## Bitcoin SV (BSV) کیا ہے؟

Bitcoin SV، بلاک چین پر ایک بہت بڑے ڈرامے کا نتیجہ ہے۔

اس کی شروعات تب ہوئی، جب سنہ 2017 میں Bitcoin کو ایک ہارڈ فورک سے نقصان اُٹھانا پڑا — نیٹ-ورک کو تقسیم کیا گیا اور اس کے نتیجے میں Bitcoin Cash نامی ایک نیا altcoin وجود میں آیا۔

ایک سال بعد، سنہ 2018 میں، Bitcoin Cash کو خود اپنے ہی ہارڈ فورک کا سامنا کرنا پڑا، اور Bitcoin SV وجود میں آیا۔

Bitcoin SV (SV اختصار ہے Satoshi Vision کا) اصل Bitcoin ہونے کا دعویٰ کرتا ہے — ایک ایسی کرپٹو کرنسی جو اپنے فرضی نام کے حامل بانی، Satoshi Nakamoto کے اہداف کے عین مطابق ہے۔

BSV کے بنیادی مقاصد میں استحکام کی فراہمی، اور توسیع پذیری کا حصول شامل ہیں، یہ وہ مقاصد ہیں جنہیں حاصل کرنے کے لیے اصل BTC بلاک چین نے بہت جدوجہد کی ہے۔

پراجیکٹ کی ویب سائٹ پر بیان کیا جاتا ہے: "Bitcoin SV کا مقصد مائنرز کے لیے ایک واضح انتخاب فراہم کرنا، اور کاروباری اداروں کو اس پر قابل اعتماد طریقے سے ایپلیکیشنز اور ویب سائٹس بنانے کی اجازت دینا ہے۔"

### Bitcoin SV (BSV) کے بانی کون ہیں؟

آسٹریلیا کے ایک آنٹرپرینیور Craig Wright نے خود [Satoshi Nakamoto](https://coinmarketcap.com/alexandria/article/who-is-satoshi-nakamoto) ہونے کا دعویٰ کیا ہے، جن کی Bitcoin SV کی تخلیق سے گہری وابستگی رہ چُکی ہے۔ وہ مالیاتی ٹیکنالوجی کمپنی nChain کے بانی ہیں، اور انہوں نے ہارڈ-فورک کے حق میں آواز بھی بلند کی، کیونکہ وہ BSV کے لیے پیش کردہ اپ-گریڈ کے بارے میں تجاویز سے متفق نہیں تھے۔

ایک اور آنٹرپرینیور Calvin Ayre بھی کھلے عام Bitcoin SV کی معاونت کرتے رہے ہیں، اور اُنہوں نے باقاعدگی سے ایسے منصوبوں میں سرمایہ کاری کے مواقع بھی تلاش کیے جو بلاک چین پر بنائے گئے ہیں۔

### وہ کیا چیز ہے جو Bitcoin SV (BSV) کو منفرد بناتی ہے؟

ایسی کئی مارکیٹیں موجود ہیں جن کو BSV، ہدف بنانے کا امیدوار ہے — نیز یہ استعمال کی ایسی صورتیں بھی اختیار کرنا چاہتا ہے، جو اس کی وکالت کرنے والوں کے مُطابق Bitcoin، اور Bitcoin کیش فراہم کرنے سے قاصر ہیں۔

کچھ لوگ BTC کو قیاس آرائیوں پر مبنی اثاثہ سمجھتے ہیں، نہ کہ ایک ایسا اثاثہ جو روزمرہ کی ادائیگیوں کے لیے موزوں ہو۔ اس کے برعکس، BSV کا دعویٰ ہے کہ وہ "دُنیا بھر میں ادائیگی کے ہر نظام کو صارف کے لیے بہتر تجربے، سستی تجارتی لاگت، اور تحفّظ کی اعلیٰ سطح کے ساتھ تبدیل کر سکتا ہے۔"

Bitcoin SV ان کمپنیوں کے لیے ایک انٹرپرائز بلاک چین حل کے طور پر بھی کام کرنے کا ارادہ رکھتا ہے، جو اس ٹیکنالوجی کی پیشکش کے بارے میں مزید جاننا چاہتی ہیں۔

اگر اس کا موازنہ اس کے بڑوں سے کیا جائے، تو توسیع پذیری کے تناظر میں انفرادی حیثیت حاصل کرنا بھی BSV کا ہدف معلوم دیتا ہے۔ Bitcoin SV کا دعویٰ ہے کہ اس کا بلاک سائز اپنے پیشروؤں کے مُقابلے میں کہیں زیادہ ہے، نتیجتاً، یہ روزانہ کی بُنیاد پر مزید ٹرانزیکشنز سنبھال سکتا ہے۔

