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Review on Bitcoin SV by Nikolay Sadonin

Revainrating 3 out of 5

Bitcoin SV still straggling to get adoption.

By virtue of the fact that it utilizes the same code base as bitcoin, Bitcoin SV has superior technological capabilities. However, when compared to other current initiatives, I don't see any benefits. Bitcoin SV, in my view, is a cryptocurrency that no one truly needs.



In order to guarantee assured stability, only a restricted and well-known set of modifications are intended to return the Bitcoin protocol to its original architecture while still allowing for innovation to occur on top of a stable base protocol, as described in the Bitcoin SV vision. In order to do so, a portion of the Satoshi op codes must be restored, which will allow companies and development teams all over the globe to build many of the solutions that are available on the BSV blockchain, such as smart contracts, tokenization, atomic swaps, and many more.



Bitcoin SV is expected to become a worldwide currency. In order to make such a vision a reality, we must be prepared to provide a degree of security that is commensurate with a global financial system. In order to do this, the Bitcoin SV team has placed a strong emphasis on rigorous Quality Assurance for mining node software and hardware.



This is accomplished via the implementation of a strict set of test stages with complete traceability across the test pipeline, which ensures that modifications undergo a formal and rigorous validation procedure before being approved by the user community. In this regard, Bitcoin SV aims to the same standards of Quality Assurance as are found in mission-critical sectors like aerospace, medical, and national security, among others.

Pros
  • High transaction speed.
  • Listed in lots of exchanges.
  • Low transaction fees.
Cons
  • Limited use-cases.