Bitcoin and Bitcoin SV have been removed from Binance’s list of cryptocurrencies traded. Despite the controversy surrounding Bitcoin SV, the networks have been quite active lately. Although Bitcoin SV claims to be a safer, more stable and cost-effective alternative to Bitcoin. Data from Coin Metric shows that it is a rugged network. Separate data from Blockchain shows mining difficulties have eased in recent months. This reflects the fact that fewer machines are available to support the BSV network than in previous years.
Coin Metrics points out that Bitcoin SV’s market bias does not detract from its performance. This is against other cryptocurrencies such as Bitcoin Cash and Litecoin. As well as its price.
On September 8, BSV reached a record market capitalization of $1.2 billion. Bitcoin SV is rated in the top 10 cryptocurrencies, and its price and capitalization are both very high.
As a result, Bitcoin SV attracts many traders and investors, which only increases the value of the coin. The project name reflects the mission to fulfill the vision of Bitcoin and represents Satoshi’s vision for SV.
The BSV Roadmap hopes for secure, immediate transactions. This would enable countless companies and platforms to innovate and use the technology on the network. By increasing the block size, Bitcoin SV aims to give miners a clear choice and allow companies to build applications and websites on it. Besides creating a leading alternative to the current BCH (Bitcoin Cash) protocol and Bitcoin Unlimited (BUN). Bitcoin SV will also create a new, more secure and efficient version of the Bitcoin network and provide miners with clear choices. It is intended to provide miners with clear BCH implementation opportunities. And also clear options for the future of Bitcoin and the development of a more stable and secure network.
With a daily volume of more than $200 million, many choose to buy and sell Bitcoin SV. Its market capitalization positions it among the top 10 of all cryptocurrencies.
In the future, many other exchange platforms could consider listing and allowing trading on the BSV. For example, on the cryptocurrency exchange Poloniex. It offers BCH ABC futures at 260 dollars, while BCh SV futures are traded at over 220 dollars, and on Mt. Gox, a cryptocurrency trading platform with over 1.5 million users.
At present, the largest Bitcoin cash mining pools support Bitcoin SV. While the Bitcoin ABC hard fork is considered irrelevant evidence by its proponents on social media. It appears that the majority of miners in the BCH ABC mine pool and on Mt Gox seem to favor it, according to a survey by Bitstamp.