Price (USD)$ 62.48
Circulating SupplyBSV 19.13895M
Volume (24h)$ 24.48805M
Market Cap$ 1.1957B
Low/High 24h$ 60.45 - $ 62.97
Change (24h)$ 2.03
Bitcoin SV (BSV) is a cryptocurrency based on the Bitcoin blockchain. It originated as a hard fork of Bitcoin Cash, and SV stands for Satoshi Vision. The primary goal of BSV crypto is to preserve the essence of classic bitcoin with increased scalability. BSV is positioned by its creators as the "original" of Bitcoin (BTC).
BSV coin price today is 62.48 USD.
The hard fork that gave rise to the BSV coin happened on November 15, 2018. Bitcoin SV separated from Bitcoin Cash BCH on block #556767, as a result of a disagreement between developers. Roger Wehr, the head of BCH, was going to focus on the quality and new technologies, namely dApps, and an emphasis on transfers between blockchains without exchanges.
Craig Wright, the head of Bitcoin SV, in turn, sought to retain everything that the original Bitcoin white paper offered. The only problems that Wright intended to solve were the scalability of the network, the speed of transactions, and the increase of the block to 128 MB.
The developers of Bitcoin SV see the currency solely as a means of payment. To achieve this goal, they have highlighted several key components:
To attract more people to the community, BSV founders offer developers to join the Bitcoin SV Academy to upscale their knowledge in Bitcoin Theory, Bitcoin Development, and Bitcoin Infrastructure
Bitcoin SV is based on SHA256, a software algorithm that supports PoW-mining. Users can mine the coin using ASIC machines. You can join a mining pool for cheaper and faster mining. After that, users can store their tokens on a suitable Bitcoin SV wallet, like Coinomi, Edge, or Exodus.
On February 4, 2020, a Bitcoin SV hard fork was completed. The protocol got lots of essential changes:
This cryptocurrency has already attracted thousands of people and over 350 companies, and the fact that there are over 60 projects under development on BitcoinSV proves that. However, the BSV team never stops improving its services.
In November 2021, developers upgraded their Node software to v1.0.10 and released mAPI v1.4.0. They improved the PTV scheduler, added new ZMQ topics, and modified processing User-Agent strings.
With such amazing Bitcoin SV news, BSV coin price increases. According to WalletInvestor, Bitcoin SV price will be over $270 in January 2025. The Coin Price Forecast Center has a similar prediction, believing a BSV price will reach $219 at the end of 2025.
All in all, Bitcoin SV is one of the most controversial coins, but it has a loyal community from the beginning. Improvements implemented by developers increase the demand for the cryptocurrency and keep the exchange rate moving in a positive direction. The Genesis hard fork has increased the popularity of BSV and increased the number of its holders.
The safest way to exchange BSV coin is to use StealthEX, a non-custodial platform for quick transactions. Just select a suitable coin from over 400 options, provide some general data, and wait for several minutes to complete your exchange.
Just go to StealthEX exchange and follow these easy steps:
You are more than welcome to visit the StealthEX exchange and see how fast and convenient it is.
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.