Utreexo Can Speed Bitcoin Initial Block Download By 62%
BitMEX Research grantee Calvin Kim has demonstrated how the Utreexo client can speed up the Bitcoin Initial Block Download by 62%.BitMEX Research grantee Calvin Kim has announced that the Utreexo project can successfully finish Bitcoin’s Initial Block Download (IBD) 62% faster than Bitcoin Core. Kim also noted that the speedup is expected to increase even further in the future, since many optimizations are yet to be implemented.“In our testing, we were able to complete the IBD around 62% faster compared to Bitcoin Core version 21.0.0 (in default mode) provided that the user isn’t bandwidth....
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Bitcoin nodes would benefit if the UTXO set could be stored in a more compact format. This is the promise of Utreexo. The post Video: What Is Utreexo And What Could It Mean For Bitcoin? appeared first on Bitcoin Magazine.
BitMEX has collaborated with a non-profit Human Rights Foundation to provide a $150,000 grant to Korean-based Bitcoin scaling researcher, Calvin Kim. Popular crypto derivatives exchange BitMEX has announced a $150,000 grant for Calvin Kim — a Korean-based Bitcoin scaling researcher.The grant comprises the second instance in which BitMEX has backed Kim’s research, with the exchange donating $30,000 to Kim in August 2020. For his current research, Kim plans to implement Utreexo into Bitcoin deployments using the Go and Rust programming languages respectively, while also working on “improving....
Grantee Davidson Souza will continue development on multiple Bitcoin projects following a Summer of Bitcoin internship, including Utreexo.
The Bitcoin Core development team released version 0.1 of its wallet software packages for all platforms this morning. The wallet was made available via the BitTorrent protocol, specifically to better serve regions of the world where Bitcoin.org official servers are either banned or hard to access. Among the goodies bundled in the new release were faster block transfer and a new way of setting transaction fees (details follow). Faster Block Chain Sync. The new wallet drastically improves the speed of the initial block chain synchronization. This method is called "headers first," and....
Dan Larimer is resigning from his post as the chief technology officer of the development company Block.one. Block.one made history when it raised $4 billion worth of cryptocurrency for the initial coin offering of EOS, a blockchain that was built to compete with Ethereum and other smart contract networks. Block.one’s main project is EOS. Prior […]