Bitcoin SV (BSV)
- Category: P2P Payment System
- Coin Launched: November, 2018
- Resources: White Paper
- Official Website: Bitcoin SV
- Reddit: Bitcoin SV
BITCOIN SV History / Information / Buying / Staking
BITCOIN SV HISTORY
Bitcoin Satoshi's Vision (BSV) is the result of a perennial debate within certain cryptocurrency circles about what Satoshi Nakamoto's vision for Bitcoin was and if Bitcoin is or should strictly adhere to their vision. BSV's ethos is to "restore what was the original Bitcoin protocol." The decision to hard fork from Bitcoin Cash was a result of a dispute over canonical transaction ordering which would enable the graphene algorithm to run more efficiently and script enhancements enabling oracle data to be imported to the blockchain. In opposition, Bitcoin SV rejected these proposals and instead planned to increase the block limit to 128MB (later increased to 512MB in a hard fork) and restore certain opcodes from the original Bitcoin 0.1.0 protocol implementation.
HOW BITCOIN SV WORKS
Bitcoin SV is a Bitcoin Cash hard fork prioritizing what the creators consider strict adherence to Satoshi Nakamo's original Bitcoin client. It views cheap peer-to-peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal.
BENEFITS OF USING BITCOIN SV
Some of the benefits of using Bitcoin SV are:
FAST AND EASY TO USE
HUGE POTENTIAL FOR SCALABILITY
STRONG DEVELOPER SUPPORT
PLENTY OF UTILITY WITH TOKENS, SMART CONTRACTS
CAN YOU STAKE BITCOIN SV
No staking is not available for Bitcoin SV as Bitcoin SV uses Proof-of-work which is the blockchain-based algorithm that secures Bitcoin SV.
COINS SIMILAR TO BITCOIN SV
Direct competition for Bitcoin SV which are considered similar coins are: