Bitcoin SV Wallet | Ledger

What is Bitcoin SV?

Bitcoin SV (BSV) is a cryptocurrency that was created following a hard fork of the Bitcoin Cash (BCH) blockchain in 2018, which itself had forked from the BTC blockchain a year earlier. The aim of Bitcoin SV is to fulfill the original vision of the Bitcoin protocol and design, as described in Satoshi Nakamoto’s white paper. It aims to offer scalability and stability in line with the original description of Bitcoin as a peer-to-peer electronic cash system, as well as a distributed data network that can support enterprise-level advanced blockchain applications.

To achieve this, Bitcoin SV has removed artificial block size limits and re-enabled Script commands and other technical capabilities that were previously disabled or restricted by the BTC blockchain developers. Its block size is 4GB, compared to Bitcoin’s 1MB, and it can process up to 10,000 transactions per second. This allows the network to process many transactions per second and maintaining very low transaction fees for micropayments costing only a fraction of a cent. And also enables advanced capabilities such as tokens, smart contracts, computation, and other data use cases.

BSV is the native cryptocurrency of the platform, usable to make payments across the network. All transactions within the blockchain are settled in BSV. Even dApps built on Bitcoin SV use BSV tokens for native transactions. BSV tokens are distributed as mining rewards for users mining the tokens.