Bitcoin SV (BSV)
Bitcoin SV (BSV) is a cryptocurrency that was created in 2018 as a result of a hard fork of the Bitcoin Cash (BCH) blockchain. It is a decentralized, peer-to-peer digital currency that enables users to send and receive payments without the need for a third-party intermediary. Bitcoin SV is an open-source project that is maintained by a global community of developers and miners. The goal of Bitcoin SV is to provide a secure, reliable, and scalable blockchain that can be used for a variety of applications, including payments, smart contracts, and data storage.
History of Bitcoin SV
Bitcoin SV was created in November 2018 as a result of a hard fork of the Bitcoin Cash (BCH) blockchain. The fork was initiated by a group of developers and miners who disagreed with the direction of the Bitcoin Cash project. The group wanted to restore the original Bitcoin protocol and increase the block size limit to 128MB. The new protocol was named Bitcoin SV, which stands for “Satoshi Vision”, in honor of the pseudonymous creator of Bitcoin, Satoshi Nakamoto.
Since its launch, Bitcoin SV has become one of the most popular cryptocurrencies in the world. It has a market capitalization of over $6 billion and is currently the sixth-largest cryptocurrency by market capitalization. Bitcoin SV is supported by a large and active community of developers and miners who are committed to the long-term success of the project.
Comparison Table
| Cryptocurrency | Market Cap | Block Size |
|---|---|---|
| Bitcoin SV (BSV) | $6 billion | 128MB |
| Bitcoin Cash (BCH) | $10 billion | 32MB |
| Bitcoin (BTC) | $1 trillion | 1MB |
Summary
Bitcoin SV (BSV) is a cryptocurrency that was created in 2018 as a result of a hard fork of the Bitcoin Cash (BCH) blockchain. It is a decentralized, peer-to-peer digital currency that enables users to send and receive payments without the need for a third-party intermediary. Bitcoin SV is an open-source project that is maintained by a global community of developers and miners. The goal of Bitcoin SV is to provide a secure, reliable, and scalable blockchain that can be used for a variety of applications, including payments, smart contracts, and data storage. For more information about Bitcoin SV, visit the official website at bitcoinsv.org.
See Also
- Bitcoin Cash (BCH)
- Bitcoin (BTC)
- Blockchain
- Cryptocurrency
- Mining
- Satoshi Nakamoto
- Smart Contracts
- Decentralized Applications (DApps)
- Initial Coin Offerings (ICOs)
- Proof-of-Work (PoW)
