allows for data to be immutable, transparent and secure.

All digital currency transactions are recorded on that cryptocurrency’s blockchain, so there are currently many different blockchain providers all over the world. And while blockchain is essentially a decentralized database, not all blockchains have the same capabilities. And this is the main reason why developers transfer from one blockchain to another—because they are looking for certain efficiencies that their applications need.

The BSV Blockchain

BSV is an implementation of Bitcoin that has restored the original Bitcoin protocol, which creates a rock-solid foundation for developers to build on, and unlocked unbounded scaling. Unlike other popular yet unscalable implementations of Bitcoin, such as BTC and BCH, BSV is able to offer 2GB data blocks, extremely high throughput and the lowest possible fee per transaction.

And because BSV has the ability to scale limitlessly, these numbers are not fixed. For instance, the Teranode update scheduled to be released early next year will effectively increase throughput to 50,000 to 100,000 transactions per second (tps). Once released, data blocks will also become bigger at fees of very small fractions of a penny.

And as the network continues to scale, these numbers will continue to go up and fees will become lower until it reaches billions of tps at terabyte-sized blocks. These are the key capabilities of the BSV blockchain that make it ripe for blockchain development and also the reason why developers from other blockchains switch to BSV.

Other Blockchains vs. BSV

Many have tried building on other blockchains and have found them to be inadequate. One of the main reasons is that other blockchains have to rely on second-and third-tier solutions to make up for the flaw that the base layer, which is actually the blockchain, cannot scale.

If a blockchain is incapable of scaling, then there will always be a limit to what they can do. And when this limit is reached, either the system crashes or fees skyrocket. For instance, the ETH blockchain, which is endorsed and used by many celebrities, have been known to crash at crucial moments. This is because its blockchain cannot handle the surge of transactions.

The current average fee per transaction is at a whopping $37.45, even reaching over $60 last November, which is not practical at all. Coupled with network latency and crashes, many have transferred from ETH to BSV.

“If I am going to build something that I want to be durable and long-lasting, I don’t want the protocol to be changed all the time. The low transaction fees are also essential so we can do micropayments and that sort of thing,” independent app developer and investor Kevin Healy said when asked why he transferred from ETH to BSV.

The BSV blockchain is currently the largest public blockchain there is. A public blockchain means data is verifiable and available to anyone who is permitted to access the blockchain. This makes for utter transparency of data—something that many global systems lack.

“With a public chain you have to incentivize the public, otherwise it is not a public chain. If you don’t incentivize, no one is going to pay the electricity bill for free just to keep your chain happy. And so, if you want to be doing lots and lots of transactions, which ours should be able to do because it’s based on API calls, then you need that scalability. And I think that’s where the crucial aspect actually lies,” Peter Bainbridge-Clayton, founder and CTO of RegTech platform Kompany, explained as to why it is now working with BSV rather than Hyperledger alone.

And although Bitcoin has come under fire this year for its extremely high electricity consumption deemed by many as a waste of precious energy and detrimental to the environment, it has been proven that BSV is the most energy efficient Bitcoin implementation due to its ability to scale and utmost utility as energy efficiency of a blockchain can be measured through its throughput.

“I realized that proof-of-stake is inferior to proof-of-work, and it’s simply a marketplace to produce and consume negative space. And then I realized that we can have the whole vision of the Internet on BSV as it’s proven it can scale. I’m very passionate about building the whole Internet that is not advertising-based,” Rohan Sharan, product manager of cryptocurrency and exchange review platform BlockReview, revealed after trying out EOS and BCH and ultimately choosing BSV.

Because developers themselves know what capabilities are important in a blockchain, many have been transferring to BSV, which in itself is irrefutable proof that the BSV is the blockchain for enterprise adoption.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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Applications Open for 2025 Google AI-Focused Startups Accelerator in Africa

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2025 Google AI-Focused Startups Accelerator

By Modupe Gbadeyanka

Entries for the 2025 Google for Startups Accelerator Africa program have opened, with some benefits attached to selected participants, including a dedicated technical mentorship from Google and industry experts.

In addition, beneficiaries will receive $350,000 in Google Cloud credits, access to a global network of investors, partners, and collaborators, and workshops focused on technology, product strategy, people leadership, and AI implementation.

The accelerator is open to Seed to Series A startups based in Africa that are building AI-first solutions and entries can be submitted via https://startup.google.com/programs/accelerator/africa. Startups must have a live product, at least one founder of African descent, and a clear vision for responsible AI innovation.

The three-month initiative is designed to support early-stage startups using artificial intelligence to address Africa’s most pressing challenges.

Across the continent, startups are demonstrating how local innovation can solve deeply rooted problems. In West Africa, Crop2Cash – an agritech platform and alumni of the program – is using AI to digitally onboard smallholder farmers, build their financial identities, and provide them with access to credit, traceable payments, and productivity tools.

Through these efforts, Crop2Cash is improving agricultural outcomes and unlocking economic opportunity for farmers who have long been excluded from formal systems—illustrating the kind of impact that’s possible when African startups receive the support they need to scale.

AI’s potential to accelerate Africa’s development is real, and Google is investing in ensuring that African startups lead that charge. According to McKinsey, AI could add $1.3 trillion to Africa’s economy by 2030, but only if bold innovation is supported at the grassroots.

“Startups are Africa’s problem solvers. With the right resources, they can scale their impact far beyond local communities.

“This program reflects our belief that AI can be transformative when shaped by those who understand the context deeply,” the Head of Startup Ecosystem for Africa at Google, Mr Folarin Aiyegbusi, said.

Since 2018, the program has supported 140 startups from 17 African countries. These alumni have raised more than $300 million in funding and created over 3,000 jobs. Many are now regional and global leaders in their categories.

