Bitcoin SV (BSV) is a cryptocurrency that emerged from a hard fork of Bitcoin Cash (BCH) in November 2018. Its name stands for “Bitcoin Satoshi Vision,” reflecting its aim to fulfill the original vision of Bitcoin’s creator, Satoshi Nakamoto.
BSV prioritizes scaling and aims to increase the block size limit significantly, allowing for a greater number of transactions per block. This is intended to accommodate an increasing volume of transactions and improve efficiency. BSV supporters argue that larger block sizes can lead to lower fees and faster processing times.
The project is often associated with Craig Wright, who claims to be Satoshi Nakamoto. His involvement has sparked controversy and debate within the community. BSV advocates for a return to what they see as Bitcoin’s original protocol and disregard for various modifications made over the years.
While BSV has its supporters, it also faces criticism regarding its centralization and governance. Its market position has fluctuated, making it a subject of interest and skepticism among traders and investors.
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