EasyBit | Coin Analysis BSV Exchange

Type

COIN

Algorithm

SHA-256

Protocol

POW

Start Date

15/11/2018

Max Supply

21,000,000

Circ. Supply

18,626,645

Website

Explorer

Social Media

Intro

Bitcoin SV (Satoshi's Vision) stems from a hard fork that split Bitcoin Cash into two different digital currencies in Nov 2018. The hard fork resulted in a hash war that determined how the chains would be split, resulting in Bitcoin SV and Bitcoin ABC. Bitcoin ABC became the dominant chain and took over the BCH ticker, while Bitcoin SV has its own ticker. Upon creation of Bitcoin SV, Bitcoin cash holders who had their private keys or kept their Bitcoins on a service that supported the split were able to receive equal amounts of Bitcoin SV and Bitcoin Cash ABC, resulting in further divergence in Bitcoin price dynamics.

Created at the request of leading BSV mining enterprise CoinGeek and other miners, Bitcoin SV is intended to provide a clear choice for miners and allow businesses to build applications and websites on it reliably. Bitcoin SV claims a strict adherence to Satoshi Nakamoto's vision for the original Bitcoin, with the original Bitcoin white paper serving as a core document for the project. Bitcoin SV restores the original Bitcoin protocol, aiming to keep it stable and allow it to massively scale.

Bitcoin SV also enables massive scaling, which its team says will pave the way for the BSV blockchain to support significantly higher transaction volumes and more transaction fees for miners. This is important for miners to maintain profitability as the block reward will halve again in the year 2020, and halve again in later years.

Features

Stability
The Bitcoin SV vision is to provide assured stability with only a limited and well known set of changes planned to restore the Bitcoin protocol to its original design, and enable innovation to occur on top of a stable base protocol.Part of this is restoring the Satoshi op_codes to enable businesses and development teams around the world to create the many solutions possible on the BSV blockchain, such as smart contracts, tokenisation, atomic swaps, and many more.
Scalability
The Bitcoin SV roadmap is primarily focussed on delivering capacity increases, through bigger default or miner configurable block sizes and performance improvements. By enabling massive scaling, Bitcoin SV will pave the way for the BSV blockchain to support significantly higher transaction volumes and more transaction fees for miners. This is important for miners to maintain profitability as the block reward will halve again in the year 2020, and halve again in later years.
Security
This is achieved by implementing a rigid set of test phases with full traceability throughout the test pipeline, to assure users that changes pass through a formal and rigorous validation process before they are accepted. In this respect, Bitcoin SV aspires to levels of Quality Assurance exemplified by mission critical industries such as aerospace, medicine and national security.

Website

Explorer

Social Media

*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.

Exchange BSV to BTC

Bitcoin SV to Bitcoin