Bitcoin Cash Stress Test Goes Beyond 24-Hours Setting New Records

Bitcoin Cash Stress Test Goes Beyond 24-Hours Setting New Records
фото показано с : news.bitcoin.com

2018-9-6 22:05

On September 1, Bitcoin Cash proponents led a community-driven stress test by sending millions of transactions in one day. In fact, the protocol’s miners processed 2.2 million transactions in 24-hours and processed massive sized blocks all day long. But the stress testing fun didn’t end there as many BCH supporters continued to flood the network with transactions. The next day saw upwards of 1.37M transactions, and September 4 data has shown participants still were going strong with 1.67M processed yesterday.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

The BCH Stress Test Went Well Over 24-Hours

The Bitcoin Cash (BCH) blockchain and network participants have celebrated a milestone this September as the peak of the BCH Stress Test Day saw 2.2M transactions processed on the first of the month. Moreover, BCH miners like Coingeek, Waterhole, BMG Pool, Viabtc and others processed many large blocks on September 1st between 4-15MB in size. Alongside this, transactions (tx) processed on the network reached about 23 tx/second for most of the day. However, even though the day was scheduled for only 24-hours, BCH stress test participants continued to send millions of transactions.

BCH transactions per day on September 1 touched 2.2M, on the second day of the month 1.3M tx per day, the third 450K tx per day, and on the fourth 1.6M transactions in one day.

The following day on September 2nd the network processed another massive 1.37M, but on the 3rd the network only processed 448,000. Now one would think after the lull things were over for BCH stress testers but they weren’t because, on Tuesday, September 4 the Bitcoin Cash network had touched 1.6 million transactions.

September 4, 2018, BTC and BCH confirmed transactions (24h averages) via Fork.lol

What’s even more interesting is the fact that BCH fees had the lowest median average in months. Back in June, it cost roughly $0.003 (one-third of a US penny) per transaction, which is still low, but during the stress test with millions of transaction, the network fees were about 0.001 per tx.

The 23MB Block

In addition to the lower than usual fees on September 4, block 546423 processed by BMG pool was a whopping 23.15 MB Bitcoin Cash Block that processed a record 97,318 transactions in one fell swoop. Now, this was a unique block indeed and many observers took notice of how this block propagated. The developer Jochen Hoenicke, otherwise known as ‘Johoe,’ detailed that there seemed to be a limit that he had noticed.

“It took 85 minutes to find this block and the mempool was continuously growing at a rate that seems to be close to the limit nodes can accept transactions,” Johoe details on the subreddit r/btc. Another Redditor asks, “Is this a hardware or software problem?”

The Bitcoin miner and developer Jonathan Toomim explains, “Mostly software, but it will affect nodes that have low-GHz CPUs before it affects high-GHz CPUs.” Toomim emphasizes.   

The typical variation we see in different machines in single-threaded performance is not that large, maybe 3x, and sometimes the most expensive CPUs are 16-core monstrosities that only get 2.4 GHz per core, which will perform a lot worse than a 2-core 3.8 GHz Core i3.

There’s still a lot of fine tuning that can be done, and these stress tests are giving BCH developers the chance to witness and record data concerning what happens when the network is pushed to certain limits. For a few days, the experimentation took people minds off of the fork debate and this kind of testing gave a glimpse of what the network can do on-chain. Overall BCH proponents enjoyed the stress test and remain confident that Bitcoin Cash can scale.

What do you think about the stress test results? Let us know what you think about this subject in the comment section below.

Images via Shutterstock, Twitter, and Disqus. 

At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

The post Bitcoin Cash Stress Test Goes Beyond 24-Hours Setting New Records appeared first on Bitcoin News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Chronologic (DAY) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 43.71 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.8376 (-100%)

stress bitcoin 24-hours test cash day transactions

stress bitcoin → Результатов: 34


Фото:

Bitcoin Cash Development is a Ghost Town, GitHub Data Reveals

Bitcoin Cash continues to receive criticism of its network setup as bitPico’s “stress test” unearths what the group describes as possible “fake decentralization. ” Empty Blocks, No Activity Data harvested from GitHub repositories for both Bitcoin (BTC) and Bitcoin Cash (BCH) has caused the latest in a series of stark contrasts of network performance to surface on social media in recent weeks.

2018-7-17 03:00


Всего один сервер контролирует 98% нод Bitcoin Cash

Разработчики майнинг-пула BitPico доказали централизацию альткоина BCH в результате стресс-теста сети Bitcoin Cash. Всего в одном серверном шкафу расположены 98% отображаемых нод, как утверждает BitPico.

2018-7-13 11:17


BitPico: 98% нод Bitcoin Cash контролирует один сервер

В результате стресс-теста сети Bitcoin Cash (BCH) разработчики майнинг-пула BitPico пришли к доказательству централизации сети этого альткоина. Как утверждается, 98% отображаемых нод расположены в одном серверном шкафу.

2018-7-11 18:41


Фото:

Bitcoin Cash: BitPico ‘Stress Test’ Claims To Show Node Centralization

A new discovery in BitPico’s “stress test” on Bitcoin Cash (BCH) has allegedly unearthed further evidence of the altcoin’s centralization. Nodes ‘In Same Server Rack’ According to the group, which began focusing its attention on BCH last month after conducting similar “test” on Bitcoin’s (BTC) Lightning Network, a number of full nodes on its network are “located in the same server rack.

2018-7-10 20:00


Фото:

Bitcoin Cash готовится к стресс-тесту. Как реагирует курс BCH?

Команда Bitcoin Cash решилась на эксперимент. Совсем скоро в сети криптовалюты будет проведён стресс-тест, в ходе которого группа, управляющая сайтом BCH Stress Test Day, планирует обработать миллионы транзакций в один день.

2018-7-3 16:50


В сети Bitcoin Cash начата подготовка к проведению стресс-теста

На прошлой неделе стало известно о том, что в сети Bitcoin Cash будет проведён стресс-тест, в ходе которого группа, управляющая сайтом BCH Stress Test Day, планирует обработать миллионы транзакций в один день.

2018-7-3 12:23


Фото:

‘Roger Ver Will Now Cry’: Stress Testers Start Attack on Bitcoin Cash

BitPico, a group of “Bitcoin developers, miners and whales” which previously stress-tested the Lightning Network, has begun attacking altcoin Bitcoin Cash (BCH). ‘The Bcash attack has been started’ In a series of tweets beginning June 22, the group, whose members’ identities remains unclear, declared that having tested Lightning’s mainnet implementation for rigidity via a coordinated attack, it would do the same to test the BCH network – this time using a 51% attack.

2018-6-26 20:00