CoinWallet Begins Pre-test of Bitcoin Network, Schedules Largest Stress Test to Begin on September 10



The Bitcoin network took a hit yesterday as CoinWallet ran its “stress pre-test” for about thirty minutes resulting in a “2-day delay and a 50 MB backlog” according to CoinWallet CCO James Wilson.

Reports are still coming in but it seems like most bitcoin exchanges and wallet companies were able to take the test in its stride.

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Wilson also told Bitcoin Magazine today that the company will be running a major stress test on the Bitcoin network on Thursday, September 10 starting at 10 a.m. GMT.

The purpose of these stress tests is to see if the Bitcoin network can handle a barrage of very small transactions that will act like a DDOS attack but most observers see this as a “political” statement and CoinWallet’s

Read more ... source: TheBitcoinNews