Bitcoin SV

Bitcoin SV

BitCoin SV
Bitcoin SV

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  • Bitcoin SVBitcoin SV$87.12-1.26%

About Bitcoin SV

Bitcoin SV (Satoshi’s Vision )was created out of the hard fork of Bitcoin Cash (BCH) on November 15, 2018. A segment of the ecosystem wanted to increase the blocksize greater and faster.  As well as limit potential smart contract features. They split was led by nChain’s Chief Scientist, Craig Wright, who is also renowned for claiming he was Satoshi Nakamoto. The original founder of Bitcoin, without extensive evidence. Since it’s forking, it has consistently remained in the top 20 coins by market cap. It also migrated businesses and developers from BCH to its ecosystem. It seeks to emulate the proposed original vision of bitcoin through emphasis on scaling onchain as fast as possible.

nChain

This is a cryptocurrency designed by the nChain company. The new cryptocurrency was announced on August 16, 2018 and is described as an attempt to restore the original Bitcoin protocol. The SV acronym stands for “Satoshi Vision”. Representing the goal of building the cryptocurrency as it was conceptualized by the Bitcoin developer. The original Bitcoin white paper is mentioned as the core document of the project on the Bitcoin SV website. This product of the Bitcoin Cash hard fork that happened on November 15.  And it is maintained by the development team led by the nChain employees - Daniel Connolly and Steve Shadders. The Bitcoin SV price is highly volatile. But the crypto was fast to become one of the top-10 cryptocurrencies in terms of market capitalization. And is actively traded on most cryptocurrency exchanges.

Decentralized Cryptocurrency System

Though this cryptocurrency remains a decentralized cryptocurrency system. The bComm Association will now urge the global Bitcoin ecosystem to adopt this new logo for BSV.    

Nguyen adds:

“The Bitcoin SV Node is now the reference implementation for the BSV protocol.  To differentiate the full node implementation from the BSV cryptocurrency, the team at nChain intends to keep its dragon logo for the time being.   Occupying the 5thposition in the Chinese zodiac, the dragon is the mightiest of the signs.  It symbolizes leadership, ambition, good fortune, energy, and independence – perfect qualities for a reference implementation to lead Bitcoin to its destined world-changing future.”

 

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Bitcoin SV

Bitcoin SV

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