Bitcoin SV review details (BSV)



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Bitcoin SV was developed in 2018 as a hard fork of Bitcoin Cash. The developers had a disagreement about some aspects of the cryptocurrency and blockchain, and this is what resulted in the creation of the new token. It uses the BSV blockchain, which is Proof-of-Work. The coin is fairly popular, especially because of its low transaction costs and high levels of scalability.
BSVUSD (-1.52%)
$60.494
August 18, 2022, 2:30 pm [UTC]


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This cryptocurrency claims to be in line with the original vision of Satoshi Nakamoto, who was the anonymous creator of Bitcoin. In fact, its name stands for Bitcoin Satoshis Vision. The coin has enjoyed massive support from Craig Wright, who has claimed to be Satoshi. His support of the project has raised controversy in the crypto community as he is considered a fraud.

 

Briefly about Bitcoin SV

This cryptocurrency is highly decentralized, but its block sizes are larger than those of Bitcoin. While the blockchain uses proof of work, it is focused on energy efficiency and has a lower carbon footprint than Bitcoin. The coin has risen to become one of the largest cryptocurrencies by market cap, but it is highly unlikely to beat the original Bitcoin.

Bitcoin SV Offers a Global Infrastructure With Unbounded Efficiency.CryptoLists.com
 

This altcoin tries to follow in the footsteps of the original BTC whitepaper, and that is why the creators of the token have remained anonymous. However, Craig Wright is highly likely to have been involved in the development of the coin. He has been vocal about his support of the project. Still, it is worth noting that Craig also claimed to be Satoshi Nakamoto and has never provided evidence to support his claim. The main purpose of the coin was to reduce transaction costs as the developers believed this was Satoshis initial vision.

 

Utility of Bitcoin SV?

This altcoin is used for regular financial transactions online as it offers quick transfers. Also, it is highly scalable and can favourably compete with giants like PayPal and Visa. Its low transaction fees have also made it great for regular payments. The coin is also used to develop smart contracts and secure dApps.

Bitcoin SV Price details




Very speculative and theoretical potential data
Last updated: August 18, 2022, 1:19 pm
›› BSV tokenomics and social media
 

Advantages at Bitcoin SV

+ BSV can be transferred faster than BTC.
+ Bitcoin Sv can be used to develop smart contracts.
+ BSV can be used to govern dApps.
+ It enjoys strong developer support.
 

Disadvantages

- It is not available in some major crypto exchanges.
- BSV experiences significant price fluctuations.
- Its blockchain has been the subject of a series of attacks.
 

Costs

▪ Rated at 10/10

The transaction cost of this cryptocurrency has consistently stayed under $0.04, which is very low. This is one reason why the coin is considered a major competitor of Visa. It is unclear what determines the transaction speed of this cryptocurrency.

 

Reputation and Buzz

▪ Reputation rated at 9/10
▪ Buzz rated at 9/10

Some people have been sceptical about this altcoin because of its association with Craig Wright, who is considered dishonest for claiming to be Satoshi Nakamoto. However, lots of people in the crypto community have appreciated the technology behind the cryptocurrency and its blockchain. It is worth noting that the cryptocurrency is backed by a team of developers, and they have ensured that the blockchain works perfectly. Lots of discussions have been going on about the coin on Reddit and Twitter. On Twitter, the official page of the token has about 120,000 followers.

 

Some of the developers involved in Bitcoin SV

▪ Rated at 10/10
The logos below represent some of the developers who have been involved in Bitcoin SV. Check out the developer about page, by clicking the logo. There you can see what coins they have developed and at what exchanges, brokers and trading platforms their coins are available.
 

FAQ

What is the difference between Bitcoin SV (BSV) and BTC?

This altcoin was developed through a hard fork from Bitcoin Cash, which was, in turn, a hard fork of the original Bitcoin. BSV isnt as successful as BTC, but it has higher speeds and lower transfer costs.

Who is the creator of this cryptocurrency?

This altcoin was created by a group of developers who disagreed on some aspects of Bitcoin Cash, and Craig Wright may have been part of the original team. However, the developers have largely adopted Satoshis system of staying anonymous.

Can I mine this cryptocurrency?

Yes, BSV is secured by participants known as miners. The coin can be mined with ASIC machines, but you cannot use CPU or CPU cards.

Does this altcoin have a hard cap on its supply?

Yes, the supply of this cryptocurrency can never exceed 21 million, and it currently has a circulating supply of 18.8 million.

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Screenshots from Bitcoin SV

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More sites where to buy/sell/trade Bitcoin SV

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
BSV/USD CFDs
BSV/USDT, BSV/BTC, USDT/BSV
 

Bitcoin SV details and tokenomics

Bitcoin SV Ticker: BSV
Contract address: n/a
Type of crypto: token-bsc
Launch/ICO Date: November 15, 2018
Resources & Social media
Blockchain URL: https://blockchair.com
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