Bitcoin SV

What is Bitcoin SV?

Bitcoin Satoshi’s Vision (BSV) is the fork that formed after a conflict between two factions in the Bitcoin Cash (BCH) community. Craig Steven Wright and Calvin Ayre released Bitcoin SV in November 2018. 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.

The Original Bitcoin

The developers of BSV believe that the first version of the Bitcoin protocol has all it needs to sustain a vibrant, scalable network. Disappointed with the numerous changes in BCH over the years, some people argued that it was undermining any efforts to scale the currency or the value proposition itself. 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.

Business-Oriented

With a solid-rock foundation, enterprises can build robust applications and ventures upon BSV and not worry about protocol changes that can render their products unusable. The team also strives to provide a regulation-friendly environment, as well as a professionalized approach to security. In particular, Bitcoin SV wants to deliver an unprecedented commitment to quality assurance through adopting practices from other industries.

Where to store BSV?

Bitcoin SV may be a great alternative to Bitcoin and Bitcoin Cash when it comes to both investment and everyday use. Choosing a good wallet for storing your cryptocurrencies is the best way to secure your digital assets. Magnum Wallet provides you with 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 different tokens.

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