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The BSV blockchain has achieved a new global record for the average block size on a daily basis

The Bitcoin SV (BSV) network has set a new world record for the highest daily average block size on a Bitcoin network. The record-breaking day is the third in the last two months for the BSV network, which also saw new record daily averages on June 8 and June 25. The average block size on the BSV network is increasing as more and more data is stored on-chain. The BSV blockchain is used by businesses operating in a broad array of sectors across the world. Earlier this year, it surpassed BTC to become the most data-rich Bitcoin network. 

The BSV network has no limit on the default block cap size on its blockchain. The network dynamically adjusts the size of each block in response to market demand, allowing it to grow at extremely high rates and at very low cost. In 2020, the median transaction fee was less than 1/50th of a U.S. cent [reported data from bitinfocharts].

 

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