Bitcoin SV ranks #44 of 508 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #129: 85 of the 128 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 117 non-native assets CoinSpectrum lists above it by market cap, about 56% are claims on other assets, 38% are tokens and 7% are memecoins.
| CoinSpectrum Grade | A · 81/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #44 |
| Rank counting claims | #129 |
| Market capitalisation | $354M |
| Price | $17.60 |
| Circulating supply | 20,103,153 BSV |
| Maximum supply | 21,000,000 BSV |
| Consensus family | Proof of Work |
| Consensus mechanism | SHA-256 |
| Own hashrate | 195 PH/s |
| Network purpose | Decentralized storage |
| Ledger type | Overlay-asset ledger |
| Launch distribution | No premine |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
A — 81 out of 100, provisional (from 16 of 17 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 76 to 83 (A to A+).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 10 | group average |
| Consensus: leader ladder | 10 | Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 10 | Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards | 7.1 | group average, 5 of 6 measured |
| Properties (10 whitepaper checks) (Source) | 7 | 7 of 10 passed source |
| Anyone can mint (permissionless) | ✓ | SHA-256 |
| Limited supply | ✓ | fixed maximum of 21,000,000 |
| No pre-issuance or developer mint | ✓ | |
| No developer tax | ✓ | |
| No authority that 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. |
| No central team | ✗ | 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. |
| Fees under one cent | ✓ | typical fee $0.000004 |
| Payments safe to accept within seconds | ✓ | SV Node relays the first-seen transaction and has no replace-by-fee, so zero-confirmation payments are protected by first-seen relay. |
| UTXO ledger | ✓ | |
| Privacy built into the protocol | ✗ | |
| Scalability (fees, throughput, block time, block space) | 9.6 | average of 4 measures source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.000004 |
| Throughput (1,000 transactions a second or more 10) | 8.3 | 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 (32 MB or more 10) | 10 | 4000 MB limit |
| Security (9 checks) | 4 | 4 of 9 passed source |
| Miners paid over $1 million a day | ✗ | about $7,920 a day |
| Miners paid over $100,000 a day | ✗ | |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | |
| Largest pool or validator under 50% | ✓ | 20.5% |
| Largest three under 75% | ✓ | 50% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✗ | 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. |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 2,900,000 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Decentralisation: who can mint (Source) | 10 | Proof of work: 10 of 10 on the ladder of who produces blocks |
| Decentralisation: nodes (Source) | 4.9 | 30 reachable nodes (distinct IP addresses at the chain's tip, crawled by CoinSpectrum on 2026-10-27; clearnet only) |
| Decentralisation: holder concentration (Source) | — | Not yet measured |
| Capabilities (protocol features) | 3.3 | 2 of 6 passed source |
| Decentralisation | ||
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | SV Node relays transactions directly. |
| Light clients verify payments from headers or proofs, without a trusted server | ✓ | Bitcoin-style SPV with headers and Merkle proofs. |
| Scalability | ||
| Pruned nodes: a full node can validate and drop old history | ✓ | SV Node -prune deletes old blocks. |
| Native payment channels or instant payments | ✗ | SV Node double-spend notifications are relay warnings, not protocol-enforced instant confirmation, and no payment-channel network runs on the chain. |
| Security | ||
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | No confidential transactions. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | No sender or receiver hiding. |
| Issuance | 10 | group average |
| Premine (allocated at launch) | 10 | Fair launch: no premine |
| Fundraising | 10 | No sale of the coin |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners who produce blocks |
| Supply & Demand | 8.1 | group average |
| Supply & Demand (Source) | 6.1 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 22 exchanges |
| Volume rank among the top 200 | 0 | $3,045,029 traded in 24 hours; #248 by volume on the exchanges the site reads (ranked on the median day of the last 30, $4,925,546) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 7 | 1.4% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 6.4 | $291,018 within 2% of the price on 4 exchanges, 0.08% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 6.4 | $354M, 6.4 on a scale of 2.5 points per tenfold |
| Futures exposure (open interest ÷ market cap, less is better) | 7 | perpetual open interest 2.0% of its market cap |
| Supply (smaller is better) | 10 | fixed maximum supply of 21 million |
| Record | 8 | group average |
| Record (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). |
| 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, improvements, unfixed issues) | 5 | 3 positive, 3 negative, 2 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 374 commits in 11 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. |
| 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 |
| 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. |
| 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, with no addr rate limit; still in Bitcoin SV v1.2.3. |
| 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. |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Shipped a scaling upgrade in two years | – | |
Seventeen criteria, weighted equally. The Cryptocurrency Standards group four parts: properties (ten checks drawn from the Bitcoin whitepaper), scalability (four measures), security (nine checks) and decentralisation (three scales). Provisional: criteria 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.
20,103,153 of a maximum 21,000,000 BSV are in circulation — 95.7% of the total that will ever exist.
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.
Bitcoin SV is secured by 195 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.
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.
Bitcoin SV is #44 among cryptocurrencies and #129 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 85 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).