What Is Bitcoin SV?
Bitcoin SV (Bitcoin Satoshi Vision) is a cryptocurrency created through a fork of Bitcoin Cash. The protocol was adjusted to feature larger block sizes, aiming to reduce transaction fees significantly.
Key Points:
- Origin: Resulted from a 2018 hard fork of Bitcoin Cash (BCH), which itself originated from Bitcoin’s 2017 hard fork.
- Vision: Supporters believe BSV aligns with Satoshi Nakamoto’s original vision for Bitcoin, emphasizing low fees and scalability.
- Consensus: Uses proof-of-work (PoW), requiring miners to solve complex puzzles to validate transactions and secure the network.
👉 Discover how Bitcoin SV compares to other major cryptocurrencies
Bitcoin SV Founders
Bitcoin SV was co-founded by Craig Steven Wright (self-proclaimed Satoshi Nakamoto) and Calvin Ayre. Their competing software version increased the block size limit to 128 MB, targeting enterprise scalability.
- Craig Wright: Also founded fintech firm nChain. His unverified claim as Bitcoin’s creator remains controversial.
- Calvin Ayre: Entrepreneur and investor in blockchain ventures.
How Does Bitcoin SV Work?
Core Features
Enterprise Focus: Designed as a scalable blockchain for corporations, offering:
- 128 MB block size (vs. Bitcoin’s 1 MB).
- Backend tools like mAPI, SPV Channels, and PayMail.
- Scalability: Solves Bitcoin’s transaction speed and fee issues by accommodating more data per block.
Tokenomics:
- 21 million supply cap (like Bitcoin).
- Halvings: Block rewards reduce by 50% periodically.
Use Cases
- Payments: Aims to replace traditional systems with lower fees and faster transactions.
- Developers: Supports decentralized applications (dApps) and smart contracts.
👉 Explore Bitcoin SV trading pairs and liquidity
FAQ
1. Is Bitcoin SV the same as Bitcoin?
No. BSV is a fork of Bitcoin Cash (BCH), which itself split from Bitcoin in 2017.
2. Why does BSV have larger blocks?
To enhance scalability—more transactions per block mean lower fees and faster processing.
3. Where can I buy Bitcoin SV?
BSV is listed on major exchanges like OKX, Binance, and Kraken.
4. What’s the controversy around Craig Wright?
He claims to be Satoshi Nakamoto but hasn’t provided conclusive proof, sparking skepticism.
5. How does BSV’s halving work?
Like Bitcoin, BSV halves block rewards every 210,000 blocks (~4 years) to control inflation.
Final Thoughts
Bitcoin SV positions itself as a scalable, enterprise-grade blockchain. While its ties to Bitcoin’s early vision and controversial founders draw attention, its technical upgrades—like massive block sizes—make it a unique player in crypto.
For real-time BSV price updates and market analysis, check our live tracker.
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