#Switzerland #Zug #BSV Blockchain #Teranode #Chainspect

BSV Association Partners with Chainspect to Showcase Hyperscale Performance

The BSV Association has recently announced a major collaboration with Chainspect, known as the leading real-time performance tracking platform specializing in over 50 hyper-scaling blockchains such as Solana (SOL), Ethereum (ETH), and others. This partnership is designed to offer a transparent insight into the throughput and latency metrics of the BSV network within Chainspect's public dashboard.

One of the most exciting aspects of this partnership is the full integration of the BSV Blockchain into Chainspect's live dashboard. This development provides a transparent view of BSV's network performance to investors, developers, and analysts, offering critical metrics regarding its operational efficiency. The BSV network anticipates a significant rise in its ranking on Chainspect as it prepares for its upcoming Teranode upgrade, which is currently entering production testing. This upgrade promises to introduce a horizontally scalable, microservices architecture that has already proven to achieve impressive benchmark throughput levels in lab environments, reaching millions of transactions per second (TPS).

The public deployment of these updates is expected to commence later this year, positioning BSV as a strong contender in the race for the fastest blockchain rankings by TPS on Chainspect. Both current and future users will have an opportunity to view BSV's real-time performance stats ahead of the full production rollout, fostering an environment ripe for innovation.

Martin Coxall, Director of Growth at the BSV Association, emphasized the significance of being featured on Chainspect, stating, "Being listed on Chainspect reflects the years of dedicated efforts to unleash the original Bitcoin protocol's ability to scale unbounded. For too long, the blockchain narrative has lacked a connection to real-world utility and performance. With Chainspect, we can cut through the noise using objective data, which will clearly speak for itself."

Coxall further elaborated, saying that this collaboration is much more than just a quest for ranking. It symbolizes a clear signal to the market demonstrating that BSV is open for business. He distinctly remarked that BSV operates as an enterprise-grade blockchain capable of meeting the needs of various applications, from micropayments and big data to tokenization and intricate smart contracts, and all at a competitive cost compared to other platforms. He extended an invitation to developers and businesses keen on scalability and efficiency to explore the data and consider building on the BSV platform, highlighting that the door is open for proof-of-concepts ready to leap to mainstream adoption.

This partnership represents a notable milestone in BSV's ongoing mission to provide unparalleled scalability and utility within the blockchain domain. By being included in Chainspect, BSV's performance will now be subject to independent monitoring and verification, making it visible to the broader community. This further strengthens BSV's position as the go-to blockchain solution for enterprises, government bodies, and large-scale applications.

About Chainspect

Chainspect has carved out a reputation as a premier blockchain analytics platform, emphasizing core fundamentals. It meticulously tracks essential scalability metrics, including TPS, finality, and block time, along with decentralization indicators such as the Nakamoto Coefficient and Validator/Miner counts across more than 50 blockchain networks. Its services are utilized by investors, researchers, and creators to compare different blockchains. It has gained acknowledgment from influential industry leaders, featuring in noteworthy publications such as Cointelegraph, Forbes, and Investopedia. Chainspect’s commitment to transparency in Web3 brings an unbiased, data-focused perspective to how blockchains are assessed for scalability and performance.

About BSV Blockchain

The BSV Association operates as a non-profit organization based in Switzerland, serving as the governing entity for the BSV blockchain while championing its global adoption and utility. Its mission includes supporting developers, businesses, and government institutions in harnessing the potential of BSV. Designed to be scalable and energy-efficient, the BSV blockchain is ideal for enterprise and governmental applications, offering limitless scaling, low fees, and robust security. With a keen focus on compliance and practical utility, BSV enables the development of groundbreaking blockchain-related solutions, addressing aspects like smart contracts, tokenization, and maintaining data integrity on a global scale.