What Is Bitcoin SV (BSV)?

Bitcoin SV (BSV) emerged following a hard fork of the Bitcoin Cash (BCH) blockchain in 2018, which had in turn forked from the BTC blockchain a year earlier.

The goal of Bitcoin SV is to recognize Satoshi Nakamoto’s original vision for the Bitcoin protocol and design, as described in his white paper, early Bitcoin client software, and known Satoshi writings. BSV aims to provide scalability and stability consistent with Bitcoin’s original description as a peer-to-peer electronic cash system, as well as a distributed data network capable of supporting enterprise-level advanced blockchain applications.

 the original Bitcoin whitepaper

What makes Bitcoin SV (BSV) unique?

BSV supporters claim it is distinct because it seeks to follow to the original Bitcoin whitepaper.

They argue that BSV is required because Bitcoin has evolved into a store of value asset rather than a scalable, usable means of payment. This is due to its key characteristics of limited supply and scarcity, which make it more similar to gold than cash. BSV’s goal is to function as the cash bitcoin was “meant” to be.

BSV can scale to meet the demands of any application and payment network due to its unbounded block size, eliminating the need for layer two solutions.

The BSV network mined the world’s first gigabyte level blocks in 2021, reaching 2 GBs in August 2021. In comparison, 2 GBs is 2000 times the Bitcoin network’s 1MB block limit.

The BSV infrastructure team has already shown that the BSV network can handle up to 100,000 transactions per second and expects it to surpass that in the near future through continuous development and testing of the new software.