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BTC, BCH and BSV: Which is the Original Bitcoin?

Guest Post

There has been an upheaval in the Bitcoin community a few years back, and this engendered the separation of Bitcoin into three factions: Bitcoin Core (BTC), Bitcoin Cash (BCH), and Bitcoin SV (BSV). 

Many are now confused as to which one to invest in and which one is the original Bitcoin. This article will provide a brief explanation as to which Bitcoin is the best bet to place your hard-earned money in.

Bitcoin Protocol Forks

BTC is the original ticker symbol for Bitcoin; however, this does not mean that it is indeed the original Bitcoin. In 2017, BTC split and BCH was formed thereafter, because BTC proponents did not want to scale its tiny 1MB block size, and instead, wanted to record transactions off the blockchain, which involves changing the original Bitcoin protocol.

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After 15 months, BCH again forked due to scaling and protocol issues, and Bitcoin SV was established. BCH refused to scale its 32MB block size and implemented changes to the supposedly fixed Bitcoin protocol in order to create a more anonymous network that transactions become untraceable by authorities. CEO Roger Ver even said in a video that his vision for the BCH blockchain is that of a permissionless network that people can use to gamble and buy illegal drugs without being accountable for these crimes. Since then, BCH has introduced several protocol changes that only served to weaken its blockchain, and again, led to another fork in their community.

The Original is the Best

Since its founding in 2018, Bitcoin SV, with SV standing for Satoshi Vision, has made it its goal to restore the original Bitcoin as designed by Dr. Craig S. Wright a.k.a. Satoshi Nakamoto in his white paper. In 15 months, Bitcoin SV released the Genesis Upgrade, which restored the Bitcoin protocol as closely as possible to the original, unlocking its potential for unbounded scalability. The upgrade further enhanced BSV security to one never before seen in cryptocurrency history. It also established a law-abiding mindset, because as Dr. Wright stated before, Bitcoin has to work within the law for it to be valid. 

 A set-in-stone protocol gives stability to the network and limitless scaling allows for the BSV blockchain to handle big data, making it possible for global enterprises to build platforms and applications on it. The BSV blockchain can be used by businesses from all over the world as it provides real-time access to global data. Where the Internet has created a world that is online, so will Bitcoin SV design a universe that can be on-chain. Bitcoin SV is truly the original Bitcoin as it is fully on its way to fulfilling Dr. Wright’s vision of creating a global chain that can lead the world

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.