The future is all about Teranode, the multi-threaded implementation of the Bitcoin protocol aimed at enterprise and which has unlimited capacity to scale, according to Steve Shadders.
The update introduces mobile client libraries with all-new functionalities, including push notifications for both iOS and Android devices.
With this new version, resource-hungry applications like CryptoFights should be able to make their complete debut with no practical limits, and the Bitcoin ecosystem should begin to see some very big blocks.
Over the past week, the Bitcoin SV Scaling Test Network regularly handled blocks of over 380MB, with close to 2 million transactions in each one.
Headlining the Dynastic update to the Bitcoin SV Node software is improved support for long chains of unconfirmed transactions, with the ancestor and CPFP default limit extended to 1,000.
Bitcoin's transaction capacity just keep getting bigger, and this week's record is 16,415,525 transactions in a single block—the highest number on any blockchain, ever.
Bitcoin SV Node software v1.0.7 is a beta release from version 1.0.6, so the changes are mostly small but be sure to know the risks before upgrading to the new release, Kurt Wuckert Jr writes.
Bitcoin SV version 1.0.7 (Dynastic) will be released in “early” January, and it will raise the default ancestor limit to 1000 children to an unconfirmed parent.
The new software packages allow Bitcoin users to transact directly and securely with each other, without having to download an entire copy of the blockchain to verify them.
Steve Shadders discusses how the Bitcoin network handled the high level of traffic “without breaking a sweat.”
Just days after the Bitcoin network processed a record 309MB transaction block, the record was broken by another—369MB, also by TAAL.