Waves Blockchain Hits Milestone with 6.1 Million Real-Time Transactions

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

The Waves blockchain, according to data provided by PYWAVES, recorded a total of 108,741 transactions. Among them, 60,933 were Mass Transfers which, per Waves blog post, are specialized transactions that can hold 100 transfer at once.

The post claimed, “A total of 6,141,108 transfers was processed by the network, with the blockchain supporting hundreds of transactions per second at peak times.”

The race to build the best public blockchain will be won by those that would scale in line with volume. On a Sunday, a blockchain project realistically did it, though for 24 hours.

Waves Platform, comprising of a digital ledger project and decentralized exchange (DEX), processed 6.1 million real-time transactions in a stress test. As it found, the network faced no disruptions or delays as the test intensified. None of the transactions on its system undertaken by users for DEX orders, transfers, token creation, etc.  experienced any slowdown, either.

“Bitcoin processes just a few transactions per second,” he said. “Ethereum’s capacity is into double-digit tips, and a handful of other blockchains have improved on this incrementally in various ways. WAVES has implemented tech that enables a step-change in transaction volumes  not just in the lab, but in the real world, on MainNet, as these figures prove beyond doubt.”

The Waves post noted that other blockchain projects had not exceeded more than 2 million transactions per day. However, a tweet from Ivanov admitted that EOS, a semi-decentralized blockchain project, had in fact executed 5 million transactions within a 24-hour period.

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