Electronic money is gaining more and more popularity today and is slowly replacing the usual currency. Of course, this does not happen everywhere, but there are a number of countries that have already adopted crypto as a full-fledged means of payment.

Relatively recently, such a crypt as Bitcoin SV has appeared. Despite the fact that the currency is very young, there is already a lot of hype around it. The fact is that it owes its appearance to a hard fork. That is why in the first weeks after its enchanting appearance, the currency was in great demand and literally exploded stock ratings. A different trend is observed today. There is a gradual decline in interest in this crypt, and as a result, its rate also decreases. But this is quite normal and expected after a hard fork. What is this cryptocurrency, why is it needed and what future is it foreseen? Is it worth making deposits or is it still better not to rush into investments that are associated with Bitcoin SV? Lets figure it out together!

About the Bitcoin SV project

After the appearance of this crypt on the market, conflicting rumors began to circulate about it. One thing was clear: everyone knew how the cryptocurrency appeared, but few understood what would happen next with it and what to expect. Simply put, Bitcoin CB is nothing more than a form of BCH. It has no special innovations, it is not intended for any specific purpose and has no particular focus. The main purpose of the coin, like other forked currencies, is to preserve the essence of Bitcoin, while ensuring the large scale of the coin. By the way, many experts in this field claim that SV is Satoshi Vision, translated as "Satoshis vision."

Despite the release of CB, the developers are still loyal to the ideas of Bitcoin Cash. The main priority for them is to keep low transaction fees, ensure complete security, create the best possible conditions for everyone who makes a living by mining, as well as investing. In general, the main idea is to scale the project as much as possible. And Bitcoin SV is nothing more than the main tool for achieving these goals.

How is Bitcoin SV created?

As noted, the history of Bitcoin SV is quite interesting. The fact is that the fall of 2018 was marked by an important event - a large-scale hard fork. It resulted in the emergence of two cryptocurrencies that differed in fundamentally different ideologies. Speech, as you might have guessed, about BCHABC (Bitcoin Cash ABC) and Bitcoin SV. The first is the brainchild of Roger Vera. The main idea that guided him when creating the crypt was the development and rapid implementation of decentralized applications and gateways that would allow transactions between radically different blockchains. This crypt is rightfully considered the legal successor of Bitcoin Cash. From a technical point of view, BCH tokens are nothing more than BCHABC.

The second crypt is Bitcoin SV. Its leader is Craig Wright. In his opinion, the problem of scalability deserves special attention. That is why he threw all his efforts into increasing the size of the block. In addition, Craig dared to make a bold statement that only his bitcoin is real, and the name of the coin is very consistent with this - Satoshi Vision.

We repeat once again that from a technical point of view, Bitcoin SV is the same BCH, only its block is increased. There were no cardinally new changes or implementations. The main message is that we need to create a global network in which it would be possible to make fast, safe and cheap payments. At the same time, Wright denies any smart contracts and decentralized applications. This, according to him, completely contradicts the concepts of true bitcoin.

Be that as it may, only one fact remains true - the new crypt managed to quickly attract everyones attention. For those who hold BCH, new tokens were automatically transferred to their accounts. The rest, wanting to become coin owners, must either buy Bitcoin SV or mine.

Speaking about the history of the appearance of these coins, one cannot but touch upon the question of their differences from another crypt. So, if we consider the fork process from a technical point of view, then it is a client of BCH. By the way, its also worth noting that the fork is the result of a strong reluctance by BSV supporters to innovate. At the same time, they did not put forward constructive alternative proposals either.

Bitcoin SV price is volatile and unpredictable. For such a short time of its existence, users have already managed to track its fluctuations: there were periods of significant growth and rapid decline. It cannot be said that since the enchanting appearance of the coin, the situation has changed a lot: almost the same is happening now. You can buy Bitcoin SV, like any other crypto, on various crypto exchanges. It is important that they are verified, otherwise you can lose your savings.

When studying the course and statistics on it, the conclusion suggests itself that there is a correlation with the course of the original bitcoin. This fact has been noticed by experts more than once. In fact, everything is extremely simple. If the value of bitcoin goes down, then the value of BSV, on the contrary, creeps up. By the way, it may well be that in the future (perhaps even faster than we think), BSV will undergo major changes. True, so far no one is watching them. However, this can continue for a long time.

