BitBay (BAY) vs Bitcoin SV (BSV) Comparison

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BitBay (BAY) and Bitcoin SV (BSV) are both cryptocurrencies that have gained significant popularity in the digital asset market. In this review, we will compare and contrast the features, advantages, and disadvantages of each to help investors make an informed decision.

Overview and Background

BitBay is a decentralized marketplace that enables users to buy and sell goods and services using cryptocurrencies. It was founded in 2014 and has since expanded its services to include a cryptocurrency exchange, wallet, and other features.
Bitcoin SV is a fork of Bitcoin Cash that was created in November 2018. It aims to restore the original vision of Bitcoin as a peer-to-peer electronic cash system by increasing the block size limit and restoring some of the original Bitcoin protocol.

Technology and Features

BitBay utilizes a unique consensus algorithm called Proof-of-Stake-Time (PoST). This algorithm incentivizes users to hold onto their coins for longer periods of time by rewarding them with a higher probability of mining blocks. Additionally, BitBay offers a dual-powered blockchain, allowing for both public and private transactions.
Bitcoin SV, on the other hand, uses the same proof-of-work (PoW) consensus algorithm as Bitcoin, with a block size limit of 128 MB. It also includes some additional features such as pay-to-order transactions and an increase in the default number of opcodes.

Security

BitBay is a decentralized platform, meaning that there is no central point of failure. Transactions are recorded on the blockchain, which is immutable and secure. BitBay also offers two-factor authentication and multisignature wallet options to enhance security.
Bitcoin SV is secured by the same PoW algorithm used by Bitcoin, making it one of the most secure blockchains in existence. Additionally, it offers advanced security features such as replay protection and a limited block size to prevent spam attacks.

Adoption and Community

BitBay has a growing community and has seen significant adoption in Poland, where it is based. However, it still lags behind some of the more established cryptocurrencies in terms of global adoption and community.
Bitcoin SV has a dedicated and active community that supports its vision of restoring the original Bitcoin protocol. It has also seen adoption by some businesses, particularly in the gambling and gaming industries.

Price Performance and Outlook

BitBay has experienced some price volatility over the years, with its highest price reaching over $0.50 in early 2018. However, its price has since decreased significantly and currently sits at around $0.03. The outlook for BitBay is uncertain, with competition from other decentralized marketplaces and exchanges.
Bitcoin SV has had a tumultuous price history, with a high of over $400 in early 2020 before dropping to around $50 by the end of the year. However, its price has since rebounded significantly and currently sits at around $160. The outlook for Bitcoin SV is positive, with its focus on restoring the original Bitcoin protocol and its active community.

Conclusion:

In conclusion, both BitBay and Bitcoin SV have unique features and advantages. BitBay offers a decentralized marketplace with a unique consensus algorithm, while Bitcoin SV aims to restore the original Bitcoin protocol with increased block size limits and additional features. Both have active communities, but Bitcoin SV has seen greater adoption and price performance in recent years. Ultimately, investors should consider their individual needs and priorities when choosing between these two cryptocurrencies.

Company	BitBay (BAY)	Bitcoin SV (BSV)

User rating

	5 / 5 3 user reviews	4.4 / 5 9 user reviews

Cryptogeek rating

	4.4 / 5	3 / 5

Trust Score

How it works

	4.43 / 5	3.74 / 5

About

	BitBay (BAY) digital currency has been developed since 2014 with the eponymous market place being in operation from 2015. The coin is now listed on a few exchanges. You can purchase BitBay with fiat (hard) currency, such as USD or EUR, using a bank card.	Bitcoin SV is a Bitcoin Cash hard fork that took place in 2018 as an alternative to Bitcoin Cash ABC. One of the core developers of Bitcoin SV Craig Wright believes that Bitcoin SV is much closer to the initial idea of Bitcoin than Bitcoin Cash ABC. The dev team of Bitcoin SV is focused on fast transactions. Their goal is creating use case opportunities for Bitcoin. Bitcoin SV survived a series of delistings from several notable cryptocurrency exchanges and managed to keep its high position on the market. Bitcoin SV is one of the top 10 cryptocurrencies by market capitalization and its daily trade volume is similar to its rival Bitcoin Cash ABC.

