Bitcoin Cash (BCH) Stress Test Handles Hugh Transactions With No Surge in Fees

Bitcoin Cash (BCH) Stress Test Handles Hugh Transactions With No Surge in Fees

Altcoins News
September 4, 2018 by Jane
1259
Recently Bitcoin Cash conducted a stress test designed to prove to merchants and businesses worldwide that its Mainnet is capable of scaling on Chain and handling huge transaction volumes currently. The stress which was conducted ten weeks before the reportedly scheduled November upgrade is set to take place on an annual basis. The “stress test” is
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Recently Bitcoin Cash conducted a stress test designed to prove to merchants and businesses worldwide that its Mainnet is capable of scaling on Chain and handling huge transaction volumes currently.

The stress which was conducted ten weeks before the reportedly scheduled November upgrade is set to take place on an annual basis. The “stress test” is a community-driven test of the BCH Mainnet and its services, according to the BCH stress test website.

The test aims to process “millions of minimum fee transactions” within 24 hours in order to prove the Bitcoin Cash blockchain’s capacity and scalability, as well as to provide data for developers and business running their services and decentralized applications (DApps) on the BCH network.

To put the 2.1 million transactions into perspective, the stress test implemented for Bitcoin Cash accounted for 63 percent of total cryptocurrency transactions conducted during that 24-hour span, meaning that the network proved more than capable in handling the lion’s share of all crypto-based commerce if it came to that level of widespread use and adoption.

According to data from BitInfoCharts, transaction fees actually declined slightly from $0.002 to $0.0017. And did not show any increase in Bitcoin Cash network.

 

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