Since just after Bitcoin’s inventor Satoshi Nakamoto published the “Bitcoin: A Peer-to-Peer Electronic Cash System” whitepaper in 2008 there has been discussion whether his invention can scale to massive use.
Satoshi Nakamoto said it could.
Bitcoin Satoshi Vision (BSV), which follows the original vision of Satoshi Nakamoto, proves that it actually can scale to massive use.
With the current BSV node software we have already seen the live network process over 128 million transactions within a 24 hours period.
The next generation BSV node software is called Teranode. It is designed from the ground up to enable an even higher level of scaling. Current alpha testing of the Teranode software across three continents shows that Teranode can handle more than 1 million transactions per second:
Source: screenshot from https://teranode.bsvblockchain.org/ 7th of March, 2024
That is way more than VISA and MasterCard handles combined.
BSV transactions are also very cheap because there is no artificial capacity limit. A BSV transaction currently costs only $0.000007 USD to send …
Source: Screenshot from https://coin.dance/ on the 7th of March 2024
So to conclude, BSV can offer very cheap peer-to-peer payments, and can scale to massive use. Just like Satoshi Nakamoto said it was intended for:
