{"id":35605,"date":"2021-01-29T19:42:32","date_gmt":"2021-01-29T17:42:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35605"},"modified":"2025-08-29T02:05:19","modified_gmt":"2025-08-28T23:05:19","slug":"diem-testnet-surpasses-50-million-transactions-milestone","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/diem-testnet-surpasses-50-million-transactions-milestone\/","title":{"rendered":"Diem testnet surpasses 50 million transactions milestone."},"content":{"rendered":"<p>The Diem testnet (formerly Libra) has processed over 52.8 million transactions. Data from a <a href=\"https:\/\/indiem.info\/explorer\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain explorer<\/a> indicate that the milestone has been reached.<!--more--><\/p>\n<p>The testnet operates with an average throughput of 3 TPS.<\/p>\n<div id=\"attachment_123455\" style=\"width: 634px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-123455\" class=\"wp-image-123455 size-full\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image1-402.png\" alt=\"\u0422\u0435\u0441\u0442\u043e\u0432\u0430\u044f \u0441\u0435\u0442\u044c Diem \u043f\u0440\u0435\u043e\u0434\u043e\u043b\u0435\u043b\u0430 \u043f\u043e\u0440\u043e\u0433 \u0432 50 \u043c\u043b\u043d \u0442\u0440\u0430\u043d\u0437\u0430\u043a\u0446\u0438\u0439\" width=\"624\" height=\"164\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image1-402.png 624w, https:\/\/forklog.com\/wp-content\/uploads\/image1-402-300x79.png 300w\" sizes=\"auto, (max-width: 624px) 100vw, 624px\" \/><\/p>\n<p id=\"caption-attachment-123455\" class=\"wp-caption-text\">Dynamics of the main parameters of the Diem testnet. Source: <a href=\"https:\/\/www.google.com\/url?q=https:\/\/indiem.info\/&#038;sa=D&#038;ust=1611940813370000&#038;usg=AOvVaw3uWDp85GJZ76YKBUuM-0Lf\" target=\"_blank\" rel=\"noopener noreferrer\">Diem<\/a>.<\/p>\n<\/div>\n<p>By this metric, the Diem network lags behind the Bitcoin blockchain (4.6 TPS), Ethereum (15 TPS) and next-generation blockchains such as Solana (65,000 TPS). The testnet interacted with more than 221 thousand addresses. One address stored more than 100 million LBR, while most held 1 LBR each.<\/p>\n<p>In April, the Libra project abandoned its original concept of a global stablecoin in favour of several stablecoins, each pegged to a different fiat currency\u2014the US dollar, euro, British pound and the Singapore dollar.<\/p>\n<p>On 1 December, the Libra Association <a href=\"https:\/\/forklog.com\/en\/news\/libra-association-renamed-to-diem-association\">changed its name to Diem Association<\/a>. In May, Facebook carried out a wallet rebrand for Libra, renaming Calibra to Novi.<\/p>\n<p>German Finance Minister Olaf Scholz <a href=\"https:\/\/forklog.com\/en\/news\/germanys-finance-minister-brands-libras-renaming-a-wolf-in-sheeps-clothing\">noted<\/a> that renaming Facebook&#8217;s digital currency is not enough to ease regulators&#8217; concerns.<\/p>\n<p>Follow ForkLog on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Diem testnet (formerly Libra) has processed over 52.8 million transactions. Data from a blockchain explorer indicate that the milestone has been reached.<\/p>\n","protected":false},"author":1,"featured_media":35606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2049],"class_list":["post-35605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-diem-association"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=35605"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35605\/revisions"}],"predecessor-version":[{"id":35607,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35605\/revisions\/35607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/35606"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=35605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=35605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=35605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}