Over 86 million BSV blockchain transactions in 24 hours, another world record set

The BSV blockchain continues to scale as promised, breaking record after record for daily transactions on the chain. Vaionex hair generated above 86 million transactions on BSV, proving again that the blockchain has no problem handling all the transactions thrown at it.

On Thursday, 73.4 million daily transactions our processed at BSVwhich came out to 560,940 per block or 854 per second on average. This generated over 16 bitcoins in mining fees at an average fee of $0.000009, according to BSVData.

This figure rose to 86.4 million at press time.

It is clear that BSV is the ultimate utility blockchain. With 80% of transactions submitted through the TAAL API, this historic day proves that both TAAL’s software and the BSV blockchain itself are working as intended and are capable of unlimited scaling.

To break 100 million transactions, we need to maintain 1200 tx/si 24 hours. We are getting very close. Inviting everyone in #BSV ecosystem to team up with us to see what the network can do. pic.twitter.com/6uirL6y7Dj

— Rob (@Rob_GCC) 26 May 2023

TAAL – More than just a miner

While TAAL is solely focused on Bitcoin and is heavily focused on transaction processing on the BSV blockchain, it is more than just a miner. The company offers value-added blockchain services, including custom transaction processing solutions and digital asset tokenization with the STAS protocol.

“The network and infrastructure operated by the transaction processors or miners have clearly demonstrated the great robustness achieved to date. They have processed over 85 million transactions in 24 hours on their normal production systems, and without any disruption,” said Frank Dickob, commission director of the Bitcoin Association, in a statement. “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 introduction of BSV as a robust, affordable, scalable and secure blockchain solution.”

As governments and businesses wake up to the enormous utility and revolutionary change blockchain technology can bring to the world, TAAL is well positioned to serve their needs. Unlike other blockchain services companies that are always stuck in “it will be ready in 18 months” mode, record-breaking days like yesterday prove that both TAAL and BSV blockchain can deliver scalable solutions today.

Learn more about utility blockchains at the London Blockchain Conference

While this record number of transactions demonstrates the scalability of the BSV blockchain, the competition between utility blockchains and the companies that build solutions on them remains high.

From May 31 to June 2, the London Blockchain Conference, which is the largest blockchain conference in the world, will focus on how scalable blockchains can positively impact the world. Developers, entrepreneurs and representatives from authorities and businesses seeking blockchain solutions are more than welcome to participate. In fact, everyone is welcome, regardless of what blockchains you may be working with at the moment.

The London Blockchain Conference will not focus on the prices of tokens or on digital currency speculation. Instead, it will show the world how blockchain technology can be used to revolutionize industries such as supply chains and logistics, finance, cyber security and many others.

If you are interested in these ideas or have something to say, register for your free ticket today. We hope to see you there!

See: Benefits of using Blockchain as a Service discussed on CoinGeek Zurich

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