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What is BSV?

The full name of BSV is Bitcoin SV, where "SV" is the abbreviation of Satoshi Vision (Nakamoto Vision). Bitcoin SV offers a new full-node Bitcoin Cash (BCH) implementation designed to fulfill the vision originally set out by Satoshi Nakamoto in his Bitcoin white paper.

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What is the difference between BTC, BCH and BSV?

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BTC first

The main pursuit of BTC is to use the main chain as a value storage network and develop a payment network through the Lightning Network. BTC is actively developing the lightning network and side chains to realize the ideal.

The pursuit of BTC can be viewed from two levels. The first is to pursue that any ordinary user can run a full node. Proponents of BTC use this as proof that they are decentralized.

In order to ensure that ordinary users can run full nodes, BTC developers have worked hard on code optimization. The code quality of Bitcoin Core is the best among all encrypted digital currencies.

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followed by BCH

BCH pursues to be a world currency and an underlying platform for on-chain applications. BCH is actively deploying the expansion of the main chain and developing the two-layer network to realize the ideal.

The whole ecology mainly works from two aspects. The first direction is to expand the main chain, improve the payment experience and functions. Scaling is the guarantee to keep the determinism of currency transaction fees very low. Improving the payment experience, including the popularization of zero confirmation, pre-consensus, and possible shortening of the block time, etc., are all evolving towards a better payment experience. The main chain has perfect functions, including OP_Return expansion, token issuance, and adding new opcodes.

Although the function of the BCH main chain is expanded, BCH-based applications can be developed. The most famous ones are decentralized Weibo such as memo, paid torrent downloading applications such as JoyStream, decentralized encrypted communication such as keyport, and so on.

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And finally BSV

The ideal of BSV is also to be a world currency and an underlying platform for on-chain applications. The development idea of ​​BSV is to expand the main chain more radically, restore the protocol of the early version of Bitcoin, radically lift various code restrictions on the main chain, and expand the second-layer network.

In terms of expansion, there is nothing to say. It is the same as BCH.

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Why BSV suddenly skyrocketed

First, Wright submitted the third Tulip Trust court document, and the statement that he could get billions of dollars of Bitcoin private keys this month through "bonded express" has been accepted by more and more supporters.

Second, cryptocurrency proponent Clavin Ayre previously promised a big news about Bitcoin SV on January 11. Although he did not release the news in the end, it excited speculators.

Last week, the market capitalization of Bitcoin SV surpassed that of Binance Coin, the native token of major cryptocurrency exchange Binance, which delisted Bitcoin SV, and is now in the top four by market capitalization.

With only 19 days left before the deadline for the court to require Wright to provide access to Bitcoin, we still don’t know what will happen to Bitcoin SV when the tide goes out.

The editor thinks there is another reason, someone pulls the price.

"I personally think that there is no other reason for the skyrocketing of BSV. It is because some people are pulling the market. The status of CSW and new lawsuits are all secondary." Duan Qingzhang (pseudonym), a digital currency market researcher, said.

Twitter launched a survey called "Is BSV an ongoing exit scam?" According to the survey, a total of 2,646 people have voted so far, of which 57.8% chose "Yes" and 19.7% chose "No". In the eyes of many netizens, the puller may be someone in the community who wants to quit.

Under such a rising trend, should a dry leek chase the rise or wait and see?

In fact, not only BSV, but also LTC and Ripple have had such a "bizarre" experience. The price has been falling all the way, as if going straight to zero, but just when everyone thought it was going to go all the way to zero, it suddenly Salted fish turned over again.

When the price rose to a certain level, it even exceeded everyone's wildest imagination, and even the founders thought it was too crazy, and they all cleared their positions.

Whether it is true or not, I don't think it matters.

From an investment point of view, as we all know, those who own BSV may have made a lot of money when they fell into high selling. But those who miss it don't need to be jealous, after all, "you can't get into it if you don't understand it" is also the law of investment.

Follow the official Weibo of Beishu blockchain (WeChat ID: shuliancj), join the community and become a great master with me.

Follow the official Weibo of Beishu blockchain (WeChat ID: shuliancj), join the community and become a great master with me.

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