Specialist marketing ICO-Agency BlackBall Bednarski Vitaly shares his reasoning on the prospects of Bitcoin SV.
August 1, 2017 occurred hardwork cryptocurrency bitcoin, causing the market filled with new Bitcoin Cash. The reason for the fork is disagreement on the further development. However, after just over a year and Bitcoin Cash could not resist, divided into two cryptocurrencies: Bitcoin and Bitcoin ABC SV.
SV stands for Bitcoin Satoshi’s Vision or “vision of Satoshi”, that is implicit that the cryptocurrency is in the form in which it was conceived by Satoshi Nakamoto.
Bitcoin SV shortly after the fork confidently stormed the top 10 by market capitalization, and currently there is 8-th line (according to Coinmarketcap.com).
The reason for the split Bitcoin Cash
Hardwork Bitcoin Cash held November 15, 2018 as a result of differences in the community. The team chose the SV Bitcoin “Satoshi’s vision”, that is, those principles that were fundamental in the creation of the first cryptocurrencies.
Key aspects of Bitcoin SV are:
- low transaction fees;
- a high level of zoom;
- high network security.
At the head of the team was Daniel Connolly, and among support this project turned out to be Craig Wright, known for the fact that in 2016 impersonating Satoshi Nakamoto, however, convincing evidence that American did not provide.
“I will destroy bitcoin”
Craig Wright a dislike because of his quarrelsome nature, however, large investors are entrepreneur with respect. Soon after hard forks Wright stated that he will destroy the bitcoin and cryptocurrency market has experienced a rapid decline. Bitcoin directly, has lost about 40% of the cost, entrenched within 3-4 thousand USD per coin.
As it did not apply to Wright, however, the entrepreneur is known that for the words tries to reply to any initiatives is extremely serious. As a result, the SV Bitcoin began to attract investors.
Currently, there is a trend that the value of Bitcoin increases SV with the fall of the cryptocurrency market, and Vice versa, the cryptocurrency market, led by bitcoin grows when the value of Bitcoin decreases SV.
As Bitcoin SV can destroy bitcoin
Despite the seeming absurdity of threats to Wright, in the near future, it is still possible that Bitcoin SV acquires greater importance than its “ancestor” of bitcoin. The reasons:
- Currently, the speed of transactions in the Bitcoin network SV is 1500 per second, taking into account the block of 64 MB. In the near future, the team plans to increase unit to 128 MB, making the speed of transactions even higher.
- Cryptocurrency chose the surest road to the side of the competition with traditional payment systems, namely VISA, Mastercard and PayPal. Low fee and high transaction speed will allow you to pay with the cryptocurrency not only at the global level, but even to pay bills in restaurants, hotels, etc.
- One of the most influential cryptomelane Calvin Ayre Bitcoin chose the SV as the object of support after the fork.
- The fall in the value of bitcoin made the mining unprofitable is the first cryptocurrency, resulting in hundreds of thousands of miners leave the industry, and the further decline in value, the profitability of the industry as a whole will be called into question.
- In 2016, Craig Wright has refused to provide proof that he is Satoshi Nakamoto. Of course, with high probability this fact is no more than fiction, but one can assume that this card Wright reserved for the future, since all bitcoins stored in the account Nakamoto, for a long time will not move. Remember, honey is that Craig is not one of those who throw words to the wind.
In the end we can conclude that SV Bitcoin is a cryptocurrency for investment, with a strong team and great prospects.
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