A New Record in the Bitcoin Network
Bitcoin can only handle around 7 transactions per second at most. Since other systems, like visa, can handle more than 1,700 TPS, this has been criticized for its lack of processing capability. Nonetheless, it had never been put to the test before May 7 when the TPS hit 8.4.BRC-20, the new standard for Bitcoin issuance, swamped the network with little transactions of only a few pennies (exactly 0.00000546 BTC), accounting for the tiny difference between the theoretical maximum limit and the one attained. Bitcoin was able to function beyond its theoretical maximum because of these little transactions.
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