What coin is bsv coin?

BSV coin is a digital currency, the full name is Bitcoin Cash SV, which is generated by the hard fork of Bitcoin Cash. Its main features include: block size upper limit of 2GB, block generation time every 10 minutes, and use of workload proof consensus. algorithm. Its goal is to become a practical digital currency consistent with Bitcoin's original vision, with uses including store of value, medium of exchange, and smart contracts. BSV has larger block sizes compared to other cryptocurrencies and adheres to the original Bitcoin’s consensus algorithm. Its creator claims to be Satoshi Nakamoto, the founder of Bitcoin, but this claim is disputed.

What is BSV coin?

BSV coin is a digital currency, the full name is Bitcoin SV (Bitcoin SV).

Detailed description:

BSV coin is generated by the hard fork of Bitcoin Cash (BCH) and was born in November 2018. Its main creator is Craig Wright, who claims to be Satoshi Nakamoto, the creator of Bitcoin.

Technical features:

• Block size: BSV’s block size is capped at 2GB, which is much larger than that of Bitcoin and Bitcoin Cash 1MB and 32MB.
• Block Time: BSV’s block time is every 10 minutes, the same as Bitcoin and Bitcoin Cash.
• Consensus Algorithm: BSV uses the Proof-of-Work (PoW) consensus algorithm used in the original Bitcoin.

Goals and Purpose:

The goal of BSV coin is to become a practical digital currency in line with the original vision of Bitcoin. Its primary uses include:

• Store of Value: As a form of digital gold, the BSV coin is designed to store value over the long term.
• Medium of Exchange: BSV coins can be used to purchase goods and services.
• Smart Contracts: BSV coin supports the development of smart contracts using a scripting language called sCrypt.

Differences from other cryptocurrencies:

• Block size: BSV’s upper block size limit is much larger than other cryptocurrencies , enabling it to process more transactions.
• Consensus: BSV adheres to the original Bitcoin consensus algorithm, while other cryptocurrencies may have adopted different algorithms.
• Founder: The creator of BSV claims to be Satoshi Nakamoto, the creator of Bitcoin, a claim that is controversial.

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