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Bitcoin SV is a cryptocurrency that was created in 2018 as a hard fork of the Bitcoin Cash blockchain. It was designed to address some of the scalability and stability issues that had been identified in the original Bitcoin protocol, and to provide a platform for large-scale enterprise applications.
Bitcoin SV (short for “Satoshi Vision”) is a cryptocurrency that was created in November 2018 as a hard fork of the Bitcoin Cash blockchain. It is based on the original Bitcoin protocol and is designed to scale to handle high volumes of transactions while
maintaining a stable and secure network.
The main goal of Bitcoin SV is to restore the original vision of Bitcoin as a peer-to-peer electronic cash system, as outlined in the Bitcoin whitepaper published by Satoshi Nakamoto in 2008. It aims to achieve this by maintaining a larger block size limit (currently set at 128 MB) than both Bitcoin and Bitcoin Cash, allowing for more transactions to be processed per block and increasing the network’s capacity.
Bitcoin SV also incorporates a number of other features, including the ability to support smart contracts and tokenization. It is intended to provide a platform for large-scale enterprise
applications, as well as for micropayments and other small
transactions.
Overall, Bitcoin SV is an attempt to build a stable, scalable, and secure cryptocurrency that can be used as a reliable medium of exchange and store of value, as well as for other applications such as data management and digital asset creation.