If you are relatively new to the world of cryptocurrencies, it may be useful to know that Bitcoin Cash (BCH) was created as a hard fork from Bitcoin (BTC).

Bitcoin Cash SV, or simply called it Bitcoin SV, is a cryptocurrency produced in 2018. It is the outcome of a software update to the Bitcoin Cash (BCH) protocol that entails a hard fork, which is also made by Bitcoin Cash ABC.

What is Bitcoin Satoshi Vision?

BSV is a cryptocurrency that develops after the fork ended from the BCH network. SV developers led by controversial billionaire and crypto developer Craig Wright claim that Bitcoin SV is built to realize Satoshi’s Vision. The team ascertain that it would restore the unique topographies of the Bitcoin protocol on the BSV blockchain.

Technically, it is a completely new implementation of the BCH code. However, the SV team has clearly stated that it does not intend to create a new variant of Bitcoin or Token. Nor do they ask the exchanges to list a new BSV or BSV symbol. Instead, the team revealed that Bitcoin SV offers miners another choice for consensus rules for Bitcoin Cash.

There are many other implementations of the Bitcoin Cash Protocol. The Bitcoin SV team believes that their new implementation would be favorable with the other six BCH implementations. The Bitcoin White Paper, Satoshi revealed that it is up to the miners to vote with the hash power to decide the rules for the network.

Here are some of the benefits of Bitcoin SV in your cryptocurrency portfolio

Scalability

Bitcoin SV developers believe that BCH should be able to process the volume at the required scale. The SV team has developed a roadmap focused mainly on capacity building. This could be achieved by larger sizes of implicit or mineral configurable blocks and performance improvements.

Stability

Bitcoin SV developers claimed that they built their token as stable as possible, unlike other implementations. The developers said that large companies and enterprises need stability before they can adopt a technology platform.

By activating massive scaling, BSV would allow the BCH blockchain to support significantly higher volumes of transactions and more transaction fees for miners. This is important for miners to maintain profitability, as the reward per block will be again in the middle of 2020 (reduction from 12 BCH to 6.25 BCH for each block), and half of the following years. Bulk scaling is also important to persuade businesses to use BCH for their blockchain applications — which will require large blocks and high throughput.

Security

The team reveals that the BSV project on rigorous quality assurance for mining node software to ensure maximum security. This further explains the high-level security achievements by implementing a rigid set of fully traceable test phases. The SV team is proud that their level of security is comparable only to the aerospace, medical and national security industry.

Safety

The SV team believes that instant transactions are the key to unlocking profits and the larger trading market for bitcoin cash. Bitcoin SV claims that it offers security enhancements that can strengthen Bitcoin’s future or cash security. Furthermore, the SV team has developed a Roadmap that has a secure and priority instant transaction.

The success of BSV will depend significantly on its adaptability for both miners and users. Price fluctuation is the most problematic factor that prevents businesses from adopting bitcoin.

How to get BSV?

It’s been a few weeks since the BCH fork and blockchain broke apart, which saw the birth of the BSV token. Due to the history of the split and identical chain, everyone who owned the BCH before the division now owns the same amount of BSV. Some choose never to bother dividing coins, while others choose to split their coins and sell one or the others immediately — or, alternatively, hold both:

To apply for BSV, if you hold private keys, you will need to configure the official BSV wallet.

You get a purchase bonus of 100 BSV and mine directly from your smartphone or laptop with the Bitcoin SV miner app .

If you have had it on an exchange or third party wallet, you must follow their instructions.

With exchanges, you will do nothing and have to wait.

With third-party wallets, you must carefully follow the instructions on their official website.

Bitcoin SV wallet

Here are some wallets that can draw your attention: Guarda, HandCash, and CentBee.

How to use Bitcoin SV?

The new token has just appeared on the crypto market and is already in the top ten currencies. He is still a beginner, however, there are some exchanges and portfolios that support the new currency. As well as boxes or services such as Bitcoin ATM, CashPay, Crypto Traders Pro, Premier Medical, Inc., and others.

The future

As you can see, the Bitcoin SV team has a strong focus on what they want to achieve in the future. Specifically, with the projection or hosting of as many as 5 billion users per day due to its scalability, Bitcoin SV hopes to one day be a big dog, ending BCH’s reign in this process.

The BSV roadmap continues to highlight the four key areas that the team will explore and establishes a clear plan for Bitcoin SV development by the 2nd or 2019 quarters.

Bitcoin SV as an independent blockchain network is currently valued at $1.7 billion. But his team has to step easily and keep his information in check to stay on the path of professionalism and growth.

Conclusion

The success of BSV will depend significantly on its adaptability to both miners and users. As the SV team argued, it is time for Bitcoin to receive mainstream acceptance, however, there are still major barriers in its path. Price fluctuation is the most problematic factor preventing companies from adopting bitcoin.

Bitcoins users will find this digital currency useful because it can facilitate financial transactions at nominal fees. Whether you are a regular user or a new user and are thinking of investing in Bitcoins, you can still buy or sell Bitcoin cash from recognized exchanges.