About Bitcoin SV
What is Bitcoin SV (BSV)?
Bitcoin SV is a cryptocurrency that emerged from the Bitcoin Cash chain split in November 2018. SV stands for Satoshi Vision. BSV shares the earlier transaction history of Bitcoin and Bitcoin Cash, but follows its own chain and network rules after the split. BSV is the native coin used to transfer value and pay transaction fees on that network. It is not BTC or BCH, and the three assets have separate balances and market prices.
What is BSV used for?
BSV supports payments and applications that record information on a public blockchain. Its development approach emphasizes larger blocks and processing transactions on the base chain. Proposed and implemented uses include small payments, token issuance and timestamped records. For example, an application can record a document's fingerprint to help demonstrate that a particular version existed when the transaction was included in a block. Such a record does not, by itself, prove that the document's contents are true.
How does the Bitcoin SV network work?
BSV uses proof-of-work mining with SHA-256 hashing. Miners assemble transactions into blocks, and the network targets an average block interval of about ten minutes; individual blocks can take more or less time. Transactions spend previously received outputs and create new outputs, including change returned to the sender. Wallets supply the signatures needed to authorize spending. A payment gains its first confirmation when it enters an accepted block, then further confirmations as later blocks are added.
Are BSV transactions private?
BSV has a public transaction ledger. Transaction amounts and the links between spent and newly created outputs can be inspected. Addresses do not normally display a person's name, but that does not make payments anonymous: an address shared publicly or connected to a service account can reveal who controls it. Using new addresses reduces direct address reuse without hiding the transaction history. BSV should not be treated as a privacy coin with default confidential transfers.
How is the supply of BSV managed?
BSV retains the inherited mining-subsidy schedule: an initial reward of 50 coins per block, halved every 210,000 blocks. The scheduled issuance approaches a maximum of approximately 21 million BSV. Each coin is divisible into 100 million satoshis. Miners also collect transaction fees, which transfer existing coins rather than create additional supply. The supply limit includes coins created in the shared history before BSV separated; a new supply of 21 million coins did not start at the 2018 split.
Where can I trade BSV, and which network should I use?
NonLogs offers BSV/USDT, BSV/BTC and BSV/XMR. Each pair quotes one BSV in the second currency. Check its current order book before trading: the reference price on this information page is not a guaranteed execution price. For deposits and withdrawals, select Bitcoin SV mainnet and use a BSV-compatible wallet. Some legacy address formats are shared with other Bitcoin-family chains, so an address's appearance alone cannot confirm the network. Copy the address from your current BSV deposit page, check the stated minimum and confirmations, and do not send BTC, BCH or tokens to it.