Bitcoin SV PRICE BSV

Bitcoin SV (BSV) $123.07 USD (-5.25%)

Market cap

$2,202,033,316

Volume (24H)

$138,508,763

Circulating supply

17,892,527

Max supply

21,000,000

Bitcoin Cash, itself a hard fork of Bitcoin core, was again hard forked in November 2018 as a result of increasing tensions from a proposed modification that would adjust the ordering of transactions on the blockchain. A consensus couldn’t be reached and ultimately it was decided that Bitcoin Cash would be split into two separate currencies. The original Bitcoin Cash would remain on its blockchain and become Bitcoin ABC, while Craig Wright moved to a new blockchain and called the currency Bitcoin SV.

A hard fork is a radical change to the protocol that makes previously invalid blocks/transactions valid. It essentially splits the original network into two separate networks. There have been many Bitcoin hard forks in the past and there will likely be many more in the future. Bitcoin Private, for example, is a hard fork that will occur on both Zclassic and Bitcoin networks, is scheduled for April this year.

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