What is BSV coin? How does the BSV coin work?

BSV coin: the product of the fork of Bitcoin Cash

BSV coin (Bitcoin Satoshi Vision) is a cryptocurrency that passed the hard drive on November 15, 2018. A fork was born from Bitcoin Cash (BCH). The birth of the BSV coin was mainly due to disagreements within Bitcoin Cash surrounding technical issues such as block size restrictions, which led to the split of BCH. Craig Wright, the founder of BSV coin, claims to be Satoshi Nakamoto, the founder of Bitcoin. This claim has also caused widespread controversy and doubts. There is still no sufficient evidence to confirm his identity. . Supporters of BSV believe that it is the true vision and value of Bitcoin and are committed to restoring Bitcoin's original design concept, which is as a peer-to-peer electronic cash system. The technical features of BSV coin

The working principle of BSV coin

BSV coin is similar to Bitcoin and Bitcoin Cash. It is a decentralized digital currency that uses blockchain technology to Record and verify transactions. However, BSV coin is unique in its focus on scaling the blockchain to process transactions faster and with lower fees. In addition, the vision of BSV currency is to achieve large-scale commercial applications around the world and provide efficient payment solutions for businesses and individuals. Therefore, the development of BSV coin is focused on continuous improvements in scalability and stability

• Large block capacity: The block capacity of BSV coin is much larger than that of Bitcoin and Bitcoin Cash, This allows more transactions to be processed and reduces transaction fees.
• Restore the original Bitcoin protocol: Supporters of the BSV coin believe that Bitcoin Cash has deviated from the original vision of Bitcoin, and the BSV coin aims to restore the original Bitcoin protocol.
• Microtransactions: BSV coin allows very small transactions, called microtransactions, which makes it suitable for daily payments and small transactions online.

Uses of BSV coins

BSV coins can be used for a variety of purposes, including:

• Payment: BSV coins can be used to pay for goods and services The means, due to its low transaction fees, is particularly suitable for small transactions.
• Remittance: BSV coins enable quick and low-cost transfers across borders, making it an attractive option for international money transfers.
• Investment: Some investors view the BSV coin as an investment vehicle, hoping to profit as its value grows.

Controversy of BSV Coin

Since its inception, BSV coin has been controversial. Some have questioned whether Craig White is actually Satoshi Nakamoto and accused him of using BSV coins to serve his personal interests. In addition, BSV coin has been criticized for its internal divisions in the community and offensive remarks against other cryptocurrencies.

Despite the controversy, BSV coin remains a popular cryptocurrency and ranks high in the cryptocurrency market. Its large block size and micro-transaction capabilities give it advantages in specific applications. However, before investing in BSV coins, investors should be aware of its controversial nature and risks.

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