Bitcoin SV (BSV) is a cryptocurrency based on the Bitcoin blockchain. It originated as a hard fork of Bitcoin Cash, and SV stands for Satoshi Vision. The primary goal of BSV crypto is to preserve the essence of classic bitcoin with increased scalability. BSV is positioned by its creators as the "original" of Bitcoin. Keep reading the new StealthEX article and find more about BSV crypto.

BSV coin price today is $122.5. 

BSV Coin Brief History

The hard fork that gave rise to the BSV coin happened on November 15, 2018. Bitcoin SV separated from Bitcoin Cash BCH on block #556767, as a result of a disagreement between developers. Roger Wehr, the head of BCH, was going to focus on the quality and new technologies, namely dApps, and an emphasis on transfers between blockchains without exchanges.

Craig Wright, the head of Bitcoin SV, in turn, sought to retain everything that the original Bitcoin white paper offered. The only problems that Wright intended to solve were the scalability of the network, the speed of transactions, and the increase of the block to 128 MB.

BSV Crypto Features

The developers of Bitcoin SV see the currency solely as a means of payment. To achieve this goal, they have highlighted several key components:

1. Guaranteed stability. BSV cannot and should not introduce any technologies that will contradict the original Bitcoin idea, like dApps or smart contracts.
2. Scalability. A global money platform requires the ability to process a huge number of transactions in a short period.
3. Security. The project plans to achieve full security through several solutions: the latest powerful equipment and the creation of a funded program to solve past mistakes.
4. Secure instant transactions. The developers see instant transactions as a major advantage and make their security a priority.

To attract more people to the community, BSV founders offer developers to join the Bitcoin SV Academy to upscale their knowledge in Bitcoin Theory, Bitcoin Development, and Bitcoin Infrastructure

How To Mine Bitcoin SV?

Bitcoin SV is based on SHA256, a software algorithm that supports PoW-mining. Users can mine the coin using ASIC machines. You can join a mining pool for cheaper and faster mining. After that, users can store their tokens on a suitable Bitcoin SV wallet, like Coinomi, Edge, or Exodus. 

Genesis Hard Fork

On February 4, 2020, a Bitcoin SV hard fork was completed. The protocol got lots of essential changes:

1. Scalability problem solved by removing block size limits. Bitcoin SV's transactional capacity is infinite, and miners can adjust block sizes and network capacity on their own.
2. A return to the original protocol. Developers who support Bitcoin are changing it, so they have already deviated from the original idea. Bitcoin SV allows developers to complete scripts quickly, perform complex calculations efficiently, and conduct high-speed microtransactions.
3. Support for complex transaction types. No need to find a miner willing to process them. All participants can use such transactions freely.
4. Further development will also focus on maintaining the basic principles of the protocol, as opposed to other forks and modified Bitcoin.

Bitcoin SV Price Prediction

This cryptocurrency has already attracted thousands of people and over 350 companies, and the fact that there are over 60 projects under development on BitcoinSV proves that. However, the BSV team never stops improving its services.

In November 2021, developers upgraded their Node software to v1.0.10 and released mAPI v1.4.0. They improved the PTV scheduler, added new ZMQ topics, and modified processing User-Agent strings.

With such amazing Bitcoin SV news, BSV coin price increases. According to WalletInvestor, Bitcoin SV price will be over $270 in January 2025. The Coin Price Forecast Center has a similar prediction, believing a BSV price will reach $219 at the end of 2025.

All in all, Bitcoin SV is one of the most controversial coins, but it has a loyal community from the beginning. Improvements implemented by developers increase the demand for the cryptocurrency and keep the exchange rate moving in a positive direction. The Genesis hard fork has increased the popularity of BSV and increased the number of its holders.

How To Sell Bitcoin SV?

The safest way to exchange BSV coin is to use StealthEX, a non-custodial platform for quick transactions. Just select a suitable coin from over 400 options, provide some general data, and wait for several minutes to complete your exchange.

Just go to StealthEX exchange and follow these easy steps:

1. Choose the pair and the amount for your exchange. For example, BSV to BTC.
2. Press the “Start exchange” button.
3. Provide the recipient address to which the coins will be transferred.
4. Move your cryptocurrency for the exchange.
5. Receive your coins!

You are more than welcome to visit the StealthEX exchange and see how fast and convenient it is. 

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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.