Bitcoin SV (BSV) ‘Quasar’ Protocol Upgrade Continues Massive Blockchain Scaling, Lifting…

LONDON, July 17, 2019 /PRNewswire/ — On 24 July 2019, the Bitcoin SV (BSV) network will undergo a key protocol upgrade focused on scaling.  The “Quasar” upgrade lifts the default block size “hard cap” on BSV from its current 128MB to 2GB (2000 MB). Although the default maximum block size will be 2GB, initially, a significant portion of miner hash rate will manually set their hard cap to a lower (but still very robust) level of 512MB – far higher than any other competing Bitcoin project.

The Quasar upgrade represents a key step in BSV’s journey to unlock the massive on-chain scaling power that was always possible with Bitcoin, and enable BSV to become the global enterprise blockchain.  BSV can already handle 300+ transactions per second comfortably; this capacity is continually being expanded and is expected to cross 1000+ transactions per second in the coming months after the Quasar network upgrade. This level of capacity can compete with VISA payment network…