Bitcoin (BSV) is a cryptocurrency that was created as a result of a hard fork from the Bitcoin Cash.

Bitcoin SV (BSV) is a cryptocurrency that was created as a result of a hard fork from the Bitcoin Cash (BCH) network in November 2018. The project is led by Craig Wright, who claims to be the pseudonymous creator of Bitcoin, Satoshi Nakamoto.

Here is a detailed overview of the project and how it works.

Scaling:

One of the main goals of the Bitcoin SV project is to increase the maximum block size limit on the BCH blockchain from 8MB to 128MB. This is intended to increase the network's transaction capacity and make it more suitable for large-scale, enterprise-level use cases.

Mining:

Bitcoin SV utilizes a consensus mechanism called "Proof-of-Work" (PoW) mining, which is the same mechanism used by the original Bitcoin network. The PoW algorithm used by BSV is SHA-256, the same algorithm used by Bitcoin. This allows miners to use the same equipment and software to mine BSV as they would to mine Bitcoin.

Network:

Bitcoin SV is designed to be fully backward-compatible with the Bitcoin protocol, meaning that existing Bitcoin software can be used to send and receive BSV without modification. However, the BSV network will have a higher block size limit and a different consensus mechanism, which will allow for more transactions to be processed on the network.

Decentralization:

The Bitcoin SV project aims to restore the original Bitcoin protocol and increase the decentralization of the network. This is intended to make the network more resistant to censorship and attacks by large mining pools.

Use Cases:

Bitcoin SV is intended to be used as a digital currency for everyday transactions, as well as for large-scale, enterprise-level use cases such as micropayments, remittances, and supply chain management. Additionally, the large block size limit of 128MB will allow the BSV network to process a larger number of transactions per second, which will help to reduce transaction fees and make the network more suitable for use cases that require fast and efficient processing.

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It's important to note that the crypto market is constantly changing and the information provided might be different from the current situation, and it's always good to do your own research and due diligence before making any investment decisions.

Here are some additional technical details about the Bitcoin SV (BSV) project.

Scripting:

Bitcoin SV supports the use of a scripting language called "Script" to create smart contracts and other complex transactions. Script is a stack-based, Forth-like language that is similar to the original script language used in the Bitcoin network. Script allows for the creation of multi-signature transactions, time-locked transactions, and other types of complex transactions.

Replay Protection:

Replay protection is a mechanism that prevents transactions on one blockchain from being replayed on another blockchain in the event of a hard fork. Bitcoin SV has implemented a form of replay protection that uses a unique transaction format for BSV transactions. This means that transactions on the BSV blockchain will not be valid on the BCH blockchain, and vice versa.

Data Availability:

Bitcoin SV includes a feature called "Data Availability", which allows for the storage of arbitrary data on the BSV blockchain. This data is stored in the form of "OP_RETURN" outputs and can be used to create a variety of different types of dApps, such as digital identity and supply chain management.

Transaction Fees:

The Bitcoin SV project aims to keep transaction fees as low as possible. This is intended to make the network more suitable for use cases that require fast and efficient processing of large numbers of transactions