Bitcoin SV has been under the hammer of rogue actors in a series of attempted 51% attacks against the network. Where next for BSV?
Bitcoin SV News
Bitcoin Satoshi’s Vision (BSV) is the result of a November 2018 hard fork of the Bitcoin Cash blockchain, which itself is a hard fork of the original Bitcoin chain that took place in August 2017. This network claims to represent the purest form of Satoshi Nakamoto’s original vision of the Bitcoin protocol.
Bitcoin SV’s monetary policy is identical to Bitcoin Cash (BCH) and Bitcoin (BTC), with the same block times, block rewards and supply cap, but it differs from both in notable ways. Like Bitcoin Cash, Bitcoin SV’s scalability solutions center on increasing the block size, which allows more transaction throughput while sacrificing accessibility to the mining economy through an even heavier computational load. The Bitcoin SV fork from Bitcoin Cash was the result of a debate within the Bitcoin Cash community on a set of improvement proposals to make transactions and on-chain operations more efficient.
Bitcoin SV’s development is led by nChain, a blockchain R&D company headed by Craig Wright, who notoriously claims to be Bitcoin inventor Satoshi Nakamoto.
“After an attempted attack yesterday, some serious hashing power was unleashed today at 11:46 am and attackers are succeeding,” said Lucas Nuzzi of Coin Metrics, referring to the Bitcoin SV chain.41354
The owner of the crypto exchange Bitmart has asked a New York judge to intervene to prevent hackers from selling fraudulent coins on the open market.2682
Apart from removing the white paper, Cøbra has removed access to Bitcoin software for site visitors from the United Kingdom.6336
Nassim Taleb and Nouriel Roubini criticized tokens in general during a BSV conference panel.6332
Experts say DOGE traders rotating profits into Robinhood-listed altcoins could be behind the rally in LTC, BCH and ETC.33992
The mining subsidiary of Japanese financial conglomerate SBI Holdings is opening its pool services to institutional and retail customers alike.8630
OKCoin cites actions antithetical to Bitcoin's open ethos as the reason for delisting BCH and BSV16654
Altcoins are surging higher as Bitcoin price consolidates and the prospect of a $3 trillion economic stimulus package sparks confidence in crypto investors.51007
After today’s sharp downside move, Bitcoin and altcoins could trade in a sideways range as bulls and bears fight to control the market’s momentum.52249
Bitcoin price continues to chase after $30,000 but continued rejections below the key level are negatively impacting altcoin prices.53366
The interview with Bitcoin SV advocate Jimmy Nguyen on Fox Business came to an abrupt end after only two minutes.8544
Bitcoin could consolidate for a few more days as the action shifts to Ether, XRP and other large-cap altcoins.46199
Bitcoin price is back on the path to a new all-time high, and it seems altcoins intend to follow suit.37258
Bitcoin price looks ready to consolidate after reaching a new 2020 high and altcoins may attempt to recover from their sharp losses.31046