Steve Shadders, Technical Director of the Bitcoin SV Infrastructure Team, gave his customary "state of the network" speech to open the CoinGeek New York event with a rundown of the issues and solutions.
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.
In this episode of CoinGeek Backstage, Becky Liggero caught up with nChain CTO and chair of the Bitcoin SV Technical Standards Committee Steve Shadders, behind the scenes at the CoinGeek Conference in Zurich.
At the recently held CoinGeek Conference in Zurich, Switzerland, Steve Shadders presented a live demonstration of a Teranode ramp-up.
The Scaling Test Network should be used more to push boundaries and demonstrate BSV's big data capabilities, says Big Block Testers chairman Roy Murphy.
On a day which saw the Demo-Gods’ smile upon him, Steve Shadders was able to demonstrate a 4-cluster Teranode process over 50,000 txn/s before the latency delay rose above 100ms.
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.
When properly incentivized, Bitcoin is capable of an unfathomable amount of throughput and flexibility that can dwarf Visa, MasterCard, SWIFT, ACH and all of the data management networks on earth.
No other blockchain today is capable of processing transaction blocks that large, at a cost to users (in transaction fees) that makes it feasible for business and other large organizations' use at scale.
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 BSV is the blockchain for big data and enterprise, and people in the know say we'll be hearing a lot more about this in 2021.