This article originally appeared on blog.sfox.com.
Nearly a year ago in November 2018, Bitcoin SV (BSV) emerged from a chain split of Bitcoin Cash. This occurred after the Bitcoin ABC development team (which has the leading software implementation of the BCH protocol) implemented new consensus rules that Bitcoin SV supporters believed deviated from the original Bitcoin protocol. The dispute triggered the world’s first Bitcoin hash war, which was resolved when Bitcoin SV continued as its own persistent chain.
The ‘SV’ in ‘Bitcoin SV’ stands for ‘Satoshi Vision’, which represents chain supporters’ goal of returning to what they see as the original Bitcoin protocol which the pseudonymous Satoshi Nakamoto outlined in the Bitcoin white paper and other early writings. In so doing, they intend to create a massively scaled blockchain to serve two functions:
- A peer-to-peer electronic cash system with fast transactions and low fees, even for micropayments that are typically too small to be feasible with current payment systems.
- A global data ledger that supports a broader set of business use-cases beyond financial transactions, ranging from tokenized assets, to an auditable ledger for supply-chain management, to a new commercial Internet called “the Metanet” where users make and receive micropayments for online engagement.
Initially, the Bitcoin SV community moved towards these goals by increasing the blockchain’s block-size limit from Bitcoin Cash’s 32 MB limit to 128 MB and re-enabling opcodes from Satoshi’s first implementation of Bitcoin that had subsequently been removed. (Opcodes are the set of commands that provide Bitcoin with a limited scripting capability.)
In July 2019, Bitcoin SV protocol developers scaled up the network further by increasing the blockchain’s maximum block-size limit to 2 GB. They ultimately aim to reorient Bitcoin SV block size around miners’ economic incentives; the first step towards this has been developers explicitly encouraging miners to set their own desired block-size limits within the present 2 GB limit, and the second step will be completely removing the default block-size limit in February 2020, relying entirely on miners to set the limit for each block.
Beyond these technical changes, Bitcoin SV also seeks to build a regulation-friendly ecosystem. BSV ecosystem participants believe that responsible regulation and proactive laws are necessary to protect consumers, win institutional investment, earn enterprise confidence, and grow the blockchain sector. In this spirit, BSV leaders provide guidance to government officials, comment on draft legislation, and seek to educate legislators and government agencies about how to responsibly regulate cryptocurrency businesses while still encouraging innovation.
For Bitcoin SV to achieve its goals, though, it’s not enough to just get the technology and regulatory compliance right — those are simply the first steps. Cryptocurrencies are built around communities of people and compound growth through network effects. The success of Bitcoin SV in realizing its ambitious vision is dependent on the strength of the community around the project.
We’ve rounded up all the current Bitcoin SV resources out there. Whether you’re trying to learn about the cryptocurrency for the first time or you’re trying to find the right places to expand your growing BSV network, this guide has something for you.
Table of Contents
🌱 Leading Voices
- Dr. Craig S. Wright is the Chief Scientist at nChain, a blockchain advisory, research, and development firm focused on the continued advancement of Bitcoin SV. Wright was formerly the CEO of Hotwire PE, which planned on launching the first Bitcoin-based bank, as well as the founder of Panopticrypt, an IT security firm. As SFOX discussed in conversation with Jimmy Nguyen, Wright claims to be Bitcoin creator Satoshi Nakamoto.
- Calvin Ayre is a prominent supporter of Bitcoin SV. Ayre owns CoinGeek, which operates a large Bitcoin SV mining group, cryptocurrency news site, and events. He also invests in Bitcoin SV ventures. In addition, Ayre is the founder of the Ayre Group and the Bodog entertainment company.
- Jimmy Nguyen is the Founding President of the Bitcoin Association, a global industry group supporting businesses and developers in the BSV ecosystem, and acts as a global ambassador for Bitcoin SV. He is also the Chair of the Strategic Advisory Board for nChain Group (and its former CEO). Formerly, Nguyen worked as an IP and digital technology lawyer in the U.S. for 21 years.
💻 Key Developers
- Daniel Connolly is the Lead Developer of the Bitcoin SV Node project (the development group for the Bitcoin SV full node client software). Connolly has an extensive background in enterprise software and IT engineering, including 20 years developing secure, efficient, and reliable enterprise solutions for United Nations organizations.
- Steve Shadders is the Technical Director of the Bitcoin SV Node project and the Chief Technology Officer at nChain. Shadders has been a contributor to Bitcoin infrastructure since 2011; he is one of the first authors of the open-source mining pool software “PoolServer” and was at the forefront of implementing new features such as merged mining and local coinbase generation that are in common use today. Shadders was also one of the earliest contributors to Mike Hearn’s Bitcoinj project.
- The BitcoinSV.io News section is the official source of news announcements from the Bitcoin SV Node team.
- Bitcoin Association is the global industry organization for the businesses running on Bitcoin SV, and it also manages the Bitcoin SV Node project. It provides a “BSV Weekly” update and a “Bitcoin Vision” video series providing developments in the Bitcoin SV ecosystem, as well as publishing other news announcements.
- CoinGeek is a cryptocurrency news site owned by Calvin Ayre, a prominent Bitcoin SV miner and supporter.
