Bitcoin SV is a new full-node implementation for Bitcoin Cash (BCH). The latter experienced a hard fork on November 15, 2018, which resulted in the creation of Bitcoin SV. Its purpose is to become more technologically advanced as regards the continuation of the original Bitcoin protocol. It is worth adding that Bitcoin SV is an acronym for Bitcoin Satoshi Vision. It was created by Craig Wright with the aim of executing the vision of Satoshi Nakamoto, the supposed founder of Bitcoin.

BSV offers a solid rock foundation that would enable global businesses to reliably build robust applications, projects, and ventures. It aims to have a fixed protocol structure in order to provide the kind of stability prospective investors and enterprise-size applications tend to seek.

BSV functions according to the early rules of the original Bitcoin. However, the key difference is the significant increase in the block size. The BCH in its November 2018 upgrade limited its default block cap to 32 MB, as opposed to BSV who raised its default block cap to 128 MB. BSV aims to remove limitations on block caps completely and give miners the liberty to configure for themselves what block sizes they deem sufficient.

Besides, Bitcoin SV has lower transaction fees compared to Bitcoin as well as the capacity to hit about 9,000 transactions per second.

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Coin’s Details

  • Market Capitalization

    $1.21 B

  • Fully diluted valuation

    $0.0

  • Volume 24H

    $19.67 M

  • Circulating supply

    19 140 658

  • Total supply

    21 000 000

  • Circ. percent

    91.2%

  • All-time high

    $490 (-87.0%)

  • All-time high date

    Apr 16th, 2021

  • All-time low

    $42.02 (51.1%)

  • All-time low date

    Nov 23rd, 2018

  • First announced

Bitcoin SV News