About Bitcoin SV
What Is Bitcoin SV?
Bitcoin SV (Satoshi’s Vision) stems from a hard fork that split Bitcoin Cash into two different digital currencies on Nov. 15, 2018. The hard fork resulted in a hash war that determined how the chains would be split, resulting in Bitcoin SV and Bitcoin ABC. Bitcoin ABC became the dominant chain and took over the BCH ticker, while Bitcoin SV has its own ticker. According to their website, the Bitcoin SV project is primarily backed by CoinGeek Mining with development work by nChain.
Bitcoin SV claims a strict adherence to Satoshi Nakamoto’s vision for the original Bitcoin, with the original Bitcoin white paper serving as a core document for the project.
What Is the Difference Between Bitcoin Cash and Bitcoin SV?
Bitcoin Cash and Bitcoin SV split in November 2018 over differences in opinion about proposed technical updates to Bitcoin Cash protocol. Craig Wright and Calvin Ayre disagreed with two updates in particular, Canonical Transaction Ordering (CTOR) and OP_CHECKDATASIG, which would require transactions in blocks to have a specific order and bring smart-contract functionality to Bitcoin Cash, respectively. The opposition to the updates forked the chain in November 2018, raising the block size limit to 128MB.
What Is a Bitcoin SV Halving?
A Bitcoin SV halving is when mining rewards per block will be reduced by 50%. The first Bitcoin SV halving occurred on April 10, 2020, when the block rewards per block mined were reduced from 12.5 to 6.25 Bitcoin SV.
Bitcoin SV, Bitcoin Cash and Bitcoin all have the same 21 million hard cap put forward by Satoshi Nakamoto in his white paper.
Where Can You Store Bitcoin SV?
Bitcoin SV can be stored on any wallet or crypto exchange that has support for the currency. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab. Be sure to do your own research before picking a manner of storing your Bitcoin SV.