Blockchain
The Bitcoin SV Developers Hackathon: 3 Companies Win Direct Investment
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It is always hard with any contest-based investment not to lapse into cliché and talk of ‘incredible standards’, ‘amazing talent’ and, of course, ‘really tough decisions’ but…
…what can be said for certain is the Bitcoin SV (BSV) chain’s ‘set in stone’ protocol has had the desired effect, namely; attracting swathes of highly-sophisticated developers to build solutions on top of the existing protocol, safe in the knowledge that the underlying ‘plumbing’ will never be changed.
Held last week in Toronto at The CoinGeek Conference, and sold out at 150 developer-specific places, the hackathon judges have voted and the winners of the Bitcoin Association‘s first ever Bitcoin SV hackathon are as follows:
1st place with a prize of 250 BSV – UptimeSV
2nd place with a prize of 100 BSV – TonicPow
3rd Place with a prize of 50 BSV- PolyGlot
UptimeSV: Provides distributed performance and uptime monitoring for robust, DDoS-hardened enterprise systems that is, of course, powered by Bitcoin SV and enables anyone to earn BSV by installing an app and getting paid to participate in uptime tests for clients of the platform. UptimeSV was developed by an Australia-based team who go by the name of Demonstrandium led by Dean Little (captain) with Brent Bevear, and Jye Turner.
TonicPow: A peer to peer advertising platform enabling users to monetize their site and earn Bitcoin SV directly from advertisers who can also promote their product with ease or raise money with crowd funding “Tonics.” TonicPow was developed by a Canada-based team of Attila Aros (captain), Luke Rohenaz, and Austin Rappaport.
Polyglot: is designed to be Bitcoin SV’s most intuitive way to interact with a myriad of metanet protocols through python, thus smoothing to entry path for new developers to Bitcoin SV - it’s a match made in heaven. Polyglot was developed by a New Zealand-based developer is Hayden Joshua Donnelly, operating under username “AustEcon.”
But, naturally, the world keeps turning and the very word ‘developer’ means the momentum must never stop; so we would like to invite even more of you to CoinGeek Seoul, in the first week of October to find more solutions and create yet more business-friendly additions to the BSV blockchain. The only chain that can do it all and scales, now.
SOURCE Bitcoin SV
Blockchain
Africa Loyalty Programs Market Databook 2025, with Safaricom, Paga, M-Pesa, Airtel Money, MTN MoMo, Pick n Pay, JumiaPay, Paycode, TradeDepot, Shoprite, Flutterwave, Takealot, Ecobank and More
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African Loyalty Programs Market
Blockchain
Taraxa Report Reveals 20X Overestimation In Blockchain Throughput
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As the Layer-1 ecosystem is increasingly flooded with inflated performance claims, new research from Steven Pu, Co-Founder of Taraxa, delivers a reality check. Using data from Chainspect, the study evaluates the cost-efficiency of 22 blockchains by analyzing the real-world cost of running a validator node against actual mainnet throughput.
Blockchain performance reports often rely on idealized scenarios with private testnets, specialized hardware, and unrealistic assumptions that inflate transactions-per-second (TPS) numbers. This results in performance claims that look impressive on paper but do not hold up in practice.
Pu’s research introduces a more pragmatic approach—measuring transactions per second achieved on mainnet per dollar spent on a validator node (TPS/$). This simple yet powerful metric directly addresses the distortion in performance figures by shifting the focus from theoretical throughput to cost-adjusted efficiency. By assessing how much real transaction processing power a network provides per dollar spent, this study offers a fair and verifiable way to compare blockchains on a level playing field.
Figures are produced by dividing the observed mainnet throughput by the monthly cost of a single validator node. The goal is to ensure that blockchain developers, investors, and users have access to data that truly reflects network sustainability and scalability.
This research is more than just a comparison—it’s a call to action. For too long, blockchain projects have relied on inflated performance metrics that fail under real-world conditions. By shifting the focus to cost-efficiency and observed mainnet performance, Pu’s study sets a new standard for evaluating blockchain scalability.
Tellingly, the results expose a striking gap between theoretical performance figures and real-world results. Figures show that theoretical throughput is overstated by a staggering average of 20 times when compared to actual mainnet observations. This means that TPS figures, often cited in whitepapers and marketing materials, vastly exceed what is achievable under real-world conditions.
Such a significant discrepancy suggests that developers, investors, and users may base their decisions on numbers that do not hold up outside of a controlled test environment. This calls for a reform in how blockchain performance is reported and evaluated.
“Investors, developers, and users deserve transparency,” explains Pu. “The blockchain industry has long been obsessed with theoretical performance figures, but numbers generated in a lab mean little if they can’t be replicated in real-world conditions.”
“Our research also shows that many networks require expensive hardware just to achieve modest transaction rates, which is neither technically impressive nor decentralized. By focusing on verifiable data from live networks, we can shift the conversation toward meaningful performance metrics that actually impact usability, cost-efficiency, and decentralized adoption.”
Findings also show that only four out of the 22 blockchains achieve a double-digit TPS/cost ratio. This low percentage highlights that most networks require high expenditures to reach modest transaction rates. Many networks fall short when the real cost of running a node is considered. Users and developers face a challenging landscape where performance is not always backed by cost efficiency.
Rather than dismissing other chains, Taraxa calls for more transparent, verifiable and balanced metrics for comparing blockchains. The research is more than just a comparison—it’s a call to action. For too long, blockchain projects have relied on inflated performance metrics that fail under real-world conditions. By shifting the focus to cost-efficiency and observed mainnet performance, Pu’s study sets a new standard for evaluating blockchain scalability.
Overall, the research challenges common industry practices that rely on overly optimistic theoretical metrics. The market often relies on figures generated under ideal conditions that rarely match everyday use.
By basing this study on data from live networks, the Taraxa team provides a more grounded look at blockchain performance. The focus on cost efficiency and real-world conditions helps set a new standard for performance reporting.
The post Taraxa Report Reveals 20X Overestimation In Blockchain Throughput appeared first on News, Events, Advertising Options.
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