[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/techloot.co.uk\/cryptocurrency\/mnp-report-shows-bsv-real-bitcoin\/#BlogPosting","mainEntityOfPage":"https:\/\/techloot.co.uk\/cryptocurrency\/mnp-report-shows-bsv-real-bitcoin\/","headline":"MNP Report Shows BSV, Not BTC, is the Real Bitcoin","name":"MNP Report Shows BSV, Not BTC, is the Real Bitcoin","description":"The overall findings of this report clearly show that BSV is truer to the original vision than BTC.","datePublished":"2021-09-15","dateModified":"2021-09-15","author":{"@type":"Person","@id":"https:\/\/techloot.co.uk\/author\/andre\/#Person","name":"Andrej Kovacevic","url":"https:\/\/techloot.co.uk\/author\/andre\/","image":{"@type":"ImageObject","@id":"https:\/\/techloot.co.uk\/wp-content\/uploads\/2017\/06\/techloot-editor-150x150.jpg","url":"https:\/\/techloot.co.uk\/wp-content\/uploads\/2017\/06\/techloot-editor-150x150.jpg","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Tech Loot","logo":{"@type":"ImageObject","@id":"https:\/\/techlootio.wpengine.com\/wp-content\/uploads\/2018\/09\/techloot-footer-logo.png","url":"https:\/\/techlootio.wpengine.com\/wp-content\/uploads\/2018\/09\/techloot-footer-logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/techloot.co.uk\/wp-content\/uploads\/2021\/09\/bitcoin-bsv-mnp-report.jpg","url":"https:\/\/techloot.co.uk\/wp-content\/uploads\/2021\/09\/bitcoin-bsv-mnp-report.jpg","height":500,"width":900},"url":"https:\/\/techloot.co.uk\/cryptocurrency\/mnp-report-shows-bsv-real-bitcoin\/","about":["Cryptocurrency"],"wordCount":440,"articleBody":"MNP, the well respected and fifth largest chartered professional accountancy and business consulting firm in Canada established in 1958, has released a report that investigates the alignment of Bitcoin SV (BSV) and Bitcoin Core (BTC) to the original vision of the Bitcoin protocol described in Satoshi Nakamoto\u2019s 2008 white paper.\u2018Current implementations (Bitcoin SV and Bitcoin Core) were compared against that original vision. Our findings indicate that Bitcoin SV is most representative of Satoshi Nakamoto\u2019s original intention for Bitcoin,\u2019 the report states.The independent review of the Bitcoin ecosystem was performed between February 8 and June 4, 2021. There are several important comparisons between BSV and BTC within the report. The most notable of these differentiators show BTC has not met scalability and only partially met incentive mechanisms. BTC remains stuck with an artificial block size limit of 1MB while BSV has shown an unbounded ceiling on scalability. Currently, BSV is the world\u2019s largest public blockchain by all major utility metrics\u2014from data storage to daily transaction volume, and scaling ability as well as average block size.Energy requirements for BTC also remain high and increase with difficulty compared to BSV where the amount of energy required decreases significantly as block size increases. Free transactions can be intentionally ignored by BTC miners and potentially never be processed. Free transactions on BSV can and do occur within blocks due to its superior scalability.\u00a0\u2018Satoshi\u2019s original vision of an electronic cash and payment system, as previously defined, implies the biggest limitation of BTC is the small block size and growing fees to send transactions,\u2019 concludes the report.Understanding the original vision of Satoshi was meant to be an improved way of sending and receiving transactions online or \u2018peer-to-peer\u2019 with a lower probability of losing personal data and eliminating the problem of double spending. It is sought to be an efficient means of internet payments including micropayments. While the original Bitcoin protocol provides opcodes for that specific purpose, BTC has disabled many of those original opcodes throughout its development, which has greatly inhibited its ability to perform effectively.After examining Bitcoin Core and Bitcoin Satoshi\u2019s Vision compared to the original vision set forth in the whitepaper, forum posts, emails, and other writings by Satoshi, it is our opinion that Bitcoin Satoshi\u2019s Vision is the implementation that currently best represents what Satoshi originally intended, the report states.The report additionally brings to light the numerous ways the blockchain has already begun to have a positive impact on business and industry. Following Satoshi\u2019s original vision, the BSV blockchain is the odds-on favorite to provide the greatest amount of future growth in this space."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Cryptocurrency","item":"https:\/\/techloot.co.uk\/cryptocurrency\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"MNP Report Shows BSV, Not BTC, is the Real Bitcoin","item":"https:\/\/techloot.co.uk\/cryptocurrency\/mnp-report-shows-bsv-real-bitcoin\/#breadcrumbitem"}]}]