#### متعلقہ صفحات:

[BCH کے بارے میں معلوم کیجیے، وہ altcoin، جس سے BSV کو فورک کیا گیا](https://coinmarketcap.com/ur/currencies/bitcoin-cash/)

[درجہ بندی کے لحاظ سے BSV کا موازنہ BTC اور BSV کے ساتھ کیسے کیا جا سکتا ہے؟](https://coinmarketcap.com/all/views/all/)

[Bitcoin اور بنیادی کرپٹو کے بارے میں CMC Alexandria پر مزید جانیے۔](https://coinmarketcap.com/alexandria/categories/crypto-basics)

[CoinMarketCap بلاگ: Bitcoin اور altcoin کا تازہ ترین تجزیہ](https://blog.coinmarketcap.com/)

### فی الوقت کُل کتنے Bitcoin SV (BSV) کوائنز گردش میں ہیں؟

اگرچہ BSV کا مقصد BTC میں ٹھوس بُنیادوں پر کُچھ بہتری لانا ہے، لیکن کُچھ چیزیں ان دونوں کرپٹو کرنسیوں میں مشترک ہیں: مثلا ً، ان کی زیادہ سے زیادہ سپلائی 21 ملین ہے۔

Bitcoin کی طرح، Bitcoin SV بھی آدھی کمی کی صورت حال سے گزرتا ہے، جہاں مائنرز کے لیے بلاک انعامات میں 50% کی کمی کر دی جاتی ہے۔ فرق صرف اتنا ہے کہ، Bitcoin میں اب تک تین واقعات رُونُما ہوئے ہیں – 2012، 2016 اور 2020 میں – جبکہ Bitcoin SV میں صرف ایک ایسا واقعہ ہوا۔

### Bitcoin SV نیٹ ورک کو کس طرح محفوظ بنایا جاتا ہے؟

مماثلتیں یہیں ختم نہیں ہو جاتیں۔ Bitcoin [پروف-آف-ورک](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) کا مفاہمتی میکانزم بھی استعمال کرتا ہے۔ اگر آپ اس تصور سے ناواقف ہیں, تو یہ یاد دہانی آپ کے لیے ہے: اس سے پہلے کہ کسی بلاک کو چین میں شامل کیا جائے، مائنرز کو اپنی کمپیوٹنگ طاقت کا استعمال کرتے ہوئے ریاضی پر مبنی ایک پیچیدہ پہیلی کا جواب دینا ہو گا۔ جومائنر پہلے جواب دے، اسے بلاک-انعام ملتا ہے۔ یہ انفراسٹرکچر بُرے ارادوں پر مبنی حملوں کو روکنے میں مدد گار ثابت ہوتا ہے۔

### آپ Bitcoin (BSV)SV کہاں سے خرید سکتے ہیں؟

Bitcoin SV کا اندراج بڑے ایکسچینجز بشمول OKEx اور Bitfinex — نیز درجنوں چھوٹے پلیٹ فارمز پر موجود ہے۔ تاہم یہ Binance کی فہرست میں موجود نہیں۔ اس کمپنی نے 2019 میں BSV کو فہرست سے حذف کرنے کا فیصلہ کیا، کیونکہ BSV اس کے معیار پر پورا نہیں اُترا۔ اس بارے میں مزید جاننے کے لیے کہ آپ فیاٹ کرنسیوں کو کس طرح کرپٹو میں تبدیل کر سکتے ہیں، [یہاں](https://coinmarketcap.com/how-to-buy-bitcoin/) کلک کیجیے۔

Evolution of Top-10 Coins in CoinMarketCap’s History (2013-2023)

How Top 10 Crypto Rankings Have Changed over Past Year

Bitcoin Cash Fork: Crypto’s Big 2020 Election

What Is Tokenomics?

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Bitcoin SV

Ledger

Trezor

Trust Wallet

Math Wallet

Exodus

Cobo

Safepal

Atomic wallet

🛡️Protecting the BitCoin protocol and empowering builders | 🌐 A non-profit supporting growth of the #BSV ecosystem | 📈 Transactions++

Bitcoin Cash (BCH) is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy and larger block size. As a permissionless, decentralized cryptocurrency, Bitcoin Cash requires no trusted third parties.

Bitcoin Cash was created as an alternative to the first and most valuable cryptocurrency — Bitcoin (BTC). In 2017, BCH developers modified the BTC code, releasing their software version and a full-fledged competitive product, which split Bitcoin into two blockchains: Bitcoin and Bitcoin Cash. Bitcoin Cash is a result of a hard fork in the blockchain due to differences in the community over Bitcoin scaling and the SegWit upgrade. Moreover, another hard fork, which divided Bitcoin Cash into two parts, Bitcoin ABC and Bitcoin SV, took place in the fall of 2018.

