Bitcoin Cash SV (BSV)

Bitcoin copy with faster transaction times

#6

Marketcap Ranking

194.2375 (-0.55%) arrow_drop_down

Market Price (24h change)

3,579,092,324

Total Market Cap

2.9

2

info_outline What is BSV

4.5

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BSV Short Description

Bitcoin SV (BSV) started in November 2018 as a hard fork of Bitcoin Cash, which itself was a hard forked version of the original Bitcoin. BSV was one of two coins that emerged from the hard fork, with Bitcoin Cash ABC as the other coin created from the event.

Upon creation of Bitcoin SV, Bitcoin cash holders who had their private keys or kept their Bitcoins on a service that supported the split were able to receive equal amounts of Bitcoin SV and Bitcoin Cash ABC, resulting in further divergence in Bitcoin price dynamics. The Bitcoin SV team said that its vision is to restore the Bitcoin protocol to its original design, assuring stability with only a limited and well-known set of changes, including the restoration the Satoshi op_codes to enable businesses and development teams around the world to create the many solutions possible on the BSV blockchain, such as smart contracts, tokenisation, atomic swaps, and many more.

Bitcoin SV also enables massive scaling, which its team says will pave the way for the BSV blockchain to support significantly higher transaction volumes and more transaction fees for miners. This is important for miners to maintain profitability as the block reward will halve again in the year 2020 (reducing from 12 BSV to 6.25 BSV for each block), and halve again in later years.Bitcoin price..

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BSV Explanation Video

Bitcoin ABC Vs Bitcoin SV - Differences Explained (2019) | Barnyard FFIO

In this video we look at two competing forks of Bitcoin Cash, SV and ABC. We focus on the technical differences of the chains such as block limit, OP_RETURN opcodes and their futur ...

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Screenshot from Website

bitcoinsv.io
BSV Websitemore_vert

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Website Informationclose

Organization: Unknown
Name: Unknown
Country: Unknown
City: Unknown
Zipcode: Unknown
Address: Unknown
Mail: Unknown
Creation date: 2018-08-15
Expiration date: 2020-08-15
Nameserver: COBY.NS.CLOUDFLARE.COM

build BSV Product Analysis

4.6

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BSV Whitepaper

THERE IS NO BITCOIN SV WHITEPAPER - The Bitcoin SV website posted the original Bitcoin whitepaper instead.


The whitepaper of Bitcoin Cash SV is 9 Pages long.

The most influencial keywords are: Transact, Block, Nodes, Hashing, Hashed, Timestamped, Chain, Proof, Double, and Works.

file_downloadOpen Whitepaper
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BSV Competitors

  • 1.) Bitcoin

    Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.

  • 2.) Bitcoin Cash

    Bitcoin Cash is a cryptocurrency. It is a fork (a copy in a way) of Bitcoin (BTC). It was created in August 2017 as a result of a disagreement on bitcoin scalability problems. Influential miners, developers and investors not content with the Segregated Witness feature of Bitcoin (BTC) decided to increase bitcoin transaction capacity eight times by making the block size bigger.

  • 3.) DigiByte

    DigiByte (DGB) is a cryptocurrency on a public, rapidly growing and highly decentralized blockchain with a maximum supply of 21B by 2035. DigiBytes are indestructible, non-counterfeitable or hackable digital assets ideal for protecting objects of value (e.g. Currency, Information, property or important digital data). It is the first blockchain with SegWit, MultiAlgo mining, DigiShield and Odocrypt. Its blockchain has three layers (Application layer, Digital Asset/ Public Ledger Layer and Core Communication Protocol/ Global Network Layer).

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BSV Product Analysis

The exact founding date of Bitcoin Cash SV is unfortunately not that clear. Its source code was released publicly on github on August 2018 under the Other license.
Organization wise, Bitcoin Cash SVs Development is Centralized and is being developed under the lead of a non-public figure..

