Bitcoin SV

Bitcoin SV is a layer-1 proof-of-work blockchain that emerged from a hard fork of Bitcoin Cash in 2018, itself a fork of the original Bitcoin network. It is designed to serve as a peer-to-peer electronic cash system and a distributed data network capable of supporting enterprise-scale applications, aiming to follow the original design described in Satoshi Nakamoto's white paper. Its intended users range from individuals making small-value payments to businesses running data-intensive applications on a public blockchain.

Bitcoin SV uses a SHA-256 proof-of-work consensus mechanism, meaning miners compete to solve cryptographic puzzles and add blocks to the chain, with BSV awarded to the winning miner as compensation. The protocol removes block size caps, allowing the network to process large volumes of transactions, and re-enables scripting commands that support tokens, smart contracts, and other on-chain computation. BSV is the native token used to pay transaction fees and to compensate miners who secure the network.

Transaction fees paid by users to miners are the primary economic mechanism of the network; miners receive both newly issued BSV from block rewards and fees attached to transactions they include in blocks. The circulating supply stands at 20,097,418.75 BSV against a maximum supply of 21,000,000, meaning 95.70% of the maximum supply is already in circulation at this point in time, with dilution overhang recorded at 0.0%, indicating no additional issuance beyond the protocol schedule is pending. Because no fee-revenue figures are stored in this dataset, this site does not carry fee-based valuation measures for BSV.