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Learn more about Bitcoin SV
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Bitcoin SV (BSV) price has declined today.
Bitcoin SV (BSV) is priced at $57.04 today, with a 24-hour trading volume of $53,629,701.58. It is reflecting a 3.07% decline over the last 24 hours and a 15.79% decline over the past 7 days. With a circulating supply of 19.70 Million BSV, Bitcoin SV’s current market cap is at $1,123,395,849.90.
Exploring Bitcoin SV (BSV)
Bitcoin SV (BSV) split from Bitcoin Cash (BCH) in 2018, which itself split from the original Bitcoin (BTC) in 2017.
BSV aims to follow the original Bitcoin concept by Satoshi Nakamoto, becoming a user-friendly electronic cash system with extra business features.
BSV allows many transactions at once, reintroduces some original Bitcoin technical features, manages numerous transactions with minimal fees, and supports tokens, smart contracts, and computation for various applications.
The Founders of Bitcoin SV (BSV)
nChain, a tech company, developed the base software for BSV and regularly tweaked it to mirror the original Bitcoin more closely. Moreover, the Bitcoin SV Infrastructure Team at nChain works to enhance this software and develop tools for BSV’s network.
Craig Wright, the Chief Scientist at nChain, not only supports BSV loudly but also claims to be Satoshi Nakamoto, the elusive creator of Bitcoin. Similarly, Calvin Ayre, an entrepreneur, actively backs BSV and pours investment into projects utilizing its technology.
After BSV parted ways with BCH, the Bitcoin Association was established in Switzerland. Its goal is to boost BSV’s growth and usage worldwide.
Features of Bitcoin SV (BSV)
BSV top features:
- BSV stands out by closely following the original Bitcoin blueprint and prioritizing usability for payments and data applications, while people often view BTC as an investment.
- BSV handles lots of data and transactions in each block without using extra technology layers. It has processed extremely large blocks and aims to increase its capacity further.
- The BSV team demonstrated their network can handle up to 100,000 transactions per second, competing with traditional platforms like VISA.
The Circulation of Bitcoin SV (BSV)
Following the original Bitcoin plan, BSV will only ever have 19.5 million coins in circulation. Miners who validate transactions and secure the network earn these coins as rewards.
Miners earn fewer coins for their work over time, slowly decreasing the production of new coins as we approach the 21 million limit.
Securing the Bitcoin SV Network
BSV uses a security system called proof-of-work. Computers, or miners, solve problems to validate transactions and add them to the blockchain, earning rewards.
Additional blocks from other network participants solidify these transactions, making changes very difficult.
Where to Buy Bitcoin SV (BSV)
You can buy BSV on various major cryptocurrency exchanges like:
More details
OKX crypto exchange supports over 300 digital assets and over 80 fiat currencies. It is accessible in over 100 countries and territories across the world. It has one of the highest trading volumes in the crypto world and is a fantastic mobile app that offers all services on the go. The trading fees are very low. Its major drawback is its unavailability in certain countries.
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Supports numerous tokens.
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Great Mobile app.
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Extensive educational resources.
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Provision of multi-lingual services.
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Geographical limitation.
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KYC limitations.
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Kucoin stands out among other crypto exchanges due to its impressive span of 1100 markets and 600 digital currencies. This, coupled with a user-friendly interface and secure investment environment, has made Kucoin an increasingly popular choice. However, US customers can not use the trading platform.
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Ability to earn interest on crypto.
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Low fees.
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Good customer service.
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Volume discounts on fees.
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Features like margin and futures trading.
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Not licensed in the U.S.
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Lack of investment programs.
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Low trading volume.
Coinweb’s Crypto Wiki can provide educational resources for those new to cryptocurrencies and interested in purchasing Bitcoin SV.
BSV is a cryptocurrency that split from Bitcoin Cash in 2018, aiming to be a user-friendly electronic cash system and including extra business features like supporting tokens and smart contracts.
nChain developed BSV's software, and its Chief Scientist, Craig Wright, is a big supporter and claims to be Satoshi Nakamoto. Calvin Ayre, an entrepreneur, also actively supports and invests in BSV.
BSV follows the original Bitcoin blueprint, focusing on being usable for payments and data applications. It can handle a lot of transactions per second (up to 100,000) and aims to increase its data capacity further.
BSV will have a total of 19.5 million coins in circulation, with miners earning them as rewards for validating transactions and securing the network. The reward miners receive will slowly decrease over time.
You can buy BSV on major cryptocurrency exchanges like OKX, KuCoin, Huobi, and Bitfinex.
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