BSV blockchain sets new world record for daily average block size
ZUG, Switzerland, August 2, 2021 /PRNewswire/ -- Bitcoin Association , the Switzerland-based global industry organisation that works to advance business with the BSV blockchain and digital currency, today confirms that the Bitcoin SV (BSV) blockchain has set a new world record for the highest daily average block size on a Bitcoin network.
- ZUG, Switzerland, August 2, 2021 /PRNewswire/ -- Bitcoin Association , the Switzerland-based global industry organisation that works to advance business with the BSV blockchain and digital currency, today confirms that the Bitcoin SV (BSV) blockchain has set a new world record for the highest daily average block size on a Bitcoin network.
- On July 31, 2021, the average block size on the BSV network during that 24-hour period was 45.87 MB (megabytes); in comparison, the BTC network had an average block size of 753.58 kB (kilobytes) during that same 24-hour period more than 60 times smaller than that seen on BSV (reported data from coin.dance ).
- The record-breaking day is the third in the last two months for the BSV network, which also saw new record daily averages on June 8 with 17.39 MB and then again on June 25 with 35.08 MB.
- The growing average block size on the BSV blockchain is a direct effect of the number and types of transactions being carried out on the BSV network, which supports both financial and data transactions.