Exchange Bitcoin SV (BSV)
If you're looking to swap Bitcoin SV, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Bitcoin SV or some fresh information about BSV’s price movements. And, of course, we provide you with the multiple Bitcoin SV exchange options so that you can choose the offer with the best rates and lowest Bitcoin SV fees, as well as other parameters that suit you.
Bitcoin SV Price Stats
To help you make a decision about exchanging your Bitcoin SV, we gathered some cold hard numbers: Bitcoin SV price chart and other stats, such as Bitcoin SV market cap.
24H HIGH $284.79012
BSV MARKET CAP $572,214,162.026
CIRCULATING SUPPLY 18,997,814.144 BSV
24H LOW $29.91
BSV PRICE $30.12
24H VOLUME $1,147,110.58
Bitcoin SV Price Chart
Here you can see the current price of Bitcoin SV, as well as Bitcoin SV price history.
What is Bitcoin SV?
Bitcoin SV emerged in 2018 after the hard fork of the Bitcoin Classic network, which was hardforked from Bitcoin just a year before that. The goal of the project is to fulfill the original version of the Bitcoin protocol and it’s designed according to the White Paper released by Satoshi Nakamoto. Another goal of Bitcoin SV is to offer scalability and stability along with the original idea of Bitcoin while providing a distributed public ledger that can host enterprise-grade advanced decentralized applications.
The project removed artificial block size limits, re-enabled script commands, and some other technical capabilities that were for certain reasons removed or restricted from the original protocol by Bitcoin developers. Thanks to that the network can process tens of thousands of transactions per second while maintaining low transaction fees. Bitcoin SV differs from the other versions of Bitcoin in its adherence to the original Bitcoin protocol, unlike Bitcoin which is now mostly used as a store of value or investment more than an asset.
Bitcoin SV calls itself the fastest public ledger. The network is powered by Bitcoin Scripting, so any transaction can be a smart contract to cryptographically secure tokens or NFTs, offering wide possibilities, benefits, and numerous use cases. Bitcoin SV mined the world’s first gigabyte-level blocks in 2021, and by August 2021 the block size reached nearly 2 GB. The recent tests of the BSV node software showed its ability to handle up to 100000 transactions per second. The Bitcoin SV Infrastructure team expects it to show the same results on the mainnet and grow even higher in the future.
The unique characteristic of the BSV network is its unique capacity for unlimited on-chain scaling capacity while maintaining alignment with the original design of Bitcoin. Bitcoin SV is also considered to be a more green cryptocurrency with its carbon emission outclassing many popular blockchains.
Bitcoin SV is a ready platform for blockchain application developers, and there were projects migrating to it from other blockchain networks such as Ethereum mainly because of the scaling issues. It is quite attractive for enterprise and government users due to the efficiency and stability of the platform. The network utilizes a Proof-of-Work consensus mechanism.
The project was launched by the blockchain technology company nChain. It developed a BSV node software and later kept delivering protocol updates that restore the functionality of the original Bitcoin network. The company continues to create updates for the node software and infrastructure tools provided by the Bitcoin SV Infrastructure Team. The chief scientist of nChain Craig Wright claimed to be Satoshi Nakamoto, the creator of the original Bitcoin network.
When BSV was split from BCH, a Switzerland-based non-profit organization named Bitcoin Association was formed. It supports the global growth and adoption of the Bitcoin SV network. The actions of the nChain’s Bitcoin SV Infrastructure team are guided and controlled by the Bitcoin Association.
The project was also supported by known people in the industry. One of them is an entrepreneur Calvin Ayre, who openly expressed his sympathies for the project.
BSV is the native cryptocurrency of the project. As stated in the original Whitepaper there will be 21 billion tokens. The coins are distributed through the mining rewards in addition to the share of the transaction fees earned by transaction validation.
The block rewards are halved in the predefined periods to slowly shift the reliance of miners on these subsidies to transaction fees and reduce the flow of new coins when it gets closer to the maximum quantity.
Average Fees on Bitcoin SV
One of the main purposes of the Bitcoin SV network is to offer low transaction fees along with a high level of scalability. It follows along with the set goals as the average transaction fee on Bitcoin SV is around 0.000003 BSV, equivalent to around $0.00011 at the time of writing (November 2022).
BSV Token Wallets
BSV is supported by many centralized and decentralized exchanges and platforms and can be held in the following wallets: Exodus, Ledger Nano, Coinomi, Electrum SV, Atomic Wallet, Guarda.com wallet, Edge, HandCash, etc.
A Simple Way To Exchange Bitcoin SV Here At SwapSpace
Choose a pair
Choose the cryptocurrencies you would like to exchange among more than 1700 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Select the best rate
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
Receive your coins
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: firstname.lastname@example.org.