BTC $48020.06 (-1.2%)
ETH $3435.58 (-2.0%)
USDT $0.99 (-0.1%)
BCH $635.81 (-0.1%)
BSV $159.74 (-0.0%)
LTC $180.37 (-2.1%)
BNB $410.03 (-1.8%)
ADA $2.37 (-1.1%)
DOGE $0.23 (-2.0%)
BTC $48020.06 (-1.2%)
ETH $3435.58 (-2.0%)
USDT $0.99 (-0.1%)
BCH $635.81 (-0.1%)
BSV $159.74 (-0.0%)
LTC $180.37 (-2.1%)
BNB $410.03 (-1.8%)
ADA $2.37 (-1.1%)
DOGE $0.23 (-2.0%)

Bitcoin SV’s STN Achieves New Record With 9,000 TPS

Bitcoin SV’s STN Achieves New Record With 9,000 TPS
  • Bitcoin SV testing network reached 9,000 TPS for the first time.
  • The STN shares technology with the BSV mainnet.
  • The simulation was run on the improved v1.0.7 software.

Bitcoin SV (BSV) recently achieved a new record by processing 9,000 transactions per second (TPS) on January 26, 2021. BSV set this new record through its Scaling Test Network (STN).

The STN is more than just a testing network as it closely shadows the altcoin’s mainnet. Meaning, this new record proves that the BSV network is capable of processing higher volumes. According to the press release, this achievement is 2,500 points higher than the previous record set in 2019.

Currently, the network currently processes a maximum of 7 TPS and is grossly under-utilized. Further, the new record should disprove the theory that Bitcoin cannot scale on-chain. The STN utilized increasing chain lengths on the improved V1.0.7 software. These changes helped in optimizing bulk transaction processing.

Previously, the network has recorded a sustained 1,900 transactions over 8 hours. STN Operations Manager Brad Kristensen said,

We have a lot of levels to test to find the optimum throughput, assuming our only goal is chasing peak tps. However, the sustained rate is more important I think and where the real power of Bitcoin is. Sustained tps over long periods is where we hope to see continued repeatable gains in the year ahead.

Kristensen is one of 50+ BSV expert developers working toward sustained BSV processing capacity and creating trust in its technology.

Read Also: Top 10 Crypto Predictions in 2020 and 2021

A devoted news specialist who is passionate about the blockchain and crypto industry. She writes news and feature articles based on the latest developments in the market. She is always updated and on the go.