The scaling debate involved two sides: small block supporters opposed increasing block size as it could lead to blockchain centralization and vulnerability by making it harder to host full nodes. Large block supporters, however, advocated for a faster solution, concerned that rising transaction fees could hinder growth.

Bitcoin Cash

Bitcoin Gold was founded in 2017 to become a user-friendly alternative to Bitcoin. The BTG network aims to combine the security and sturdiness of the Bitcoin blockchain and its characteristics with the opportunity for experimentation and development.

BTG enhances and extends the crypto space with a blockchain closely compatible with Bitcoin but without using resources like Bitcoin hash power or vying for the "real Bitcoin" title. The company aims to present a coin with the implementation capabilities of Bitcoin, however, expanding on the opportunities for DeFi and DApp developers to use the coin.

Bitcoin Gold

UNUS SED LEO

Ethereum Classic (ETC) is the original Ethereum (ETH) blockchain that launched in July 2015. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.

Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time.

Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.

Ethereum Classic

Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions.

Contrary to a common misunderstanding, the majority of cryptocurrencies on the market, including Bitcoin (BTC), are not anonymous, but rather pseudonymous; while they do not explicitly reveal the identities of their users, each user has their own public address or addresses which can be traced back to them via the methods of data science and blockchain forensics.

Zcash transactions, on the other hand, still have to be relayed via a public blockchain, but unlike pseudonymous cryptocurrencies, ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance.

Zcash was first released on October 28, 2016, and it was originally based on Bitcoin’s codebase.

Zcash

Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.

The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are.

Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship.

Monero

Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the DAI stablecoin.

Initially conceived in 2015 and fully launched in December 2017, Maker is a project whose task is to operate DAI, a community-managed decentralized cryptocurrency with a stable value soft-pegged to the US dollar.

MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, they do give the holders voting rights over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself.

The Maker ecosystem is one of the earliest projects on the decentralized finance (DeFi) scene: the industry that seeks to build decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum.

Maker

OKB is a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange, OKEx. The exchange is one of the largest in the world andcurrently ranks third in liquidity, fourth in trading volume, and provides a wide selection of trading pairs. OKEx is similar in many aspects to the cryptocurrency exchange giantBinance, but there are a few key differences. The OKEx platform has its owncloud mining service, and the company has a more focused reach in providing options trading for users. Meanwhile, Binance strives to offer a broad range of crypto services globally.

OKB is the OKEx utility token that enables users to access the crypto exchange's special features. The coin is used to calculate and pay trading fees, grant users access to voting and governance on the platform, and reward users for holding OKB.

OKEx has become a world-leading trading floor since its launch in 2017. The platform launched in the spring of 2017 and emerged as an offshoot from the original OKCoin platform (operating since 2013 in China). OKCoin now focuses on exchanging fiat for crypto, while OKEx focuses on crypto trading with a built-inAPI for algorithmic trading. The exchange also gives users access to a multi-currency wallet and functions formargin trading.

The EOS Network is an open-source blockchain platform that prioritizes high performance, flexibility, security, and developer experience. As a third-generation blockchain platform powered by the EOS virtual machine, EOS has an extensible WebAssembly engine for deterministic execution of near fee-less transactions.

EOS is the market's most scalable, divisible, and programmable digital currency. EOS is a Delegated Proof of Stake (DPoS) network where stakeholders have the authority to select node operators. Due to the decentralized nature of the token distribution on EOS, power doesn't reside in the hands of block miners, but rather all parties involved in the EOS Network.

The EOS Network is attractive because of its technology and community. It allows developers to build projects that other blockchains cannot support. The network is straightforward and has multiple tools and educational resources to help users acclimate to the blockchain.

Dash is an open-source blockchain and cryptocurrency focused on offering a fast, cheap global payments network that is decentralized in nature. According to the project's white paper, Dash seeks to improve upon Bitcoin (BTC) by providing stronger privacy and faster transactions.

Dash, whose name comes from "digital cash," was launched in January 2014 as a fork of Litecoin (LTC). Since going live, Dash has grown to include features such as a two-tier network with incentivized nodes, including "masternodes," and decentralized project governance; InstantSend, which allows for instantly settled payments; ChainLocks, which makes the Dash blockchain instantly immutable; and PrivateSend, which offers additional optional privacy for transactions.

Dash

Tezos is a high-performing blockchain and open-source platform for assets and applications, with a strong focus on code security, on-chain governance, and decentralization. Tezos 2.0, the upcoming step in the evolution of Tezos, aims to improve scalability (via layer 2s), composability, and to implement support to mainstream programming languages (like Javascript, Typescript, Python, and many others).

Initially built with formal verification in mind, the Tezos protocol enables builders to avoid bugs when developing smart contracts, making it particularly suited to applications that require a high degree of security and certainty.

