Bitcoin SV Continues to Surge Ahead of Halving But Nodes Declining & Connecting to BCH Nodes

  • Bitcoin SV nodes connecting to BCH nodes
  • BSV still surging months ahead of halving, which is coming a month before that fo Bitcoin
  • Wikipedia co-founder Jimmy Wales says he is a critic of BSV and not a supporter.

Last week, we reported how the hard fork of Bitcoin Cash (BCH), Bitcoin SV (BSV) blockchain got split into two after the Genesis upgrade. Apart from this, now some of the BSV nodes are connecting to BCH nodes when in safe mode.

With at least two chains being mined in BSV, users are finding it to be a “total mess.” Because the Bitcoin cash blockchain is longer, sometimes BSV nodes follow when in safe mode, which happens automatically when the node finds a longer chain which is invalid. Apparently, BCH and BSV are so similar even the nodes can’t tell them apart.

Despite being created in Nov. 2018, the issue only became known recently and as a temporary solution, they are force disabling the safe mode.

Surging Ahead of Halving

However, just like the chain split didn’t have any effect on BSV price, similarly this issue didn’t detract the BSV believers as it trades at nearly $342.

In mid-January, the fifth-largest cryptocurrency by market cap of $6.2 billion made its all-time high at $441 and is currently down 23% from that high. In the past month, its price has jumped over 20% in the past week and 148% in the past month against USD. In the BTC market as well, it is up by 100%.

However, while the world’s leading cryptocurrency Bitcoin’s real volume in the past 24 hours is over a billion USD, BSV’s mere $13.8 million.

The momentum seems to be picking up just months before its upcoming halving in April. Bitcoin SV halving coincides with that of Bitcoin Cash and comes one month before Bitcoin’s which is in May 2020.

But zero chance of being used by Wikipedia

Last week, Wikipedia co-founder Jimmy Wales said,

The comment came after the announcement of Wales being a keynote speaker at CoinGeek’s conference on February 20-21, 2020 at Old Billingsgate venue in London.

The announcement says BSV is reclaiming Bitcoin's original design to power micropayments to “handle the staggering amount of data Wikipedia carries.” But Wales said,

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AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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