-
World record 2GB block on Bitcoin SV blockchain paves future for Bitcoin mining with transaction fees as majority of block reward
Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV (BSV) blockchain and digital currency, today confirms that a 2 gigabyte (GB) block was successfully mined on the BSV network – the largest block ever mined on a public blockchain. The new world record was set at block height 700606 on August 16, 2021, at 15:20:11 (UTC), containing 1,999,941,397 bytes of data. Beyond its record-breaking size, the 2 GB block is notable for earning the winning miner substantially more in transaction fees than the current 6.25 coin ‘fixed subsidy’ amount of a ... (full story)
