Tests Indicate Bitcoin SV (BSV) Supports 64MB Blocks via Scaling Test Network
Many people wrote off the “Satoshi Vision” paper published by Craig Wright after Bitcoin SV separated from the Bitcoin Cash blockchain last November. Back then, it seemed like the 128MB block size suggested on the paper was an unrealistic target.
Now, it looks like the once impossible dream could soon be achieved. As per Dan Connolly, a senior developer at Bitcoin SV, recent tests have indicated that the blockchain protocol can comfortably handle 64MB blocks. Connolly believes that the Bitcoin SV network can handle even larger blocks.
Since the hard fork, there have been several breakthroughs regarding the block sizes mined on Bitcoin SV. The SV Pool, Mempool and CoinGeek have mined blocks of 38Mb, 64MB and 65MB respectively. The biggest block, however, was reportedly mined on January 3 to celebrate a decade after the mining of the first block on the Bitcoin blockchain. Its size was 103MB.
Though the size of the blocks mined on Bitcoin SV is incredible, the network is still plagued by sustainability issues. According to Connolly, tests confirmed that the network can easily sustain 64MB blocks over a 24-hour period. He further added that they are now targeting 128MB blocks.
During the Blockchain Convergence Summit Chain Plus, Jimmy Nguyen declared that the next objective is to raise the maximum block size form the current 512MB to 2GB. In the long run, Bitcoin SV aims to have no limitations regarding the block size, in line with the vision outlined in Satoshi Nakamoto’s Bitcoin whitepaper.
Nguyen is confident that Bitcoin SV will realize Satoshi’s vision of enabling the Bitcoin network to scale infinitely. He also believes that the ongoing Terranode project will improve processing speeds on the Bitcoin network to an impressive 7 million TPS. If this comes to pass, Nguyen asserts that Bitcoin will be the backbone for all global transactions.