The journey to massive on-chain scaling:
A timeline of Bitcoin SV’s progress.
Bitcoin white paper released
The vision for what Bitcoin is, and supposed to be, was outlined by its inventor Dr. Craig S. Wright, using the pseudonym Satoshi Nakamoto, in the white paper entitled “Bitcoin: A Peer to Peer Electronic Cash System”. Four months later the first open source Bitcoin client software is released.
Satoshi gets concerned and takes a sabbatical
Satoshi Nakamoto takes a sabbatical due to concerns of Bitcoin being infiltrated by anonymous developers and criminals misusing it.
BCH remains as Bitcoin,
BTC forks away
Bitcoin Cash (BCH) diverges from Bitcoin’s white paper with the introduction of Segregated Witness, making it non-compliant with the original protocol.
BSV remains as Bitcoin,
BCH forks away
Bitcoin SV (BSV) becomes the new ticker symbol for the original Bitcoin protocol after BCH introduces non-compliant features and hinders government and financial regulation.
Genesis Upgrade
The Genesis Upgrade restores the original Bitcoin protocol as closely as possible to Satoshi’s original design, providing stability for developers and enterprises to build upon. This includes unbounded scaling and the original Bitcoin script language.
Bitcoin sets numerous world records
Bitcoin SV sets numerous world records including regularly surpassing 50,000 transactions per second, creating the largest blocks of over 2GB, and hosting the largest NFT at 1GB. It also maintains the lowest environmental impact of any proof-of-work chain.
This shows how Bitcoin SV has been developed
and improved upon, with a focus on restoring the original Bitcoin Protocol to create stability for developers and enterprises to build upon, while
also setting new world records and maintaining
regulatory compliance.