Bitcoin SV
Smart Contract Platform, Bitcoin Fork, Proof of Work (PoW)
About Bitcoin SV
Bitcoin SV (BSV) is a cryptocurrency project that was created in 2018 as a result of a hard fork of the Bitcoin Cash (BCH) blockchain.
The project was created by Craig Wright, the self-proclaimed Satoshi Nakamoto, and is supported by the nChain development team. The goal of Bitcoin SV is to restore the original Bitcoin protocol as outlined in the white paper written by Satoshi Nakamoto. This includes increasing the block size limit to 128MB, removing all existing limits on data and transaction sizes, and restoring original opcodes that were removed from Bitcoin Core.
Additionally, Bitcoin SV seeks to create an environment where developers can build applications on top of the blockchain without fear of censorship or interference from third parties. The main difference between Bitcoin SV and other cryptocurrencies is its focus on scalability and enterprise use cases. By increasing the block size limit to 128MB, it allows for more transactions to be processed at once, which increases throughput and reduces transaction fees.
Additionally, it allows for larger data sets to be stored on-chain, which makes it more suitable for enterprise applications such as supply chain management or identity verification. Finally, Bitcoin SV also seeks to create an environment where developers can innovate without fear of censorship or interference from third parties. This includes allowing miners to choose which transactions they want to include in blocks they mine, allowing them to prioritize certain transactions over others if they wish.
This creates an environment where developers can experiment with new ideas without worrying about their projects being shut down due to censorship or interference from third parties.
