Bitcoin SV

Bitcoin SV is a layer-1 proof-of-work blockchain that emerged in 2018 when it split from Bitcoin Cash, which had itself split from Bitcoin a year earlier. It is designed to restore what its developers describe as the original Bitcoin protocol, positioning the network as a peer-to-peer electronic cash system capable of handling enterprise-scale data and transaction volumes. The intended users range from individuals making small payments to businesses building applications that require high transaction throughput and low fees directly on-chain.

Bitcoin SV uses the SHA-256 proof-of-work consensus algorithm, the same cryptographic standard as Bitcoin, where miners compete to validate blocks and add them to the chain in exchange for newly issued BSV and transaction fees. The protocol removes block size caps, allowing the network to process very large numbers of transactions per second while keeping individual fees low enough for micropayments. BSV also re-enables Script commands that were previously restricted on the Bitcoin blockchain, supporting tokens, smart contracts, and other data-intensive applications natively on-chain.

Miners earn revenue from two sources: block subsidies paid in newly issued BSV and fees paid by users for each transaction they submit to the network. The data provided does not include a fee-rate figure, so no specific fee yield or protocol revenue can be reported here. What the supply figures do show is that 99.9998 percent of the total possible supply has already been issued at this point in time, with only 0.000202 percent of supply still pending issuance, meaning the block subsidy portion of miner income will continue to shrink as the cap of 21,000,000 BSV is approached. The fully diluted valuation is effectively equal to the current market capitalization, reflecting how little remaining issuance there is.