What is the difference between Bitcoin and Bitcoin SV?

The main difference between Bitcoin and Bitcoin SV is the underlying technology.

Bitcoin is based on the original Bitcoin protocol, while Bitcoin SV (BSV) is a hard fork of the original Bitcoin Cash (BCH) protocol. Bitcoin was created in 2009 as a peer-to-peer electronic cash system. It uses a proof-of-work consensus mechanism to validate transactions and secure the network.

The main purpose of Bitcoin is to provide an alternative to traditional fiat currencies, allowing users to send and receive payments without relying on third parties such as banks or payment processors. Bitcoin SV was created in 2018 as a hard fork of the original Bitcoin Cash protocol. It was created by Craig Wright, who claims to be Satoshi Nakamoto, the creator of Bitcoin.

The main purpose of BSV is to restore the original vision for Bitcoin as outlined in Satoshi’s white paper. This includes increasing block size limits, removing certain restrictions on transaction types, and enabling larger scale applications such as smart contracts and decentralized applications (dApps). In terms of features, both networks offer similar features such as peer-to-peer payments, low transaction fees, and fast transaction times.

However, there are some key differences between them. For example, BSV has larger block sizes than BTC which allows for more transactions per second (TPS). Additionally, BSV has implemented new features such as Schnorr signatures which allow for more efficient multi-signature transactions and improved scalability.

Finally, BSV has implemented a new scripting language called Script which allows developers to create more complex applications on top of the network.