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Bitcoin SV (BSV) is an independent public blockchain that emerged after the 2018 hard fork of the Bitcoin Cash (BCH) blockchain. Due to the inability to reach a consensus on how to best develop BCH and deploy updated code, the nChain development team supported by Craig Wright, who claims to be "Satoshi Nakamoto," and the gambling industry tycoon Calvin Ayre, failed in the hash power battle, and the BCH SV side relinquished the naming rights to BSV. The fork resulted in the original BCH chain and the BSV chain, with BSV being born.

BSV aims to provide a scalable and usable blockchain platform, offering efficient payments and distributed data applications for consumers, businesses, and government users. The goal of Bitcoin SV is to realize the original vision described in Satoshi Nakamoto's whitepaper, early Bitcoin client software, and known works by Satoshi Nakamoto. BSV aims to provide scalability and stability in line with the original description of Bitcoin as a peer-to-peer electronic cash system, while also offering a distributed data network that can support enterprise-grade advanced blockchain applications.

To achieve this, it removes artificial block size limits and re-enables script commands and other technical features that were disabled or restricted by protocol developers of the BTC blockchain in the past. In addition to providing advanced features such as tokens, smart contracts, computation, and other data use cases, this enables the network to process tens of thousands of transactions per second while maintaining extremely low fees for small-value payments.

The unique aspect of the BSV network lies in its ability to infinitely scale on-chain while remaining more true to the original design of Bitcoin than any other blockchain.In 2022, the BSV network set several world records Including regularly over millions of transactions per day, the largest block (+ 4GB), the largest NFT (1GB), and the lowest environmental impact record of any Proof of Work (POW) chain.

As of 2024, Bitcoin SV (BSV) continues to focus on its goal of scalability and stability, aiming to become a blockchain capable of supporting large-scale enterprise applications. One of its key achievements is the ability to handle massive transaction volumes with extremely low fees, making it suitable for businesses, governments, and consumers alike. The BSV network has consistently broken records, including the processing of over a million transactions daily and producing the large