Determining the pain points of a blockchain or cryptocurrency can be done in many different ways. In the case of Bitcoin Cash, a proper stress test was conducted a little while ago The results are rather promising, and a lot of valuable information was obtained. The following key findings are ranked in term of overall importance.
#5 Bringing the Pressure is Easy
It is always good to see a stress test be successful because increasing the number of transactions does not pose any real problems. In the case of Bitcoin Cash, the stress test has been quite successful, as the number of transactions was ten times higher compared to the regular throughput. A promising sign for the future, and it allowed the developers and community to observe all of the results accordingly.
#4 Over 2 million Transactions Completed
Stressing a cryptocurrency network can usually incur some delays and issues along the way. In the case of the 2018 BCH Stress Test Day, over 2.2 million transactions were executed without any problem whatsoever. This is primarily achieved because of the project’s different approach to scaling, which makes it very different from Bitcoin and other cryptocurrencies on the market today.
#3 Big Blocks Are Flowing
A stress test on this scale can only be executed with the help of all mining pools. For the BCH test, all major mining pools successfully processed a lot of large blocks. Some of these network blocks were 15MB in size, further indicating the bigger block approach by this altcoin is no unnecessary luxury when it comes to scaling cryptocurrencies to the next level. There is a proposal on the table to further increase the maximum BCH block size fairly soon.
#2 A New Big Block Record
At one point during the 2018 BCH stress test, a network block was generated at a size of 23.15MB. This is an absolute record in the world of cryptocurrency, and further shows it is good to have higher limits in place for this particular network. One as to keep in mind this is an exception rather than the norm, but it is still interesting to see regardless.
#1 Low Fees Remain in Place
Spending cryptocurrency usually hinges on how expensive it is to broadcast a transaction. In the case of Bitcoin Cash, this stress test did not inflate the overall transaction cost in a significant manner. Most network transactions during this test were completed at a fee of $0.001, which is incredibly cheap.
Users will need to keep in mind this stress test is not a viable representation of regular Bitcoin Cash network activity. A lot more transactions were processed compared to how things go on a day-to-day basis. Even so, preparing for what may come in the future is never a bad idea. Bitcoin Cash appears to hold all of the cards in this regard. How things will pan out moving forward, remains up in the air.