Fresh faces and an eager impression, Bitcoin SV, or Bitcoin Satoshi Vision is the last cryptocurrency to enter the markets and did quite a lot of influence in the process too. Yesterday, Bitcoin SV moved into the top ten cryptocurtures of the market capitalization market after having seen a relatively high rise in market limits. Today Bitcoin SV remains in line, proving that this cryptocurrency is more than just a mode, it is now a serious bidder for Bitcoin Cash.
What is Bitcoin Satoshi Vision?
Bitcoin SV is the result of the recent Bitcoin Cash fork, which saw forced improvements in the Bitcoin Cash block. The result of this fork was part of the chain to take a new direction, this new direction is now known as Bitcoin SV and has been in it for several months.
What is Satoshi's vision?
For those who do not know, Satoshi Vision refers to the original idea of creating Bitcoin. This is complicated. The alleged creator of Bitcoin and kryptocurrency is a person (or group of people) named Satoshi Nakamoto. Now, no one knows who Satoshi Nakamoto is, but due to the documentation that surrounds the creation of Bitcoin, we know that Satoshi had a vision of global cryptocurrency that was decentralized and dominated by people. Satoshi had an almost Marxist vision and saw that it could be returned to people if money is being prepared for the production of currencies. It eventually led to the development of Bitcoin as we know him today (it's a bit more complicated than that of course, but I hope you have some basic idea now).
During Bitcoin's life cycle, we saw the creation of Bitcoin Cash as a result of Bitcoin's fork, which in turn led to the creation of Bitcoin SV, Bitcoin's version, which claims to re-discover Satoshi's original vision and become the most popular and most accepted, fully decentralized cryptocurrency Bitcoin Cash fork. Note that these hard forks are fairly common, so this is not an unheard-of event.
According to Bitcoin SV Website:
"Bitcoin SV is a full-fledged implementation of Bitcoin Cash (BCH) and retains Bitcoin's vision set in 2008 by Satoshi Nakamoto's White Paper: Bitcoin: Peer-to-Peer Electronic Money System Reflects its mission to meet Bitcoin's vision, Vision "or" SV ", created at the request of BCH CoinGeek and other miners, Bitcoin SV is designed to provide a clear choice for the BCH implementation for miners and enable companies to reliably build applications and websites."
Bitcoin SV's real vision now focuses on four key areas that Bitcoin SV aims to better than Bitcoin Cash and Bitcoin. First, Bitcoin SV wants to address stability:
"Bitcoin SV's vision is to guarantee stability only with a limited and well-known set of changes planned to restore the Bitcoin protocol to its original design and enable innovation that is over a stable basic protocol, including the restoration of Satoshi op_codes that allow companies and development teams around the world create many possible solutions on the BCH block, such as intelligent contracts, tokenisation, atomic swaps, and many more. "
"In order Bitcoin Cash to act as a global money platform, it is necessary to demonstrate that the platform is ready to process transaction volume to the required level Bitcoin SV's travel map focuses primarily on increasing capacity with multiple default or horizontally configurable block sizes and performance improvements . "
"Bitcoin Cash will be the global currency, and we must be ready to ensure a level of security that is consistent with the global money system," said Bitcoin SV, to ensure that such a future is secure.
"Immediate transactions are the key to unblocking the Bitcoin Cash stones and mortars market. Security enhancements can be made to ensure Better Secured Immediate Transactions in the future and Bitcoin SV's Safer Transaction Map considers safe, immediate transactions a key priority."
As you can see, the Bitcoin SV team has a key focus on what they want in the future. The team will be brave in their forward moves and really wants to bring the entire "Bitcoin" culture closer to the goals Satoshi Nakamoto has set out, no matter who it is. Bitcoin SV's road map continues to highlight four key areas that the team will explore and set out Bitcoin SV's clear development plan for the second quarter of 2019. It is a short road map that has been granted but is expected to expand and further details will be added, once the Bitcoin SV team has settled down and plans for the future.
For the time being, we expect this cryptocurrency to remain a bit unstable, and therefore probably will not remain a top cryptocurrency in the long run, but you have to admit that what we saw from Bitcoin SV this week is quite impressive.