Bitcoin SV Price

BSV originated from BCH: On November 16, 2018, at 00:40 (UTC+8), BCH underwent a highly anticipated hard fork, igniting the first-ever hash war in cryptocurrency history. The two sides in this hash war were: on one side, Craig Wright, who claims to be "Satoshi Nakamoto," and the nChain development team backed by gambling tycoon Calvin Ayre; on the other side, the Bitcoin ABC development team, and its backers, Bitmain founder Jihan Wu and "Bitcoin Jesus" Roger Ver. Because the two sides failed to reach an agreement on the best way to develop BCH and deploy updated code, they ultimately went through a hard fork, splitting BCH into two camps: BCH ABC and BCH SV, agreeing to settle their differences through a hash war. BCH, which originated from a Bitcoin hard fork in August 2017, experienced another split a year later, this time without replay protection, fighting each other through hash power competition. As the fourth-largest cryptocurrency by market capitalization, the BCH hash war attracted widespread attention in the industry, impacting Bitcoin and the entire cryptocurrency market, and profoundly influencing future community governance models.

The BCH hash war began on November 16th and lasted for over a week until November 23rd when the SV side conceded defeat and withdrew from the naming rights competition. With this, the hash war officially ended, and BCH forked into the original BCH chain and the BSV chain, giving birth to BSV.

BSV (Bitcoin Satoshi Vision) – the “SV” stands for Satoshi Vision, aiming to realize the original vision of large-scale on-chain scaling and become a globally universal peer-to-peer electronic cash and value data transfer network.

BCHSV will be the alternative chain in the hard fork. Its direction was supported by Craig Wright. The BCHSV chain will use and follow the original specifications outlined by Satoshi Nakamoto in the Bitcoin white paper, hence the name SV or “Satoshi Vision”. Regarding the controversial hard fork, this proves that the only real difference between BCHSV and BCHABC is that, for the network, SV will have a larger block size of 128MB.

Bitcoin SV offers a completely new full-node implementation of Bitcoin Cash (BCH) designed to realize the vision originally set forth by Satoshi Nakamoto in his Bitcoin white paper.

Unlike other competing Bitcoin Cash (BCH) implementations that make unnecessary changes to Bitcoin, Bitcoin SV's development roadmap focuses on restoring Satoshi Nakamoto's initial protocol, maintaining protocol stability, achieving massive scaling, and allowing large enterprises to confidently develop and create projects on a solid Bitcoin Cash (BCH) foundation.