Bitcoin SV, or Bitcoin Satoshi Vision, is a cryptocurrency that emerged from a hard fork of Bitcoin Cash in November 2018. The fork was driven by differing views on the direction of Bitcoin and seeks to restore the original vision of Bitcoin as outlined by its creator, Satoshi Nakamoto. Bitcoin SV aims to increase transaction throughput and scalability.
It proposes larger block sizes, allowing more transactions to be included in each block, which can enhance speed and reduce fees. The project emphasizes stability and aims to minimize changes to its protocol to build a robust ecosystem. Supporters of Bitcoin SV believe that it stays true to Satoshi’s original intent of achieving a peer-to-peer electronic cash system.
They argue that this approach can facilitate mainstream adoption and practical use cases in everyday transactions. However, Bitcoin SV has faced criticism for its governance and its approach to scaling. Despite the controversy, it has established a community of supporters and has made strides to develop its infrastructure and applications.
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