Security
Enabling businesses to plan years in advance and commit significant resources to build on a stable protocol.
Bitcoin SV is secured with proof-of-work and proven cryptographic algorithms. It is a carefully designed system of incentives whereby the actors (miners and users) involved in the ecosystem are all highly incentivised to invest their time and money into using, maintaining, and improving the network.
The Bitcoin SV team has implemented a professionalised engineering approach to development, including a rigorous security and Quality Assurance process for its software.
Bitcoin SV aspires to levels of Quality Assurance exemplified by mission critical industries such as aerospace, medicine and national security. This has included engaging an industry-leading blockchain security audit firm to conduct the first-known security audit of any node implementation in Bitcoin’s history.
The focus on security and professionalised engineering in creating and maintaining Bitcoin SV demonstrates a commitment to build a technology ecosystem suitable for the world’s most talented developers and the world’s biggest enterprises.
Bitcoin’s technological underpinnings have now been ‘battle-tested’ for ~10 years with an effective ‘bug bounty’ in the billions for the last 5 years. This isn’t enough and thus Bitcoin SV offers a world-class bounty program that incentivises the world’s best engineers & researchers to help keep the BSV blockchain fast, scalable, disruptive, environmentally-efficient and regulation-friendly.
It encompasses many aspects of the Bitcoin SV code base and spans vulnerabilities and errors across all aspects of the BSV network, including the consensus model, proof-of-work mechanism, peer to peer protocols and network security. To find out more please visit our Bug Bounty Program.