Comparison and Review: Bitcoin (BTC) vs Bitcoin SV (BSV)
Bitcoin (BTC)
Symbol: BTC
Name: Bitcoin
Market Cap Rank: 1
Bitcoin is the first successful internet money based on peer-to-peer technology. It operates without the involvement of any central bank or authority. Bitcoin was created by an anonymous individual/group known as Satoshi Nakamoto. This cryptocurrency is designed to have a maximum supply of 21 million BTC, making it a deflationary currency. Bitcoin uses the SHA-256 hashing algorithm and has an average transaction confirmation time of 10 minutes. It offers easy mobile payments, low transaction fees, and anonymity. Bitcoin has inspired the creation of many alternative cryptocurrencies.
Bitcoin SV (BSV)
Symbol: BSV
Name: Bitcoin SV
Market Cap Rank: 67
Bitcoin SV emerged as a result of a hard fork of the Bitcoin Cash blockchain in 2018. Its goal is to fulfill the original vision of the Bitcoin protocol as described in Satoshi Nakamoto's white paper. Bitcoin SV aims to offer scalability, stability, and a distributed data network that supports enterprise-level blockchain applications. It has removed block size limits and re-enabled restricted capabilities, allowing it to process thousands of transactions per second with low fees. Bitcoin SV also supports advanced features like tokens, smart contracts, and computation. It is considered more aligned with the original design of Bitcoin than any other blockchain.