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The journey to massive on-chain scaling:
A timeline of Bitcoin SV’s progress.
Bitcoin paper was released
The vision for Bitcoin, a peer-to-peer electronic cash system, was outlined
by its inventor Dr. Craig S. Wright under the pseudonym Satoshi Nakamoto.
Four months later, the first open-source Bitcoin client software was released.
Satoshi gets concerned
and takes a sabbatical
Dr. Wright was concerned about Bitcoin’s misuse by anonymous developers and criminals, as well as its association with projects like WikiLeaks. He removed himself from the project to work on more complex ideas like the Metanet.
BCH remains as Bitcoin,
BTC forks away
The introduction of Segregated Witness (SegWit) to Bitcoin broke the
original protocol and enabled the introduction of off-chain, opaque
exchange solutions like the Lightning Network. This rendered BTC as
non-Bitcoin compliant and ineffective.
BSV remains as Bitcoin, BCH forks away
Bitcoin SV (BSV) became the new ticker symbol for the original Bitcoin
Protocol when BCH introduced non-compliant features and anonymity that hindered government and financial regulation. This day is known as
Bitcoin’s Independence Day.
Genesis Upgrade
The Genesis upgrade restored the original Bitcoin Protocol as closely as
possible to Satoshi’s design, bringing back unbounded scaling and the
original Bitcoin script language to make it easier for developers to build
on-chain applications.
Bitcoin sets numerous world records
BSV has set numerous world records on the original protocol, including
regularly surpassing 50,000 transactions per second, having the largest
blocks (+2GB), the largest NFT (1GB), and the lowest environmental impact
of any proof-of-work (POW) chain.
This shows how Bitcoin SV has been developed
and improved upon, with a focus on restoring the
original Bitcoin Protocol to create stability for
developers and enterprises to build upon, while
also setting new world records and maintaining
regulatory compliance.