BSV blockchain – Set a new record of 85 million transactions in 24 hours

BSV blockchain – Set a new record of 85 million transactions in 24 hours


ZUG, Switzerland, 26 May 2023 /PRNewswire/ — BSV Blockchain ecosystem member VAIONEX, a leading blockchain solutions company, helped set a new record today, as the main contributor to over 85 million transactions processed on the BSV blockchain within 24 hours. For this contribution, VAIONEX primarily used their new application TIMESEAL, which will be launched at the London Blockchain Conference.

Bitcoin SV transaction record 26/05/2023 (PRNewsfoto/Bitcoin Association)

Bitcoin SV transaction record 26/05/2023 (PRNewsfoto/Bitcoin Association)

In a remarkable display of the platform’s capabilities, TIMESEAL has emerged as the top application by transaction volume in the last 24 hours. VAIONEX helped generate over 85 million transactions within this timeframe, demonstrating its commitment to pushing the boundaries of BSV’s transaction capabilities. 75% of all transactions have been submitted using the Taal API, again proving its efficiency and ability to handle high transaction volumes.

Cyrille Albrechtmanaging director i Bitcoin The association said, “We are delighted to achieve this remarkable transaction volume record and it serves as a testament to the capabilities of the BSV network. This achievement would not have been possible without the visionary management of Bitcoin Association, which has paved the way for a protocol that is affordable, scalable and secure. The Bitcoin The Association has empowered the BSV ecosystem to push the boundaries of what is possible in blockchain technology.’

Martin Coxallmarketing director i Bitcoin The association said,We are happy to witness the huge transaction volume and this is a proof of a thriving ecosystem that uses the values ​​that BA brings to the blockchain community. It is with great pleasure that VAIONEX, a company founded by Robin Gounder, has been at the forefront of this milestone. Since the early days of VAIONEX, BA has been a steadfast supporter. As far back as 2019, Robin Gounder won a BSV hackathon and we were honored to award him the Satoshi Nakamoto Scholarship that same year. This achievement is a collective effort and a reflection of the collaborative spirit that defines our ecosystem.’

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Frank Dickob, commission director at Bitcoin The association saidThe network and infrastructure operated by the transaction processors or miners have clearly demonstrated the great robustness achieved up to today. They have processed over 85 million transactions in 24 hours on their regular production systems, and without disruption.

We believe there is still room for growth and innovation as we work to develop the next generation of key services that will unlock the potential for even greater transaction volumes. Together, we will continue to build on this success and drive the adoption of BSV as a robust, affordable, scalable and secure blockchain solution.’

Join us next week at the London Blockchain Conference to discover new trends that are helping to bring governments and businesses into blockchain. Attendees will have the opportunity to learn about how blockchain offers scalability at the transaction level and unlimited scaling enables new opportunities in microtransactions, data transfers and more.

About Bitcoin association

Bitcoin The association is a non-profit association (Verein) i Switzerland and the global industry organization moving forward Bitcoin SV (BSV). It brings together businesses, startups, developers, merchants, exchanges, service providers, blockchain transaction processors (miners) and others in Bitcoin SV ecosystem. The association supports Bitcoin SV as the original Bitcoin, with a stable protocol and massive scaling roadmap to become the world’s new money and global enterprise blockchain. The organization seeks to build a regulatory-friendly ecosystem that promotes lawful behavior while encouraging digital currency and blockchain innovation.

Lightning Sharks, on behalf of Bitcoin Association for BSV

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SOURCE Bitcoin Association


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