Bitcoin SV (BSV)
Bitcoin SV ranks #42 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #125: 83 of the 124 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 116 non-native assets CoinSpectrum lists above it by market cap, about 56% are claims on other assets, 38% are tokens, 5% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | A+ · 76/100 · provisional, A to A+ |
|---|---|
| Rank among cryptocurrencies | #42 |
| Rank counting claims | #125 |
| Market capitalisation | $323M |
| Price | $16.06 |
| Circulating supply | 20,108,950 BSV |
| Maximum supply | 21,000,000 BSV |
| Consensus family | Proof of Work |
| Consensus mechanism | SHA-256 |
| Own hashrate | 215 PH/s |
| Network purpose | Decentralized storage |
| Ledger type | Overlay-asset ledger |
| Launch distribution | No premine |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
A+ — 76 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 70 to 76 (A to A+).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 10 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 10 | Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 10 | Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 10 | fixed maximum supply of 21 million |
| Distribution | 10 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 10 | Fair launch: no premine |
| Fundraising (share sold) (Source) | 10 | No sale of the coin |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners who produce blocks |
| Decentralisation | 3.8 | average of 4 parts |
| Governance (Source) | 0 | An authority can halt the chain or freeze funds: SV Node enforces consensus-level freezing and, since 1.0.13, confiscation of UTXOs named in notices the BSV Association broadcasts through its Alert System on court orders. source |
| No central team (Source) | 0 | A central team directs it: The BSV Association (with nChain engineers) controls SV Node and Teranode and the protocol roadmap; both are released under the Open BSV License, which restricts use to the BSV blockchain and so is not an OSI open-source licence. source |
| Who can mint (Source) | 10 | Open to anyone with hardware: anyone can produce blocks by mining, no permission needed |
| Nodes (Source) | 5.1 | 35 reachable nodes (distinct IP addresses at the chain's tip, crawled by CoinSpectrum on 2026-11-08; clearnet only) |
| Security | 8 | 6.4 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 9.9 | largest 20.5%, largest three 50% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 10 | about 2,900,000 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 7.5 | own work 5; about 2.9 MW, 2.5 of 5; 0.023% of its algorithm's largest, not scored |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 7 | one client, latest version Oct 2026 |
| Open source (Node software) | ✗ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 9.3 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.000004 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 6.5 | about 300 simple transactions a second |
| Block time (10 minutes 10, less either side) | 10 | a block every 10 minutes |
| Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | 10 | 4000 MB limit |
| Features (3 checks) | 10 | 3 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✓ | SV Node relays the first-seen transaction and has no replace-by-fee, so zero-confirmation payments are protected by first-seen relay. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | SV Node -prune deletes old blocks. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | Bitcoin-style SPV with headers and Merkle proofs. |
| Privacy | 7 | 7 of 10: whitepaper privacy 7 of 7, extra features 0 of 3, 1 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Anyone can generate keys and receive and send coins; the consensus rules carry no identity check. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 10 | Coins are separate unspent outputs: a payment spends whole outputs and sends the change to a new address, so the coins in one wallet need not share a history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 0 | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | 0 | No sender or receiver hiding. |
| Network privacy (Origin hidden by default) | 0 | SV Node relays transactions directly. |
| Programmability | 4.4 | 4 of 9 points source |
| Token issuance (Through a metaprotocol) | 1 | STAS, BSV-20/BSV-21 (1Sat Ordinals), Tokenized, Run: read by indexers, not validated by the chain's nodes |
| Smart contracts (Scripting for spending conditions) | 1 | Restored Script (Genesis 2020, Chronicle opcodes at block 943,816 on 7 April 2026) with sCrypt covenants, but no base-layer applications of the DEX or lending kind are established; token layers depend on indexers. |
| Multisig and time locks (Without a third party) | ✓ | OP_CHECKMULTISIG; Genesis turned CLTV/CSV into NOPs, but OP_PUSH_TX scripts check the spending transaction's nLockTime to enforce time locks. |
| Atomic swaps (With other chains) | ✓ | Hash-locked scripts with an OP_PUSH_TX nLockTime refund express HTLCs; the BSV academy's HTLC example still uses CLTV, which is a NOP since Genesis. |
