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What is Bitcoin?

A global phenomenon that showed the world that money can be created and managed independently from banks. While questioned early on, its now been running for over a decade with unmatched security and robustness.

What is it really?

Bitcoin is a decentralized ledger, a network of nodes that systematically tracks and stores transactions without relying on trusted third parties. Released in 2009, Bitcoin quickly gained popularity as timestamp server that immutably records information (such as transactions) without borders, barriers, or requiring explicit permission.

Bitcoin SV is committed to advance the Bitcoin protocol while adhering to the definitions of Satoshi Nakamoto’s original whitepaper. Bitcoin SV is maintained under the governance of The Bitcoin Association, a non-profit association in Zug, Switzerland. The Bitcoin Association creates technical standards and educates enterprises, users and developers on how to create a global blockchain ecosystem.

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The Economics

In 2009, Bitcoin was released with an incentive system to reward infrastructure providers to secure and verify transactions across the network. Satoshi’s whitepaper was shaped by economic thoughts and principles to create a stable and sustainable ecosystem. The Bitcoin network is a open competitive ecosystem that dynamically evolves around services offered to real world users to create a global blockchain infrastructure.

In Bitcoin, block reward (subsidies) are halved roughly every 4 years. Due to the halving’s, miners reach an inflection point at which the fees generated by transactions exceed the subsidy value, thus creating a sustainable, competitive transactional data marketplace.

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Why BitcoinSV?

This open economic system is only enabled by BitcoinSV by going back to Bitcoin’s own roots. Incentivised scaling reduces transaction fees and increases throughput to levels that ensures it can become a global payment layer.

Bitcoin Capabilities

Bitcoin was carefully designed by Satoshi Nakamoto to comply with existing international monetary laws (such as traceability for auditing reasons) to enable regulatory compliant, global adoption. Bitcoin supports smart contracts, such as tokens, NFTs, and even games. Its UTXO model makes Bitcoin parallelized and scalable supporting near-instant, real-time payments, usually settling within 2 seconds.

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