Bitcoin is a global network, ledger and unit of account, created and released by Satoshi Nakamoto in early 2009. The network is a distributed set of nodes which each compete for the right to extend the ledger in a leaderless contest that involves performing proof of work on the most recent set of transactions that users have sent onto the network.
Since the creation of the Genesis block, the Bitcoin network has undergone a tumultuous decade, with miners who understand the long term game being forced to twice migrate the protocol onto separate and distinct systems to prevent the introduction of irreversible features that would catastrophically impact the legality and utility of the network over the long term. As a consequence, there are now three networks that compete for the minds of Bitcoiners around the world, Bitcoin Core (BTC), Bitcoin Cash (BCH) and Bitcoin SV (BSV). All three share a common history prior to August 2017 when the first network split occurs, but only one of them is building a system with the potential to deliver utility at global scale.
The SV in Bitcoin SV stands for ‘Satoshi Vision,’ with the stated goal of the developers building the client systems that miners use to mine the blocks of transactions that extend the ledger beginning to revert the protocol as closely as possible to the original version 0.1 code that Satoshi Nakamoto used when the network connected its first peers. When Bitcoin was first released, the software that ran the network was minimal, speedy and most notably, had no artificial limits on what could be done inside transactions or during the block creation process. The unbounded potential of this system did not last long, with system limits on transaction size,