When was the BSV coin issued? Learn about the origin of BSV coin in one article

BSV coin was forked from Bitcoin Cash on November 15, 2018, and was created by Craig Wright, who calls himself Satoshi Nakamoto. The reason for the fork was that Wright believed that Bitcoin should focus on processing transactions rather than storing value, while other developers prioritized security and scalability. Features of BSV coins include: 1) larger block size (2GB); 2) higher transaction speed; 3) does not contain the SegWit protocol; 4) is not compatible with Bitcoin.

BSV coin issuance time:

November 15, 2018

Origin of BSV coin:

BSV coin (Bitcoin Satoshi's Vision) is a fork of Bitcoin (BTC) Coin, the blockchain technology originated from Bitcoin. Its creator, Craig Wright, claims to be Satoshi Nakamoto, the founder of Bitcoin.

On August 1, 2018, Bitcoin hard forked, resulting in two new cryptocurrencies: Bitcoin Cash (BCH) and Bitcoin Gold (BTG). The BSV coin was forked from Bitcoin Cash on November 15, 2018.

Reason for the fork:

The fork of BSV coin is mainly due to differences in the future development direction of Bitcoin. Wright believes that Bitcoin should focus on processing transactions rather than being a store of value. He believes that blocks need to be larger to accommodate more transactions. However, other Bitcoin developers believe that the focus should be on security and scalability rather than increasing block sizes.

Features of BSV coin:

• Larger block size: The block size of BSV coin is 2GB, which is much larger than Bitcoin (1MB) and Bitcoin Cash (32MB). This allows more transactions to be processed.
• High Transaction Speed: Due to the larger block size, BSV coin can handle more transactions than Bitcoin.
• No SegWit: BSV coin does not contain the Segregated Witness (SegWit) protocol implemented in Bitcoin. SegWit is a technology that improves Bitcoin’s scalability, but Wright believes it is unsafe.
• Not compatible with Bitcoin: BSV coin is an independent blockchain and is not compatible with Bitcoin. This means that BSV coins cannot be spent on the Bitcoin network, and Bitcoin cannot be spent on the BSV coin network.

BSV Price Trend Analysis

Current: $35.46

Overview

BSV price has fallen sharply by 17.26% in the past 24 hours.

Price Moving Factors

Causes for BSV price declines may include:

• Wide-spread selling pressure across the cryptocurrency market
• Uncertainty over cryptocurrency regulation
• BSV-specific technical issues

Future Price Trends

BSV The uncertainty of future price trends remains high. However, some market analysts believe that BSV price could rebound if the overall sentiment in the cryptocurrency market improves.

Investment Action

• Short-term holders: Monitor price action closely and take profits if there is a clear rebound.
• Long-term investors: Hold and wait for market sentiment to improve before considering adding to the position.

Short-term trend forecast

The short-term trend of BSV is expected to be volatile, but it is likely to trade within a certain range.

Indicator

• Price: 35.46 USD
• 24 hour trading volume: 39646973.73 USD
• Circulation volume: 19738325 BSV
• Circulation market capitalization: 700015250.21 USD

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