Blockchain
Bitcoin SV (BSV): Scaling at Record Levels, with More to Come
Reading Time: 2 minutes
They said big blocks weren’t possible on Bitcoin but Bitcoin SV (BSV) has already proved that to be wrong. Many are scared of BSV’s tech because it is simply superior to that of other coins and so are trying to distract the mission with personality-based business decisions but BSV is now on track for proving the naysayers wrong with technical advancements: in July, it raises its block cap to 2GB (that’s 2000 megabytes!)
nChain’s Director of Engineering Steve Shadders, who also serves as Technical Director for the Bitcoin SV Node team, announced on April 17 that the BSV client software will raise its default block cap from its current 128MB to a commanding 2GB in July. This ambitious plan comes after the BSV chain recently mined (in late March) two 128MB blocks, hitting the current block cap. 2GB blocks will enable thousands of transactions per second and rival legacy payment systems; it would also support advanced enterprise applications on BSV. Scaling matters for a blockchain to serve global business, and BSV is the only blockchain project that massively scales, right now.
In addition to raising the block cap to 2GB, the roadmap plans for an almost complete return in February 2020 to the original Bitcoin protocol so the “Satoshi Vision” of Bitcoin’s creator can be fully realized without artificial limits. he full scaling roadmap for BSV, the coin and blockchain that does it all, can be read here: https://bitcoinsv.io/2019/04/17/the-roadmap-to-genesis-part-1/
Jimmy Nguyen, Founding President of Bitcoin Association (which advances the BSV ecosystem) commented: “We will not be derailed from our goal of creating a workable, fast, low transaction fee Bitcoin network that can scale beyond the likes of VISA and can also support enterprise applications as the single global blockchain. BSV is proving this can be done and we now have a road map to achieve what Satoshi Nakamoto envisioned all along.”
For those wanting to hear about the only blockchain that can massively scale, come to the CoinGeek Conference in Toronto, May 29th-30th 2019.
SOURCE Bitcoin SV
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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