Bitcoin Daily: Bitcoin Cash Stress Test Results: 2.1 Million Transactions Cause No Surge in Fees

The Bitcoin Cash (BCH) network experienced over 2.1 million transactions on September 1 as a result of the recently launched BCH stress test, according to data from BitInfoCharts.

The “stress test” is a community driven test of the BCH mainnet and its services, according to the BCH stress test website. The test aims to process “millions of minimum fee transactions” within 24 hours in order to prove the Bitcoin Cash blockchain’s capacity and scalability, as well as to provide data for developers and business running their services and decentralized applications (DApps) on the BCH network.
The stress test was conducted on September 1, ten weeks before the reportedly scheduled November upgrade, and is “hopefully” set to take place on an annual basis.
As a result of the Bitcoin Cash stress test, the share of Bitcoin Cash transactions amounted to 63 percent of all crypto transactions for the past 24 hours to press time, according to BitInfoCharts. The second currency in terms of number of transactions per day is Ethereum (ETH).

During the stress test, the number of microtransactions on the BCH network surged up to 14,300 per block, according to data from Coin Dance. According to Fork.lol, the number of transactions even reached 25,783 per block, up from the usual average interval of 90 to 150 transactions per block. To compare, the average number of transactions per block for Bitcoin (BTC) amounts to 1,000 to 1,500.

Some Glimse are:

According to BitInfoCharts, Bitcoin Cash average transactions fees have not increased, actually seeing a small decline from $0.002 to $0.0017.

To Read Full Article, follow the below link:
https://cointelegraph.com/news/bitcoin-cash-stress-test-results-21-million-transactions-cause-no-surge-in-fees

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