It has been brought to our attention that the increase in transaction volume on the BSV network is introducing new challenges for valued ecosystem participants as they work to process this increase in volume. The BSV Association is committed to rapidly scaling the BSV network and seeks to work closely with all miners in the ecosystem to optimize their configuration to process all transactions that have been broadcast to them. The BSV Association is actively reaching out to miners to provide guidance on best practices and other configuration settings that can maximize transaction throughput for all participants.
In response to these developments, Connor Murray (Stewardship Director at the BSV Association): “We are committed to supporting all miners and are dedicated to assisting them in processing as many transactions as possible while they maximize their revenue. There is no need for concern as this situation undermines neither the network nor the protocol itself. However, as guardians of the protocol, we are paying close attention to this evolving situation, and readily available to assist all nodes in fulfilling Satoshi’s Vision for massive scalability of the BSV Blockchain.“
BSV’s recent price performance, particularly over the past week, has been noteworthy, and anticipate continued growth. We appreciate your concerns and thank you for your understanding and collaboration as we actively work to enhance the overall performance of the BSV Blockchain network.