The consensus on which the Bitcoin Cash SV network is run is called Proof of Work, while the underlying algorithm is called SHA256.
In the current state of Bitcoin Cash SV currently is On-going development

group BSV Community Analysis

1.7

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BSV Communities & Events

There is no official BSV-subreddit yet

view_list Subreddit
person Subscribers
directions_run Active Users
create Daily Posts
speaker_notes Daily Comments
linkOpen Subreddit

There is no official Telegram Channel for BSV yet

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person Members
directions_run Online
linkOpen in Telegram

Official Twitter account for Bitcoin Cash SV

view_list @BitcoinSVNode Channel
person 8,251 Followers
02.04.2020
16:28
The Genesis Upgrade has successfully activated. More information: https://t.co/fTfncjMmiN https://t.co/6SoNxypEzY 45 favorite
01.28.2020
14:32
Version 1.0.1 of Bitcoin SV Node has been released. This is an optional upgrade. https://t.co/MkDBUSdNkC https://t.co/5nJgq6iRIQ 67 favorite
01.15.2020
23:21
Bitcoin SV Node version 1.0.0 also available in the docker repository. https://t.co/txV3g8Bwkm https://t.co/yKIp6bdNUl 40 favorite
01.15.2020
14:54
Bitcoin SV Node implementation Version 1.0.0 has been released. This version is required for the Genesis Upgrade. See: https://t.co/g8C8VAPVGy https://t.co/NGZu1M2MqW 269 favorite
01.10.2020
00:37
The Genesis Specification has been finalized. https://t.co/TQzWrH9pTV 52 favorite
01.08.2020
16:57
Beta 2 of the Bitcoin SV Node implementation for the #Genesis Upgrade has been released. #BSV #Bitcoin https://t.co/KEy5gtesfH https://t.co/Jf6fb2Uekm 49 favorite
12.20.2019
09:23
The Genesis Upgrade Specification has been published. https://t.co/qEsaNcw7T1 https://t.co/ut5WXKHo1S 244 favorite
12.06.2019
15:49
https://t.co/J9mhA8eyM6 17 favorite
12.06.2019
14:56
We've just released a beta version for the Genesis hard fork. This is release 1.0.0.beta1. For more information about the Genesis hard fork, see https://t.co/6sHeFJqYN2 https://t.co/Y987kc2eGg 234 favorite
03.30.2019
21:04
The original dream for Bitcoin thrives with massive scaling on Bitcoin SV. https://t.co/BuMzRAQQD0 61 favorite

There are no events for Bitcoin Cash SV in the next 3 Months

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BSV Google Trends


The Google Trends chart displays the search interest on google in Bitcoin Cash SV relative to its peak over the last year. A rising chart shows growing interest int he project.

code BSV Development Analysis

2.7

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BSV Github Analysis

Code Updates (Commits)


Every change to the codebase of Bitcoin Cash SV is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 391 Stars
remove_red_eye 92 Watchers
usb 196 Forks
sync_problem 50 Open Issues
border_color 0.13 % Comment Coverage
lock_open Other License

attach_money BSV Price Analysis

4.4

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BSV Price Prediction

$ 196.1083 (1.19%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 220.0817 (13.56%) arrow_drop_up

Predicted USD Market Price in 14d by Coinpaper

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Converter BSV - USD

Convert between BSV and USD with the live Bitcoin Cash SV prices, aggregated from all big exchanges that trade Bitcoin Cash SV.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle BSV Team Analysis

4.0

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BSV Team

BSV Team Members (0)

