Since 2009, when Satoshi Nakamoto implemented blockchain technology as a core component in Bitcoin, blockchain has been a buzzword in the tech industry. The success of Bitcoin has proven the magic of this technology platform, and now people are planning to implement it in almost anything. This article discusses five tips for productive blockchain performance testing in this article.
Block Size: The maximum fixed limit of a block is 1 megabyte. After the introduction of bitcoin, the average size of a block for the first 18 months came in under 30 KB. But in December 2017, it was hovering around 1MB. What if the size of a block exceeds 1 MB? It has not been decided yet what to do with blocks over 1 MB.
You should also check out the possibility of blockchain additions. Each new block is added to the chain after validating the transaction’s validity. So it has to be checked that there shouldn’t be any leaks in the block addition system and that the block should be added after validation.
String Size: There is no limit on the size of the string. So it’s interesting to test it for its functionality and performance. For example, the bitcoin chain size of the bitcoin chain keeps increasing day by day. If you want to know the current string size, just click here (it’s close to 599920 as I write this).
A load speed test is an important aspect that you need to check for productive blockchain performance testing. With so many people on the blockchain, the load becomes a key parameter to study in the blockchain. Let’s take the example of bitcoin. Currently, it has a max throughput of 3-4 transactions per second, but if transactions per second increase, like in the case of Visa (2000), Paypal (193), etc. So the load is still a big deal with blockchain, as its performance decreases as the load increases.
Since there are many miners involved in the transaction, ensuring security is a bit complicated. Yes, there is a multi-layered security system in a blockchain. If one of the layers has been hacked, instant transactions cannot be stopped. Therefore, it is necessary to check if one layer of security affects the other.
Cryptography is the backbone of blockchain technology. Therefore, it is necessary to ensure that the data is correctly encrypted and decrypted.
Encrypted and decrypted data is transferred from computer to computer, so it is necessary to check whether the transfer is working perfectly or not. Is the data sent and received at the other end, or is there a loss in between? Therefore, it becomes necessary to ensure that data is not lost.
This is only the beginning of the emergence of Blockchain technology – there is still much more to learn and show in the coming time. So we will see more blockchains at a pace that takes over the tech world in the coming years.
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