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The BSV blockchain network processed its 6 billionth transaction this week, less than a month after it hit the 5 billion milestone.
To put that in perspective, Bitcoin hit the 1 billion mark in 2020. At the time, it was hailed as a major achievement, and it showed the potential of Bitcoin to become a global payments network.
However, BSV is now processing 6 times more transactions than Bitcoin, and it’s doing so at a fraction of the cost. The average per-transaction fee on BSV is currently around USD5.5e-7 (that’s $0.00000055).
This is possible because BSV is using a ground-up re-write of Bitcoin’s original protocol software, called Teranode. Teranode is able to process over a million transactions per second, and it’s still following all the original Bitcoin rules.
With Teranode, BSV is able to offer a payments network that’s fast, cheap, and scalable. It’s the kind of network that can be used by everyone in the world, for everything from payments to data processing.
Here’s a visual representation of the 6 billion transactions:
Unstoppable internet money. pic.twitter.com/6eFyrYvrEr
As you can see, the BSV blockchain is growing rapidly, and it’s already leaving Bitcoin in the dust. With Teranode, BSV is poised to become the de facto blockchain for the world.
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