What is the underlying technology behind Bitcoin SV and how does it enable its operation?

3 answers

• Jan 12, 2022 · 3 years ago
  Bitcoin SV is built on the same underlying technology as Bitcoin, which is blockchain. Blockchain is a decentralized ledger that records all transactions made on the network. It enables the operation of Bitcoin SV by ensuring transparency, security, and immutability of the transactions. The blockchain technology behind Bitcoin SV allows for peer-to-peer transactions without the need for intermediaries, making it a decentralized digital currency.
  449225
• Jan 12, 2022 · 3 years ago
  The underlying technology behind Bitcoin SV is blockchain. Blockchain is a distributed ledger that stores all the transactions made on the network. It enables the operation of Bitcoin SV by providing a transparent and secure way to record and verify transactions. The decentralized nature of blockchain ensures that no single entity has control over the network, making it resistant to censorship and fraud. This technology allows for fast and low-cost transactions, making Bitcoin SV a viable option for everyday use.
  518173
• Jan 12, 2022 · 3 years ago
  Bitcoin SV utilizes blockchain technology to enable its operation. Blockchain is a decentralized and transparent ledger that records all transactions made on the network. It ensures the integrity and security of the transactions by using cryptographic algorithms. This technology allows for peer-to-peer transactions without the need for intermediaries, making it a fast and efficient way to transfer value. Additionally, the use of blockchain technology enables Bitcoin SV to have a fixed supply and a predictable inflation rate, making it a reliable store of value.
  567142