Bitcoin Cash Stress Test Goes Beyond 24-Hours Setting New Records.
On September 1, Bitcoin Cash proponents led a community-driven stress test by sending millions of transactions in one day. In fact, the protocol’s miners processed 2.2 million transactions in 24-hours and processed massive sized blocks all day long. But the stress testing fun didn’t end there as many BCH supporters continued to flood the network with transactions. The next day saw upwards of 1.37M transactions, and September 4 data has shown participants still were going strong with 1.67M processed yesterday.
The Bitcoin Cash (BCH) blockchain and network participants have celebrated a milestone this September as the peak of the BCH Stress Test Day saw 2.2M transactions processed on the first of the month. Moreover, BCH miners like Coingeek, Waterhole, BMG Pool, Viabtc and others processed many large blocks on September 1st between 4-15MB in size. Alongside this, transactions (tx) processed on the network reached about 23 tx/second for most of the day. However, even though the day was scheduled for only 24-hours, BCH stress test participants continued to send millions of transactions.
The following day on September 2nd the network processed another massive 1.37M, but on the 3rd the network only processed 448,000. Now one would think after the lull things were over for BCH stress testers but they weren’t because, on Tuesday, September 4 the Bitcoin Cash network had touched 1.6 million transactions.
What’s even more interesting is the fact that BCH fees had the lowest median average in months. Back in June, it cost roughly $0.003 (one-third of a US penny) per transaction, which is still low, but during the stress test with millions of transaction, the network fees were about 0.001 per tx.
In addition to the lower than usual fees on September 4, block 546423 processed by BMG pool was a whopping 23.15 MB Bitcoin Cash Block that processed a record 97,318 transactions in one fell swoop. Now, this was a unique block indeed and many observers took notice of how this block propagated. The developer Jochen Hoenicke, otherwise known as ‘Johoe,’ detailed that there seemed to be a limit that he had noticed.
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