Bitcoin SV utilizing nchain achieves 1.42 GB blocks

Bitcoin SV utilizing nchain achieves 1.42 GB blocks

Bitcoin SV (BSV) is proving it's capable of that massive scaling, with the nChain BSV Node Team, with the help of the Satoshi Shotgun team, showing on the Bitcoin SV Scaling Test Network (STN) that they can now achieve 1.42GB blocks.

The team conducted the tests on May 21, and had the plan of testing bigger block sizes in 200MB increments, until they hit either 1GB or started encountering a natural limit in the software. These increased block size tests were made possible by the recent upgrade to BSV 0.2.0, which now allows block sizes of up to 10GB on the testnet.

They were able to surpass previous records and mining five 1GB+ blocks in total, with two at 1.42GB.  The biggest block handled 359,793 transactions, which is quite a feat when compared to the narrow capacity of Bitcoin Core (BTC).

Bitcoin Association Founding President Jimmy Nguyen also had something to say about the test. "Big blocks, big businesses," he began, focusing on the ultimate end goal of bigger blocks. "With these impressive test results, Bitcoin SV continues its path to massive scaling to become the global enterprise blockchain – just like Bitcoin's creator Craig S. Wright (Satoshi Nakamoto) always intended."

Remarking on how other so-called Bitcoin developers, like the BTC team, have strayed, Nguyen noted, "The other projects which claim Bitcoin's mantle have abandoned that vision, but we are building the original Bitcoin every day now on Bitcoin SV." 

The developers behind the BSV also had plenty to say about this recent success. Daniel Connoly, BSV's lead developer, wrote: "These achievements show that we're on the right path with our improvements to the node implementation, but more importantly, they show that Bitcoin, as originally designed, scales."

Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Source: Bitcoin SV press release
Home

Copyrights © 2021 The Unlock Company DMCC

Stay updated with the latest Blockchain news. Subscribe and never miss a story!