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TürkçeBitcoin SV Information
Bitcoin SV, short for Bitcoin Satoshi Vision, aims to fulfill the original vision of Bitcoin as outlined in Satoshi Nakamoto's whitepaper. Emphasizing stability and scalability, Bitcoin SV seeks to provide a robust infrastructure for both enterprises and developers, allowing for extensive blockchain applications and larger block sizes than its predecessors. The project strives to distinguish itself through its commitment to regulatory compliance and continuous innovation in the blockchain space.
Understanding Bitcoin SV: A Comprehensive Overview
Bitcoin SV (BSV) emerged as a major player in the cryptocurrency landscape when it bifurcated from Bitcoin Cash (BCH) in November 2018. This hard fork was driven by a fundamental disagreement within the Bitcoin Cash community regarding the direction of the coin's scalability and development. The resulting split gave birth to Bitcoin SV, which stands for "Satoshi Vision," reflecting its goal of remaining true to what some interpret as the original vision of Bitcoin's creator, Satoshi Nakamoto.
The Pros of Bitcoin SV
One of the primary advantages of Bitcoin SV is its purported scalability. The team behind BSV has focused on increasing the block size significantly, claiming to enable faster transaction speeds and lower fees for users. As of the latest updates, BSV boasts some of the largest block sizes in the Bitcoin family, achieving over 2GB blocks in stress tests. This capacity potentially makes BSV a suitable candidate for large-scale enterprise applications and industries with heavy transaction demands.
Another significant benefit is BSV's commitment to stability and regulatory compliance. The BSV community prioritizes a stable protocol, seeking to minimize unnecessary changes and disruptions. This makes BSV appealing to enterprises that require a reliable foundation for building applications. Additionally, Bitcoin SV proponents often emphasize the importance of working within regulatory frameworks, which could aid in broader adoption in traditional financial environments.
The Cons of Bitcoin SV
Despite its potential advantages, Bitcoin SV faces several challenges and criticisms. First and foremost is its controversial origin, born from a contentious fork of Bitcoin Cash. This has led to fragmented communities and divided opinions among crypto enthusiasts. Moreover, the approach of increasing block sizes to solve scalability issues does not come without downsides. Critics argue that larger blocks can lead to centralization, as fewer miners may be able to afford the necessary resources to process these large transactions.
Furthermore, Bitcoin SV has faced skepticism regarding its overall market position. Its significantly lower market capitalization and liquidity compared to giants like Bitcoin and Ethereum could pose challenges for widespread adoption. As of recent data, Bitcoin SV is trading at $47.37, down significantly from its all-time high of $489.75 in April 2021. This performance could raise questions about its long-term viability as a competitive player in the crypto space.
Historical Performance and Development
Since its inception, Bitcoin SV has experienced a roller coaster of price fluctuations and market uncertainty. After its initial introduction in 2018, BSV quickly climbed to establish itself among the top cryptocurrencies by market cap. The all-time high of $489.75 was reached in April 2021 during a broader crypto market rally. Since then, BSV has lost substantial value, marked by a significant decrease of over 90% from its peak.
Despite these challenges, BSV continues to forge a path as a blockchain ecosystem focused on usability and real-world applications. Significant collaborations and projects are continually being developed to harness its scalable technology, aiming to meet the demands of various industries.
Future Prospects for Bitcoin SV
Looking forward, the future of Bitcoin SV will likely depend on its ability to drive real-world utility and adoption. If BSV can successfully implement its vision of a scalable and enterprise-focused blockchain, it could attract more businesses seeking reliable and secure transaction processing solutions. However, achieving this goal requires overcoming technical hurdles and forging new partnerships that leverage its purported strengths.
The continued development of applications on the BSV blockchain, coupled with potential regulatory developments favorable to its approach, could potentially shape a more promising outlook. Nevertheless, the cryptocurrency landscape remains highly competitive and dynamic, with the ongoing evolution of existing and emerging players. Bitcoin SV's ability to adapt will be crucial in determining its place in the broader crypto ecosystem.
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from price
$53
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General Information |
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Title
Bitcoin SV
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Symbol
bsv
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Whitepaper
-
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Website
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Community
-
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
52.91
$
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High 24h
53.86
$
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Low 24h
50.44
$
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Price Change 24h
0.694793
$
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Price Change % 24h
1.33069
%
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Market Data |
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Market Cap
1049101212
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Total Volume
41854347
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Market Cap Change 24h
14480494
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Market Cap Change % 24h
1.39959
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
19814387.5
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Total Supply
19814409.375
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Max Supply
21000000
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Historical Data |
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All Time High (ATH)
489.75
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ATH Change %
-89.17997
%
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ATH Date
2021-04-16 17:09
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All Time Low (ATL)
21.43
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ATL Change %
147.21979
%
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ATL Date
2023-06-10 04:32
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