Maybe it doesn’t happen on Coinbase, but being available to trade on a cryptocurrency exchange is the beginning of a dream. Today, the new cryptocurrency exchange Cryptofacil announced that Bitcoin SV is now available for trading. While this is not a Bitcoin SV Coinbase list. It’s still a big deal. Getting a Coinbase list is the American dream for any cryptocurrency. While Coinbase hasn’t fully listed Bitcoin Cash SV yet, listing on the Latin American stock exchange is a step in the right direction. It shows that Bitcoin SV is slowly solidifying its stake and is gaining more acceptance in the cryptocurrency market.
In addition to listing Bitcoin SV, Cryptofacil also combined it with 5 different currencies including BTC, ETH, USD and USDT. Following the announcement, the press asked the exchange rep why they decided to add the Bitcoin SV token. In response, the representative said:
“BSV is a top 15 token in terms of market cap and has a large community that supports its vision and technology.”
Even if the Bitcoin Cash Sv community is led by one of the most controversial figures in space, Craig Wright, there is a strong list of believers who support it. Craig Wright and the rest of the Bitcoin SV community have done a lot of work promoting the adoption and development of the Bitcoin SV token. The exchange continued;
“We are a Bittrex partner and work very closely with the Digital Assets team. We saw the trading volume of the various BSV pairs and wanted to enable our users to trade with them as well. “
On the Bitcoin SV news, the exchange also said that the low transaction costs on the BSV network were another factor that influenced their decision to list the token. Since the company operates in areas with no bank accounts, adding tokens that are affordable for transactions is a good strategy. This is another reason the exchange is launching a special offer in April.
Bitcoin SV Price Prediction: Bitcoin Cash SV Price Today
Note that Bitcoin SV is an acronym for Bitcoin Satoshi Vision. Proponents claim that it is the only bitcoin in existence that currently uses the original protocol of Satoshi Nakamoto, the anonymous creator of Bitcoin. In the battle for the only bitcoin, Bitcoin SV competes with Bitcoin Cash, Bitcoin Core and Bitcoin Gold.
Bitcoin Cash (BCH) Price Today – BCH / USD
While Bitcoin SV is nowhere near Bitcoin and Bitcoin Cash per price per market cap, it has found relative stability lately. The long negative price forecast for Bitcoin Cash SV is now positive. At the time of writing, Bitcoin SV was trading at $ 64.1. This shows that it is down 1.52% against the USD and 0.29% against BTC. The 24-hour trading volume is $ 115,627,423 and the market cap is $ 1,133,917,873 per Coinmarketcap.com.
What You Need To Know About Bitcoin SV – The New Top 10 Cryptocurrency
Months after the Bitcoin Cash fork war, there are still some who don’t know what Bitcoin SV is, despite the hype from Craig Wright and his Bitcoin SV development team. Just in case you’re one of those people, let’s answer the question. What is Bitcoin SV or Bitcoin Cash SV? Bitcoin SV is the cryptocurrency created during the Bitcoin Cash Fork War last year when the development team refused to reach consensus on the network update. This led to the chain being split into Bitcoin Cash ABC (current Bitcoin Cash) and Bitcoin SV. Since then, Bitcoin SV has made steady progress in the field of cryptocurrency.
Bitcoin SV or Bitcoin Satoshi Vision is the latest cryptocurrency to enter the market and it has a significant impact in this process as well. Yesterday, Bitcoin SV entered the top ten cryptocurrencies by market capitalization after its market capitalization rose sharply. Today, Bitcoin SV continues to be high in the rankings, proving that this cryptocurrency is more than just a fad. It is now a serious competitor to Bitcoin Cash.
What is Bitcoin Satoshi Vision?
Bitcoin SV is the result of the recent Bitcoin Cash hard fork which saw a forced upgrade to the Bitcoin Cash blockchain. As a result of this fork, part of the chain had to take a new direction. This new direction is now known as Bitcoin SV and has been in the works for months.
What is Satoshi’s vision?
For those who don’t know, Satoshi’s vision refers to the original idea behind creating Bitcoin. This is where things get complicated. The alleged creator of Bitcoin and cryptocurrency is a person (or group of people) by the name of Satoshi Nakamoto. Now nobody knows who Satoshi Nakamoto is. However, thanks to the documentation that included the creation of Bitcoin, we know that Satoshi had a vision for a global cryptocurrency that was decentralized and gave control back to people. Satoshi had an almost Marxist vision and saw that power could be returned to “the people” if they seize the means of currency production. This eventually led to the development of Bitcoin as we know it today (it’s a little more complicated, of course, but I hope you now have a basic idea).
During the Bitcoin lifecycle, we’ve seen the creation of Bitcoin Cash as the result of a tough bitcoin fork that has now resulted in the creation of Bitcoin SV, a version of Bitcoin that claims to want to rediscover Satoshi’s original vision and become the one worldwide most popular and widely used, fully decentralized cryptocurrency with a hard fork made of Bitcoin Cash. Note that these hard forks are common, so this is not an uncommon occurrence.
Bitcoin SV’s true vision now focuses on four key areas that aim to make Bitcoin SV better than Bitcoin Cash and Bitcoin.
Should You Invest in Bitcoin SV?
As you can see, the Bitcoin SV team is totally focused on what it wants to achieve in the future. The team will be brave in its forward moves and really want to bring the entire “Bitcoin” culture closer to the goals first set by Satoshi Nakamoto, whoever that is. The roadmap for Bitcoin SV continues to highlight the four key areas the team will explore and sets out a clear plan for Bitcoin SV development through Q2 2019. While it’s a short roadmap, we expect it to be expanded over time and more details will be added as the Bitcoin SV team calms down and plans for the future.
Right now, we expect this cryptocurrency to remain a little unstable and therefore it is unlikely to be in the top 10 cryptocurrency in the long run. That being said, however, you have to admit that what we’ve seen from Bitcoin SV this week is pretty impressive. Source: Cryptodaily
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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.