Bitcoin SV

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Revision as of 15:30, 16 November 2018 by MattRaebel (talk | contribs) (MattRaebel moved page Bitcoin Cash SV to Bitcoin SV: Wrong name)
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Bitcoin SV (BCH SV)
Bitcoin-cash.jpg
Founded 2018
Key People Craig Wright, proponent, notable developer
Twitter @BitcoinSVNode
Website nChain Home

Bitcoin SV is a cryptocurrency created in 2018. It is the result of a software upgrade to the Bitcoin Cash (BCH) protocol that resulted in a hard fork, which also created Bitcoin ABC.[1]

Overview

In 2018, a software developer called ABC Bitcoin proposed an upgrade to the Bitcoin Cash protocol. The changes included potential scaling solutions for the cryptocurrency by changing the way its blockchain stored information. The upgrades were endorsed by Roger Ver and Bitcoin.com. They also had the potential to allow software developers to create smart contract software platforms on the Bitcoin Cash blockchain. This proposal was met with contentious feedback, especially from prominent Bitcoin Cash developer nChain and its founder, Craig Wright. In response, nChain made its own proposal for a software upgrade, which they dubbed Bitcoin SV (the SV being short for "Satoshi's Vision"), which they argued would be closer to Satoshi Nakamoto's original vision. On November 15th, 2018, Bitcoin Cash forked, which began an intense conflict between miners supporting Bitcoin ABC and Bitcoin SV respectively.[2]

References