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What Is Bitcoin SV (BSV): Is It The Original Bitcoin Vision?

Intermediate
Altcoins
Blockchain
Explainers
Jan 19, 2024
12 min read
0

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Detailed Summary

Bitcoin SV (symbol: BSV) is a cryptocurrency that was created to restore the original Bitcoin protocol as envisioned by Satoshi Nakamoto, its pseudonymous creator. Bitcoin SV aims to fulfill some of the key features mentioned in Nakamoto’s original white paper that are nevertheless absent in Bitcoin.

Besides the original Bitcoin, Bitcoin Cash (BCH) is also related to Bitcoin SV. Just what are the differences between these two and Bitcoin SV? We’ll explain it all below. Comparing Bitcoin SV with Bitcoin and Bitcoin Cash will give you a better understanding of Bitcoin SV, and help you decide whether or not to invest in it. 

Key Takeaways:

  • Created after a hard fork from Bitcoin Cash, Bitcoin SV (BSV) has a much larger block size than either Bitcoin (BTC) or Bitcoin Cash (BCH).

  • Its larger block size makes it more energy efficient, enhances its ability to scale and enables it to process transactions swiftly at a low cost. 

  • BSV can be bought as a USDT Perpetual contract on Bybit.

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