Bitcoin SV network sees 700% surge in activity as BSV conference begins

2020-10-1 14:04

It seems that users on the BSV network are super pumped  for the BSV conference after data revealed a massive surge in Bitcoin SV activity

The volume of active addresses as well as transaction counts on the network saw an exponential jump in a space of two days. This upturn came at a time when the crypto community was gearing up for the CoinGeek Live conference in New York. It doesn’t take a lot to connect the dots and attribute the upswing to the ongoing conference.

The number of active BSV addresses aggressively rose to 947,400 as of today from 110,000 on Monday. The swell translated to a staggering increase rate of 761% in just 48 hours ahead of the CoinGeek Live event. The event started yesterday at 9 AM (GMT-4) and is scheduled to end on Friday.

The overwhelming upsurge provoked reactions from the crypto community on social media. Arthur van Pelt posted a tweet with a chart pointing out that the BSV network had surpassed the Ethereum network. He then followed it up with a comment we can only assume was sarcastic, “Seems legit. Organic Growth I think. Has nothing to do with #CGLive I bet”.

By the same token, the number of transactions on the network increased from 0.715 million  to 1.75 million — more than double the initial figure. This represents an astonishing growth rate of 145% in two days. The average transaction values, however, saw a two-thirds dip.

That said, there’s still a possibility that the surge was just a coincidence. In the past, the network has shown a couple of peculiar bursts of activity. Back on July 10, the number of transactions jumped to 5.5 million. Before this, in the last week of June, active addresses shortly exceeded one million.

Among the notable figures in the CoinGeek Live conference is Bitcoin Association President Jimmy Nguyen. Nguyen emphasised that Bitcoin SV has incentives to urge against bad behaviour. He lauded Bitcoin SV as “the foundational rule set for an entire network,” with the purpose of “re-inventing the internet.”

The post Bitcoin SV network sees 700% surge in activity as BSV conference begins appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin SV (BSV) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $30.26
Капитализация $0 Rank 99999
Цена в час новости $ 175.21 (-100%)

bsv network begins bitcoin conference surge 700

Источник: coinjournal.net

bsv network → Результатов: 63


BSV Network Might End Up In The Crypto Graveyard As Its Blocks Are Getting Abandoned

BSV Network Might End Up In The Crypto Graveyard As Its Blocks Are Getting Abandoned Craig Wright lead Bitcoin Satoshi Vision network’s downfall is far from over, in the latest saga of the never-ending drama, BSV blockchain’s blocks are getting abandoned and the count has reached 6. What it means is, BSV network would have […]

2019-4-20 22:02


Popular Wallet Blockchain.com Adds Limited Support for Bitcoin SV (BSV) Token

Following the contentious hardfork that led to the creation of two versions of the controversial bitcoin cash (BCH), Blockchain.com (formerly Blockchain.info), the makers of one of the most trusted bitcoin wallets has announced partial support for BSV, after closing monitoring the network since November 15, 2018, when the fork took place, according to a blog […]

2019-1-24 00:36


BSV Leader Craig Wright: Simplified Payment Verification System Will Be Patented Only for Bitcoin SV

Craig Wright, Bitcoin SV’s chief proponent and evangelist has stated that its Simplified Payment Verification (SPV) system will only be exclusively available on the Bitcoin SV network. He revealed this in a tweet posted on his handle, where he stated that he has filed a patent for the technology. This is coming in the wake […]

2018-12-11 19:51


Craig Wright-Led Bitcoin SV (BSV) Plans To Accommodate Billions Of Users To Fulfill Satoshi’s Vision

Bitcoin SV To May Accommodate Billions Of Users In The Near Future The fallout from the split between Craig Wright’s Bitcoin Cash Network (BCH), and nChain’s Bitcoin Satoshi Vision (Bitcoin SV) has taken a new dimension, with the latter declaring its ambitious goal to build a platform that will be used by billions of people […]

2018-12-4 23:10


Фото:

Bitcoin Cash ABC update exposes potentially catastrophic vulnerability

It hasn’t been long since the monstrously wasteful hash wars began, but it already seems both newly spawned blockchains are running into potentially crippling technical difficulties. Shortly after BSV (nChain’s implementation of Bitcoin Cash) suffered from a bug that split its network in two, it appears that BAB (Bitcoin-ABC’s implementation of Bitcoin Cash) has rolled out a software update that puts its entire network at risk of 51-percent attacks from rogue miners.

2018-11-21 20:52


дальше еще 14 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Robinhood delists BSV, bitcoin maximalists show gratitude

In a recent update, the U.S.-based financial service provider, Robinhood Markets, has announced the removal of BSV, also known as Bitcoin Satoshi’s Vision. According to the update, Robinhood will stop supporting BSV on Jan. 25, 2023, adding that other digital…

CoinMetrics: Сеть Bitcoin SV подверглась атаке 51%

Накануне вечером поступила срочная информация об атаке 51% на сеть Bitcoin SV. Об этом сообщил популярный сервис CoinMetrics со ссылкой на свою платформу Farum. Представитель команды CoinMetrics Лукас Нуцци в Твиттере уже подтвердил, что блокчейн BSV был атакован.