BSV

Bitcoin Satoshi Vision (BSV) is a cryptocurrency that emerged in 2018 after a split within Bitcoin Cash, itself a fork of Bitcoin. Proponents argue that BSV aims to preserve the original design and rules of Bitcoin as described by Satoshi Nakamoto, with a focus on on-chain scalability and enterprise-ready use cases. The project is primarily associated with the company nChain and its leadership, including Craig Wright, who has publicly claimed to be Satoshi Nakamoto; those claims are disputed by much of the broader cryptocurrency community. BSV’s development is guided by a group that advocates restoring what they see as Bitcoin’s original protocol and increasing on-chain capacity.

Technically, BSV uses a Bitcoin-like blockchain with a Proof of Work consensus that relies on the SHA-256 hashing algorithm. A central objective is to enable large on-chain transaction volumes by increasing block size and reducing restrictions on on-chain data, according to supporters. BSV maintains its supply policy similar to Bitcoin, with a capped supply around 21 million coins. The network emphasizes on-chain payments and business-oriented applications, and it seeks to retain compatibility with Bitcoin’s early transaction structure while expanding scripting capabilities to support more complex, on-chain logic.

Reception and status vary within the cryptocurrency ecosystem. BSV has faced controversy and skepticism from parts of the broader community regarding leadership, governance, and adherence to its stated philosophy. It has also experienced fluctuations in market activity and adoption, with supporters continuing to promote it as the continuation of Satoshi Nakamoto’s vision and as a platform for on-chain applications.