The Bitcoin Cash (BCH) network officially experienced more than 2.1 million transactions in September – as a result of the recently launched BCH “stress test” which is basically a community-driven test of the BCH mainnet and its services.
According to data from BitInfoCharts, the “millions of minimum fee transactions” were kept with low fees even after 2 million of them went by, proving that the Bitcoin Cash blockchain is capable and scalable in terms of transactions.
With this, the goal of Bitcoin Cash is to attract more people who will transact within the network – as well as attract potential developers and businesses running their services and decentralized applications (dApps) within the network.
Concluded on September 1st, the stress test will “hopefully” take place on an annual basis. As a result of it, the share of BCH transactions made up 63% of all crypto transactions in the past 24 hours alone, according to BitInfoCharts. The second currency in terms of transactions is Ethereum (ETH).
The stress test included more than 14,300 transactions per block, and the number even reached 25,783 per block, up from the average of 90 transactions per block – and compared to the average number of transaction block for bitcoin amounts which ranges from 1,000 to 1,500.
With this, Bitcoin Cash confirmed that its stress test succeeded in breaking various transactions and mempool visualizers.
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