Bitcoin SV
BSV
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Bitcoin SV (BSV) presents a mixed profile marked by disciplined node maintenance and strong baseline tokenomics, offset by governance controversies, limited adoption, and security challenges. Active Development (7.5/10) remains steady, highlighted by the April 2026 Chronicle protocol upgrade at block 943,816 and continued SDK releases, though development breadth and the bus factor remain narrow. Tokenomics (7.0/10) benefit from Bitcoin's fixed 21 million supply cap, transparent quadrennial halvings, and zero founder allocations from its 2018 fork, though mining revenue relies heavily on subsidies due to a low-fee model alongside mining concentration. Community Support (4.5/10) and Market and Use Case (4.5/10) reflect weak demand for enterprise scaling, thin liquidity relative to its ~$300M–$341M market cap, and missing major Tier-1 exchange support. Team and Governance (4.5/10) is constrained by centralized steering under nChain and the BSV Association, historical controversies surrounding Craig Wright, and reputational drag. Security and Audit History (4.0/10) reflects early 2019 audits by Trail of Bits, resolved SDK cryptographic issues (CVE-2025-69287), a responsible disclosure policy, and an unrecovered >50% drawdown. No qualifying red-flag events requiring an overall score cap were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Bitcoin SV (BSV)
Bitcoin SV (BSV) is a Proof-of-Work blockchain created in November 2018 via a hard fork of Bitcoin Cash. Designed as a peer-to-peer electronic cash system and enterprise data network, the project emphasizes massive on-chain scaling through unbounded block sizes and near-zero transaction fees. BSV inherits Bitcoin's fixed maximum supply of 21 million coins and a four-year halving schedule, with distribution occurring 1:1 at the time of the 2018 split. Primary protocol stewardship and development are managed by nChain alongside the Switzerland-based BSV Association.
The project maintains active core development, including the deployment of the Chronicle protocol upgrade at block 943,816 in April 2026 and ongoing development for the Teranode architecture. BSV provides software development kits (SDKs) and standardized specifications through its Technical Standards Committee, with node implementation subject to a Responsible Disclosure Policy.
BSV has faced multiple governance, security, and market challenges. The network has experienced reputational friction and documented delistings from major exchanges stemming from governance controversies and its association with Craig Wright's disputed Satoshi Nakamoto claims. On the security front, BSV was subjected to 51% attacks in 2021; an early 2019 Trail of Bits audit identified three high-risk denial-of-service vulnerabilities that were patched in version 0.1.1, and an SDK cryptographic flaw (CVE-2025-69287) was resolved in version 2.0.0. In addition, the network faces mining concentration around entities such as nChain and CoinGeek, persistent drawdowns exceeding 50%, and low transaction fee revenues that leave miner sustainability heavily reliant on block subsidies.