If your online gambling business is considering the jump to Bitcoin SV (BSV), but you want a kick at the tires first, there’s some great news. In a recent press release, the Bitcoin Association have announced the Bitcoin SV Scaling Test Network (STN) is now open for public use.
The STN provides a valuable opportunity for enterprises to test the limits of their applications on the BSV blockchain, and prove for themselves that BSV’s unlimited scaling can improve their performance. Massive blockchain scaling, only available on this network, provides the opportunity for businesses to switch to a faster, more secure network for their business applications.
The Bitcoin Association’s Bitcoin SV Node project is responsible for the STN initiative. It was developed by nChain, and had funding provided for it by CoinGeek. The Professional Stress Test team, nicknamed the Satoshi Shotgun, provides transaction traffic for the initiative, and any business that signs up can use that traffic to stress test whatever applications they are thinking of introducing.
Currently, the BSV network is capable of handling 128MB blocks, already proven capable of handling 83,000 transactions in a single block, and Dr. Craig Wright, chief scientist at nChain, has said the plan is for 3 billion transactions per second or more. Steve Shadders, Director of Engineering at nChain and Technical Director of the Bitcoin SV Node project, said in the release:
“In the coming months, we plan to increase the maximum block size of the Scaling Test Network to a massive 10 GB (10,000 megabytes) so that it can handle tens of thousands of transactions per second. We are moving past the era of filling up blocks and stepping into the realm of boundless growth. Our goal is not to push the limits, but to prove there are no limits.”
For operators who are looking to handle thousands of deposits and withdrawals per minute, in addition to hundreds of thousands of game transactions every day, this network is capable of handling all of it, providing a high level of accountability while offloading the onerous costs of data centers to the blockchain. Blockchain and Bitcoin aren’t just buzzwords anymore, you know have a safe testing environment to see how you can use them to work to your advantage.
Jimmy Nguyen, Founding President of Bitcoin Association, said of the news:
“Big enterprises need a blockchain that can scale to handle their big transaction volume needs. The original Bitcoin, now back in the form of Bitcoin SV, always had that power, and we are now unlocking its massive scaling capability. We encourage businesses around the world to build applications on BSV, and are happy to provide the Scaling Test Network as a resource and safe environment for growing the BSV ecosystem.”