- This is a recommended upgrade from 1.0.8 is the 1.0.9 for Bitcoin SV
- The roadmap for Bitcoin SV outlines five key areas
About Bitcoin SV
Bitcoin SV is a full-node implementation of Bitcoin Cash (BCH). It will maintain the goal of Bitcoin outlined in Satoshi Nakamoto’s white paper from 2008: “Bitcoin is a digital asset that allows people to transact with one another anonymously.” Bitcoin is an electronic cash system that operates on a peer-to-peer basis.
The project’s name, “Satoshi Vision,” or SV, refers to its purpose to realize the vision of Bitcoin, and it reflects the “Satoshi Vision” or SV. Bitcoin SV was developed in response to a request by CoinGeek, a top BCH mining operation, and other miners. It is designed to provide miners with a clear BCH implementation choice while also allowing businesses to build applications and websites on it with confidence.
Bitcoin SV brings the original concept of Bitcoin back to life, igniting the cryptocurrency’s future.
According to the Bitcoin Cash team, a better user experience, lower merchant costs, and a higher level of security are all advantages of using Bitcoin Cash as a payment system. Businesses can trust the Bitcoin Cash brand to offer the reliability and scale that they want before committing money and resources to the BCH network.
The Bitcoin SV project was begun by nChain at the request of and with the sponsorship of Antiguan-based CoinGeek Mining, with development work beginning at the request of CoinGeek Mining. bComm Association, an Antiguan organization representing the worldwide Bitcoin Cash community, also owns the project. The Bitcoin SV code is made accessible under the MIT license, free and open to the public.
Bitcoin SV’s New Node Version
Bitcoin SV took to its official Twitter account to announce the release of the latest Bitcoin SV Node version.
Bitcoin SV Node version 1.0.9 has been released!https://t.co/7hdQ4QNdo6
— Bitcoin SV (@BitcoinSVNode) October 20, 2021
A recommended upgrade from version 1.0.8 is version 1.0.9; this new version brings improved safe mode processing, webhook notifications, the ability to block double-spend P2P notification messages, and the ability to freeze transaction outputs that are the target of double spends.
What to expect from Bitcoin SV?
The roadmap for Bitcoin SV outlines five key areas (wallets, client services, on-chain data, regulation and compliance, mining) and five key streams (SPV client tools, SPV client services, data and token interoperability, FATF compliance, mining interoperability) on which the Bitcoin SV Technical Standards Committee, TSC will concentrate its efforts over the next two years. The TSC will focus its efforts on these areas and streams over the next two years. Additionally, the roadmap includes several suggested standards, as well as prior art considerations. This demonstrates that there is widespread support for standardization across the BSV community.
BSV’s current price is $171.84, and it has a 24-hour trading volume of $126,895,218,170. While the coin’s share price dropped by 2.62% in the past 24 hours, it currently ranks #50 on CoinMarketCap, with a live market capitalization of $2,547,341,907,934