RATE Group | Bitcoin Cash Gains 14% as Stress Test Hits Transaction Record
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Bitcoin Cash Gains 14% as Stress Test Hits Transaction Record

04 Sep Bitcoin Cash Gains 14% as Stress Test Hits Transaction Record

Posted at 00:04h in Bitcoin News by

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bitcoin Cash

Over the weekend, Bitcoin Cash conducted a stress test designed to prove to merchants and businesses worldwide that its mainnet is capable of scaling on chain and handling huge transaction volumes currently.

The principal takeaway from the results of the test was that increased transaction volumes did not lead to a fee surge, and in fact transaction fees declined slightly.

‘Hopefully an annual event’

According to the stress test website, the stress test was an opportunity for businesses and developers on the BCH network to gather useful data and stress test their own services in what is hoped to become an annual event.

Starting on September 1, 2018, the Bitcoin Cash encouraged thousands of users to deliberately carry out multiple activities including sending BCH and using BCH Decentralized Applications (DApps), so as to raise the number of ongoing transactions into seven figures.

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