Bitcoin SV is a cryptocurrency formed after the Bitcoin Cash hard fork in 2018. Bitcoin SV stands for Bitcoin Satoshi Vision. It was forked to reflect the native philosophy of Bitcoin and create a blockchain which features stability, scalability, security and safe instant transactions. Craig Wright, Calvin Ayre and Jimmy Nguyen are some of the prominent figures who back the development of Bitcoin SV.
Bitcoin SV is similar to Bitcoin and Bitcoin Cash in many aspects. Bitcoin SV also uses the Proof-of-Work consensus algorithm and new BSV is issued as a reward for the miners. In 2020, as a part of the Genesis upgrade, Bitcoin SV team completely removed the limits on block size enabling the chain to process more transactions per second. Despite the harsh criticism regarding the claims for Satoshi Nakomoto’s identity, Bitcoin SV advanced well over the years both economically and technologically and has a strong community.