Bitcoin SV arises from the break in the original Bitcoin Cash chain and changes important rules, thus giving distance to the current BTC.
It has several fundamental changes that change the methodology to mine it and store the information in its blockchains. BSV is a decentralized digital currency that only works in the virtual world.
The use of Bitcoin SV is similar to that of any cryptocurrency that is used as digital money. Its decentralized structure makes it a reliable system for carrying out transactions no matter where the participants are, through a philosophy where trust is provided by the same system. Bitcoin SV works under these 4 principles:
Bitcoin SV can be used to exchange value on the Internet and to trade with different modalities. Also, the BSV cryptocurrency can be mined.
The biggest problem facing the BSV is the exile into which it is falling. In 2019, Binance pulled Bitcoin SV off its platform. This happened after the founder had an altercation with the leaders of the BSV community. However, this would not end here. Later several exchanges and wallets followed the same idea of Binance. Among them were:
The only ones that remained neutral were:
This still does not reduce the impact that BSV's other health exclusions had.
However, despite the isolation that Bitcoin SV has fallen victim to within the crypto community, there are still several wallets that accept it, such as:
Bicoin SV is a project that has caused controversy and popularity at the same time. Due to this, it gives us a unique opportunity to reflect on the future of cryptocurrencies since its origin and development is marked by conflict.