According to nChain, Bitcoin Satoshi Vision, a new fork of Bitcoin Cash, is almost ready to launch. The startup has already released a preliminary version of the software product. The beta version of Bitcoin SV has been tested for about five weeks and is now ready for launch with a few technical changes. As part of these changes, Windows support was removed.
Steve Shadders, the project's technical director, said that Bitcoin SV is intended for miners, exchanges and commercial companies that do not need Windows support and therefore do not need to add unnecessary features. Bitcoin SV is radically different from Bitcoin Cash in block size, the first has a block size of 128 megabytes, the second - 32. The block size of the primary Bitcoin is only one megabyte, which is why the network works so slowly and therefore Bitcoin Cash was created, which solved this problem. If you check how much memory these large blocks actually use, then for Bitcoin Cash it is a little more than one megabyte, and the largest recorded amount of data was about five megabytes. So why make such large blocks?
Jimmy Nguyen, CEO of nChain, explained at the Bangkok Summit that as rewards decrease, there is an economic need to create large blocks.
We want to remake the original Bitcoin protocol so that companies can actually rely on the network. We want to promote rapid adoption around the world, not only as a payment system, but also as a means for large companies to do business, which will bring the necessary profit to the miners.
Supporters of the Bitcoin SV project include: nChain, a Bitcoin Cash research center owned by Australian programmer Craig Wright, who last year declared himself the real Satoshi Nakamoto, and CoinGeek, a large mining pool for mining Bitcoin Cash, which is owned by Canadian businessman Calvin Ayre. The project is opposed by the Chinese Bitcoin mining giant Bitmain.
Roger Ver, CEO of Bitcoin.com and Bitcoin Cash evangelist, said at the Summit that he does not yet know which network Bitcoin.com is on. Roger admits to being a proponent of separating networks if the majority believes it is appropriate.
I don't think the difference between these particular networks is significant enough to justify separating them.
However, after launch, both forks will be listed on exchanges.
According to https://www.financemagnates.com
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