Quote from: jamespastagueule on March 31, 2019, 07:03:49 AM

Bitcoin SV mines first ever 128MB block, proving Satoshis Vision !

The Bitcoin SV (BSV) has targeted scaling massively, with the faith that if you provide the world an unlimited block size, developers and users will find a way to create new possibilities. This faith is already confirmed, as the BSV blockchain has now mined its biggest block yet: 128MB.

The momentous occasion came at 12:36 a.m. UTC On March 30, when a 128MB block was confirmed by nChains BMG mining pool. The block held 1,440 transactions, and could very well be the record for a while, as its the current block cap for the BSV blockchain.

This beat the previous record, set less than an hour earlier, of 124MB. That block was also mined by nChains BMG mining pool.

These arent isolated incidents either; BSV has seen its block size growing pretty consistently. It hit new records on March 27 with two blocks over 50MB. It then smashed those records with a 113MB block on March 28.

This is once again confirmation that BSV has vindicated Satoshis original vision of massive scaling. By giving the world more possibilities, businesses and users have met the challenge and used increased block sizes to their full potential.

Important figures in the Bitcoin world have celebrated this momentous occasion on Twitter. Bitcoin Association Founding President Jimmy Nguyen commented We now live in the era of 128MB blocks.

Since the block cap has been reached, the next step will be to scale even more. The Bitcoin Association has previously stated the goal is to scale to 1GB in the near future, and it looks like that bigger block size will come in handy as the Bitcoin community continues to find new ways to fill those blocks.

There can be little doubt that they will, either. Its only been a few months since Bitcoin was reborn as Bitcoin SV, and since it started down its path of unlimited scaling, protocol stability, and professionalization, so many businesses and applications have developed and found adoption. Exchanges have come on board, wallets have signed up, and new payment options have adopted BSV. And thats just talking about the ways BSV can be used as the worlds new money.

Lets not forget the new ways BSV has unleashed the blockchain as the worlds data network. With the increase of OP_RETURN, apps like Bitstagram and Bitpaste are now possible. Looking to a future where BSV is the place we turn to for data, we also now have Bottle, the BSV blockchain browser, a dedicated way to pull up files saved to the blockchain.

Theres no better time to celebrate the achievements of the BSV blockchain. If youre looking to mark the occasion, why not check out the upcoming CoinGeek Toronto conference. Like Calvin Ayre noted, this scaling conference will have the top minds of the BSV world, and will celebrate the scaling achievements weve already seen. If you want to be a part of it register to attend, and show your appreciation of BSV and save a few bucks by using BitcoinSV via Coingate.

News sourcing from https://coingeek.com/bitcoin-sv-mines-first-ever-128mb-block-proving-satoshis-vision/

Bitcoin SV thriving with massive scaling, big blocks every day !

Big blocks are becoming an everyday affair for the Bitcoin SV (BSV) blockchain. After the world saw the first 128MB block mined on March 30, several more big blocks have been mined, proving again and again that when Bitcoin was unleashed, it provided possibilities the world was waiting for.

On March 31, at 7:41 p.m. UTC, another 128MB block was mined, this time by CoinGeek Mining. It held 1,398 transactions, and came with an award of 1.27 BSV, higher than the regular block award. Thats crucial, as it demonstrates scaling to allow more transactions in a block, and thus higher fees for the miner, provides a new economic model for miners to pursue for profitability, and allow Bitcoins success in the long term.

This block size isnt a fluke either. The blockchain also saw an 87MB block and a 101MB block on March 31. BSV is proving that the Bitcoin Core (BTC) crowd couldnt have been more wrong when they said big blocks couldnt be done. Its also proving that Bitcoin Cash ABCs (BCHABC) path of instability and protocol changes drove users and developers away. Instead, they came to BSV, the only crypto using Bitcoins original whitepaper as intended, because of the stability it guarantees, and the limitless on-chain possibilities its creating from massive scaling.

The long term profitability created by these big blocks, and all the transaction fees they net for miners, cant be emphasized enough. This is what Bitcoins business model was always meant to be, to ensure miners always had a reason to focus their efforts on the blockchain, gaining transaction fees for their work when block rewards dry up.

Instead, the BTC developers who hijacked its protocol and development sold fairy tales of the Lightning Network. That model simply isnt Bitcoin anymore, doesnt benefit miners, and would only help to enrich the few involved with its creation.

Thankfully, the BSV team has stuck to its convictions, and were now seeing the fruits of their labor. The business community has recognized that and come along for the ride too, making these big blocks possible.

Many of these recent record breaking blocks can be credited to the work of Ryan X. Charles and his Money Button team. Their creation of BitPaste, and the new parallel swipe Money Button, allowed Charles to fill at least three of these record setting blocks with transactions. He also showed the world how you can use the blockchain to its fullest potential (at least until it scales further) with tools already available to the public.

All of this proves that Satoshis original vision, now followed by BSV, has saved Bitcoin. The path championed by Dr. Craig Wright, Bitcoin Association Founding President Jimmy Nguyen, and well supported by Ryan X. Charles, is creating a world of new possibilities, and for miners, revenue streams. The conditions that created a nightmare for BTC in late 2017, namely a high volume of transactions, is creating rich possibilities with BSV.

BTC proved that without scaling, Bitcoin will die. BSV is now proving that when you unleash the blockchain, Bitcoin thrives.

If you want to celebrate the renewed life of Bitcoin, and the development of Bitcoin SV, what better way than to join the CoinGeek Toronto scaling conference. Its easy to register, and use the worlds new money to register, and get a discount, by using BitcoinSV via Coingate. Is on https://coingeek.com/bitcoin-sv-thriving-with-massive-scaling-big-blocks-every-day/