© Christen Ager-Hanssen Issue 1 - Saturday, 10 December 2022 nChain - The DNA of Blockchain 1 Above the team that created this unique opportunity for all of us and the reason why we all are here. From left to right, Stefan Matthews, Dr Craig Wright, Calvin Ayre MONTHLY NEWSLETTER TO THE BSV COMMUNITY By Christen Ager-Hanssen I am very excited to join nChain as the new Group CEO as well as joining the Bitcoin Association as its UK ambassador. This is the fi rst of my monthly newsletter to everyone in the BSV community. nChain is the DNA of Blockchain and one of the main reasons for why I am so enthusiastic about joining and bringing my energy to the business. When I use the expression “the DNA of Blockchain” what I really say is that we are the founders, inventors and - through the Bitcoin Association - the custodians of the underlying protocol of Bitcoin as it was set out in Dr Craig Wright’s AKA Satoshi Nakamoto original game- changing white pape r. No other blockchain developer can claim the same. This simple phrase therefore communicates everything about our © Christen Ager-Hanssen Issue 1 - Saturday, 10 December 2022 nChain - The DNA of Blockchain 2 origin, who we are and what we are about. I want us all to remember this and proudly use this phrase to establish nChain and Bitcoin (BSV) as natural synonyms for Blockchain and Bitcoin in the same way as the product brands Hoover and Xerox replaced the words for vacuum cleaner and photocopier. This process of genericization is part of our strategy to implement nChain as the natural go-to-place for all blockchain solutions for enterprise and government. We are a global infrastructure with unbounded e ffi ciency and our aim is to outcompete or absorb all other blockchains and become the only solution. This is a big ask, but a realistic and achievable ambition. The only way to achieve this is to reach out and onboard a completely new audience that has little or no knowledge about blockchain, but which has a willingness and passion to fi ght for humanity and social impact. I want our technology to establish nChain as a global social impact enterprise. Through our unique knowledge and technology we will provide solutions to many global challenges. By tokenizing all the world's assets we will make the world a better place. This is in line with Dr Craig Wright's vision for a more transparent world and better future for humanity. For example, we will reduce corruption and fraud, fi ght child labour, reduce wasteful fast fashion, get rid of unnecessary intermediates, increase e ffi ciencies of the supply chain and reduce pollution and the carbon footprint of global business. Through peer to peer and nano transactions, we will also democratise fi nance and also empower the unbanked and semi-unbanked population of the world. These are just a few examples of what we can achieve together and in cooperation with our 1000+ start-up and established use cases. I will set out my further thoughts on this in a separate paper which I will share with all of you at later stage. We at nChain have an amazing talent pool of brilliant people and we already are a global leader in research and development of solutions in blockchain technology. This has resulted in us developing more than 2,800 patent applications and registrations. But to achieve our ambitions we cannot rest on our laurels. The time has now come for us to ensure that we not only continue our amazing activities in R&D, but also increase our investment in this area and grow our patent output. This can only be “The DNA of Blockchain” - CHRISTEN AGER-HANSSEN nChain - The DNA of BSV 9 December 2022 nChain - The DNA of Blockchain 3 achieved by monetizing our business and actively driving forward the company's commercial operation turning the Group into a consultancy, advisory and commercial powerhouse that cannot be ignored. We will provide best in class technological products and solutions to enterprises and governments across the globe. This is a challenge I relish. Since my appointment, I have set out to review the existing business and organisational structure of the Group to ensure we can build a strong and resilient nChain which, as the DNA of Blockchain, is able to take the rightful commercial lead in a fast-changing world involving Web 3, smart contracts and other smart applications including nano transactions and payment solutions. Moreover, the unique scalability of the Bitcoin (BSV) Blockchain protocol gives us the potential to considerably propel our growth over the coming months and years. Such change of focus and commercial strategy necessarily involves new appointments: 1. I have appointed Patrick Prinz, previously the Managing Director of the Bitcoin Association, as the Group COO of nChain. He will help me execute the new strategy and implement the changes necessary to drive the Group towards the commercial culture and outlook which we need to succeed. 2. I am also very pleased to announce that Simit Naik has been appointed as the Group's Director of Strategy reporting directly to me. 3. I have reorganised the role of Christine Leong, our Chief Information O ffi cer, who has been given a wider mandate which now additionally covers Products. This will speed up the process of creating products based on our own technology. 4. I have promoted Carlos Leira to be our new Chief Marketing O ffi cer with immediate e ff ect. The new role of Chief Communications O ffi cer will be fi lled by a new joiner who will join us in early January. 5. To further assist our new commercial focus, I have decided to strengthen our group subsidiary, nChain Licensing AG, with the appointments of Robert Alizon as its Chief IP O ffi cer and Owen Vaughan as its Chief Science O ffi cer. 6. Further, I have given Roman Puhek, the CEO nChain Slovenia, the additional role as Head of Special Operations, a new function reporting directly to me, which will ensure the e ffi cient and speedy handling of certain important projects in or related to our ecosystem or new unique opportunities which need to be prioritised. All of the people above including every employee in nChain are dedicated to contribute to a better collaboration with the wider ecosystem and very open for constructive input to the bene fi t of all stakeholders in the BSV Community. We are one team and need to stick together. These are exciting times for all of us at nChain and the wider BSV community and the changes I have implemented already in nChain will help the BSV community and all amazing use cases to build a strategy for achieving our mutual ambitions and commercial success as well as to underpin our leading position in the industry, far ahead of our competition. nChain - The DNA of BSV 10 December 2022 nChain - The DNA of Blockchain 4 I’m convinced and expect that the BSV community will create numerous Unicorns and even Decacorns during the next decade. nChain as a company will be a stakeholder and support many of them. I have no doubt this will all be achieved thanks to all of you, an extremely talented and committed group of professionals spearheading change and innovation in our industry. It is my privilege to be the new CEO and to lead nChain into what I fi rmly believe will be an unparalleled period of growth that will see the group leading the delivery of ground-breaking blockchain products and solutions and to be the fastest ecosystem to reach a $1 trillion market valuation, and through this success, achieving our goal of becoming the leading social impact enterprise for the good of humanity. This is a once in a lifetime opportunity for all of us in the BSV community to make real and meaningful change in the world through our work-life and as an integrated part of our business model. Everyone who shares my belief, passion and enthusiasm is invited to join the BSV community on this exciting journey. I wish you all an amazing Christmas and will be back with a new Newsletter in January Yours, Christen