Bitcoin SV (BSV) is trading at $23.59** as of the latest update, with a 24-hour trading volume of **$10,644,782. Over the past day, BSV has declined by 5.29%, and over the last seven days, it has dropped by 22.81%. The current market capitalization stands at $469,151,569, with a circulating supply of 19,887,600 coins. Bitcoin SV currently holds the #100 position in the global cryptocurrency market rankings.
BSV is currently trading 95.20% below its all-time high and 213.13% above its all-time low. All data is updated in real time to reflect the latest market dynamics.
👉 Discover how BSV compares to other scalable blockchains and what drives its long-term potential.
What Is Bitcoin SV (BSV)?
Bitcoin SV, short for Bitcoin Satoshi’s Vision, is a cryptocurrency designed to fulfill the original blueprint laid out in Satoshi Nakamoto’s 2008 Bitcoin whitepaper. Unlike Bitcoin (BTC), which has evolved primarily into a digital store of value, BSV aims to function as a scalable peer-to-peer electronic cash system and a robust platform for enterprise-level data applications.
At its core, Bitcoin SV emphasizes on-chain scaling, removing artificial block size limits to allow for massive transaction throughput. This foundational shift enables BSV to support advanced blockchain use cases such as smart contracts, tokenization, and large-scale data processing—features that are limited or offloaded via Layer-2 solutions in other networks.
One of BSV’s most notable technical achievements is its capacity to process up to 100,000 transactions per second (TPS). For context, this rivals traditional payment giants like Visa, which averages around 1,700 TPS globally. Yet, BSV achieves this with significantly lower transaction fees—often just fractions of a cent—making it ideal for micropayments and high-frequency transactions.
This scalability is made possible by lifting block size restrictions. In 2021, the BSV network successfully mined a 2GB block, a stark contrast to Bitcoin’s 1MB limit. By maintaining large blocks natively, BSV avoids the need for complex Layer-2 infrastructures, promoting simplicity, security, and direct on-chain settlement.
Like Bitcoin, BSV operates on a Proof-of-Work (PoW) consensus mechanism. Miners compete to solve cryptographic puzzles using specialized hardware. The first miner to validate a block receives a reward in BSV tokens. This process ensures network security and decentralization while incentivizing participation.
BSV also revives and expands the original Bitcoin Script language, enabling developers to build complex decentralized applications (dApps) directly on the blockchain. This makes BSV not just a payment network but a full-fledged data platform capable of supporting social media apps, supply chain tracking, and secure document verification.
The Origins of Bitcoin SV
The story of Bitcoin SV begins with the broader debate over Bitcoin’s scalability. In 2017, dissatisfaction with Bitcoin’s slow transaction speeds and high fees led to the creation of Bitcoin Cash (BCH)—a fork that increased block sizes to improve throughput.
However, internal disagreements within the BCH community persisted. One faction advocated for continued on-chain scaling and protocol stability, while another pushed for more frequent upgrades and off-chain solutions. These tensions culminated in November 2018 with a hard fork of Bitcoin Cash, resulting in the birth of Bitcoin SV.
The driving force behind BSV was nChain, a blockchain research and development company. Craig Wright, former Chief Scientist at nChain, emerged as a central figure in the project. He publicly championed BSV as the true continuation of Satoshi Nakamoto’s vision and claimed to be Nakamoto himself—a claim that remains unproven and widely debated within the crypto community.
To support BSV’s growth, Wright co-founded the Bitcoin Association, a global non-profit dedicated to advancing the adoption and development of the BSV blockchain. The organization funds developer initiatives, hosts educational programs, and collaborates with enterprises exploring blockchain integration.
Since its inception, BSV has experienced significant price volatility, often mirroring broader market trends set by Bitcoin. For example, both BTC and BSV saw strong rallies in late 2021, though BSV reached its peak earlier that year in April. The broader crypto market downturn in mid-2022 also impacted BSV’s valuation, reflecting its sensitivity to macroeconomic conditions and investor sentiment.
Despite controversies surrounding its leadership and adoption challenges compared to larger networks, BSV continues to attract niche developers and enterprises focused on data integrity and high-volume transaction processing.
Bitcoin SV Supply Mechanics
True to its mission of adhering closely to Nakamoto’s original design principles, Bitcoin SV has a maximum supply cap of 21 billion coins—1,000 times greater than Bitcoin’s 21 million. This expanded supply supports microtransactions and enterprise use without inflating individual coin values unsustainably.
New BSV coins are introduced through mining rewards, following the same halving model as Bitcoin. Approximately every four years (or every 210,000 blocks), the block reward is cut in half. This controlled issuance schedule helps maintain scarcity over time and discourages rapid inflation.
Initially, miners received 50 BSV per block. After multiple halvings, the current reward is significantly lower, gradually shifting miner incentives from new coin issuance toward transaction fees—a sustainable economic model as the network matures.
With a circulating supply of nearly 19.9 million coins, BSV is still far from reaching its maximum cap, allowing room for long-term growth in mining activity and network usage.
Investors can acquire BSV either through mining or by purchasing it on major exchanges. However, due to inherent market volatility, potential buyers should remain mindful of price fluctuations influenced by global crypto trends, regulatory developments, and technological updates.
Frequently Asked Questions (FAQ)
Q: What does "Bitcoin SV" stand for?
A: Bitcoin SV stands for Bitcoin Satoshi’s Vision, reflecting its goal to restore and scale the original Bitcoin protocol as envisioned by Satoshi Nakamoto.
Q: How is BSV different from Bitcoin (BTC)?
A: While BTC focuses on being a digital gold or store of value, BSV prioritizes on-chain scalability, enabling fast, low-cost transactions and enterprise data applications without relying on Layer-2 solutions.
Q: Can I mine Bitcoin SV?
A: Yes, BSV uses Proof-of-Work mining similar to Bitcoin. Miners use specialized hardware to validate transactions and earn block rewards, though profitability depends on equipment costs and electricity rates.
Q: Is BSV a good investment?
A: As with any cryptocurrency, investing in BSV carries risks due to price volatility. Its long-term potential hinges on adoption by developers and businesses seeking scalable blockchain infrastructure.
Q: What is the maximum supply of BSV?
A: Bitcoin SV has a maximum supply of 21 billion coins, making it more suitable for micropayments and widespread usage compared to BTC’s limited supply.
Q: Where can I buy BSV safely?
A: You can securely purchase BSV on reputable platforms that support it. Always use trusted exchanges with strong security measures.
👉 Learn how to securely store and manage your BSV holdings after purchase.
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