After Surpassing BitcoinCash, Bitcoin SV Average Block Size is Now Overtaking BTC Chain
Thursday, March 28, 2019
What some would call an underdog, Bitcoin SV (BSV) (BCHSV) is now nipping at the heels of the SegWit Bitcoin (BTC) daily average block size. Already having surpassed the Bitcoin Cash (BCH) blockchain's daily average figure several weeks ago, Bitcoin SV has now punched through the 1Mb average block size level.
Although it is not really a surprise. With "legend in the making" developers like 'unwriter' constantly developing new toys for us laymen to add data to the blockchain with, the block sizes have increased rapidly. The graph above from coin.dance shows the increase of Bitcoin SV average block sizes. And keep in mind folks, all of these advancements and growth in on-chain data submissions is done with a 100kb op_return limit in place. This will soon be increased or uncapped altogether and cause a massive spike in the data stuffed into each block on the Bitcoin SV blockchain. This will begin to demonstrate the scaling potential of the TRUE Bitcoin Protocol, Bitcoin SV (BSV). Business means big-data. Bitcoin was never meant to be just Peer-to-Peer Electronic Cash. There is a reason why the word System is at the end of that title. "Peer-to-Peer Electronic Cash System" Bitcoin is an entire economic system that revolves around data. Whether it is transaction data or file data, if someone is willing to pay for it, then Bitcoin enables anyone to do so. It's certainly an exciting time in the Bitcoin space. I dont think I've said enough, even though I probably bang on about that ad-nauseam. But every day I get excited about something new that was developed on Bitcoin SV. Can you name me another blockchain project that has that kind of development rate? You can't because it doesn't exist.
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