Total Marketcap: $ 111,111,111
Change 24h: 22,222,222,222
Volume 24h: 3,333,333
Bitcoin dominance: 44 %
Crypto Info, Price, Review and Analysis
Bitcoin SV - BSV logo high resolution

Bitcoin SV (BSV)

Bitcoin copy with faster transaction times

Bitcoin SV Price 1 Year
$ 83.43503
-56.79 %
Market Cap: $ 1 M

5 Years

1 Year

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Bitcoin SV Explained

Introduction to Bitcoin SV

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What problem does Bitcoin SV solve?

Name: Bitcoin SV

Symbol: BSV

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).

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

What is Bitcoin SV

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What does the cryptocurrency Bitcoin SV actually do?

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.

Who is behind Bitcoin SV

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What team is working to make Bitcoin SV successful?

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.

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.

Bitcoin SV Development

Bitcoin SV Code Progress Analysis

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How did much the Bitcoin SV developers work on their coin over the last year?

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).

Bitcoin SV Community

Bitcoin SV Public Interest

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How many people did search on Google for Bitcoin SV indicates how many new people first heard from Bitcoin SV

Search Engine:

Region: Worldwide

Searchterm: Bitcoin SV

Peak Popularity: 10. May 2021

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.

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.

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.

Google Trends is a tool that shows how many people search for a specific search keyword worldwide compared to its peak. The more people search for Bitcoin SV on google, the higher the Google Trends curve rises. The Google Trends search data is based on the search keyword Bitcoin SV Bitcoin SV had its peak interrest 1 ago. At that time, more people searched for Bitcoin SV than anytime this year. The interrest of newcomers for Bitcoin SV seems to be falling, which is horrible!

Bitcoin SV Sentiment Analysis

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How positive/negative are people on different crypto-related subreddits talking about Bitcoin SV

Based on:

Positive/Negative Posts Ratio: 95:1

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).

Sentiment Analysis uses Machine Learning to analyze whether a post on reddit is written with joy or anger. The more excited people are about a project, the more positive posts there are on reddit. If a project behaves scammy, negative posts dominate. A good indicator is the positive-to-negative post ratio. For every 95 positive post about Bitcoin SV, there are 1 negative posts, which is a great ratio. A recent post mentioning Bitcoin SV with a lot of positive feedback was posted in r/CryptoCurrency by u/Joe-M-4: $1k invested into the Top 10 Cryptos on January 1st, 2020 Up +795% (TWO YEAR REPORT)

Bitcoin SV Enthusiasts Analysis

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How did the community of enthusiasts that follow Bitcoin SV closely develop over the last year?

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.

Bitcoin SV Price Analysis

Bitcoin SV Price Overview

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Key price metrics such as All-Time-High (ATH) and Market-Cap of Bitcoin SV

Rank: 57

Price: $ 83.43503

Volume (24h): $ 1 M

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).

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.

Bitcoin SV had its all-time-high (ATH) at 16. April 2021 at a price of $ 495.9374. Today, Bitcoin SV is traded for $ 83.43503, which is a -83.18 % drop from the previous ATH. If you had bought Bitcoin SV 1 year ago, you would have made a loss of 56.79 %. Going even more back, if you had bought Bitcoin SV 5 Years ago (or at the first possible chance), you would have made a gain of 39.22 %.