Bitcoin Satoshi Vision, or Bitcoin SV (BSV), was founded in 2018 as a hard fork of Bitcoin Cash (BCH). It was developed by nChain, a company driven by Craig Wright, who claims to be Satoshi Nakamoto, the creator of Bitcoin (BTC). BSV's core purpose is to restore the functionality and original capabilities of the Bitcoin protocol to provide stability and scalability.
BSV removed the block size limits, allowing for efficient peer-to-peer electronic cash transactions on its network. It also re-enabled the original Bitcoin script language, thus facilitating the easy development of on-chain applications.
The BSV network can process tens of thousands of transactions per second, with a block size of 4GB, transaction time of fewer than 2 seconds and fees as low as $0.0006 per transaction.
After BSV's split from Bitcoin Cash, Bitcoin Association, a Swiss-based non-profit organization, was created. It overlooks the global adoption and growth of the BSV cryptocurrency and its underlying blockchain.