April 26, 2024

On the Bitcoin CB network, a giant block of 369 MB is closed

On the Bitcoin CB network, a giant block of 369 MB is closed

On the blockchain, Bitcoin CB has recently processed the largest block of 369 MB in size today.

According to the TaalBlockchain company, whichcarried out its closure, the record block contained more than 1.3 million transactions, which is currently an unattainable indicator for Bitcoin and Bitcoin Cash.

Such a huge amount was collected as a result of a competition among users who intentionally tried to conduct as many operations on the BSV network as possible in order to test its capabilities.

Bitcoin SV focuses on the volume of blocks, not their number, in order todo not limit users to boundaries.This allows the network to process any volume of transactions without overload. The consequence of this mechanism is a reduction in the amount of commission fees for miners.

However, amid the online downturnBitcoin after halving, such a move attracted the attention of the public and after mining a record block, the hashrate of the BSV network almost doubled, from 1.1 EH/s to 2.15 EH/s

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