Bitcoin SV

Bitcoin SV (BSV) is a cryptocurrency that forked from Bitcoin Cash in 2018. The project aims to restore the original Bitcoin protocol as described in Satoshi Nakamoto's whitepaper, prioritizing scalability and stable network rules. BSV is mineable, using a proof-of-work mechanism, and its token ticker is BSV. It is designed to support a high volume of on-chain transactions.

Bitcoin SV uses a proof-of-work consensus mechanism with the SHA-256 hashing algorithm, similar to Bitcoin. It processes transactions on a public blockchain, and miners validate and add blocks. A key feature is its ability to handle large block sizes, which allows more transactions per block and aims to reduce congestion and fees. This technical approach distinguishes BSV from other Bitcoin forks.

The BSV token serves as a medium of exchange on the Bitcoin SV network. Users can send BSV to pay for goods and services, and it is also used to pay transaction fees. Additionally, the network's capacity supports data storage and smart contract functionality, with BSV as the native currency for these operations. Its role is to facilitate a peer-to-peer electronic cash system.

Bitcoin SV differs from Bitcoin and Bitcoin Cash primarily through its block size strategy. While Bitcoin has a 1 MB block limit and Bitcoin Cash has increased blocks, Bitcoin SV advocates for much larger, even unlimited, block sizes to enable higher transaction throughput and scalability. The project also focuses on restoring Satoshi's original scripting capabilities, aiming for on-chain expansion and enterprise use cases. BSV is the native token.

Bitcoin SV is currently priced at $15.58, down 0.94% in the last 24 hours. It is ranked #97 by market capitalization. Over the past 7 days, BSV is down 5.85%.

Bitcoin SV has a market capitalization of $312.79M. The 24-hour trading volume is $10.97M, reflecting the total value of BSV traded across all exchanges in the last day.

There are currently 20.08M BSV in circulation. The total supply is 20.08M BSV.