Bitcoin SV BSV

Bitcoin SV cryptocurrency exists on the market not so long, but it has already managed to make a tempest in a teapot. Currently one of the most controversial cryptocurrencies in crypto space, was launched as a product of Bitcoin Cash scandalous hard fork. It has divided the main chain into two independent chains - Bitcoin ABC and Bitcoin SV, which led to the real conflict with blames, DDoS attacks and threats between the founders of these two coins. Within the first weeks of trading it was showing a rapid and confident growth. However now its price, as well as its reputation in the community, is steadily declining.
Bitcoin SV is being developed under the leadership of Craig Wright. A hard-hitting Australian scientist and bitcoin-evangelist emphasized the problem of scalability and therefore, increased the block size to 128Mb. Now he is announcing that his cryptocurrency is “the only real Bitcoin” - just the way Satoshi Nakamoto conceived it (hence the name SV which stands for Satoshi Vision). The initial abbreviation BCH SV was changed to BSV. In reality, still both options are used. More than that, Wright has repeatedly shocked the community, claiming that he is the founding father of Bitcoin. Many users considered him a fraud, which was followed by numerous legal lawsuits and delisting of BSV coin from the majority of crypto exchanges. The situation shows that Wright, instead of improving the ecosystem of his network, prefers to fight with opponents, which causes an avalanche of negative reviews. Basically, the project represents the same BCH, but with an increased block size. Nothing fundamentally was changed by developers. The core idea of the platform is provision of peer-to-peer electronic payment system. The main philosophy is creating a global network for fast, secure and cheap payments. Craig Wright categorically denies the operation of smart contracts and decentralized applications.
Today Bitcoin SV obtains a couple of adverse features: an inverse correlation of the Bitcoin SV rate comparing to the original Bitcoin. Analysts have observed this phenomenon several times. In short: when BTC prices go down, the cost of BSV rises, and vice versa. Also the price of Bitcoin SV is quite unstable. To compare, the course BCH ABC is quite stable. It gradually decreases, while not making sudden jerks. But the price of BCH SV is much more unpredictable. It was recorded that the course once jumped from $38 to $133. And so far the price has not stabilized. Users also send frequent messages to the network on the point of finding new vulnerabilities - as a result, funds in investors' wallets are erroneously spent twice, some operations are rejected, so developers have to urgently create and issue new transaction processing rules;
Immediately after the division, representatives of the largest cryptocurrency exchanges claimed their readiness to support both projects. At the moment, BCHSV coins can be purchased on the Bitcoin.de, Changelly, Coinify, Huobi Global, Poloniex, Raisex and SimpleSwap.
Despite the controversial reputation of the coin, it possesses a lot of advantages.
At the start of the project Craig Wright announced their intentions for the future of the project. Firstly, they plan to refuse the introduction of artificial restrictions for the subsequent increase in block size. It is going to be increased to 128 MB. Within six months, the developers intend to raise this amount to 512 MB. A year later, the block size should be 2 GB. Secondly, the platform will improve scaling in the future: the team is sure the technical characteristics of the platform should be constantly improved to reach the success. Moreover, they plan to increase transaction volumes to 1 TB within three years. And for this they need to make the network really popular among users.
In case Bitcoin SV fulfills the promises of the team, the rate of the coin will increase dramatically.
Currently, Bitcoin SV is among the world top cryptocurrencies. Its price and capitalization are very high. More than that, it attracts many traders, and this fact only increases its value.

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