On September 1st, a stress test, which aimed to test the capability and scalability of BCH blockchain, was conducted in the BCH community, as it was announced on the official website.
In result, the number of transaction distributed to every block reached 14,300, versus 1,000 to 1,500 on the Bitcoin network. Plus, the trading volume of BCH on the very day account for 63% of the transactions in the whole market.
In launching microtransactions, BCH beats Bitcoin for lower transaction fee and far more nimble mechanism, for the difficulty are claimed to be adjustable based on the traffic on the whole network. For those developers and businesses which want to launch DApp on the BCH network and are looking to the performance during the process, the success of stress test may show signs of relief. For investors and stakeholders, this is a moment to celebrate.
In fact, the change after the test begins to emerge. The most visible difference is the price of BCH, which slumped to around $500 a week before, now increases by $100, standing at $627.77, though still far off the Bitcoin price’s $ 7,370.
With the proven record of processing more low-cost and small-scale transactions, the BCH now may get out of the dilemma of being a poorly performing token with fewer holders and less trading volume. For the cryptocurrency market itself, many experts forcast an upending recovery in the future, with everyone are looking to how the Bitcoin price will go. For now, the whole market, still, is fluctuated, but there is a growing sign of slight increase.