Beingcrypto has mentioned that the hard fork upgrade is going to make three changes.

First of all, the Genesis will be removing the current hard cap on block size. This will, in theory, increase the transaction volumes. At present, the block size limited to 2G, but after the change, it will become unlimited.

Secondly, the second aim of the Genesis is to restore the vanilla Bitcoin protocol which is

BSV team believes that P2SH brings privacy and security issues. It also breaks the smart contract function and privacy model originally designed by Bitcoin. P2SH is an address type and is an acronym of Pay to the Script Hash.

This address begins with a 3. It is the most commonly used Bitcoin address type. Lastly, the Genesis is also going to stabilize the agreement. The current agreement would revert to the original one.

Satoshi Nakamoto proposed the original Bitcoin vision in 2009. The BSV team stated that a stable agreement is necessary to ensure that the data executed on a block is not only valid for one or two years, but over a hundred years.

The official statement made by the BSV team states that the team considers Genesis to be more like a fix and not an upgrade.

Earlier, Jimmy Nyugen, the Chairman of the BSV foundation, mentioned that the significance of Genesis is, A world in which all types of data, transactions and digital activities can be chained on a public blockchain, just like the current world Works the same online on the public internet.

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BSVs Upcoming Upgrade Will Increase The Block Size From 2G To Infinite - The Coin Republic