It took BSV miners less than a week to come to consensus and raise the block size hard cap to 2GB, a feat that other blockchain networks are constantly trying to figure out how to coordinate.
As demand for capacity on the mainnet continues to grow, miners have signaled that they intend to raise the block size ‘hard cap’ setting on their node to 2 GB. The change is set on August 13, 2021 at 13:00 (UTC).
Bitcoin Association and the Bitcoin SV Infrastructure Team recommends that honest node operators mark the illegal chains initiated by the attacker as invalid.
Bitcoin Association answers the most commonly asked questions about the July 2021 block withholding/re-organization attack on the BSV network.
TAAL is a proud advocate of Bitcoin Association and Bitcoin SV Infrastructure team, who provide key software for and help maintain the network that powers the solutions and services the company delivers to its clients.
Bitcoin Association is planning to file reports with law enforcement agencies and pursue other legal remedies against a malicious party who recently launched several attacks on the BSV, BTC and BCH networks.
Given the nature of the illegal attacks being carried out, it is in the best interests of the entire blockchain and digital currency industry to halt the illegal activity as quickly as possible.
The future is all about Teranode, the multi-threaded implementation of the Bitcoin protocol aimed at enterprise and which has unlimited capacity to scale, according to Steve Shadders.
The update introduces mobile client libraries with all-new functionalities, including push notifications for both iOS and Android devices.
With this new version, resource-hungry applications like CryptoFights should be able to make their complete debut with no practical limits, and the Bitcoin ecosystem should begin to see some very big blocks.
Over the past week, the Bitcoin SV Scaling Test Network regularly handled blocks of over 380MB, with close to 2 million transactions in each one.