Bitcoin Scalability Issue Takes New Turn As RSK Ready to Release Ginger
Bitcoin’s scalability issue will be affected by the proposed release of RSK's Ginger testnet due on May 22. Ginger will be the first Mainnet version of the RSK platform and the only production network providing democratic open access. RSK Labs, the creators of Rootstock, is a smart contract platform with a two-way peg and merge-mining to the Bitcoin Blockchain. When operational, RSK is expected to allow 100tps, instant payments and it does not need SegWit. It has also been touted to be able to do most or all of what Ethereum can do - only six times faster - because of its full....
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David Floyd // Twitter. Writing on Nasdaq.com, bitcoin observer David Floyd claims the quest to increase the size of the bitcoin block is a critical issue for establishing bitcoin as a major currency. The quest, however, has no ready solution, Floyd notes in his essay, titled, "The Crypto-Cold War: Bitcoin's Politics of Scalability." Floyd, who writes about investing, energy and politics, says at present, bitcoin's processing capability dwarfs in comparison to Visa, which can process 56,000 payments per second. Increase The Block Size? Increasing the bitcoin block size could solve the....
Waves is a decentralized platform that allows any user to issue, transfer, swap and trade custom blockchain tokens on an integrated peer-to-peer exchange. Waves platform, the custom blockchain token initiative targeting mass-market consumer and business adoption, is making progress with scalability solutions for its blockchain network. It has announced a series of measures to enable greater network scalability. Waves is a decentralized platform that allows any user to issue, transfer, swap and trade custom blockchain tokens on an integrated peer-to-peer exchange. Tokens may represent a....
Let’s get ready to rumble. The war between two of the biggest bosses in crypto space, Binance CEO Changpeng Zhao and FTX CEO Sam Bankman-Fried (SBF) seems to be just picking up steam and is currently the most heated issue for the market. The drama began early Sunday morning when FTX’s FTT token took a […]
Despite the hurdles facing the platform, the Ethereum network could end up emerging stronger and accomplish the milestones it set out to achieve in 2017, especially those related to smart contracts. Vitalik Buterin, co-founder of Ethereum, in his paper “Opportunities and Challenges for Private and Consortium Blockchains” released by the R3 Consortium earlier this year, highlighted some of the milestones, which include: Serenity (‘Ethereum 1.5’): the release of the proof of stake (Casper) version of the Blockchain, also including Ethereum Improvement Proposals (EIPs) 101 and 105. Expected....
Blockchain technology has come a long way since Bitcoin was introduced over a decade ago. While the number of use cases for blockchain technology continues to grow, there is one inherent problem that comes back to haunt the developer community – scalability. Many attempts to solve the scalability issue have ended up compromising speed or […]