remove_red_eye BSV Product Review by Coinpaper

1.8

BSV Product description

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When the world of cryptocurrencies came into existence through the birth of Bitcoin, Satoshi Nakamoto was the visionary who laid down the mission of the technology in his whitepaper ‘’Bitcoin: A Peer-to-Peer Electronic Cash System”. As the technology evolved and many other cryptocurrencies made their way into the crypto-world, the technology deviated greatly from its main course. Bitcoin Blockchain has been broken down into smaller factions, each offering its own version of the Bitcoin. Bitcoin encountered its first hard fork on August 2017 and with it ‘Bitcoin Cash (BCH)’ rose to stage. Bitcoin Cash (BCH) was developed with the aim of solving the scalability issue of technology and creating a more efficient replacement. Note that Bitcoin Cash (BCH) did not(!) replace Bitcoin (BTC).
After some time, the Bitcoin Cash community felt that the technology had deviated from the Bitcoin Cash vision as defined in the whitepaper from the original Bitcoin (BTC). Once the Bitcoin Cash fork happened, Bitcoin SV (BSV) (SV stands for Satoshi Vision) and Bitcoin ABC (BCHABC) (ABC stands for Adjustable Blocksize Cap) were born (SFOX, 2018). According to the official spokesperson, Bitcoin SV is the restoration of the original technology. It aims to return to the original plan and vision of Satoshi by working for a completely decentralized network and using the cryptocurrency solely as a tool for payment and trade exchange (ChangeNow, 2018).

3.0

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Bitcoin SV is a relatively new entrant to the crypto market as it had its foundation recently set up. The team has not yet focused on developing any product of theirs that runs on the Bitcoin SV blockchain. The collective focus of the team, now, is at the restoration of the original protocols of Bitcoin and developing those protocols to address the issues of scalability and security.

1.2

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The main spokesperson for Bitcoin SV is Craig Wright while the technology is pursuing the main foundation principles of Satoshi Nakamoto. Not surprisingly, Craig Wright has claimed that he is, in fact, Satoshi Nakamoto, the original creator of Bitcoin. He did not stop there, he has also strengthened his position by winning US copyright registrations for Bitcoin’s original (Bambrough, 2019). The Bitcoin SV project is owned by the Bitcoin Foundation on behalf of the BSV community.
Note: If Craig Wright had developed Bitcoin, he should have access to the keys that store the earliest Bitcoins, which would’ve been mined on his computer. These coins never moved in Bitcoin's history.

1.5

How things stand for BSV

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Bitcoin SV’s inception was marked both by a highlight and a scandal for the technology. In August 2018, in trying to pursue the actualization of nChain and Coin Geek, Bitcoin Cash forked and two separate communities namely Bitcoin ABC and Bitcoin SV came in to being. Bitcoin SV’s leadership and the community, on the whole, were hostile in their dealings as they made repeated aggressive attempts to practically wipe out Bitcoin Cash’s supposedly deviated technology by taking all of its hashing power. The community was adamant to compel Bitcoin’s original community to accept the Satoshi Vision by force. This crypto-civil-war went on for around a week before both technologies decided that they had considerable representation in form of their community and they should focus on sustaining that (SFOX, 2018).
Another major highlight for Bitcoin SV came in May 2019, when the cryptocurrency surged more than 120 percent. This was partly due to the rather surprising development as the founder, Craig White, succeeded in ‘proving’ himself as the original Satoshi Nakamoto and registering the Bitcoin white paper’s copyrights to his name (Ouimet, 2019).

1.4

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Bitcoin SV’s technical developments are based on the original Bitcoin whitepaper. The code development included restoring the Blockchain network in its original form, bring back the old protocols and improving the transactional performance of the cryptocurrency. The main code of development has been done under the leadership of Daniel Connolly and Steve Shadders (Bitcoin SV, 2018).

