Tech 1 month ago

Jasmine Solana

Bitcoin Cash Professional Stress Test all set for Nov. 17

The biggest test ever conducted on a public blockchain is coming to Bitcoin Cash (BCH)—the Bitcoin Cash Professional Stress Test.

November is shaping up to be the busiest month for the Bitcoin BCH community. On November 15, the network will execute another network upgrade, with Bitcoin SV entering as a new full node implementation for the BCH blockchain, intended to advance the Satoshi Vision of Bitcoin’s original protocol design and with a plan for faster scaling to bigger blocks on BCH. Bitcoin SV will raise the maximum default block size to 128MB (from its current 32MB) as another step toward massive on-chain scaling, in addition to re-enabling of the original “Satoshi” set of op_codes, particularly OP_MUL, OP_LSHIFT, OP_RSHIFT, and OP_INVERT.

To put the newly-upgraded network to a test, the team behind the successful September 1 BCH stress test is gearing up for yet another professional stress test on November 17—two days after the protocol upgrade. The BCH stress test team operates independently of the BCH implementation groups.

“We are aiming to process over 24 million transactions within a 24 hour period on the main BCH chain. Processing over 24 million transactions will showcase the Bitcoin BCH network capacity today, and will be a positive signal for merchants, businesses and investors, giving them confidence in the Bitcoin BCH network and its ability to scale on-chain,” the stress test team stated on its website.

A “Taste Test” of the Bitcoin Cash Professional Stress Test will take place on November 1 at 12:00 UTC, followed by a Warm Up Test on November 10 at 12:00 UTC. The Main Test is scheduled for November 17 at 12:00 UTC.

The November professional stress test will use the same TX blaster that was created for the original stress test, but with significant upgrades to enable it to handle higher volumes of transactions for longer periods of time. The upgraded TX Blaster, according to the organizers, manages incoming UTXOs into transaction parcels which it then blasts onto the network, generating large numbers of transactions very fast.

To help fund the stress tests, the team is asking for contributions from the Bitcoin BCH community.

For its warm up test on November 10, which will demonstrate the TX blaster’s capability of generating 1 million transactions, the team has set a goal of raising 5-10 BCH. The funds will be received into a multisig address managed by the team, and all excess funds will be held over for the main stress test.

For the main event test on November 17, the team has set up a range of tiered sponsorship levels, each representing a slice of the per-second transaction volume that will be broadcasted to the network during the 24-hour duration of the test. Additional funds received beyond the targeted 300tx/second will be used to extend the duration of the stress test.

To register as a sponsor for the Professional Stress Test, visit the official website. 

Fall’s most important Bitcoin BCH conference

Capping off the eventful November is the CoinGeek Week Conference in London on November 27-30. The four-day conference will kick off with Miners Day—an invitation-only event designed to help cryptocurrency miners better understand how mining is evolving and where miners can discuss latest advancements in the BCH community, such as the new Bitcoin SV implementation for Bitcoin BCH.

What did we tell you about Bitcoin BCH’s jam-packed November? Secure your seats now to CoinGeek Week via Eventbrite, and be part of the cryptocurrency revolution.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Satoshi Vision (BSV) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BSV is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

COMMENT

Add a Comment

lastest news

Developer shows how double spending can occur on Bitcoin SV misses mark

Tech 10 hours ago

Developer shows how double spending can occur on Bitcoin SV misses mark

One of the reasons cryptocurrency hasn’t taken off as an alternative to fiat as quickly as many enthusiasts would like is because there is generally a wait time associated with the transactions. This delay is ...

Read More
Craig Wright explains safety of zero-confirmation transactions

Tech 16 hours ago

Craig Wright explains safety of zero-confirmation transactions

Merchants can accept payments with confidence when engaging in instant transactions, as Bitcoin SV is suited for real-world trade. nChain chief scientist Dr. Craig Wright explained in a blog post that double spend attacks, where ...

Read More
Binance launches sub-accounts to service institutional investors

Tech 18 hours ago

Binance launches sub-accounts to service institutional investors

Binance has announced the launch of a sub-account feature that brings improved managerial control and asset audit tools for institutional account holders. The new feature will allow these account holders to create up to 200 ...

Read More