Bitcoin Businesses Take Steps to Prepare for CoinWallet’s September Stress Test

network, the U.K.-based Bitcoin mining and wallet business has said it will be running another “stress test” in early September to test the Bitcoin network, according to International Business Times.

The company told the international journal that this round of “test” or “spam” attacks “will likely render most standard wallet software worthless and create nearly a 30-day backlog” in the system.

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Bitcoin Magazine reached out to CoinWallet to learn more about the company’s plans but received no response by time of publication.

Stress Test will hammer the Bitcoin network

Much like its previous stress test in early July of this year, CoinWallet’s so-called “dust attack” will flood the network with thousands of small, spam-like bitcoin transactions that are large in data but small in value.

A backlog of thousands of transactions with almost no value (such as 0.0001 bitcoin) waiting to be confirmed can potentially tie up the network for hours.

Making it clear which side of the ongoing blocksize debate it’s on, CoinWallet said that it needs to demonstrate that the current Bitcoin blocksize is inadequate and does not meet the demands of a growing

Read more ... source: TheBitcoinNews