2.0

BSV Pro/Contra

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Transactions per second After the upgrade of the Bitcoin Protocol on July 2019, the Bitcoin SV developers reported, that there was a massive increase in the processing speeds. Bitcoin SV can reportedly handle 1000+ transactions per second.
Transaction speed After the recent upgradation of the Bitcoin Protocol in July 2019, there was a massive increase in the processing speeds.
Transaction cost Contrary to the high transaction fees of the original Bitcoin, Bitcoin SV now costs less than one-fifth of a cent.
Decentralization Since Bitcoin SV aims to revive the original values of Bitcoin, decentralization is amongst their primary focuses.
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Security Relatively low. The coin is relatively new/unproven.
Adoption After Craig White claimed that he is Satoshi Nakamoto, many people were not impressed with the claim and labeled him a scam. While Bitcoin SV did surge following this news, there were many big exchanges that de-listed the cryptocurrency from their sites, including Kraken, Binance and Shapeshift.
Energy consumption There is no official data that reveals the energy consumption of the Bitcoin SV network. But since the technology is based on the original Bitcoin, there is a high possibility that it will be energy-intensive.
Product availability Although Bitcoin SV saw improvements in its latest upgrades, the protocol is still a work in progress and is not fully developed.
Exchange availability Bitcoin SV is not available on leading trade exchanges like Kraken, Binance, bittrex, etc. It is, however, still available on a number of trade exchanges including Poloniex and Huobi Global.
Privacy Transactions with this coin are pseudonymous.

remove_red_eye BSV Market Review by Coinpaper

2.5

BSV Foresight

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The market has a mixed opinion about Bitcoin SV. The technology will and probably may not survive, mainly because of the reputation of Bitcoin SV’s founder Craig Wright who is deemed as a scam by many.

1.3

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Bitcoin SV is a project in itself, started by the Bitcoin community, nChain, and CoinGeek. The project aims to restore the original values and core values of Bitcoin as envisioned by Satoshi Nakamoto. The end goal of the project is to develop the technology towards ‘Genesis’, which is the full restoration and implementation of the Bitcoin Protocol.

1.5

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The technology might not be as successful in the short-term since the development of the protocol is still underway, but it has shown potential for growth in the following years.

3.5

BSV Business Case

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Bitcoin SV claims that it is in fact, the original Bitcoin. So, simply put, the original Bitcoin is considered to be a substitute for this technology, because what this technology offers is basically a restored version of the original Bitcoin.

1.2

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Concerning the official website of Bitcoin SV, the cryptocurrency has made a number of valuable partnerships in the market. A number of cryptocurrency wallets like Atomic Wallets, BC Bitcoin, Bitaddress, etc. host Bitcoin SV (among other cryptocurrencies) while many exchanges, although not the widely used ones offer trading of Bitcoin SV. As the technology strengthens its holdings, a lot of people are becoming interested and new partnerships are being announced. Recently, DriveMarkets’ CEO, Kate Hiscox, revealed that they will be partnering with Bitcoin SV to launch out DRIVE Pay (Editor, 2019). Also, Bitcoin SV will be sponsoring the International Professional Pool Association this year, opening doors for many opportunities for the real-life application and implementation of the technology (Tonin, 2019).

3.2

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One of the biggest advantages Bitcoin SV has over its competitors is the fact that it is backed by the Bitcoin Association, the largest and the oldest community that promotes the Bitcoin technology. The community as a whole supports the original vision behind Bitcoin and is working towards bringing into fruition the vision of the original version of the Blockchain.

3.0

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The development team features many experts in Blockchain technology. The Lead Developer is Daniel Connolly, while Steve Shadders is serving as the Technical Director, overseeing every technical aspect of the improvement on Bitcoin SV. The team also has a pool of engineers who are skilled and are experts in C++ and Bitcoin protocol. Additional support and backup are also provided by nChain.

3.7

compare_arrows BSV Exchanges

BSV Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Bittrex BSV/BTC $ 193.9673 $ 181,370 check
# 2 Bittrex BSV/USD $ 193.6600 $ 158,222 check
# 3 Bitfinex BSV/USD $ 193.8200 $ 156,042 check
# 4 Bittrex BSV/USDT $ 193.5047 $ 92,158 check
# 5 Bitfinex BSV/BTC $ 193.8088 $ 86,776 check
# 6 Poloniex BSV/USDC $ 194.1851 $ 54,132 check
# 7 Poloniex BSV/USDT $ 193.5235 $ 53,028 check
# 8 Poloniex BSV/BTC $ 194.1225 $ 33,842 check
# 9 Bittrex BSV/ETH $ 194.3048 $ 1,994 check
# 10 Bequant BSV/USDT $ 194.0207 $ 11,803,610 clear

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