RATE Group | Monster 369MB Block Processed on Bitcoin SV
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Monster 369MB Block Processed on Bitcoin SV

20 May Monster 369MB Block Processed on Bitcoin SV

Posted at 07:20h in Bitcoin News by

Blockchain service provider TAAL has processed the largest block to date on Bitcoin SV — 369MB in size and containing 1.3 million transactions.

TAAL announced the milestone on Twitter. The block is an order of magnitude larger than anything currently achievable on Bitcoin (BTC) or Bitcoin Cash (BCH).

Speaking to Cointelegraph, Jerry Chan, Chief Executive Officer (CEO) of TAAL, said the transactions were primarily processed by users of an application out of China, who competed with each other to see who could create the most transactions in a contest designed to test the transaction capabilities of the network.

It follows hot on the heels of a block with 1.1M transactions processed on May 13. 

Development focused

According to Chan, though groups like TAAL do engage in mining, their focus is on transaction processing to develop the infrastructure needed for the BSV network to thrive. 

“We want to encourage more generation of transactions… so we’re going more for transaction…

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