- Cointelegraph is a leading publication of all things cryptocurrency, including BSV.
- CryptoSlate is a Seattle-based publication focused on news, analysis, and event awareness for the crypto sector worldwide.
⛏ Public Mining Pools
The following are public mining pools that mine or have mined Bitcoin SV. Public pools are available for miners to join.
- SVPool is a public Bitcoin SV mining pool, which is an initiative of Craig Wright.
- Mempool is a China-based public mining pool.
- Poolin is a China-based public mining pool.
- Prohashing is a Pennsylvania-based public mining pool.
- ViaBTC is a China-based public mining pool.
⛏ Private Mining Pools
The following mine Bitcoin SV, but they are private groups and do not accept miners from the public.
- CoinGeek is a mining group operated by prominent Bitcoin SV supporter Calvin Ayre.
- BMG Pool is a mining group operated by nChain.
- SFOX provides an institutional-grade wallet for Bitcoin SV, along with other digital assets. SFOX’s wallet includes features such as 2FA/U2F support and distinct permissions levels for accounts with people of varying roles managing funds.
- ElectrumSV is a desktop wallet designed specifically for Bitcoin SV. ElectrumSV comes with a coin-splitting feature that allows users to get BSV from any BCH they may have owned pre-fork. It also allows users to store their BSV on certain hardware wallets that don’t natively support BSV.
- Exodus is a desktop wallet that supports over 100 digital assets, including Bitcoin SV. It includes a built-in exchange powered by ShapeShift, as well as a mobile application.
- Centbee is a mobile wallet and emerging merchant ecosystem that is built around Bitcoin SV. It makes it easy for users to send and receive BSV transactions by using their contacts’ phone numbers.
- Atomic Wallet is a desktop wallet that supports over 500 cryptocurrencies, including Bitcoin SV.
- Edge is a mobile wallet that has a focus on security. It allows users to easily manage, transfer, and exchange their currencies. It supports many different cryptocurrencies, including Bitcoin SV.
- Guarda offers a multi-currency wallet in web, desktop, and mobile versions, allowing users to receive, store, send, and exchange coins. It supports many different cryptocurrencies, including Bitcoin SV.
- HandCash is a mobile wallet and emerging business API ecosystem built around Bitcoin SV. It makes it easy for users to send and receive BSV using $handles (user handle names), make contactless payments in stores, and provides an API to connect to apps and games.
- Money Button is an online wallet that makes it easy for consumers to make and receive payments with BSV. It was designed to make enabling, sending, and receiving micropayments “as easy as clicking [or installing] the Facebook ‘like’ button.” Users make and receive BSV payments by swiping a button, and developers can easily integrate Money Button into websites and apps. Money Button is already integrated into, and used by, many other BSV applications.
- Pixel Wallet is a mobile wallet that only supports BSV. It allows users to send BSV to anyone using picture/image files, which are embedded with BSV.
- RelayX SuperWallet is a mobile wallet that enables individuals and businesses to globally send and receive money with anyone on any platform. It supports BSV.
- SimplyCash is a mobile wallet that designed specifically to allow users to easily send and receive BSV. It now supports basic offline signing, which means that an offline mobile phone can be used as a cold storage wallet.
The following hardware wallets do not natively support Bitcoin SV, but they can be used in conjunction with the Electrum SV desktop wallet for users to access and use BSV.
- The Ledger Nano S, Blue, and Nano X are hardware wallets boasting independently-certified security standards.
- The Trezor Model T and One are security-audited hardware wallets with strong cross-wallet compatibility and a password manager.
- BitBox01 is a “minimalist” hardware wallet that doubles as a U2Fsecurity device.
- KeepKey is a hardware wallet with a large display and built-in integration with the ShapeShift crypto exchange.
📱 Applications & Services
The BSV ecosystem is rapidly growing. Here are resources that may help you to keep track of BSV applications and services.
- Agora.icu is a categorized directory for virtually everything BSV, from apps, to newsfeeds, to discussion forums, and more.
🖥️ Developer Resources
If you are a developer looking to build on Bitcoin SV, these sites organize or provides resources to help you.
- BSV/DEVS is a resource center and directory that organizes many Bitcoin SV developer tools and resources.
- Bitcoin Scaling Test Network is a public test network which any developers and businesses can use to test their applications’ capacity on the BSV network.
- BitcoinSVDevelopers is an online platform that provides “Office Hours” consulting services that allow developers to chat directly with knowledgeable Bitcoin SV developers to get help with their projects.
- Bitcoin Association is a global industry association for businesses and developers interested in building on the Bitcoin SV blockchain, from merchants and miners to application developers and enterprises.
- Atlantis is a Slack channel for Bitcoin SV developers.
- Bitcoin Meetup Network is a hosting website for BSV meetups around the world.
- r/bitcoincashSV is a subreddit dedicated towards discussing all things Bitcoin SV. It includes a handy list of services and tools that support BSV.
- Bitcoin SV Telegram is an unofficial Telegram group dedicated to discussing BSV.
- Metanet.icu is an online membership club focused on Bitcoin SV along with education and development to support the Metanet concept — first presented by Dr. Craig Wright — with the aim of developing a new kind of Internet using the BSV blockchain.