Bitcoin SV Passes Planned Bitcoin Cash (BCH) Professional Stress Test
After being subjected to the BCH Professional Stress Test, Bitcoin SV recorded an impressive performance. For instance, mining pools based on the Bitcoin SV generated the majority of the new blocks on the Bitcoin cash network. In fact, the BMG mining pool, which is run by nChain, mined a record five 32MB size blocks. This is the maximum size block a miner can generate during mining on the Bitcoin Cash network.
Both Bitcoin SV and Bitcoin ABC have their fair share of supporters. However, the above-mentioned test proves that the former is significantly better than the latter. The two are expected to go head-on during the upcoming hardfork on the Bitcoin Cash blockchain.
Lately, more nodes on the BCH network hash have been preferring Bitcoin SV over other protocols. According to stats from Coin.dance, Bitcoin SV has the majority share in this regard, taking up 68% of the entire Bitcoin Cash network hash. No other implementation has ever surpassed the 50% mark since Coin.dance started keeping records over such data. In comparison, Bitcoin ABC controls 32% of the network hash.
The Bitcoin SV node implementation mechanism is based on a Proof-of-Work consensus algorithm. Its dominance seems likely to continue into the future, especially after the newly introduced Chinese mining pool, called Mempool, declared support for Bitcoin SV.
The BCH Professional Stress Test evaluates the number of processes that the Bitcoin Cash blockchain can handle during a specific timeframe. In this case, the test compared three BCH client implementations, namely Bitcoin SV, Bitcoin Unlimited and Bitcoin ABC. As mentioned above, the BMG mining pool generated five 32MB size blocks. Furthermore, the blocks were mined in quick succession, an indicator that the BMG pool is adequately equipped to generate even larger blocks.
Overall, mining pools based on Bitcoin SV outperformed their peers that run on other client implementation models. For instance, SVPool created a 20.6MB block, while CoinGeek generated a block sized at 15.4MB. On the other hand, miners using Bitcoin ABC generated considerably smaller block sizes. Specifically, a majority of the blocks ranged from 1MB to 2MB, with the only exception being one 8MB block mined by ViaBTC.
The primary objective of Bitcoin SV is enhancing scalability on the Bitcoin Cash network. Essentially, this implementation model attempts to conform to the vision of the founder of Bitcoin, Satoshi Nakamoto. During the upcoming Bitcoin Cash hardfork, the maximum block size for Bitcoin SV will be set at 128MB. This is a huge improvement on the 32MB set by Bitcoin ABC.
According to Daniel Connolly, the principal developer of Bitcoin SV, the test results proved their critics wrong. Previously, many had said that the largest block that can be handled by Bitcoin SV nodes is 22MB. Daniel mentioned that Bitcoin SV plans to expand the maximum beyond 128MB to enable the blockchain to process more types of transactions.
On his part, Steve Shadders, the technical director at Bitcoin SV, reiterated on the importance of stabilizing the Bitcoin Cash protocol. Steve believes that the Bitcoin Cash blockchain will be more appealing to institutional investors if it remains stable over time. In conclusion, Steve endorsed Bitcoin SV because it guarantees sustained profits.