Bitcoin SV (BSV) surpasses BTC blockchain in data size

2021-6-5 19:18

The Bitcoin Association, a Switzerland-based organization that works to advance business on the Bitcoin SV blockchain, has cited today that the Bitcoin SV (BSV) blockchain surpassed BTC in accumulated data size; demonstrating the ability of the network to scale without limits.

On May 16th, 2021, the accumulated growth (in data size) of the BSV blockchain surpassed the BTC blockchain for the first time, with the total data stored on-chain reaching 352.9 GB on the BSV network compared to 352.4 GB on the BTC network. Since then, BSV continues to extend its lead, increasing the amount of data stored on-chain to 367.43 GB compared to 355.23 GB on BTC as of June 4th, 2021.

BSV

The BSV network offers high throughput (having already sustained over 5,100 transactions per second and expected to demonstrate 50,000 transactions per second throughput later this year) at extremely low cost (the median transaction fee on the BSV network in 2020 was less than 1/50th of a U.S. cent).

In contrast, the BTC network imposes a default block capsize of only 1 MB (with block weight up to 4 MB), limiting its network to 7 transactions per second on-chain – requiring higher transaction fees and restricting the utility of its network to high-value and ‘store of value’ transactions.

On March 14th, 2021, the BSV network processed a record 638 MB block (#678301 mined by TAAL Distributed Information Technologies) comprised of 2,674 transactions, including several large mixed-media files. That block broke the previous world record for biggest block size – which also occurred on the BSV network – from May 16th, 2020, when a 369 MB block (#635141, also mined by TAAL) containing 1.3 million individual transactions.

Transactions on the BSV blockchain originate from the array of businesses leveraging the diverse functionalities offered by the BSV network – including simple payments, tokens, social and digital media content, online game activity, and timestamping records – in addition to the business, consumer, and public sector data managed through the chain.

The post Bitcoin SV (BSV) surpasses BTC blockchain in data size appeared first on CryptoNinjas.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 61291.12 (-0.51%)
Объем 24H $13.242b
Изменеия 24h: 0.20 %, 7d: -4.22 %
Cегодня L: $60739.69 - H: $61710.12
Капитализация $1207.275b Rank 1
Цена в час новости $ 37680.46 (62.66%)

bitcoin blockchain size data bsv btc ability

Источник: cryptoninjas.net

bitcoin blockchain → Результатов: 126


Фото:

Blockchain Beyond Bitcoin: Exploring the Revolutionary Potential of AI Crypto

Blockchain, the decentralized and immutable ledger technology, gained fame as the backbone of Bitcoin cryptocurrency, enabling secure and transparent transactions without intermediaries. While the popular narrative often revolves around Bitcoin and other cryptocurrencies, the true potential of AI crypto goes far beyond digital currencies.

2023-6-3 01:17


Криптоактивы под защитой! С 22 по 28 февраля билеты на Blockchain & Bitcoin Conference Moscow 2022 доступны со скидкой 30%

Как приумножить криптоактивы и сохранить их в безопасности? Что ждет держателей цифровой валюты в ближайшем будущем? Эти и другие вопросы лидеры индустрии обсудят 29 марта на Blockchain & Bitcoin Conference Moscow 2022.

2022-2-23 10:00


25 мая в Киеве состоится Blockchain & Bitcoin Conference

25 мая в Киеве, в конференц-холле «Оазис», пройдет Blockchain & Bitcoin Conference, посвященная трендам криптовалютной индустрии и перспективам развития украинского рынка виртуальных активов.

2021-5-9 13:01


Фото:

Bitcoin Suddenly Jumps by $1,000 on Futures Expiry and President Xi’s Blockchain Endorsement

Bitcoin has jumped in six minutes from $7,800 to $8,500 after rising since yesterday’s low of circa $7,400. That’s on increased volumes with the price fall earlier this week now... The post Bitcoin Suddenly Jumps by $1,000 on Futures Expiry and President Xi’s Blockchain Endorsement appeared first on Trustnodes.

2019-10-26 19:33


Фото:

Analyst Looks to Blockchain Data to Explain Why Bitcoin is Still ‘Bullish’

Market analyst Jesus Rodriguez believes that investors should consider blockchain datasets when devising their Bitcoin investment plans. Blockchain data helps with crypto investing On August 12, Invector Labs chief scientist, Jesus Rodriguez, took to Hackernoon and made his case as to why he believes Bitcoin remains bullish despite correcting from $13,800.

2019-8-13 13:00


Is Bitcoin’s Consensus Algorithm Outdated? What Are the Alternatives?

As a field of computing and as an industry, blockchain technology has moved far beyond that of Bitcoin, not just in magnitude but in sophistication. While Bitcoin did (and to an extent still does) a fantastic job of introducing blockchain and decentralization to the public, it only scratches the surface of what is possible within […] The post Is Bitcoin’s Consensus Algorithm Outdated? What Are the Alternatives? appeared first on CaptainAltcoin.

2019-7-31 15:50


Can Blockchain solutions cure healthcare woes?

Blockchain has been the buzzword in the tech industry for the past few years since Bitcoin and other cryptocurrencies have surpassed other assets in terms of value. Bitcoin seems to satisfy one use case and sticks to it while other projects have forked, built and innovated on Bitcoin’s core promise of a decentralized, trust-less environment […] The post Can Blockchain solutions cure healthcare woes? appeared first on AMBCrypto.

2019-7-18 17:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Quantum Generation and Plato to deploy a space-based quantum network by 2027

Quantum Generation (QG), a space-based decentralized banking, exchange, data storage, and social platform, announced today with Plato, an open intelligence repository and platform that curate’s the latest data intelligence, that the two teams will deploy a decentralized space-based quantum network by 2027.