[2015-06-23] CD - Bitcoin Network Survives Surprise Stress Test

[tyz]

A planned 'ultimate stress test' for the bitcoin network has passed without major incident, though the company organizing the event said it was only able to send 15% of the transaction volume it had intended.

http://www.coindesk.com/bitcoin-network-survives-stress-test/

[sgk]

...The original intention was to flood the bitcoin network with transactions to see if the current 1MB block size was adequate at such volume, and if the network could recover quickly from a surge...  CoinWallet's stated aim was to demonstrate that the 1MB block size is inadequate if bitcoin is to become "anything more than a costly science project".....

Well, that's good. Though they could only test 15% of the volume they intended, the network held strong.

...CoinWallet said it will launch another test in seven days....

Well...  let's see 

[gogxmagog]

I'm not sure I'd call this a success. If the network wants to equal the transactions of say Visa, they need to handle a LOT more than 2 transactions per second.
Let's see how next weeks experiment goes...

[unamis76]

There was no doubt whatsoever since the get go that Bitcoin was obviously going to survive the test. It was only going to be slowed down. Think about at as a DDoS attack that doesn't render the server completely useless, just a bit slower.

That's pretty much what happened, a big backlog of transactions. I hope they do not repeat the test. The message is already out there, we need bigger blocks. No need to hit something that's already been beaten down...