Published: 2018-11-28 16:15:18
Is Bitcoin SV All Set To Take Over From Traditional Non-Scaling Platforms?
At press time, Bitcoin SV is currently the 9th most valuable altcoin in the digital currency sector with a total market cap of $1.745 billion. Additionally, it is also worth noting that the hash rate of the BTC SV network has increased to around 38% now.
With this information in mind, it is worth noting that Calvin Ayre, a Canadian-Antiguan entrepreneur and founder of the Ayre Group and Bodog entertainment, believes that as we move into the future, Bitcoin SV will most likely replace most of today’s other non-scaling platforms (since it is one of the few blockchain ecosystems to possess the potential of scaling up exponentially).
Bitcoin SV Network Hash Rate Rises
After the recent BCH hard fork that took place on November 15, the premier crypto asset was split into two separate altcoin entities, namely Bitcoin Cash ABC and Bitcoin Satoshi Vision (BSV). However, after just 15 days of an all out war breaking out between the two factions, the global crypto community at large recognized Bitcoin ABC as the winner of the “so-called Bitcoin civil war” and has conferred the digital entity with the official BHC ticker.
At the time of writing this article, it is worth mentioning that Bitcoin SV is trading at a price point of $99.85 (a figure that showcases a 2.5% increase in the value of the altcoin over the course of the past 24 hours).
Some of our readers may remember that Craig Wright, one of the biggest proponents for Bitcoin SV, recently released that envisioned roadmap for the aforementioned currency. In the plans, were laid out, certain milestones which have been devised to help scale up the transaction capacity of the network to around 1TB within the coming 3 years. As a result of these developments, the hash rate of the BSV network has now risen to around 38 percent (while Bitcoin ABC amounts for 62 percent of the total hash rate).
The views and opinions expressed in the article Bitcoin Cash SV (Satoshi’s Vision) Debuts in Top 10 Coin Rankings, But Will it Sustain Post BCH Fork? do not reflect that of 48coins.com nor of its originally published source. Article does not constitute financial advice. Proceed with caution and always do your own research.