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.
The Genesis upgrade on Bitcoin SV is revolutionizing how enterprises can view blockchain adoption. %%sitename%% news for %%date%%.
Bitcoin SV wins not only in technical capabilities, but judging by the metrics from February it shows that it is the most frequently used and remains the cheapest by far.
On the sidelines of CoinGeek London 2020, the nChain CTO gives an overview of what the Genesis upgrade brought and where BSV is headed.