Richard Baker, Nathan Cropper, Brandon Bryant, and Curtis Ellis all joined Kurt Wuckert Jr. to talk about WhatsOnChain, USDC integration on HandCash, tokenization, and more.
As the outgoing CEO of TAAL Distributed Information Technologies Inc., Stefan Matthews is pleased with the health of the business he’s handing on to his successor: “Things are going very well at TAAL.”
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
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.
2020 was a year of groundwork for TAAL in transitioning its business towards the goal of becoming a world leader in blockchain infrastructure and transaction processing.
TAAL Distributed Information Technologies Inc. announced that it is on track to reach its computing power target of securing 400 PH in computing power by year-end.
TAAL said in a statement that it intends to develop new revenue streams including support and services for enterprise users, APIs and proprietary server components that mesh with its own corporate services. WhatsOnChain's base is open-source and the site's basic functions (including existing APIs) are free to the general public.
WhatsOnChain was the first explorer to dedicate itself entirely to the BSV blockchain, launching in November 2018 as "sort of a hobby." Its development team of co-founder Simon Ordish, Liam Missin and Waqas Raza have decades of business and software development experience each. The three will be joining TAAL and continuing in their current roles.
TAAL paid for the acquisition with 1,739,882 TAAL common shares. WhatsOnChain staff shares will be put on a four-month hold in compliance with securities laws, after which half will be locked for a year, and the remaining half for five years to be handed over on condition the team meets set development goals.
TAAL CEO Jerry Chan said the acquisition will allow the company to build an "incredibly innovative blockchain platform" that's unique to BSV.
"TAAL welcomes the WhatsOnChain team and users, commits to supporting WhatsOnChain’s technology leadership in the BSV market, and will soon unleash its capabilities in enterprise industries which, when coupled with TAAL's blockchain computing infrastructure and transaction processing, will unlock a world of possibilities."
What's a blockchain explorer?
Blockchain explorers on Bitcoin and other chains have been a useful tool for researchers, investigators and educators over the years. With BSV's massive scaling and data-centric focus, however, their role is bound to become far more important in the future.
A large percentage of people (e.g. the average public user) uses a blockchain explorer mainly to check a transaction—to see if a payment has been made, confirmed, when, and to/from whom. Their search functions are versatile, allowing searches by address, TXID, block number, or (in WhatsOnChain's case, since this is BSV) OP_RETURN data. The entire history of Bitcoin, going all the way back to January 2009, is searchable.
Most also provide general statistics about the blockchain in general, showing the current and past hashrate, unconfirmed transactions and mempool size, mining/processing difficulty, and circulating supply (for the record, there was 18,517,568 BSV circulating at the time of writing).
Bitcoin BSV's aim to process and store all the world's data on the blockchain makes the role of a blockchain explorer even more important. People and companies won't just be checking on monetary transactions—there’ll also be vital records, tokens/assets, contracts, and more that few have considered yet. It all needs to be searchable and verifiable, and able to handle Bitcoin's global scale.
"We'll need tools to decode that data, and developers will need those tools as well," Ordish has said in the past. These tools built on WhatsOnChain will eventually become as important as the raw data itself, and there will be a lot of both. The aim is to make these tools as accessible, user-friendly (to developers and non-developers alike) and able to integrate with other services, like Merchant API. With its acquisition, TAAL is planning to do just that." title="TAAL acquires blockchain explorer WhatsOnChain in £2M share deal" />
WhatsOnChain will develop into a "browser for the blockchain" offering new tools to make data on Bitcoin SV more useful and transparent.
WhatsOnChain owns proprietary Bitcoin SV blockchain explorer technology developed by its founders who created the first-ever BSV block explorer to provide data in an easy and user-friendly manner.
Getting result on WhatsOnChain explorer search query is very easy and it will come out almost immediately.
WhatsOnChain was built to fill a need, and then improved again and again to become the standard for blockchain explorers.