It is also worth noting the positive and negative aspects of the new project. So, the following are indisputable positive features:

Substantial interest for miners. Its no secret that the cost of bitcoin has dropped significantly at present. Therefore, many miners are starting to look for alternative options for earning money. It is important that you can earn money with the help of existing equipment, because buying a new one is not a cheap pleasure, and not everyone can afford it in the second round. It is noteworthy that with the help of ASICs it is possible to mine not only bitcoins, but also BSV, which means that the prospects are quite good. True, at first, experts advise to study all the subtleties of the issue, calculate profitability. And of course, consider this option only as an alternative.
Growth prospects. The BSV authors have made quite serious and bold statements. If everything they talked about comes true, then coin rates will increase rapidly and in significant amounts. This means that the owners of BSV coins will receive really huge profits.
Excellent performance. At the moment, the coin occupies a leading position in the cryptocurrency top. You should not discount the high cost and the same capitalization. Moreover, all this is combined with the liquidity of the asset. These are attractive prospects for traders, further increasing the value of BSV.
Despite the really striking positive qualities and excellent prospects, this cryptocurrency also has some negative points, which, of course, should also be taken into account:

There is no innovation. This crypt is secondary when compared with the original. Therefore, there can be no talk of any competition with bitcoin.
Serious competition. This crypt has many strong rivals that are ahead of BCHSV on several points.
High rates of exchange rate volatility. The course is constantly changing, it is unstable. Such unpredictability can scare off serious investors and miners.
Insufficient decentralization of the network. The hashrate is controlled by only a few companies, which dictate the value of the currency, and also determine the direction in which the project is moving.
Of course, it is too early to talk about promising investments. Many users still doubt (and very seriously) about the future of this project. Now the coin makes it possible to make good quick money on price changes. But so far few people talk about long-term investments.

Bitcoin SV features

Bitcoin SV is a very young cryptocurrency, however, there is no doubt about its popularity. Today it is heard by everyone who has at least something to do with the world of cryptocurrency, electronic money, blockchains and the like. It is too early to judge how positive this popularity will be.

If we consider that this crypt is a fork of bitcoin, then it is logical to assume that its purpose is the same as that of the "older brother", namely: the crypt acts as a means of payment.

Is Bitcoin SV Infinite?

According to experts, there may be 21 million BSV, which suggests that the emission of Bitcoin SV is limited. New tokens are formed during mining, this process is no different from the technology of issuing coins of the original crypt (bitcoin). Thus, the cryptocurrency is not infinite, but there is still enough of it for the long-term plans of miners.

The principle of operation of Bitcoin SV is similar to the principle of operation of the original bitcoin. The Bitcoin SV blockchain acts as the ledger in which the block sequence is included. Each block has its own original name. The last one contains all the necessary information that concerns the previous block and the key from the next one.

The chain is created like this:

The transaction is sent to all nodes.
In each node, ongoing transactions are accumulated.
When the correct solution is found, the block is sent to all nodes.
Nodes accept a block if all operations on it are valid and complete.
Work begins on creating a new block.

Strengths of Bitcoin SV

It is not possible to say unequivocally what exactly awaits Bitcoin SV in the near, and even more so in the distant future. But the outlook for Bitcoin SV could be favorable, this is certainly not excluded. Especially if the group leader keeps his promises to modernize the project. In this case, the situation on the crypto market regarding Bitcoin SV will improve significantly.

Do not forget that at the time of its inception, the project was well equipped, its listing on most exchanges was automatic, and its popularity among traders and investors was simply stunning. The crypto even entered the top ten in terms of capitalization. Not all young cryptocurrencies can boast of such success.

Considering all of the above, we can summarize and highlight the main advantages of this project:

excellent starting conditions;
very attractive conditions for miners;
sufficiently high performance;
the scale of the project;
Grand plans.
Of course, there are some negative aspects, the main one of which is the high competition in the cryptocurrency market. At the same time, one should not forget about the large centralization of mining, as well as the reputation of the crypt, which, although young, is already involved in scandals. Experts do not write off some technical problems, in particular, high vulnerability to attacks of various kinds.

Bitcoin SV in TOP currencies

Many still doubt the Bitcoin SV forked developer will keep its promises. Most experts, as well as users, have a strong feeling that they take the success of the crypto for granted, for granted. And with this approach, something good is unlikely to come out. Although, in reality, only time will tell. How much it will take to dot the i is also impossible to say.

In view of the above, experts do not advise pinning high hopes on Bitcoin Cash SV, let alone believing that it will begin its individual development separately from the market. Despite this, the cryptocurrency is in the 9th position of the rating in terms of capitalization, which is $ 1,716,236,931. Therefore, it is up to you to decide whether or not to invest in this cryptocurrency. The only thing that can be advised is to study the information carefully, watch the market fluctuations, analyze everything. This will help you avoid mistakes, keep your finger on the pulse and make the right decisions.