Blockchain, Featured

Rebirth Of ‘Original’ Bitcoin Blockchain Hint Towards Robust Scalability

The beginning of 2019 marks a decade for the birth of bitcoin blockchain which now has massive demand and wide acceptance in the global market. Undoubtedly, it can be stated that the Satoshi’s Vision of making a crypto niche has finally found its way. Indeed, there have been several diversions from the original plan but the brand new Bitcoin SV aka BSV logo indicates the true spirit of this pivotal reformation of Bitcoin.

The new Bitcoin SV logo has significant importance in defining the vision of Bitcoin’s creator Satoshi Nakamoto. It was selected from public voting based on a Twitter poll in a way of unique decentralized marketing. In addition to this, the cryptocurrency’s classic logo also marks the 10th anniversary of the Bitcoin genesis going back to the roots of its origination as stated by Jimmy Nguyen, the founding president of the bComm Association.

BSV largely remains different from Bitcoin Cash ABC (BCH/BAB) and Bitcoin Core (BTC) as the main idea behind is to reinstate Bitcoin protocol, maintain its stability and improvise its scalability. It is likely to achieve the position of world’s new money along with the bitcoin blockchain which has already moved beyond the expectations of everyone. Despite the fact that BSV is a decentralized cryptocurrency system, the bComm Association is likely to recommend the global Bitcoin ecosystem to take up the new logo for BSV, as mentioned by Cision PR Newswire.

Ideological War Between Bitcoin SV And Bitcoin ABC

According to Brave New Coin, none of them have been spared by the Bitcoin Cash hard fork which has caused them quite a lot of mining losses and damage in terms of prices. Perhaps, this was never a part of ‘Satoshi’s Vision’. The hard fork was initiated by the BCH community in November last year which brought an unanticipated amount of collateral damage for both of them. The bitcoin blockchain ecosystem is expected to show some improvement with the new things started coming in starting from a logo.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Neha graduated in Electronic Media and has worked with Times group for 3 years with an overall experience of 6 years. She is passionate about learning languages and is a certified French Language Expert and IELTS Trainer. Neha writes breaking cryptocurrency news stories for OWLT Market.

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