Bitcoin SV Rivals VISA for Transactions Claims Bitcoin Association

The Bitcoin Association, which promotes Bitcoin SV, says the BSV network now rivals credit card processor VISA in terms of transactions per second. It also claims BSV transaction processors (miners) receive “better returns” than on BTC.

In its first annual report, the Bitcoin Association (BA) said the Bitcoin SV scaling test network had “consistently sustained 1,300 transactions per second for a prolonged period, in addition to handling a peak load of 6,400 transactions per second”

“To put the transaction capacity in perspective, the VISA network, which has long been viewed as the gold-standard for payment processors, handles an average of 1,700 transactions per second.”

It said the test network has processed blocks of almost 2GB in size, containing 7.877 million transactions.

Bitcoin SV and Bitcoin Cash emerged out of the scaling debate over Bitcoin — which centered around claims the BTC network’s inability to process more than a handful of transactions per second…