Bitcoin SV network demonstration wows developers in China

Even when put on the spot, the Bitcoin SV (BSV) blockchain has proven that it can handle a large amount of transactions. It had to recently, when Aaron Zhou conducted a network demonstration for developers interested in working on the BSV chain.

At a two day BSV event held in Hangzhou, China, with over 100 attending, 16 speakers spoke to the crowd about their experiences and hopes for the BSV ecosystem.

On September 20, 35 developers attended from companies like Mempool, Weiblock, Cityonchain, Bitmesh, and RelayX. They 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 there to perform a network demonstration. 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 obliged by firing off 700,000 transactions in just under an hour 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.

While the demonstration was running, the developers chatted warmly, discussed the results as the event wound up. 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.

But for any developers out there looking to recreate this test themselves, please don’t forget that the Bitcoin Association’s Bitcoin SV Node project encourages you to use the Scaling Test Network (STN). It’s been perfectly set up for enterprises to see exactly how their applications will perform on a blockchain that can scale massively.

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.

To receive the latest CoinGeek.com news, special discounts on CoinGeek Conferences and other inside information direct to your inbox, please sign up for our mailing list.