View full page at cryptocraft.com

 

World record 2GB block on Bitcoin SV blockchain paves future for Bitcoin mining with transaction fees as majority of block reward

From bitcoinassociation.net

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 Bitcoin ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis