Bitcoin SV
Bitcoin SV
BSV
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Bitcoin SV Info
Bitcoin SV Intro
Bitcoin SV (BSV) is an independent public blockchain that emerged after the 2018 hard fork of the Bitcoin Cash (BCH) blockchain. Due to the inability to reach a consensus on how to best develop BCH and deploy updated code, the nChain development team supported by Craig Wright, who claims to be "Satoshi Nakamoto," and the gambling industry tycoon Calvin Ayre, failed in the hash power battle, and the BCH SV side relinquished the naming rights to BSV. The fork resulted in the original BCH chain and the BSV chain, with BSV being born.
BSV aims to provide a scalable and usable blockchain platform, offering efficient payments and distributed data applications for consumers, businesses, and government users. The goal of Bitcoin SV is to realize the original vision described in Satoshi Nakamoto's whitepaper, early Bitcoin client software, and known works by Satoshi Nakamoto. BSV aims to provide scalability and stability in line with the original description of Bitcoin as a peer-to-peer electronic cash system, while also offering a distributed data network that can support enterprise-grade advanced blockchain applications.
To achieve this, it removes artificial block size limits and re-enables script commands and other technical features that were disabled or restricted by protocol developers of the BTC blockchain in the past. In addition to providing advanced features such as tokens, smart contracts, computation, and other data use cases, this enables the network to process tens of thousands of transactions per second while maintaining extremely low fees for small-value payments.
The unique aspect of the BSV network lies in its ability to infinitely scale on-chain while remaining more true to the original design of Bitcoin than any other blockchain.In 2022, the BSV network set several world records Including regularly over millions of transactions per day, the largest block (+ 4GB), the largest NFT (1GB), and the lowest environmental impact record of any Proof of Work (POW) chain.
As of 2024, Bitcoin SV (BSV) continues to focus on its goal of scalability and stability, aiming to become a blockchain capable of supporting large-scale enterprise applications. One of its key achievements is the ability to handle massive transaction volumes with extremely low fees, making it suitable for businesses, governments, and consumers alike. The BSV network has consistently broken records, including the processing of over a million transactions daily and producing the largest-ever 4GB block. This focus on maintaining low transaction costs and high scalability while adhering to the original vision of Bitcoin has solidified BSV's place in the blockchain ecosystem.
Additionally, in 2024, BSV has deepened its commitment to real-world asset (RWA) tokenization. Through partnerships such as the one with Zand Bank in the UAE, BSV is enabling the on-chain tokenization of traditional financial assets like real estate and bonds under strict regulatory compliance frameworks. This development strengthens BSV’s role in bridging traditional finance and decentralized blockchain systems, opening new opportunities for the tokenization of large-scale assets.
Above are only for introduction, not intended as investment advice.
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Q&A about Bitcoin SV Tokenomics
Explore the tokenomics of Bitcoin SV (BSV) and review the project details below.
What is the allocation for Bitcoin SV (BSV)?
Bitcoin SV(BSV) is created through mining, and its allocation primarily comes from block rewards. Miners receive newly created BSV coins as rewards for validating transactions and adding them to the blockchain. These block rewards are distributed among miners based on their computational power (hashrate). There is no pre-mined allocation for BSV, and it follows the same issuance model as Bitcoin (BTC).
What is the supply schedule for Bitcoin SV (BSV)?
BSV's supply schedule is designed to mimic the issuance of Bitcoin (BTC). The initial block reward after the Bitcoin Cash fork was 50 BSV, but this reward decreases approximately every four years through a process called the "halving". The most recent halving event occurred in April 2020 when the block reward was reduced to 6.25 BSV. This halving process will continue approximately every four years until the maximum supply of 21 million BSV is reached.
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Bitcoin SV (BSV) is an independent public blockchain that emerged after the 2018 hard fork of the Bitcoin Cash (BCH) blockchain. Due to the inability to reach a consensus on how to best develop BCH and deploy updated code, the nChain development team supported by Craig Wright, who claims to be "Satoshi Nakamoto," and the gambling industry tycoon Calvin Ayre, failed in the hash power battle, and the BCH SV side relinquished the naming rights to BSV. The fork resulted in the original BCH chain and the BSV chain, with BSV being born.
BSV aims to provide a scalable and usable blockchain platform, offering efficient payments and distributed data applications for consumers, businesses, and government users. The goal of Bitcoin SV is to realize the original vision described in Satoshi Nakamoto's whitepaper, early Bitcoin client software, and known works by Satoshi Nakamoto. BSV aims to provide scalability and stability in line with the original description of Bitcoin as a peer-to-peer electronic cash system, while also offering a distributed data network that can support enterprise-grade advanced blockchain applications.
To achieve this, it removes artificial block size limits and re-enables script commands and other technical features that were disabled or restricted by protocol developers of the BTC blockchain in the past. In addition to providing advanced features such as tokens, smart contracts, computation, and other data use cases, this enables the network to process tens of thousands of transactions per second while maintaining extremely low fees for small-value payments.
The unique aspect of the BSV network lies in its ability to infinitely scale on-chain while remaining more true to the original design of Bitcoin than any other blockchain.In 2022, the BSV network set several world records Including regularly over millions of transactions per day, the largest block (+ 4GB), the largest NFT (1GB), and the lowest environmental impact record of any Proof of Work (POW) chain.
As of 2024, Bitcoin SV (BSV) continues to focus on its goal of scalability and stability, aiming to become a blockchain capable of supporting large-scale enterprise applications. One of its key achievements is the ability to handle massive transaction volumes with extremely low fees, making it suitable for businesses, governments, and consumers alike. The BSV network has consistently broken records, including the processing of over a million transactions daily and producing the largest-ever 4GB block. This focus on maintaining low transaction costs and high scalability while adhering to the original vision of Bitcoin has solidified BSV's place in the blockchain ecosystem.
Additionally, in 2024, BSV has deepened its commitment to real-world asset (RWA) tokenization. Through partnerships such as the one with Zand Bank in the UAE, BSV is enabling the on-chain tokenization of traditional financial assets like real estate and bonds under strict regulatory compliance frameworks. This development strengthens BSV’s role in bridging traditional finance and decentralized blockchain systems, opening new opportunities for the tokenization of large-scale assets.
Above are only for introduction, not intended as investment advice.