Bitcoin SV (BSV) Hits Market Cap of $798.88 Million

Bitcoin SV (BSV) traded down 3% against the U.S. dollar during the 1-day period ending at 19:00 PM E.T. on January 25th. Bitcoin SV has a market cap of $798.88 million and $76.22 million worth of Bitcoin SV was traded on exchanges in the last day. One Bitcoin SV coin can currently be purchased for $41.47 or 0.00179348 BTC on major exchanges. In the last week, Bitcoin SV has traded down 3.1% against the U.S. dollar.

Here is how related cryptocurrencies have performed in the last day:

  • Bitcoin (BTC) traded up 2.1% against the dollar and now trades at $23,120.14 or 1.00000000 BTC.
  • Bitcoin Cash (BCH) traded up 3.2% against the dollar and now trades at $132.03 or 0.00571078 BTC.
  • eCash (XEC) traded up 6.7% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Arweave (AR) traded up 6.3% against the dollar and now trades at $10.35 or 0.00044756 BTC.
  • Syscoin (SYS) traded up 3.5% against the dollar and now trades at $0.16 or 0.00000674 BTC.

Bitcoin SV Profile

Bitcoin SV is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It launched on November 15th, 2018. Bitcoin SV’s total supply is 19,266,077 coins. The official website for Bitcoin SV is bitcoinsv.com. Bitcoin SV’s official Twitter account is @bitcoinassn and its Facebook page is accessible here.

According to CryptoCompare, “Bitcoin SV (BSV) emerged following a hard fork of the Bitcoin Cash (BCH) blockchain in 2018, which had in turn forked from the BTC blockchain a year earlier.The goal of Bitcoin SV is to fulfill the original vision of the Bitcoin protocol and design as described in Satoshi Nakamoto’s white paper, early Bitcoin client software and known Satoshi writings. BSV 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 deliver a distributed data network that can support enterprise-level advanced blockchain applications.To this end, it has removed artificial block size limits and re-enabled Script commands and other technical capabilities which had been historically disabled or restricted by the protocol developers of the BTC blockchain. This allows the network to process tens of thousands of transactions per second while maintaining extremely low transaction fees for micropayments, in addition to offering advanced capabilities such as tokens, smart contracts, computation and other data use cases.The BSV network is unique in its capacity for unbounded on-chain scaling while also being more aligned with the original design of Bitcoin than any other blockchain.Alternative website: https://www.bitcoinsv.io/”

Buying and Selling Bitcoin SV

It is usually not presently possible to purchase alternative cryptocurrencies such as Bitcoin SV directly using US dollars. Investors seeking to acquire Bitcoin SV should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Bitcoin SV using one of the exchanges listed above.

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