Questions
TagsWhat are the differences between Bitcoin SV and Bitcoin?
Bowers DamgaardMar 19, 2022 · 3 years ago1 answersCan you explain the key differences between Bitcoin SV and Bitcoin in terms of their technology and features? How do they differ in terms of scalability, block size, transaction speed, and governance?
1 answers
- Bitcoin SV and Bitcoin have different approaches to governance. Bitcoin SV follows a more centralized governance model, with a development team led by Craig Wright and nChain having significant influence over the protocol's direction. On the other hand, Bitcoin's governance is more decentralized, with decisions being made through community consensus and the involvement of various developers and stakeholders. This decentralized governance model is seen as a strength by many Bitcoin supporters, as it prevents any single entity from having too much control over the network. Overall, the differences between Bitcoin SV and Bitcoin lie in their approach to scalability, block size, transaction speed, and governance, which ultimately shape their respective strengths and weaknesses in the cryptocurrency ecosystem.Mar 19, 2022 · 3 years ago
Related questions
- 98
What are the tax implications of using cryptocurrency?
- 83
Are there any special tax rules for crypto investors?
- 82
What is the future of blockchain technology?
Load 5 more related questions
Related Tags
Hot Questions
- 98
What are the tax implications of using cryptocurrency?
- 83
Are there any special tax rules for crypto investors?
- 82
What is the future of blockchain technology?
- 69
What are the best digital currencies to invest in right now?
- 65
How can I buy Bitcoin with a credit card?
- 60
How can I minimize my tax liability when dealing with cryptocurrencies?
- 27
What are the best practices for reporting cryptocurrency on my taxes?
- 22
How does cryptocurrency affect my tax return?