With the emergence of three Bitcoin factions in the market in the forms of Bitcoin Core (BTC), Bitcoin Cash (BCH) and Bitcoin SV (BSV), investors are torn as to which cryptocurrency to place their trust in.
Many continue to choose BTC since it maintained the early ticker symbol of Bitcoin, and they believe staying with this early ticker symbol is the best. However, although BTC is the first, it is definitely not the original Bitcoin. This article will explain how Bitcoin SV is the real and original Bitcoin.
Brief Background
The war on Bitcoin went on for five years with major issues in ethics, scaling and protocol changes. BTC split into BCH because it wanted to keep a 1MB block size to avoid scaling. Instead, it wanted to record excess transactions off the Bitcoin blockchain. BCH became the ticker symbol for the protocol that wanted to stay true to creator Dr. Craig S. Wright a.k.a. Satoshi Nakamoto’s original Bitcoin design.
(Image source: https://bitcoinsv.com/en/learn/history-of-bitcoin)
In 2018, Roger Ver and the ABC protocol developers performed a hostile takeover of the BCH ticker symbol which occurred due to them firmly believing that a Bitcoin that can be used for illegal purposes and is untraceable by authorities means “economic freedom.” Dr. Wright previously said that Bitcoin needs to operate within the rule of law for it to be valid. With BCH now being a far cry to what Dr. Wright designed Bitcoin to be, those loyal to his vision created Bitcoin SV.
Bitcoin SV Brings Back the Original Bitcoin
The SV in Bitcoin SV stands for Satoshi Vision and it has certainly lived up to its name. On February 4, 2020, Bitcoin SV released the Genesis Upgrade, that officially restored the original Bitcoin protocol, unleashed unbounded scalability, enhanced its security to one never before seen in cryptocurrency history and adopted a regulation friendly-mindset to be able to integrate into governments across the globe.
With this latest upgrade, Bitcoin SV is ready to fulfill Dr. Wright’s vision of creating a global chain that can lead the world. With limitless blocks that can more than accommodate big data and a stable and fixed protocol, software developers can build platforms and applications on the BSV blockchain. With data vastly becoming the most valuable commodity, Bitcoin SV, with its capacity to provide real-time access to global data, is the future of the digital market. It took two long decades, but finally, the original Bitcoin is on its way to realizing its original vision.
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