Home Bitcoin News Bitcoin SV (BSV) Utility Keeps Winning Hash Power Accumulating in a Group Though

Bitcoin SV (BSV) Utility Keeps Winning Hash Power Accumulating in a Group Though

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Bitcoin SV is regulator friendly.  The major purpose is to increase the efficiency of the government and to enable transparency.  BSV is opposed to anarchy, and BitcoinSV follows the law.

Bitcoin SV, known as the real Bitcoin, is creating questions concerning the security of the blockchain because an unknown mining pool is seen to establish a majority hash power.  Further, this has created doubts about the legitimacy of the Altcoins. It is expected that the unknown Bitcoin SV miner might cause the emergency fork.

The situation was first published in a tweet that read:  “Breaking: $BSV being **trolled hard** “on-chain” Unknown Miner/s collecting block rewards without recording any weather data or paid tweets. Has more hash power than your entire BSV country! I smell an emergency fork in the oven, or a court case lol.”

The blockchain is powered by a core group of dedicated supporters whose numbers cannot be truly determined.  This is obviously not the first time that something like this has happened on the Bitcoin SV fork.  The viability of the entire platform stays threatened because someone who has the most hashing power will be able to rewrite the chain.  Despite controversies, the blockchain remains sustained. They do not seem to be over soon now.

Sydney Ifergan, the Crypto Expert, tweeted:  “Even during these downtimes, it is good to see that the Bitcoin SV has not lost on its value. People are continuing to transact. “

People keep blockchain alive.  For as long as people transact on the blockchain, Bitcoin SV will have a sustained value irrespective of what.

Bitcoin SV Is About Utility

Bitcoin SV has proven time and again that it is all about utility.  Bitcoin is considered to be the largest computer ever, and with a computer as big, it is possible to compute bigger numbers.  The peer-to-peer properties of the cryptocurrency have been restored. Some opine that BCH and BSV halvings will force miners to Bitcoin (BTC).

There is an economic crisis, yet BSV businesses keep building is one thing.  Yet another sentiment is that “Plenty of businesses are losing revenue and closing up shop due to the Coronavirus. Pretty soon, we are going to see the same thing happening with some of the Bitcoin miners as they begin to lose 50% of theirs.”

Taking history into consideration, people have overcome the worse crisis, and they have evolved to be better than before. This, too, shall pass, and the best things are yet to come.

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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