Different people associate different meanings with the term “bitcoin.” While some will view it as a benefit, others will utilize it as a data source or for calculating. The ledger will be used as a database by programmers, and many will utilize it as a distributed currency system. Smart contracts will power applications, and artists will produce hypermedia and NFTs. Some people view Bitcoin’s value as a medium of exchange, an attestable source of truth, provenance, or integrity; an immutable data network; or a permanent, distributed database, while others have historically traded Bitcoin knowing relatively little about it. In any case, a notable list of significant historical events is provided below.

Bitcoin SV (BSV) is a cryptocurrency that was created in 2018 as a result of a hard fork of Bitcoin Cash (BCH).

Bitcoin was created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. Over time, different factions within the Bitcoin community had different visions for the future of the currency, leading to a series of hard forks.

One of these forks occurred in 2017, when a group of developers proposed an update to the Bitcoin Cash protocol that would increase the block size limit from 1 MB to 8 MB. This update was intended to increase transaction throughput and lower fees, but it was controversial within the Bitcoin community.

In November 2018, another hard fork occurred, which split the Bitcoin Cash blockchain into two separate chains: Bitcoin ABC and Bitcoin SV. The main difference between these two chains was their approach to scaling: Bitcoin ABC proposed to implement a new protocol called “Canonical Transaction Ordering (CTOR),” while Bitcoin SV proposed to increase the block size limit from 32 MB to 128 MB.