Bitcoin Satoshi’s Vision (BSV) has recently launched a “rebirth of the original Bitcoin” effort, in which the cryptocurrency’s supporters appear to be trying to rebrand BSV as the “original Bitcoin.”
According to an official announcement made by the bComm Association, an organization used to promote BSV in commerce founded by self-proclaimed Satoshi Nakamoto Craig Wright, the new logo was chosen through various Twitter polls, and was released on the date of the 10th anniversary of Bitcoin’s genesis block.
The new logo for #BitcoinSV has been unveiled after voting over three Twitter polls. Announced today on the 10th anniversary of the Bitcoin genesis block, to mark Bitcoin SV as rebirth of the original Bitcoin.— bComm Association (@bCommWorld) January 3, 2019
read more about it on https://t.co/jnDu7YNjT9#BSV pic.twitter.com/hQr6s2D4aA
Bitcoin Satoshi’s Vision was created last year, through a hard fork off the Bitcoin Cash network, which came from a hard fork of the Bitcoin network. BSV was created as the BCH community had different views on how to scale the cryptocurrency.
One side, supported by Craig Wright, nChain, and CoinGeek, called for a block size increase from 32 MB to 128 MB per block, while the other side, supported by the ABC development team, Bitmain, and Bitcoin.com, focused on improving BCH’s technology. The hard fork ultimately led to a hash war that some believe led to a crypto market slump.
In bComm’s announcement Jimmy Nguyen, founding President of bCoom and a part of nChain, was quoted as saying that “after too many years of wasteful diversions from the Satoshi Vision” bitcoin’s rebirth can be celebrated. He added:
The new BSV logo represents this pivotal moment for Bitcoin to grow up. In the spirit of Satoshi Vision, we are especially thrilled that BSV supporters around the world chose this logo after multiple rounds of online polling in a new paradigm of decentralized marketing.
The BSV team at nChain won’t, however, adopt the logo itself, as it’ll “keep its dragon logo for the time being,” Nguyen said, as it has symbolical significance for “leadership, ambition, good fortune, energy, and independence.”
The bComm Association is in the near future set to test the BSV network’s throughput capacity through a stress test, that is expected to “showcase that BSV is the only cryptocurrency” on the right path for business use. The organization has also revealed it plans on raising BSV’s block size to 1GB “in the next 12 months.”
At press time, BSV is trading at $89.8 after falling 2% in the last 24-hour period. BCH, on the other hand, is at $159.5 after falling 2.5%.