| Native DEX (Trades the coin itself, not a claim) | ✗ | No DEX found trading the coin itself: none on its own chain (DefiLlama), and not on THORChain, Maya, Chainflip, Komodo DeFi, BasicSwap, Bisq or Haveno (checked 2026-11-04). |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No protocol messaging to other chains. |
| NFTs (Carried by the chain's rules) | ✗ | 1Sat Ordinals and STAS NFTs depend on wallets and indexers rather than consensus. |
| Demand | 6.2 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 20 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 5.2 | $2,016,770 traded in 24 hours; #254 by volume on the exchanges the site reads (scored on the median day of the last 30, $3,773,542) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 6.6 | 1.1% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 6 | $203,370 within 2% of the price on 4 exchanges, 0.06% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 6.3 | $323M, 6.3 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 8.6 | futures, options and margin positions 1.8% of its market cap |
| Wallet support (wallets that hold it, 10 or more: 10) | 1 | its own node and wallet, counted as 1: no wallet in the site's directory lists it yet |
| Record | 7.7 | average of 3 criteria |
| Age (years since genesis) (Source) | 10 | 17 full years since genesis. Split from Bitcoin Cash on 15 November 2018 after block 556,766, keeping the ledger: its history runs from Bitcoin's genesis block of 3 January 2009. |
| Development (work, fixes, vulnerabilities) | 4 | 2 positive, 3 negative, 2 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 343 commits in 10 of the last 12 months (github.com/bitcoin-sv/bitcoin-sv); Bitcoin SV node 1.2.3 released 2026-10-06 (1.2.0 Jan, 1.2.1 Mar, 1.2.2 Apr 2026). |
| Shipped a new capability for users in two years, +1 | ✓ | Chronicle (SV Node 1.2), 7 Apr 2026: restored original script opcodes. |
| Negative | ||
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2020-14198: misbehaving peers are auto-banned into an unbounded ban list, so many attacker addresses can exhaust CPU and memory; still in Bitcoin SV v1.2.3. bitcoincore.org github.com github.com |
| Unfixed vulnerability, disclosed 2024-07-31, −1 | ✗ | CVE-2024-52919: addr-message spam can overflow the address manager's 32-bit id counter and crash the node; Bitcoin SV v1.2.3 drops unsolicited addr from inbound peers but has no rate limit for outbound ones. bitcoincore.org github.com github.com |
| Unfixed vulnerability, disclosed 2024-09-18, −1 | ✗ | CVE-2019-25220: a long low-difficulty header chain can exhaust memory because the node has no headers pre-synchronisation; still in Bitcoin SV v1.2.3. bitcoincore.org github.com |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Shipped a scaling upgrade in two years | – | |
| Conduct (origin, claims, halts) | 9 | 2 positive, 1 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
| Negative record | ||
| Claims by its founders or lead company that contradict its own design | ✗ | Craig Wright and the BSV Association present BSV as the original Bitcoin design restored, while describing it as an identity-linked ledger on which anonymity is unnecessary and as a data network for enterprise and government. The Bitcoin whitepaper describes peer-to-peer electronic cash and keeps privacy by keeping public keys anonymous (section 10). bsvassociation.org coingeek.com bitcoin.org |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
Dash DASHA+
Pearl PEARLA
eCash XECA+
Quantum Resistant Ledger QRLBAll Proof of Work chains →Proof of Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
TRON TRXA
Hyperliquid HYPEB
Cardano ADAA
NEAR Protocol NEARAAll Proof of Stake chains →Supply
20,108,950 of a maximum 21,000,000 BSV are in circulation — 95.8% of the total that will ever exist.
How it was launched
No premine. Shares the history of Bitcoin from 2009 and of Bitcoin Cash to their split on 15 November 2018; holders at each split kept their balance on both branches. Nothing was allocated or sold: every coin was mined, before a split or after it.
The work behind it
Bitcoin SV is secured by 215 PH/s of its own work. Hashrate does not compare across algorithms — a SHA-256 hash and a Scrypt hash cost different amounts to produce.
What a regulator has said
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
How CoinSpectrum ranks Bitcoin SV
Bitcoin SV is #42 among cryptocurrencies and #125 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 83 places between Bitcoin SV's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).
Read on the site
- BIP-110: how a soft fork became a new cryptocurrency · journal
- Bitcoin Cash didn't launch in 2017: what a chain split actually creates · journal
- Which cryptocurrencies have a fixed supply? Capped and uncapped coins · journal
- Hard fork vs chain split — what's the difference · journal
- Why we count BTC, BCH and BSV as three cryptocurrencies · journal
- Where a DEX runs, and what it actually trades · journal