Australia’s largest digital asset exchange announces its removal from the Bitcoin SV list on March 28. Thus, all BSV trading will cease and open orders will be canceled on that day. However, users of the exchange will be given a six-month grace period to withdraw their funds.
Stopping the BSV
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Bitcoin SV, or Satoshi’s Vision, is one of the largest cryptocurrencies on the market in terms of market capitalization. The origin of BSV dates back to 2017 when a Bitcoin hardfork was created Bitcoin Cash. The following year, Bitcoin Cash itself had a rigid fork, creating Bitcoin SV.
The reasoning behind the development of BSV is linked to the long-standing debate about scaling in the crypto community. BSV increased its block size to 128MB in order to address what was presented in the original Bitcoin white paper.
Despite its position in the market, BSV has found itself at the center of one controversy after another since its birth. This is mainly due to the involvement of Craig Wright, the famous Australian developer who claims to be Satoshi Nakamoto.
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