The driving force behind BSV is a commitment to maintaining…
The driving force behind BSV is a commitment to maintaining the original Bitcoin protocol as closely as possible. The project's proponents argue that the original design was already perfect for global scaling and that subsequent changes made to the Bitcoin (BTC) protocol—such as the introduction of Segregated Witness (SegWit)—deviated from this path.
BSV’s core pillars are:
Stability: The BSV association aims to keep the base protocol "locked," providing a stable foundation for businesses and developers to build upon without fear of future, underlying changes that could disrupt their applications.
Scalability: BSV believes in on-chain scaling, meaning that the network should handle all transaction volume directly on the main blockchain, rather than relying on layer-2 solutions like the Lightning Network used by BTC.
Low Fees and High Speed: By allowing massively large block sizes, BSV aims to process millions of transactions per second (TPS) with transaction fees costing fractions of a cent. This makes it suitable for micro-transactions and everyday cash use.
A Global Data Ledger: BSV is not just seen as money. Its massive scaling capabilities allow it to act as a public, immutable ledger for all types of data, from supply chain tracking to social media posts and healthcare records.