In the cryptocurrency and blockchain industry, building scalable solutions is an ongoing process. While it seems to be only a matter of time until a major breakthrough occurs, the Waves team has achieved an interesting milestone. Network statistics indicate the network handled 6.1 million transactions without any problems.
Over the past few years, there have been numerous attempts at setting new transaction throughput records. Various currencies have held the title to date, including XRP, EOS, and Ethereum. At the same time, all of these currencies show how direly Bitcoin needs to scale if it wants to remain a competitive option.