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BSV Wins With Number of Transactions: Fueled By Gaming, NFTs

Written by:
C Costigan
Published on:
Jan/15/2022

Bitcoin SV led the pack among cryptocurrencies in terms of transaction numbers this past month.  Bitcoin historian Kurt Wuckert, Jr. notes that 90% of the BSV transactions are RUN tokens on a typical day.

The BSV blockchain project and its cryptocurrency were intended to execute the vision of Bitcoin's pseudonymous founder, Satoshi Nakamoto, who has since been revealed as Dr. Craig Wright.

Bitcoin SV is the fastest public ledger, with the capability to support over 50,000 transactions per second.

Gaming and NFTs have provided much of the boon.

"Today, BSV is a panacea of generative art NFTs, CryptoFights weapons, and there are millions of RUN transactions per day across the network. While RareCandy is a closed marketplace and a closed protocol with beautiful UI and UX for NFT purchase and resale, the Run protocol’s best example is almost certainly the Gopniks NFT collection and its use as entrance into the Gopniks DAO over at RelayX, and the competition between the two companies has done something incredible: it’s made us all better at competing in the tokenized art economy in less than a year."

transactionsbsv.png

Jimmy Nguyen, one of the world's top Bitcoin and blockchain advocates and host of the CoinGreek Conferences, has become famous for his saying "I love big blocks".

And Wuckert, Jr. agrees with that sentiment.

"There’s a funny thing about being a big blocker. Small blocker culture is built on virtue signaling a sort of “proof of node” or “proof of hodl” mindset where if you look, sound and act the right way, you become an invaluable member of the tribe. But big blocker culture is different. We believe in governance, social status and real value by proof of work."

Calvin Ayre, the most influential supporter of Bitcoin SV, laughs off the idea that price means everything.  Size means everything perhaps. It also helps to have "clean" people involved with the project.

Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV (BSV) blockchain and digital currency and for which Nguyen heads up, confirmed that a 2 gigabyte (GB) block was successfully mined on the BSV network - the largest block ever mined on a public blockchain, back in August of last year. The new world record was set at block height 700606 on August 16, 2021 at 15:20:11 (UTC), containing 1,999,941,397 bytes of data.

And while the BSV price is 1/300th that of BTC on average, mining on BSV is equally profitable to that on BTC, because mining BSV requires 300 times less hash power.

- Aaron Goldstein, Gambling911.com

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