Discover how Bitcoin SV (BSV) has delivered Satoshi’s vision of One Global Bitcoin blockchain. It’s fast, scalable, transformative, efficient, and regulation-friendly (thus stable), setting many records along the way. BSV is a truly powerful blockchain.
The vision for what Bitcoin is, and supposed to be, was outlined by its inventor Dr. Craig S. Wright, using the pseudonym Satoshi Nakamoto, in the white paper entitled “Bitcoin: A Peer to Peer Electronic Cash System”. Four months later the first open source Bitcoin client software is released.
Dr. Craig S. Wright was very explicit about his concerns that Bitcoin was being infiltrated by anonymous developers, criminals misusing it and that it had become associated with projects like WikiLeaks. This distortion of his tool was unacceptable and thus removed himself from the project to ‘venture into more complex ideas’ like the Metanet.
“Segregated Witness” or SegWit, was designed to remove the tracing capabilities of Bitcoin allowing the introduction of off-chain, opaque exchange solutions such as the Lightning Network. The introduction of this broke Bitcoin’s original protocol and clearly renders BTC as non-Bitcoin compliant and intentionally ineffective.
Bitcoin SV (BSV) becomes the new ticker symbol for the original Bitcoin Protocol when BCH decided to divert from Bitcoin’s white paper, introduce non-Bitcoin compliant features which included introducing anonymity that hinders government and financial regulation. This is why it’s considered Bitcoin’s Independence Day.
The Genesis upgrade restored the original Bitcoin Protocol as closely as possible to Satoshi’s original design, locking it down to create stability for developers and enterprises to build upon. Unbounded scaling returned, as did the original Bitcoin script language that allows developers to build on-chain applications easier.
Numerous world records have now been set on Bitcoin’s original protocol including regularly surpassing millions of transactions a day, the largest blocks (+4GB), largest NFT (1GB) and the lowest environmental impact of any proof-of-work (POW) chain.
The BitcoinSV brands have been unified under the BSVblockchain umbrella, streamlining their approach and providing a clear, cohesive identity for the project.