BCH Stress Test Day Will Happen On September 1
Last year, Bitcoin had a hark fork because of the new segwit algorithm and the token was divided between Bitcoin and Bitcoin Cash. Since then, Bitcoin Cash is trying to find its place in the market. It is because of this, among several other reasons, that the Bitcoin Cash community has decided to plan the Bitcoin Cash Stress Test Day.
What Is The Bitcoin Cash Stress Test Day?
Basically, the Bitcoin Cash community intends to show the strength of this technology by creating millions of minimum fee transactions within a 24 hour period on September 1. The idea of the event is to show merchants and businessmen worldwide all the potential that the BCH main network has and to prove its scaling abilities.
Everybody will be able to participate in the event and be a part of the test. The event is scheduled to be made 10 weeks before the November upgrade of the network and the idea of the team is to make this an annual event if everything works out.
The event will process over 5 million minimum fee transactions and it was created to show the capabilities of the token as well as providing useful data about the network.
How To Participate In The Bitcoin Cash Stress Test Day?
To participate, you just have to use one of the links that are on the site of the event. These links will be used on the day for you to be able to make transactions by paying less for them.
The price of the transactions is still not 100% defined, as this depends a lot on several factors that will have to be taken into account, but the event’s site state that you will have to pay at least $1.50 USD per a thousand transactions, which is generally less than what you normally have to pay.
Who Is Organizing The Bitcoin Cash Stress Test Day?
The main organizers of this event are three people from @BCHJeepney: Mr. G, The Wild Card and Yobits. Other key contributors are BitBox, Gabriel Cardona, Brendan Lee, SpendBCH.io, CryptoStratz, SpArk, Wudanyu and Bitzillions.
The providers for links are CBHJeepney, BitcoinCashCOL, Satoshi Doodles, Memo Cash, Yours.org, Keyport app, Bitzillions, Games @ Bitcoin, Satoshi Dice, Mt. BetMore Roulette, Blockchain Poker, OddEvenBets.com, BlockChair, TX Street, TX Highway, Bitcoin Subway and Johoe’s Bitcoin Mempool.
The Bitcoin Cash Stress Test Day Verdict
While it may certainly be simply too soon to know for sure the effects that this event might cause in the market, it is certainly a good way to make transactions without having to spend a lot of money, which is always great. Because of this, it is a great idea to enjoy this opportunity to use the event to make all the transactions that you can and pay less for them.