TAAL Announces Support of Security of the Bitcoin SV Blockchain


TORONTO, July 12, 2021 / CNW / – TAAL Distributed Information Technologies Inc. (CSE: TAAL) (FWB: 9SQ1) (OTC: TAALF) (“TAAL” or the “Company”), a vertically integrated blockchain infrastructure and service provider for businesses, announced today announced that TAAL will add its resources in support of the Bitcoin Association’s mandate to build a regulation-friendly ecosystem that encourages lawful behavior while promoting digital currencies and blockchain innovation.

TAAL Distributed Information Technologies Inc. (CNW Group / Taal Distributed Information Technologies Inc.)

Bitcoin Association (for BSV) is non-profit, Switzerland-based global industry organization that underpins the Bitcoin SV blockchain, one of the major competing Bitcoin chains and the one that follows the original Bitcoin design. The association provides the Bitcoin SV Node software and other infrastructure tools for the network.

TAAL is a proud advocate of the Bitcoin Association and the Bitcoin SV Infrastructure team, who provide key software for the network and help maintain the network that powers the solutions and services we deliver to our customers.

The Bitcoin Association issued a statement too July 8, 2021 Notifying its members and the public of an attack on the Bitcoin SV network and warning that a malicious actor recently carried out block reorganization attacks on the Bitcoin SV (BSV) network that are apparently deliberate acts of masking the illegal double issuance of coins. A thorough investigation is ongoing and the Bitcoin Association is committed to taking all legal action (including reporting to appropriate law enforcement agencies) necessary to stop such activity.

TAAL supports the Bitcoin Association and the BSV ecosystem in a zero tolerance policy against illegal activities in the Bitcoin SV network and efforts to suppress malicious and illegal activities of third parties and hold them accountable. As the responsible BSV network participant, TAAL will continue to work with the association and other industry participants, including by contributing resources to maintain a healthy, stable and secure ecosystem for application development and corporate adoption.

The story goes on

About TAAL Distributed Information Technologies Inc.

TAAL Distributed Information Technologies Inc. provides value-added blockchain services and provides professional, highly scalable blockchain infrastructure and transaction platforms to help companies develop solutions and applications on the BitcoinSV platform as well as develop, operate and manage distributed computer systems support for corporate users.

Visit SPRACHE online at www.taal.com

The CSE or its regulatory service provider assumes no responsibility for the adequacy or accuracy of this press release.

SOURCE Taal Distributed Information Technologies Inc.



To download multimedia, see the original content at: http://www.newswire.ca/en/releases/archive/July2021/12/c2650.html