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Data Depletion, Nigerian Consumers and the FCCPC’s Silent Intervention

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Data Depletion

By Edwin Uhara

The various telecommunication companies in the country have come under intense pressure from the Nigerian consumers over rapid depletion of mobile data services despite the high cost of purchasing mobile data; with some accusing some of the regulatory agencies of not doing their jobs properly.

Apart from Nigerians, I have personally experienced such unsatisfactory service in recent times until I came across various online campaign materials against telecom service providers and some regulatory agencies like the Nigerian Communications Commission and the Federal Competition and Consumer Protection Commission who have all been accused of doing nothing while the unhealthy practices continued in the telecoms industry.

“According to report, telecom subscribers are sending emails and direct messages to the Nigerian Communications Commission and the Federal Competition and Consumer Protection Commission, demanding an investigation into what they describe as unexplained data consumption.”

In the midst of such accusation, operators insist that there is no mechanism for reducing customers’ data, arguing instead that rising consumption is due to users behaviour, particularly the shift from 3G and 4G to 5G and increased video streaming habit.

Such controversy comes on the  hills of the recent intervention by the Nigerian Senate urging the Federal Ministry of Communications, Innovation, and Digital Economy to engage operators on reviewing data and internet-related service costs.

While data consumption issues have remained a pressing concern in recent times, the situation became more pronounced since the implementation of new tariff by service providers.

“The report however added that many subscribers who shared screenshots of emails sent to regulators on social media remained unconvinced, arguing that the problem lies in the operators’ billing systems rather than their usage habits.”

“It added that data prices are too high these days. Every Nigerian should report the operators to NCC, FCCPC, and send them thousands of emails; otherwise, this price hike won’t stop,” one of the customers said.”

“Not only has data become more expensive, but it also seemed to deplete faster than before. This is unacceptable,” another user complained.”

Nigeria’s internet consumption crossed the one million terabyte mark for the first time in January 2025, highlighting the surging demand for internet services and Nigeria’s increasing dependence on digital connectivity.

To be very honest, I have followed the activities of the FCCPC for a very long time now, and I have also written extensively about the commission’s activities to place me in a better position to know what the agency is doing to stop exploitative practices in the country.

During the nationwide food crisis last year, the commission was in the forefront of the war against exploitative practices with many raids against some manufacturers who were caught in the shabby practice.

We also remember the open confrontation between the commission and a minister last year over some unhealthy practices involving a popular airline operator in the country.

And most recently, the commission is in court over some issues involving MultiChoice company, the parent company of DStv and Gotv over some of it’s billing systems.

Like the situation in the telecoms industry, the price hike by MultiChoice saw DStv Compact move from N15,700 to N19,000. Compact Plus from N25,000 to N30,000. Premium from N37,000 to N44,500, and GOtv Supa Plus from N15,700 to N16,800.

Following the new price regime, the FCCPC directed MultiChoice to suspend the increase pending regulatory review, but the company went ahead with the price adjustment, leading to the legal dispute now before Justice James Omotosho.

I can go on to name many of the battles against exploitative practices the FCCPC addressed last year, but will not do so because I don’t want this article to be viewed as a public relations material by my readers.

However, I managed to get across to a staff of the FCCPC who do not want his name in print over data depletion which Nigerians are complaining about but he told me that the commission is already addressing the concerns raised by Nigerians and promised that the outcome of such investigation would soon be made public.

Therefore, I appeal to Nigerians to exercise more patience as the issue is been addressed.

Comrade Edwin Uhara is A Public Affairs Commentator and writes from Abuja

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World Bank Backs Raxio With $100m for Data Centres in Africa

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Raxio

By Adedapo Adesanya

The World Bank, through its private investment arm, the International Finance Corporation (IFC), has injected $100 million investment in regional data centre developer and operator Raxio Group as it joins the rush into digital data in Africa.

Digital demand on the continent is surging, but infrastructure remains scarce as many still rely on Europe or South Africa for hosting.

Africa accounts for less than 1 per cent of the world’s data centre capacity even as mobile data usage grows by around 40 per cent annually.

Cloud computing and tech giants such as Amazon Web Services, Microsoft Azure, and Huawei are ramping up partnerships and presence on the continent.

Recall that Equinix launched its data centre in Lagos as part of efforts to boost digital economy on the continent.

The debt funding by IFC is its largest such investment to date in Africa – reflects rising interest from global institutions in the continent’s digital economy, where mobile money, AI-driven services and cloud-based platforms are rapidly expanding.

Hosting data locally reduces costs, improves speeds and gives governments more control over cybersecurity and regulation.

The IFC picked Raxio which is building a network of top standard data centres, including one in Ivory Coast with construction underway in Mozambique, Ethiopia and Democratic Republic of Congo. It launched its first facility in Uganda in 2021.

The expansion aligns with views that Africa is the next battleground for cloud services.

Speaking on this, Mr Sarvesh Suri, IFC regional industry director, infrastructure and natural resources in Africa, said improving digital connectivity and building the backbones of digital infrastructure are of key importance to support economic growth in Africa

“Data centres as such and overall digital connectivity is an important area of focus for the IFC,” he said.

Identify the challenges such as power supply, complex regulation and political instability can deter commercial players, Mr Suri noted that development finance institutions play a crucial role by de-risking early investments that can unlock long-term private capital.

“We bring in the right kind of instruments to help support investors to reduce the risk over all this, to make sure that these investments continue to be long-term, sustainable, and profitable, but also economically beneficial for the countries,” said Mr Suri.

“We see the interest, the support, the engagement, the collaboration we are getting from the governments where we operate, who really want this to happen,” added Mr Raxio Group CEO Robert Skjodt.

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