Largest Professional Blockchain Stress Test Due In November For Bitcoin Cash

2018-11-1 19:43

Largest Blockchain Stress Test Due In November For Bitcoin Cash

Bitcoin Cash, the cryptocurrency that forked from bitcoin after disagreements developed over how to proceed on scalability, is all set to stress test for the next round of network upgrades.

Bitcoin SV Upgrade

On November 15th, the Bitcoin Cash will go through a complete network upgrade titled Bitcoin SV. The SV stands for Satoshi’s Vision. The upgrade is named such since the BCH team believes it will be executing the vision Bitcoin’s creator, Satoshi Nakamoto saw the world’s first decentralized cryptocurrency will achieve one day.

The upgrade will see the maximum block size of the network increase from its current 32MB to an astounding 128MB. The upgrade means a massive on chain scaling upgrade. In addition, Satoshi’s original op_codes will also be re-enabled.

#Bitcoincash stresstest

the next are scheduled:

Pretest 10Nov preparing for
main test 17Nov: 24 hours 24mill txns

all tests begin 12:00UTC@FranciscoMemor @CryptovestMedia @bitcoinsguide @RealCoinGeek @icoinspect @I_Priyamvada @newsbtc @realunhashed @CryptoGlobeInfo@TradeCpt

— Stress Test BCH (@StressTestBCH) October 31, 2018

Stress Testing

Two days after the upgrade will be executed; the BCH stress test team will start its main work. The stress team is confident of the upgrades. “We are aiming to process over 24 million transactions within a 24 hour period on the main BCH chain.” The team said,

“Processing over 24 million transactions will showcase the Bitcoin BCH network capacity today, and will be a positive signal for merchants, businesses and investors, giving them confidence in the Bitcoin BCH network and its ability to scale on-chain”

The first round of the test will be executed on 1st of November. This will lead to the secondary “warm up” test on the 10th. After the two tests are done successfully without any issues, the team will move forward to the main test planned on the 17th.

Transaction Blaster

The team will use the same transaction blaster technique it used in September to test the previous upgrade. The transaction, or TX Blaster, is a testing protocol that handles Unspent Transaction Output (UTXO) and manages them in transaction parcel that are then simultaneously sent on the network. This effectively puts the network under stress and thereby, determines actual load handling capabilities. The TX blaster is a lot more sophisticated and complex than the previous one.

The stress team operates independently of all others on the BCH community.

Donations And Sponsor

The stress test team will put load on the network with a warm up test comprising of 1 million transactions. For this purpose, the team is seeking donations of 5 to 10 BCH. Any donations in excess at the end of the warm up test will be used in the final test on 17th November.

For the main test, the team is using sponsorship to cover the expenses. The sponsorship is in the shape of multiple levels. Each level is a portion of the transaction volume that will be used for the 24 hour stress test.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95524.36 (+0.42%)
Объем 24H $66.593b
Изменеия 24h: 0.01 %, 7d: 3.16 %
Cегодня L: $93967.9 - H: $96238.42
Капитализация $1890.481b Rank 1
Цена в час новости $ 6445.44 (1382.05%)

bitcoin cash november test stress network due

Источник: bitcoinexchangeguide.com

bitcoin cash → Результатов: 126


Bitcoin Cash $BCH Takes The Spotlight While Bitcoin Battles Selling Pressure 

Bitcoin Cash ($BCH) positions itself as a user-friendly solution for daily transactions, boasting minimal fees and swift confirmations, ideal for routine purchases and micro-transactions. Despite its designed convenience, concerns are surfacing as traders exhibit Fear, Uncertainty, and Doubt (FUD) towards assets like Bitcoin Cash and Loopring, reflected in a surge […]

2024-1-25 23:15


Каковы перспективы Bitcoin Cash после роста на 140%?

На этой неделе цена Bitcoin Cash (BCH) взлетела более чем на 100%, достигнув 13-месячного пика в $235. Ключевые ончейн-метрики указывают на возможность продолжения ралли. Во вторник, 20 июня, состоялся официальный запуск EDX Markets.

2023-6-30 12:56


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Experts Back Cardano For 500% Gains or More

Cardano's ADA token has witnessed a significant surge over the past five weeks, climbing 300% to reach near two-year highs at $1.29 - but there's plenty more where that came from top analysts say.