Bitcoin SV (BSV)

Medium of Exchange and Payments

Bitcoin SV is used for fast, low-cost transactions, making it ideal for everyday payments and merchant services. Its larger block size allows it to handle many transactions quickly without high fees.

Scalable Blockchain Platform

It supports large-scale applications by processing high transaction volumes. This makes it suitable for enterprises, governments, and distributed data applications that need reliable and efficient blockchain solutions.

Digital Content and Social Media

Bitcoin SV powers platforms where users can earn BSV by creating content or interacting online. For example, apps like Twetch use BSV to reward social media engagement.

Gaming and NFTs

BSV enables scalable microtransactions for online gaming and digital collectibles, allowing smooth buying, selling, and trading of NFTs and in-game assets.

Data Management and Supply Chain

Its secure data ledger helps track and manage data in industries like healthcare and supply chain, providing transparency and reliability.

Developer Tools and APIs

Tools like Money Button allow businesses to integrate Bitcoin SV payments easily into websites and apps, improving user experience with simple, fast money transfers.

Overall, Bitcoin SV aims to fulfill the original vision of Bitcoin by offering a scalable, efficient blockchain for payments, data, and digital services.

Advantages

• Scalability: Bitcoin SV supports large blocks, allowing more transactions per second compared to many other cryptocurrencies.
• Low Fees: Transaction costs are generally low, making it affordable for everyday use.
• Stability: It aims to follow the original Bitcoin protocol closely, providing a stable and predictable network.
• Smart Contracts: Supports complex scripts and smart contracts, enabling more advanced applications.

Disadvantages

• Adoption: It has a smaller user base and less widespread acceptance than some other major cryptocurrencies.
• Centralization Concerns: Some critics say its development and mining are more centralized compared to other networks.
• Market Volatility: Like many cryptocurrencies, its price can be quite volatile.
• Competition: Faces strong competition from other blockchain projects with larger ecosystems.

Founders

Bitcoin SV was founded primarily by Craig Steven Wright, who claims to be Satoshi Nakamoto, the original creator of Bitcoin. Another key figure involved in its creation is Calvin Ayre, a businessman who supported the project and helped promote it. Some sources also mention Daniel Connolly as a co-founder involved in the early development.

Background

Bitcoin SV was created in 2018 as a hard fork from Bitcoin Cash, which itself forked from Bitcoin. The goal was to restore what the founders see as the original vision of Bitcoin, focusing on scalability and enterprise use.

Institutional and Venture Capital Investors

Bitcoin SV has attracted investments from groups like the Ayre Group and Two Hop Ventures. These investors support wallets, exchanges, and startups building on the Bitcoin SV network, helping grow its ecosystem.

Individual and Community Investors

Many individual investors are drawn to Bitcoin SV because it follows the original Bitcoin protocol vision and has a capped supply of 21 million coins, similar to Bitcoin. This appeals to those looking for a stable and scalable blockchain project.

Corporate and Development Partners

Companies involved in blockchain technology, payment services, and financial platforms partner with Bitcoin SV. The development team and firms like nChain, which develops BSV node software, play a key role in advancing the project.

Legal and Litigation-Related Investors

Some investors are involved in lawsuits related to Bitcoin SV, such as the ongoing case against Binance over the 2019 delisting of BSV, which has attracted attention from those seeking compensation for lost value.

For more details, you can visit official Bitcoin SV community and project websites.

Halal Status of Bitcoin SV

• Yes, Bitcoin SV is considered halal by several Islamic finance authorities.
• It is viewed as halal because it operates on a proof-of-work system similar to Bitcoin, involves actual work (mining), and does not include interest-based mechanisms.
• The project aims to follow the original Bitcoin protocol, which aligns with principles accepted in Islamic finance.
• Shariah compliance screenings by groups like Islamic Finance Guru and Crypto Halal Office support its halal status.