Type

	coin	coin

Founding Date

	2014	2018

Country

	International	International

Languages

	No data	No data

Team

	Public	Public

Protocol

	No data	Public blockchain

Current price (USD)

	0.0142	70.3299

All-time high (USD)

	0.4553	441.2000

Price change (24h)

	2.96	2.36

Volume (24h)

	0.00000	11347659.21203

Hashrate

	No data	2000000000

Max Supply

	1029153366.00000	21000000.00000

Total supply

	No data	No data

Circulating Supply

	0.00000	19786612.50000

Transaction speed / Block time

	No data	8

Transaction fee

	No data	No data

Mining profitability

	No data	No data

Algorithm

	PoS	SHA-256

Proof type

	PoS	PoW

Fully premined

	No data	No data

Smart contract address

	No data	No data

Total coins mined

	1032709571.09159	18461214.58192

Is trading

	yes	yes

Block reward

	0.000000000000	6.250000000000

Block time

	64	No data

Company	BitBay (BAY)	Bitcoin SV (BSV)
User rating	User rating 5 / 5 3 user reviews	User rating 4.4 / 5 9 user reviews
Cryptogeek rating	Cryptogeek rating 4.4 / 5	Cryptogeek rating 3 / 5
Trust Score How it works	Trust Score 4.43 / 5	Trust Score 3.74 / 5

About	BitBay (BAY) digital currency has been developed since 2014 with the eponymous market place being in operation from 2015. The coin is now listed on a few exchanges. You can purchase BitBay with fiat (hard) currency, such as USD or EUR, using a bank card.	Bitcoin SV is a Bitcoin Cash hard fork that took place in 2018 as an alternative to Bitcoin Cash ABC. One of the core developers of Bitcoin SV Craig Wright believes that Bitcoin SV is much closer to the initial idea of Bitcoin than Bitcoin Cash ABC. The dev team of Bitcoin SV is focused on fast transactions. Their goal is creating use case opportunities for Bitcoin. Bitcoin SV survived a series of delistings from several notable cryptocurrency exchanges and managed to keep its high position on the market. Bitcoin SV is one of the top 10 cryptocurrencies by market capitalization and its daily trade volume is similar to its rival Bitcoin Cash ABC.
Type	Type coin	Type coin
Founding Date	Founding Date 2014	Founding Date 2018
Country	Country International	Country International
Languages	Languages No data	Languages No data
Team	Team Public	Team Public
Protocol	Protocol No data	Protocol Public blockchain
Current price (USD)	Current price (USD) 0.0142	Current price (USD) 70.3299
All-time high (USD)	All-time high (USD) 0.4553	All-time high (USD) 441.2000
Price change (24h)	Price change (24h) 2.96	Price change (24h) 2.36
Volume (24h)	Volume (24h) 0.00000	Volume (24h) 11347659.21203
Hashrate	Hashrate No data	Hashrate 2000000000
Max Supply	Max Supply 1029153366.00000	Max Supply 21000000.00000
Total supply	Total supply No data	Total supply No data
Circulating Supply	Circulating Supply 0.00000	Circulating Supply 19786612.50000
Transaction speed / Block time	Transaction speed / Block time No data	Transaction speed / Block time 8
Transaction fee	Transaction fee No data	Transaction fee No data
Mining profitability	Mining profitability low	Mining profitability low
Algorithm	Algorithm PoS	Algorithm SHA-256
Proof type	Proof type PoS	Proof type PoW
Fully premined	Fully premined No data	Fully premined No data
Smart contract address	Smart contract address No data	Smart contract address No data
Total coins mined	Total coins mined 1032709571.09159	Total coins mined 18461214.58192
Is trading	Is trading yes	Is trading yes
Block reward	Block reward 0.000000000000	Block reward 6.250000000000
Block time	Block time 64	Block time No data

Social

Website

	bitbay.market	bitcoinsv.io

Twitter

	@BitBayofficial	BitcoinSV

Website	Website bitbay.market	Website bitcoinsv.io
Twitter	Twitter @BitBayofficial	Twitter BitcoinSV

