Bitcoin-SV Dedicated Node

This digital asset was created in 2018 by an international team of developers. Bitcoin SV cryptocurrency has the designation BSV. It refers to the forks of Bitcoin. This is the name given to cryptocurrencies that inherited the basis of the program code from the main cryptocurrency. Letters SV stands for Satoshi Nakomoto's Vision. Thus, the developers of Bitcoin SV network emphasized the fact that their network is closer to the foundations set by the anonymous creator of the Bitcoin protocol. In many ways, the Bitcoin SV network aims to become more attractive to miners than the Bitcoin network (BTC). To do this, it uses technologies such as parallel transaction processing, parallel block validation, and block assembler - significantly reducing the size of the mempool. There are also special API settings that give more control to BSV miners and BSV node operators.

The Bitcoin SV (BSV) network has many differences from the Bitcoin (BTC) network. First and foremost, the differences relate to block size. In the BSV blockchain, the transaction block size is increased to 128 megabytes. At the same time, the Bitcoin SV network and the Bitcoin network are similar in many ways. Both have a genesis block, and the total number of coins is limited to 21 million. Like the original Bitcoin network, the BSV network uses the Proof-of-Work algorithm to validate transactions. Consequently, there is Bitcoin SV mining. There are financial incentives for miners of this cryptocurrency.

The Bitcoin SV cryptocurrency has inherited the Bitcoin node system almost unchanged. A Bitcoin SV client program automatically becomes a light BSV node. Since light BSV nodes only forward transactions, they are also often referred to as relay BSV nodes. Transactions in the Bitcoin SV network are forwarded between light BSV nodes until they reach a full Bitcoin SV node. A full transaction check by a full Bitcoin SV node is needed to decide whether to include the transaction in the blockchain or discard it. As in the BTC network, there are no financial incentives for owners of full Bitcoin SV nodes. Nevertheless, full Bitcoin SV nodes are an important factor in the security and integrity of the Bitcoin SV network. They are also necessary for developers of dApps, web3 applications and blockchain smart contracts. In addition to public nodes infrastructure, there is a private node infrastructure in the Bitcoin SV network.

BSV super nodes, or BSV dedicated servers have higher computational power and bandwidth than a full Bitcoin SV node. They are needed for developers who use WebSockets blockchain API, JSON RPC blockchain API and other tools. BSV super node requires a computer with at least 16 core CPUs,64 GB of RAM and a 1 GB up and down internet connection. The best solution for setting up a BSV dedicated node would be a blockchain node as a service. It will save you a lot of hassle of installing, configuring and maintaining the BSV dedicated server.

Based on the Bitcoin SV blockchain, a variety of web 3 applications, dApps and blockchain smart contracts. To work with analytics and archive data, archive blockchain nodes (history blockchain nodes) need to be configured. This is an important element when creating trading bots, such as TradeButler bot.

Before launching applications in mainnet Bitcoin SV, developers check their functioning in testnet Bitcoin SV. Coins in testnet Bitcoin SV have no value. Both mainnet Bitcoin SV and testnet Bitcoin SV have almost identical parameters - the main difference is in the parameters of Bitcoin SV nodes that are connected to.