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What is Bitcoin SV (BSV) and how does it work?

by Financial Economy

Bitcoin SV is a Bitcoin (BTC) hard fork released by Craig Wright and Calvin Ayre. Bitcoin SV (BSV) is the abbreviation of Bitcoin Satoshi Vision. This crypto currency has left the Bitcoin network with a hard fork, leaving the Bitcoin Cash network with a hard fork, causing the chain to grow considerably. BSV (Bitcoin SV) has witnessed a very controversial hard fork process. Detailed information about BSV (Bitcoin SV) is in the rest of the article.

What is Bitcoin SV (BSV) and how does it work?

Bitcoin SV is one of the actors participating in the crypto currency market as a result of the fork in Bitcoin Cash. Founded by Coin Geek, one of the leading mining companies in Bitcoin Cash, Bitcoin SV has taken the Satoshi Vision as its mission and named after it. Information about Ethereum, you can browse here.

The first wick of the split between Bitcoin SV and the Bitcoin Cash community was sparked after block size discussions. While the Bitcoin SV team i.e. Craig Wright and several developers argued that the block size should be 132 MB, the Bitcoin Cash team namely Jihan Wu and Roger Ver insisted it stay 32 MB.

The fact that Jihan Wu was the manager of Bitmain at that time and Bitmain was among the largest Bitcoin mining companies made Bitcoin Cash the winner in the period known as “hash wars”. After this defeat, the Bitcoin SV team decided to continue on a different network with a hard fork.

How to mine Bitcoin SV?

The mining of Bitcoin SV, which emerged by splitting the Blockchain infrastructure of Bitcoin Cash into two, is also carried out with Blockchain technology. Bitcoin SV mining, just like Bitcoin and other altcoins, is carried out by the Coin Geek company.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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