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The introduction of SegWit that would enable Lightning Network saw another chain emerge namely Bitcoin Cash. At the heart of these forks were debates related to how best to scale Bitcoin. Bitcoin Cash felt increasing block size was the best way to scale Bitcoin and opposed SegWit. SegWit was considered as a measure that would not only break Bitcoin as envisioned in the whitepaper but potentially its validity. The emergence of Bitcoin SV was on the 15th of November 2018 (block number 556766). Bitcoin sees its rebirth date as the 4th of February 2020 (Genesis Upgrade). Genesis upgrade was focused on realigning the protocol with Satoshi’s Whitepaper by correcting on the limitations introduced in Bitcoin. It restores the original Bitcoin protocol, will keep it stable, and allow it to massively scale. Bitcoin SV will maintain the vision set out by Satoshi Nakamoto’s white paper in 2008. Bitcoin SV is superior in payments. Ironically, many are still fervently searching for blockchain killer-app. Whereas, Satoshi in the abstract of the whitepaper describes ‘A purely peer-to-peer version of electronic cash” Additionally, in the introduction, emphasis is on supporting trustless internet commerce which must also be capable of supporting small casual transactions (micropayments). Bitcoin with its current 7 transactions per second capacity pales in comparison to the Bitcoin SV record of over 50,000 transactions per second reached in 2021, askgamblers best slots. Bitcoin SV focuses on unbounded scaling by allowing for bigger blocks. Bitcoin SV supports block sizes up to 4GB.
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