News by Coingeek: Derek Tonin
Even when put on the spot, the Bitcoin SV (BSV) blockchain has proven that it can handle massive amounts of transactions. It had to recently, when the Bitcoin Association conducted a network demonstration for developers interested in working on the BSV chain.
The two day event was held in Hangzhou, China, with over 100 attending. On September 19, 16 speakers spoke to the crowd about their experiences and hopes for the BSV ecosystem.
On September 20, the Bitcoin Association conducted the Developers Dialogue, with 35 developers attending. Members of Mempool, Weiblock, Cityonchain, Bitmesh, and RelayX spoke to the assembled talent about their projects and thoughts about building on Bitcoin. To stress to the developers how capable the BSV network is in handling large loads, BSV supporter Aaron Zhou was invited. You might remember him from a 2 million transaction test from August 2019.
He was asked to show what the blockchain was capable of once again, and he pulled it off. In a massive demonstration, Zhou fired 700,000 transactions in just under an hour into the blockchain in at 9:00am UTC.
The demonstration can be seen on the blockchain starting at block 600824, where SVPool mined a 33MB block of 127,767 transactions. The final, and biggest block, was mined by CoinGeek, at 97MB and 365,832 transactions.
Lise Li, the Bitcoin Association’s China Manager, commented that while the demonstration was running, the developers chatted warmly, and they discussed the results at the end of it. They were pleased to note that the blockchain was able to handle all of it without a hiccup, and took note of how different mining pools take their own strategies in how they set limits on what they’ll mine.
For anyone invited to attend this demonstration, it’s a perfect example of how the BSV chain isn’t just big blocks in theory or testing, but big blocks anytime it’s necessary. This would be an inspiring show for developers looking to get their enterprise on the BSV blockchain: they’re now certain the BSV can handle their data whenever necessary.