Driven by strong transaction processing performance and as capacity increases, TAAL’s consolidated revenue for Q3 2021 is expected to be in the range of $11.5 to 12 million, compared to $6.7 million in Q2 2021.
Gross revenues of $6.7 million for the second quarter ended June 30, 2021, represented an increase of almost 7 times compared to Q1 2021
The recent gigabyte-sized blocks on the BSV are driven by increased user demand for bigger blockchain capacity.
The thing that makes block 700597 special is, it's the first Bitcoin block to earn its processor a higher return in transaction fees than the block subsidy.
That world record block is the second time that the record has been broken in quick succession, following a block at height 699097 containing 999,743,208 bytes.
The record-sized block in question today was #699097, processed on August 6, 2021, at 4:04 a.m. UTC by an unknown miner. It included 11,785 transactions and earned 5.03489686 BSV in fees.
TAAL is a proud advocate of Bitcoin Association and Bitcoin SV Infrastructure team, who provide key software for and help maintain the network that powers the solutions and services the company delivers to its clients.
TAAL’s wholly-owned WhatsOnChain brand continues to deliver on promise to be the world’s BSV block explorer, attracting 2,000,000 monthly page views over previous two months.
Although the drop in hash rate will have a negative consequence on the digital currency markets in the short term, there are a few positive externalities that will come out of China’s ban on Bitcoin mining.
What led to the creation of TAAL Distributed Information Technologies Inc., Bitcoin’s lead transaction processor? On Bitstocks Podcast Ep. 49 part 2, we learn the answer to that question.
Lars Jorgensen, Chief Operating Officer of TAAL, shares his thoughts on China’s mining ban and what it means for the industry, as well as how energy efficiency ties into Bitcoin mining and the Bitcoin network.