Getting Started Guide to Bitcoin SV Contents [show]

Mi a Bitcoin SV?
Bitcoin SV, also known as Bitcoin Satoshi’s Vision, is an altcoin derived from the hard fork of Bitcoin Cash. The currency uses blockchain technology for transactions like Bitcoin. The coin was originally created to return to the goals of Bitcoin founder Satoshi Nakamoto.

The creation of the coin ended a long debate among Bitcoin Cash users. Eventually, Bitcoin SV was born, which quickly rose to the level of the best altcoin. Learn more about BSV and how it differs from Bitcoin Cash.

History of Bitcoin SV
Those who follow the history of Bitcoin know that Bitcoin Cash in 2017 broke away from Bitcoin. It didn’t take long for several camps to emerge within the coin acceptors. The debate is primarily about the size of the block. One group wanted to keep the block size at 32 MB to run the algorithms more efficiently and allowed the scripts to be further developed to allow oracle data to be imported into the BCH blockchain.

The other group disagreed and wanted to keep closer to Satoshi’s Bitcoin vision. They wanted to allow the block size to increase to 128 MB so that more transactions could be performed. These differences led to a hard fork in the coin. One of the outstanding supporters of the hard fork was Craig Wright. Wright is an Australian entrepreneur and even claims to be Satoshi Nakamoto.

Bitcoin Cash divided into two coins. The first was the Bitcoin Adjustable Blocksize Cap (ABC) and the Bitcoin Satoshi’s Vision (SV). Eventually, Bitcoin ABC won most of the hash ratio and retained the Bitcoin Cash name. Bitcoin SV continued on its own. It later increased the block size of BSV to 512 MB. In February 2020, the coin produced the hard fork of Genesis, which served as a further development of the coin. This eliminated the block size limits of the coin.

Currently, the coin’s market limit is barely $ 3 billion, directly in the global top 10 market. One of the main proponents of BSV is Calvin Ayre. He regularly seeks investment opportunities in blockchain technologies and has been a strong supporter of Bitcoin SV.

Bitcoin Cash vs Bitcoin SV
Often a coin is forked because the new currency seeks to improve the properties of the original coin. This is the case for BSV. For starters, BSV strives to differentiate itself from BCH in terms of scalability. Without block sizing restrictions, BSV is the most scalable of all major cryptocurrencies. She hopes to handle as many transactions as the adoptive parents can throw away. The coin aims to become a corporate blockchain solution for companies globally. There are companies that are interested in finding out what blockchain technology can do for their organizations.

In addition, Bitcoin SV intends to become a utility coin. Bitcoin and Bitcoin Cash are not the best options for everyday payments or payment solutions. Due to its scalability, Bitcoin SV strives to become the number one payment system in the world. They will become the primary global payment system while offering fast payments, a better user experience, increased security and lower costs for merchants and businesses.

Mining for Bitcoin SV
Bitcoin SV strives to be as similar as possible to the original Bitcoin, including the number in circulation. There will only be 21 million BSV coins ever mined. Furthermore, like Bitcoin, BSV uses a work-safe mechanism to add blocks to the block chain. The coin will also be halved, which means miners will receive less reward for their mining efforts over time.

Like conventional Bitcoin, BSV mining is very expensive due to the investment in equipment and energy required for mining. However, unlike Bitcoin, the rewards are still more reasonable as they have only fallen by half to date. Bitcoin had four.

How to get Bitcoin SV
The easiest way to get Bitcoin SV is to buy it from a cryptocurrency exchange. Several exchanges quickly took over Bitcoin SV and it is now easy to buy. Stock exchanges offering BSV include Huobi Global, KuCoin, Changelly, CoinEx and Poloniex. In most cases, you can exchange BTC for BSV, but some exchanges allow you to exchange USD and USDT for BSV.

Once you have purchased the encryption, you need to make the purchase secure. While you can try to leave the stock market, this is not recommended. Instead, choose a safe wallet. Options include Electrum SV, Exodus and Atomic Wallet. If you prefer a single wallet, the Ledger Nano S supports Bitcoin SV.

Other methods of obtaining BSV include ATMs, faucets, and peer-to-peer transfers. If you are unfamiliar with pins, there are programs on sites that allow you to require a small amount of BSV. These amounts are small, but they are used to start using cryptography.

If buying on the stock exchange turns out to be too daunting, you may decide to try to buy BSV directly from another owner. This is only recommended if you know the person or if the person has a strong transmission. You pay the person and they send BSV directly to their wallet.

If all else fails, you may be able to purchase Bitcoin SV directly from the Bitcoin ATM. Cryptographic vending machines are becoming more popular, and some even offer the option to purchase altcoins like BSV. The only catch is that you pay a premium in addition to BSV’s usual price. We only recommend the use of a cryptographic automaton as an absolute last resort.

Gambling with Bitcoin SV
Like all other major cryptocurrencies, many online gambling sites allow you to deposit using Bitcoin SV. Initially, online casinos only took Bitcoin for cryptographic transactions, but the rise in popularity of altcoins has changed that.

You can now use Bitcoin SV to deposit into Bitcoin online casinos, online sportsbooks and online poker rooms. In many cases, your BSV will be exchanged for USD or BTC. Some sites, such as Blockchain Poker, allow you to use BSV. This allows you to search for more BSVs with your BSV. An additional site should allow BSV to be used in the near future.