HomeNewscoinquora.comBitcoin SV’s STN Achieves New Record With 9,000 TPS

Bitcoin SV’s STN Achieves New Record With 9,000 TPS

- Advertisement -


  • Bitcoin SV testing network reached 9,000 TPS for the first time.
  • The STN shares technology with the BSV mainnet.
  • The simulation was run on the improved v1.0.7 software.

Bitcoin SV (BSV) recently achieved a new record by processing 9,000 transactions per second (TPS) on January 26, 2021. BSV set this new record through its Scaling Test Network (STN).

The STN is more than just a testing network as it closely shadows the altcoin’s mainnet. Meaning, this new record proves that the BSV network is capable of processing higher volumes. According to the press release, this achievement is 2,500 points higher than the previous record set in 2019.

Currently, the network currently processes a maximum of 7 TPS and is grossly under-utilized. Further, the new record should disprove the theory that Bitcoin cannot scale on-chain. The STN utilized increasing chain lengths on the improved V1.0.7 software. These changes helped in optimizing bulk transaction processing.

Previously, the network has recorded a sustained 1,900 transactions over 8 hours. STN Operations Manager Brad Kristensen said,

We have a lot of levels to test to find the optimum throughput, assuming our only goal is chasing peak tps. However, the sustained rate is more important I think and where the real power of Bitcoin is. Sustained tps over long periods is where we hope to see continued repeatable gains in the year ahead.

Kristensen is one of 50+ BSV expert developers working toward sustained BSV processing capacity and creating trust in its technology.

Read also: Top 10 Crypto Predictions in 2020 and 2021



Source link

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,580FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 44,994.00
ethereum
Ethereum (ETH) $ 3,257.50
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 360.48
litecoin
Litecoin (LTC) $ 142.42
eos
EOS (EOS) $ 2.74
okb
OKB (OKB) $ 23.42
tezos
Tezos (XTZ) $ 4.46
leo-token
LEO Token (LEO) $ 6.49
cardano
Cardano (ADA) $ 1.21
monero
Monero (XMR) $ 185.40
stellar
Stellar (XLM) $ 0.241199
chainlink
Chainlink (LINK) $ 18.67
huobi-token
Huobi Token (HT) $ 10.04
tron
TRON (TRX) $ 0.071628
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 117.43
neo
NEO (NEO) $ 25.26
iota
IOTA (MIOTA) $ 1.01
nem
NEM (XEM) $ 0.118772
zcash
Zcash (ZEC) $ 127.82
maker
Maker (MKR) $ 2,309.70
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 36.50
vechain
VeChain (VET) $ 0.067987
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 48.34
kucoin-shares
KuCoin Token (KCS) $ 21.23
waves
Waves (WAVES) $ 11.95