$BSV $BSV

Bitcoin Satoshi Vision (BSV) is a cryptocurrency that emerged from a hard fork of Bitcoin Cash in November 2018. Its creation was the result of a hash war, which gave birth to two new blockchains; Bitcoin SV and Bitcoin ABC. While Bitcoin ABC was focused on maintaining the existing structure of Bitcoin Cash, Bitcoin SV strived to revert back to the original concept outlined by Bitcoin's creator, Satoshi Nakamoto. This is reflected in its name - Satoshi Vision, or SV for short.

What is Bitcoin SV?

Bitcoin SV is a version of Bitcoin that aims to fulfill the original promise of Bitcoin. It believes in maintaining the vision set out by Satoshi Nakamoto’s original white paper in 2008, hence its name, "Satoshi Vision". BSV's mission is to enable fast, cheap, and scalable transactions by massively scaling the blockchain, and to place the power back into the hands of the users and businesses.

Technical Aspects of Bitcoin SV

Some of the key technical aspects of the Bitcoin SV project include larger block sizes and the restoration of certain opcodes in the Bitcoin scripting language. Bitcoin SV supports a block size of 128MB, significantly larger than Bitcoin Cash's 32MB, enabling more transactions to be processed within each block and hence contributing to scalability. Furthermore, it has restored several opcodes in the Bitcoin scripting language, which were originally deactivated. These changes aim to enhance functionality and increase transaction efficiency.

Conclusion

In conclusion, Bitcoin SV is an interesting project that aims to restore the original vision of Bitcoin as described by Satoshi Nakamoto. With larger block sizes and the restoration of key technical components, it is striving to enable faster, cheaper, and more scalable transactions. This mission aligns with the fundamental goal of cryptocurrency, which is to provide a decentralized and efficient digital currency system.