The forks were mainly done to incrase the block size so that transaction fees would drop speed. This video covers the similarities and differences between bitcoin bitcoin cash and bitcoin sv. In fact there was a time where the bitcoin blockchain housed bitcoin cash node and that means you bitcoin cash can be considered a fork of bitcoin.
Bitcoin sv a lot of people are unaware that bitcoin is the origin of bitcoin cash and bitcoin sv is forked from bitcoin cash. Transactions on both chains take around 10 minutes for one confirmation. Bitcoin cash and bitcoin sv both follow bitcoin s consensus model which means that neither has an advantage when it comes to speed.
With a median fee of 0 00029 bitcoin sv is cheaper per transaction than bitcoin cash which has a median fee of 0 00078. Interestingly enough bitcoin sv was created on the same principles of bitcoin cash which is that the former was not working in line with satoshi nakamoto s original vision hence the name. Bitcoin sv was created in august 2018 over a year after bitcoin cash was created.
Bsv claims it can replace every payment system in the world with a better user experience a cheaper merchant cost and a safer level of security. When it comes to bitcoin vs bitcoin sv a crucial difference is the block size which at launch purported to be 128 times greater than btc s paltry 1mb. The name of the digital currency is a reference to the differences that led to the bitcoin cash camp further splitting into two.
Bitcoin sv stands for bitcoin satoshi vision. On november 15 2018 the bitcoin cash blockchain experienced a hard fork resulting in the creation of a new cryptocurrency named bitcoin sv bsv.