Advantages

	Advanced and industry-standard trading tools; Well-regarded trade system	Fast transactions Huge potential for scalability Plenty of utility with tokens, smart contracts, and more Strong developer support

Disadvantages

	No fiat currency deposit methods; Selected offerings are available to only Polish users	Not listed on several exchanges Hasn’t realized the full potential Relatively low volume

Rating

User rating	User rating 5 / 5 3 user reviews	User rating 4.4 / 5 9 user reviews
Cryptogeek rating	Cryptogeek rating 4.4 / 5	Cryptogeek rating 3 / 5
Advantages	Advantages Advanced and industry-standard trading tools; Well-regarded trade system	Advantages Fast transactions Huge potential for scalability Plenty of utility with tokens, smart contracts, and more Strong developer support
Disadvantages	Disadvantages No fiat currency deposit methods; Selected offerings are available to only Polish users	Disadvantages Not listed on several exchanges Hasn’t realized the full potential Relatively low volume

BitBay (BAY) user rating is 5, based on 3 user reviews. Bitcoin SV (BSV) user rating is 4.4, based on 9 user reviews.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?

BitBay (BAY)

Winner

Trust Score: 4.43 / 5

Compare with:

IOST (IOST), Ontology (ONT), Dynamic Trading Rights (DTR)

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Bitcoin SV (BSV)

Trust Score: 3.74 / 5

Compare with:

AdEx (ADX), Ontology (ONT), Peercoin (PPC)

Write review

Choose other companies

BitBay (BAY) features

At the moment BitBay (BAY) price is 0.142. Its 24h volume is 0.0. 24h price change is 3.96.

BitBay (BAY) max supply is 1,029,153,366.0. The circulating supply is 0.0.

Block reward is 0.0.

At the moment the number of coins mined is 1,032,709,571.916. Mining profitability is low.

BitBay (BAY) Cryptogeek user rating is 5, based on 3 user reviews.

Bitcoin SV (BSV) features

Bitcoin SV (BSV) price is 70.3299. Its 24h volume is 11,347,659.21203. 24h price change is 2.36.

Bitcoin SV (BSV) max supply is 21,000,000.0. The circulating supply is 19,786,613.5.

Bitcoin SV (BSV) hash rate is 2000000000. Bitcoin SV (BSV) transaction speed/block time is 8. Block reward is 6.25.

At the moment the number of coins mined is 18,461,215.58192. Mining profitability is low.

Bitcoin SV (BSV) Cryptogeek user rating is 4.4, based on 9 user reviews.

Some basic rules

When trading cryptocurrency, you should take into account the following rules:

Keep track of emotions

Put emotions aside and do not try to run after prices - the time will come and your token will go up. In a bull market, each asset has its finest hour.

Beware of hype

Transparency in the cryptocurrency market is a scarce commodity. Be on the lookout for everything you hear critically, and think about the possible reasons for the newsmaker before spreading the news.

Study the topic yourself, taking into account other people's opinions. Take the news critically. People name different reasons for the recent decline in the cryptocurrency market - these are :baseCompany futures, the Chinese New Year, the loss of interest in :baseCompany, and the downside game by large players ... However, it is possible that the whole thing is false news.

Don't be taken in by false news

An important lesson: do not believe the news, study the topic yourself.

Apply investments diversification strategy and risk management

Diversification is one of the oldest and most important concepts for an investor. Here's how to do it.

Low risk, high market capitalization: 40% of your portfolio. These are the safest and most stable investments, 10 leading tokens. Popular options: :baseCompany, :compareCompany, Neo, and so on. These tokens most likely have a great future, and in the event of market volatility, they will be least affected.
An average risk, average market capitalization: 30% of the portfolio. These are promising and developing projects with great growth potential from the top 50. Popular options: VeChain (VEN), ICON (ICX), Omisego (OMG), and so on.
High risk, low market capitalization: 30% of the portfolio. Here we are talking about active trading and highly profitable instruments, and constant attention is required. This category may include, for example, Red Pulse (RPX) and Internet Node Token (INT).

Lesson: never put all your eggs in one basket.

Do not store tokens on exchanges

Lesson: while tokens are stored on the exchange, do not consider them as yours.