Is it better for newbies to hold BSV or BCH for a long time? What is the difference between BSV and BCH?

BSV and BCH are both currencies that forked from Bitcoin. They had different emphasis and priorities on different aspects of Bitcoin when they forked. BSV is a currency that emerged from another fork of BCH and aims to restore the original vision of the Bitcoin protocol. BCH is a currency generated by a hard fork of Bitcoin in 2017, aiming to solve the transaction processing capacity problem of the Bitcoin network. For novices, they would like to know whether it is suitable to hold BSV or BCH for a long time? For now, it is recommended for newbies to invest in BCH, while BSV is more risky.

Is it better for newbies to hold BSV or BCH for a long time?

Newbies are suitable for long-term holding of BCH. According to official data, the current price of BSV is US$104.52, which is higher than the issue price of US$88.3, ​​and its investment return is 18.37%; the price of BCH currency is US$704.67. Higher than the issue price of US$555.89, the investment return is 26.76%. Overall, the BHC market is more stable.

BSV is a decentralized digital currency that uses a consensus mechanism to ensure network security and blockchain technology to record all transactions. This technology allows BSV coins to be safely transmitted across the network . BSV coin is a digital currency that is not controlled by any government. Its value depends entirely on market demand and supply.

BCH is a forked currency of Bitcoin, which was born in August 2017. Within the Bitcoin community, a debate over block size limits led to the split of Bitcoin, giving birth to BCH. Compared to Bitcoin, BCH has larger block sizes, faster transactions, and lower fees.

BSV currency’s technology is also constantly improving. It has faster transaction speeds and lower transaction fees, which also makes BSV currency more attractive in the market, and its stability has also been improved. Improve, this is a reliable investment tool. In addition, BSV currency is also constantly expanding its application scenarios. It has become the first choice of many enterprises and developers. These companies are using BSV currency technology to develop new applications, which will bring more opportunities for the development of BSV currency.

Due to BCH’s faster transaction speed and lower transaction costs, more and more merchants are beginning to accept BCH as a payment method. This lays a solid foundation for the application of BCH in daily life. In the future, with the popularity of cryptocurrency payment methods, BCH is expected to become one of people's first choices for daily payments. The development of BCH has also promoted the innovation of blockchain technology. People are optimistic about the application prospects of blockchain technology in finance, logistics, medical and other fields. As an important cryptocurrency representative, BCH will continue to promote the development and application of blockchain technology.

What is the difference between BSV currency and BCH currency?

BSV coins and BCH coins are two different cryptocurrencies, representing different blockchain projects and communities respectively. The main differences between them lie in four aspects: fork background, philosophy and goals, block size restrictions, and development teams and goals. The following is a specific analysis:

1. Fork background

BSV is a currency resulting from another fork of BCH, which was formed in November 2018. The “SV” in BSV’s name stands for “Satoshi Vision” and aims to inherit the vision and design from Bitcoin’s original white paper.

BCH is a fork of Bitcoin, which was forked in August 2017. The main reason for the fork is the different views on the Bitcoin scaling issue.

2. Philosophy and Goals

BSV is more focused on restoring the original design of the Bitcoin protocol, including expansion, low cost and fast transactions, while emphasizing its role as a global currency and blockchain. enterprise-level applications.

BCH aims to provide larger block capacity and lower transaction fees to increase the transaction processing capabilities of the Bitcoin network.

3. Block size limit

BSV has further increased the block size limit, currently 128MB, in order to further improve the network's processing capabilities.

BCH increased the block size limit at the time of the fork, which is currently 32MB, while BTC’s block size limit is 1MB.

4. Development Team and Community

BSV also has independent development teams and community support, including institutions such as nChain and CoinGeek.

BCH has its own development team and community support, mainly composed of clients such as Bitcoin ABC, Bitcoin Unlimited and Bitcoin XT.

The specific question of which one is more worthy of investment depends on personal investment goals, risk appetite and understanding of the two projects. Investors can consider the project’s technological development, application, risks and other factors. It is important to note that investing in cryptocurrencies involves risks and it is recommended to conduct adequate research and due diligence before investing. At the same time, you can also consider diversifying your investments. Don't invest all your funds in one project or asset. Learn to diversify your investments.

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