BSV Blockchain handles a record 86 million transactions in 24 hours

The BSV blockchain has fulfilled its promise of scale-up, surpassing previous records for daily transactions on the chain. The number of transactions generated by Vaionex on BSV has exceeded 86 million, which is a proof of the blockchain’s ability to handle a huge amount of transactions. On Thursday, the daily transaction volume processed by BSV was 73.4 million, with each block processing 560,940 transactions on average, or 854 transactions per second. According to the data provided by BSVData, the mining process resulted in the generation of more than 16 bitcoins in fees, with an average fee of $0.00000009.

The BSV blockchain is undoubtedly the preeminent utility blockchain. Today marks a significant milestone as 80% of transactions have been processed via the TAAL API, indicating that the software of TAAL and the BSV blockchain is working as intended and can scale without limit. Despite its primary focus on Bitcoin and its significant emphasis on transaction processing on the BSV blockchain, TAAL offers more than just mining services. The company offers blockchain services that come with additional benefits, including personalized transaction processing solutions and digital asset tokenization through the use of the STAS protocol.

The resilience achieved so far by the network and infrastructure managed by transaction processors or miners has been clearly demonstrated. According to a statement from Frank Dickob, Director of Commissioning at the Bitcoin Association, their regular production systems have successfully processed over 85 million transactions in a 24-hour period without any disruption. It is our belief that there is room for expansion and creativity in the development of upcoming essential services, which will enable the realization of larger transaction volumes. Our collaborative efforts will continue to advance this achievement and accelerate the acceptance of BSV as a blockchain solution that is both scalable and cost-effective, while ensuring security.

TAAL is ideally positioned to address the needs of governments and businesses as they recognize the transformative potential and wide-ranging utility of blockchain technology. Unlike other blockchain service providers who are still stuck in the “it will be ready in 18 months” mindset, recent record days, like yesterday, show that TAAL and the BSV blockchain have the ability to offer scalable solutions right away.

Despite the fact that the scalability of the BSV blockchain is proven by the unprecedented volume of transactions, the rivalry between utility blockchains and the entities creating their respective solutions remains intense.

From May 31 to June 2, the London Blockchain Conference, which is the world’s largest blockchain conference, will focus on the positive impact scalable blockchains can have on the world. Individuals involved in development, entrepreneurship and representation of government and business entities interested in exploring blockchain solutions are strongly encouraged to attend. All individuals are invited to participate, regardless of the blockchain(s) they are currently engaged in.

The main focus of the London Blockchain Conference will not be on the valuation of tokens or the conjecture of digital currency. The intention is to showcase to the global community the transformative potential of blockchain technology across various sectors such as finance, cyber security and supply chains and logistics.