WHY BITCOIN SV

Bitcoin is a peer to peer electronic cash system

WHAT IS BITCOIN

Bitcoin is a peer-to-peer electronic cash system . It came to light in October 2008 when the Bitcoin Whitepaper was first released into the public by its creator, Satoshi Nakamoto. (You can see a caption of the original Whitepaper on the left).

The beauty of Bitcoin is that it allows electronic payments to be sent directly from one party to another, without requiring a central institution to process the transactions.

Bitcoins are created by high powered computers that need to solve immensely difficult cryptographic puzles in order to earn them. The puzzles get more and more difficult over time, requiring and enormous amount of computing power to solve. Anybody can participate. Only 21 million will be produced.  

WHY DO WE CHOOSE BITCOIN SV

We have chosen Bitcoin SV as the method of payment because it is the original bitcoin as conceived by Satoshi Nakamoto, allowing instant frictionless transactions. We decided not to use Bitcoin BTC because it currently has an average fee of $8 per transaction.

In order to receive prize money, please download any of the following Bitcoin SV wallets:

 
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