Wright is Right? Bitcoin SV Surpasses Bitcoin’s Daily Transaction Volume

The daily transaction volume of Bitcoin SV (BSV) has surpassed the same parameter for Bitcoin on November 12 and has maintained its dominance.

According to Bitinfocharts.com, the Bitcoin SV network handled 396,000 transactions on December 1, while the original Bitcoin Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term only saw 274,000 transactions.

Bitcoin SV 'Quasar' Protocol Upgrade continues, unlocking the MASSIVE On-Chain Scaling Power that was always possible with the original Bitcoin

Amount of Daily Transactions of #BitcoinSV surpasses #BCH & #BTC Miners PROFIT with #BSV by earning Fees !!!https://t.co/KGlIbdroGD pic.twitter.com/hQXMnRUPhu — BSVBoom ?? (@BSVBoom) December 2, 2019

Original Bitcoin?

Promoted by self-proclaimed Satoshi Nakamoto Satoshi Nakamoto “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi Read this Term, Craig Wright, Bitcoin SV hit the market last year after a chain split from the Bitcoin Cash network. Wright’s version increased block sizes from 32MB to 128MB, amongst a number of other significant changes.

The increased block size vastly increases the Bitcoin SV network’s potential to quickly process transactions, which is supposed to make the Bitcoin SV network function like the Bitcoin network was originally supposed to operate–as a network for everyday transactions rather than an investment opportunity.

Though over the last one year, Bitcoin BSV transaction volume surpassed Bitcoin’s for a number of times, none were steady enough to maintain it for such a long time, mostly being spikes.

According to Coinmarketcap.com, Wright-endorsed coin is being traded at $100 apiece, as of press time, and is trading flat in the spot market for the last week. The coin touched its peak value at $237 in June after a month-long rally and is currently holding a market cap of over $1.8 billion.

Meanwhile, due to the coin’s association with Craig Wright, one of the controversial figures in the crypto industry, multiple exchanges, including Binance delisted the coin earlier this year.

In an interview with Finance Magnates, Jimmy Nguyen, the former CEO of nHash, discussed the then 10-month old ecosystem of Bitcoin SV and its ties with Wright. He also clarified that the digital currency is much bigger than the tainted reputation of Wright.