Review on Bitcoin SV by francis fernandez
Bitcoin SV: a blockchain that revolutionizes the crypto market
Bitcoin SV, also known as Bitcoin Satoshi Vision (BSV) is a digital currency created in 2018, the product of a fork of the popular cryptocurrency in the Bitcoin Cash market.
The digital currency Bitcoin SV operates on a peer to peer network and its creation aims to improve the scalability of the blockchain to act as electronic cash by increasing the limit of the size of its block to 128MB compared to that of its 32MB Bitcoin Cash base currency.
Bitcoin SV brings together under the same blockchain concept a scalable digital currency, useful for making payments worldwide, with an open and unalterable public registry of its transactions that uses avant-garde technology to develop decentralized applications that guarantee the optimal performance of processes and Business organizations.
In addition, the Bitcoin SV platform is useful as a large-capacity storage source and instrument for executing large volumes of transactions at low cost.
How is BSV digital currency mined?
The mining of this cryptocurrency is based on using the processing power of computer equipment to decipher and solve complex mathematical problems.
Is it possible to acquire this cryptocurrency on the market?
Bitcoin SV can be acquired through:
1-Purchase: in one of the multiple wallets compatible with the Bitcoin chain, such as: Coinomi, Exodus, among others.
2-Exchange: There are many exchange houses to get or exchange Bitcoin SV. The most recommended are: Bittrex and Changelly.
3-By mining.
What utilities or functions does this cryptocurrency have?
* Allows you to trade crypto assets.
* Serves as a universal payment instrument
* Serves as a data storage resource.
Despite the controversy that this cryptocurrency has caused among the major players in the crypto market; Bitcoin SV remains in the market with an upward trend in its price.
PRO:
Pros
- It is a payment instrument used globally.
- It has an unalterable public registry book that can be used to develop applications for mass use and business utility.
- It allows users and developers to have a stable and secure tool for creating decentralized applications.
Cons
- It has been the subject of disputes between its founder and blockchain experts, who have made negative comments regarding the coin; to the point that it was eliminated from some exchange houses for being considered monopolistic and centralized.
