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In March 2021, the blockchain service provider TAAL claimed that it had managed to process a 638MB block on Bitcoin SV — far beyond the current, theoretical limit of 128MB. That’s a sizeable improvement on the 1MB block size that BTC is limited to, and some way ahead of BCH’s 32MB block size.
A 5GB block was produced on the ILCoin blockchain in 2020 thanks to the use of the RIFT protocol, which allowed the block size to increase without transaction speeds being compromised. This can be verified under block number 310280 on ILCoin’s Block Explorer.
Overall, the project says that it can deliver true decentralization, all while outperforming speeds on the Visa network by a factor of 10.
With financial institutions including Visa and Mastercard paying ever-closer attention to what blockchain technology is capable of — alongside mainstream banks — ILCOIN says it delivers unparalleled infrastructure that’s well-suited to the next generation of payments.
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