What is Bitcoin SV (BSV)?

Deep Dive

1. Purpose & Value Proposition

BSV aims to fulfill Bitcoin’s original promise as a peer-to-peer electronic cash system while enabling enterprise-grade data applications. It diverged from Bitcoin Cash (BCH) and Bitcoin (BTC) by removing artificial block size limits and restoring disabled protocol features like Script commands. This allows BSV to process tens of thousands of transactions per second at fractions of a cent in fees, targeting use cases such as supply chain tracking, identity verification, and AI data management (CoinMarketCap).

2. Technology & Architecture

BSV’s architecture emphasizes unbounded scaling through dynamic block sizes, with test blocks exceeding 2 GB (vs. BTC’s 1 MB). The network claims to handle 1 million+ transactions per second and supports features like:
- Tokenization: Native token creation without requiring separate layers.
- Micropayments: Sub-cent fees for applications like pay-per-use AI queries or streaming.
- Data storage: Immutable on-chain data for timestamping, contracts, and audits.

Its protocol stability aims to provide a reliable foundation for businesses, avoiding frequent updates common in other chains.

3. Ecosystem & Differentiation

BSV differentiates itself by focusing on enterprise adoption and regulation-friendly compliance. Projects like Verasity (video authentication) and MNEE (stablecoin transactions) highlight its utility in data integrity and micropayments. However, it faces challenges due to association with Craig Wright’s disputed Satoshi claims and past 51% attacks.

Conclusion

Bitcoin SV positions itself as the “original Bitcoin” with a scalable infrastructure for payments and data, but its adoption hinges on overcoming technical skepticism and market perception. Can BSV’s focus on enterprise use cases outweigh its controversies in the long term?