A cashless society might seem like something in the distant future, but we’re already on our way. Today’s digital finance already demands a lot of faith, and its future will require still more. The many benefits are why businesses and communities are rapidly moving in the direction of electronic payments and why people are rethinking their perception of cash.
BSV leads the way
Blockchain transformative technology has positioned itself as the answer to these demands, which will have a massive economic impact on the way people transactions. Rising in popularity in the blockchain sector is the Bitcoin SV (BSV) protocol. As businesses continue experimenting with going cashless, BSV offers enterprises the best performing blockchain with fast transactions, low fees, and a secure ecosystem.
As evidenced by the chart below from Coin.Dance, the number of transactions per day on the BSV blockchain has been on the increase as the Bitcoin SV Node team continues working to restore the protocols outlined by Bitcoin creator Satoshi Nakamoto. Over the last 60 days, BSV has closed the gap in transaction volume with BTC, decreasing the disparity in transactions by upwards of 90%. Throughout this period, the number of transactions on Bitcoin SV eclipsed that of BTC on numerous occasions.
The upward trend proves the demand for on-chain transactions exists while BTC’s approach remains static.
Flourishing 3rd party ecosystem
The Bitcoin SV node team’s focus on increasing the block size to handle high volume transactions contrasts sharply with BTC developer’s stated goal to artificially keep blocks small. The developer community responded positively to BSV’s approach. A rapidly growing ecosystem of applications deployed using the BSV blockchain is spurring the rise in transactions.