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What is cryptocurrency?

So what is cryptocurrency?  It’s is a digital or virtual currency that exists in cyberspace. It can be saved, sent and received like traditional currencies but doesn’t exist in physical form (like paper or “fiat” money). It uses cryptography for security  storing individual coin ownership records  in an ecrypted digital ledger to secure transaction records, and to verify transfer of coin ownership.

Bitcoin was the first decentralized cryptocurrency, first released as open source software in 2009.

As of March 2022, there were more than 9,000 other cryptocurrencies in the marketplace.

Bitcoin SV stands for Bitcoin Satoshi. Bitcoin SV is a variant of Bitcoin that features a much larger block size than traditional Bitcoin, resulting in faster transaction processing, higher energy efficiency and an increased load capacity.

While all bitcoin mining uses precious resources, a recent independent study [1] ranked Bitcoin SV as more energy efficient than either Bitcoin Core or Bitcoin Cash.  Bitcoin needs at least 5,500 kilowatt-hours to mine a single coin! That’s about half of what an average American household consumes in a year! [2]

Bitcoin SV (BSV) consumes less energy operate because it has a larger block size.  The more transactions it does, the more efficient it gets.