The rewards-based social network being developed by Block.one has reportedly switched away from running on the EOS public blockchain.
Bitcoin SV (BSV) is “in some ways the purest form of bitcoin,” according to a panel of crypto experts at a recent Deconomy Forum event in South Korea.
The Bitcoin SV team, using the Scaling Test Network, have proven that with a few minor adjustments, BSV is cleared to handle 1GB+ blocks.
Coming soon will be a network upgrade called Quasar, which is currently scheduled for July 24 and centers on increased scaling capabilities.
We spoke with Steve Shadders about his team’s 128MB block breakthrough, and what this means for Bitcoin SV.
BSV has once again proven how easy it is to increase the network’s scalability. The Scaling Test Network (STN) has been able to maintain an average block size of 128MB in 24 hours, and an average size of 128MB across 144 blocks.
Bitcoin Core’s backlog of transactions has increased as developers are suggesting a reduction in the block size.