BSV Outperforms ETH! BSV outperforms Ethereum in terms of daily transaction volume. According to data provided by BitInfoCharts, the BSV network added over 660,000 transactions to the BSV blockchain while Ethereum added 622,000. BTC is still the king at 326,000 transactions in the last 24 hours.
This trend is just a continuation for BSV – the transactions have been trending positive for the last several months. It will not be long until BSV is regarded as a leader in transaction volume.
Further analysis shows that transactions on ETH and BTC have plateaued since the ICO days of 2017. In the midst of their plateau, BSV has increased over 220% in terms of daily transactions since July, while both ETH and BTC have seen decreases since the summer.
BSV is able to handle more transactions by solving the problem of on-chain scaling through bigger block sizes. BSV fees are also competitive and low – the average fee was $0.00037 compared to ETH’s $0.109 and BTC’s $0.554. Cost is also one of the reasons why ETH application developers have started to migrate to BSV.
As a reminder, BTC’s blockchain is limited to 1MB of data per block. This limitation shows its ugly face when the network gets bogged down and overrun with transactions – the result is higher fees and exceptionally long processing times.
Developers are increasingly abandoning ETH and BTC due to bottlenecks and excessive fees – this in turn results in less users. BSV offers a better alternative for those developers. As developers continue to build upon the blockchain, BSV will be the undisputed blockchain that carries forth and fulfills Satoshi’s original vision.
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