Sunday, December 26, 2021

Bitcoin Satoshi Vision – Going Back to the Roots

What is Bitcoin SV?

Bitcoin Satoshi Vision (BSV) is the fork that formed after a conflict between two factions in the Bitcoin Cash (BCH) community. As a rival to BCH, it aims to fulfill Satoshi Nakamoto’s original vision of Bitcoin’s whitepaper by maintaining a stable network, increasing capacity, and instilling confidence among companies that utilize the BSV blockchain. Craig Steven Wright and Calvin Ayre released Bitcoin SV in November 2018.

What is bsv

The Original Bitcoin

‘Developers of BSV believe that the first version of the Bitcoin protocol already could be scalable and effective. Disappointed with the numerous changes in BCH over the years, some people argued that it undermined any efforts to scale the cryptocurrency or its value proposition. Bitcoin SV follows the idea that on-chain scaling is enough to sustain the system in the foreseeable future, and they have already increased the block size from 32MB to 128MB.

What is bsv


What is bsv

With a solid-rock foundation, enterprises can build ventures and applications upon BSV and not worry about protocol changes that can render their products unusable. The team also strives to provide a regulation-friendly environment and a professionalized approach to security. In particular, Bitcoin SV wants to deliver an unwavering commitment to quality assurance by adopting practices from other industries, which has never been done before.

Where to store BSV?

Choosing a good wallet for storing cryptocurrencies is the best way to secure digital assets. Magnum Wallet provides a user-friendly interface to buy, sell, send and receive your BSV. The features include an instant built-in exchange with low fees and support of over 700 coins and tokens. Besides, if you had funds in Bitcoin or Bitcoin Cash when the BSV fork occurred, you can safely claim the airdrop in Magnum with just one click.

Leave a Comment