Bitcoin SV (BSV)
| Market Cap | $809,224,768 |
|---|---|
| Trading Volume | $85,315,628 |
| Volume / Market Cap | 0.1054 |
| Total Supply | 19,266,077 BSV |
| Max Supply | 21,000,000 BSV |
Bitcoin SV is currently trading at $41.99, after a price change of 2.31% in the last 24 hours.
Ranked as cryptocurrency #52 by capitalization today, BSV market cap is valued at $809,224,768. BSV trading volume reached $85,315,628 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on BSV coin price prediction page.
What is Bitcoin SV?
Bitcoin SV was created from a hard fork of Bitcoin Cash in 2018. Bitcoin Cash was similarly forked from the original bitcoin blockchain in 2017. Bitcoin SV aims to execute the vision of bitcoin’s inventor, Satoshi Nakamoto, of a peer-to-peer electronic cash system.
The protocol is secured with the proof-of-work consensus algorithm where miners compete to solve a complex mathematical problem for a chance to add blocks to the chain and get rewards. Unlike the original bitcoin, BSV aims to be a scalable payment protocol that supports distributed data applications.
BSV is the native token powering Bitcoin SV. There are 18,975,739.14 circulating BSV tokens from a total supply of 18,975,795 and a hard cap of 21,000,000. Newly minted tokens are distributed to miners through rewards. The miners’ block rewards are reduced by half at specific intervals to cut the circulation of new tokens as the maximum quantity is approached.
Bitcoin SV is managed by Bitcoin Association, a not-for-profit organization based in Zug, Switzerland. The self-proclaimed Satoshi Nakamoto, Craig Wright, has been a vocal supporter of Bitcoin BSV since the hard fork. Another known contributor is Calvin Ayre.