Tezos’ LPoS (Liquid Proof-of-Stake) consensus mechanism enables any stakeholder to take part, directly or by delegation, in the consensus process, and to be rewarded for securing the network. Rather uniquely, Tezos’ on-chain governance system also enables stakeholders to create and vote on protocol upgrade proposals. This pioneering system allows the protocol to self-amend and upgrade itself without leading to a split (or fork) in the blockchain, empowering the community without slowing down innovation.

First proposed in 2014 and launched in 2018, the Tezos Mainnet has a proven track record of running uninterrupted ever since, having earned a strong reputation for technical excellence and a supportive community.

Tezos

Decred is Money Evolved.

By combining battle tested Proof-of-Work with an innovative take on Proof-of-Stake that places coin holders in charge of shaping the future, Decred is able to adapt to challenges and innovate at a rapid pace. You acquire influence in Decred by putting “skin in the game”.

Decred’s security, privacy, scalability, and decentralized treasury empower stakeholders and provides them with the tools needed to enhance their financial sovereignty.

Decred

Litecoin (LTC) is a cryptocurrency that was designed to provide fast, secure and low-cost payments by leveraging the unique properties of blockchain technology.

To learn more about this project, check out our deep dive of Litecoin.

The cryptocurrency was created based on the Bitcoin (BTC) protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments.

Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011. Since then, it has exploded in both usage and acceptance among merchants and has counted among the top ten cryptocurrencies by market capitalization for most of its existence.

The cryptocurrency was created by Charlie Lee, a former Google employee, who intended Litecoin to be a "lite version of Bitcoin," in that it features many of the same properties as Bitcoin—albeit lighter in weight.

Litecoin

Developed by leading Korean IT company Kakao, Klaytn is a global Layer 1 public blockchain designed to power tomorrow’s on-chain world. With the lowest transaction latency amongst leading blockchains, enterprise-grade reliability, and a developer-friendly environment, Klaytn provides a seamless experience for users and developers that is second to none. Since its launch in June 2019, Klaytn has been accelerating blockchain mass adoption through a broad array of use cases from DeFi to real-world assets, entertainment and gaming, and even the Bank of Korea’s CBDC pilot project. Today, it is one of the only globally competitive Web 3.0 ecosystems developed in South Korea, generating more than 1 billion transactions from over 300 decentralized applications.

Klaytn

Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.

To learn more about this project, check out our deep dive of Compound.

When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.

On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.

Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.

Compound

Huobi Token (HT) is the native token of the cryptocurrency exchange Huobi Global. It is a decentralized digital asset based on the Ethereum blockchain and is ERC-20 compliant. HT’s value is in part reliant upon the reputation of the Huobi crypto exchange, yet other factors also have an impact.

To learn more about this project, check out our deep dive of Huobi Token.

Huobi Token is a relatively young project. It first launched in January 2018, hot on the heels of the release of a native token on rival crypto exchange Binance. Having its own token allows Huobi to build a flexible marketing strategy in order to attract new users and further grow its platform.

One key function of the token is to reduce commissions for trading operations on the exchange, which are usually paid from users' wallets. Yet the token has much more to offer. Using HT, users can purchase monthly VIP-status plans to receive discounts on transaction fees. Token holders have the right to vote on exchange decisions, can receive crypto rewards for seasonal buybacks, and also get early access to special events. HT holders can, at any point, trade the token for other cryptocurrencies.

Huobi Token

Qtum (pronounced ‘“quantum”)  is a proof-of-stake (PoS) smart contract open-source blockchain platform and value transfer protocol. It aims to bring together the strengths of Bitcoinand Ethereumin one chain. Qtum is built on Bitcoin's UTXO transaction model, with the added functionality of smart contract execution and DApps. Recently, the platform added support for DeFi applications. As of March 2021, there are more than 20 tokens created on the Qtum blockchain.

To learn more about this project, check out our deep dive of Qtum.

The project was announced in March 2016 and held an ICO a year after, in March 2017, which brought its founders $15 million USD. The Qtum main chain was released on Sept.13, 2017. Initially, the Qtum coin was issued as a ETH-20 token, but with the launch of the mainnet, it was converted to native blockchain.

Qtum

Aave

KCS is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. Sooner or later, as the KuCoin decentralized trading solution goes live, KCS will be the native asset of KuCoin's decentralized financial services as well as the governance token of the KuCoin community in the future.

KuCoin has also announced that “Empowering KCS'' will be a key priority of KuCoin and will build KCS as a killer product rather than a simple token, which is bound to further diversify the benefits that KCS holders can access. In the long run, KCS performs as the key to the entire KuCoin ecosystem. With the development of DEX and KuChain, KCS will also be the underlying fuel and general token for future KuCoin decentralized products. More details will likely be released in the near future.