Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

Chronicle BSV Blockchain Latest Update

Published

on

chronicle-bsv-blockchain-latest-update

 

BSV Blockchain is pleased to announce its new Chronicle update which will officially launch later in 2024. The update will further align the BSV blockchain with the original Bitcoin white paper and allow it to dynamically scale at an exponential rate so it’s ready to meet the growing demand for trusted data.

The Chronicle update is a direct follow-up of the Genesis upgrade in 2020 which restored many aspects of the Bitcoin protocol that had been modified in previous software updates including the removal of most limit-based consensus rules, replacing them with miner configurable settings that give node operators the autonomy needed to set their limits as they determine are practical.

Connor Murray, Director of Stewardship said: “A main driving milestone of the BSV blockchain is to restore the protocol as close to the original protocol as possible, so with the Genesis update in 2020, we restored most of the original scripting functionalities of the script that were in the original Bitcoin protocol.

Advertisement

But there are still a few opcodes remaining that haven’t been restored yet. And, some limitations on ways you can add data into a transaction that needs to be removed. With the upcoming Chronicle update, due out later this year, we will restore some of the remaining opcodes that need restoration.”

These opcodes include: 

  • OP_VER
  • OP_VERIF
  • OP_VERNOTIF
  • OP_SUBSTR
  • OP_LEFT
  • OP_RIGHT
  • OP_2MUL
  • OP_2DIV

This will enable several new use cases as well as the removal of unnecessary restrictions and limits placed on the node, including:

  • Lifting restrictions on the length of numbers used in scripts
  • No longer insisting that the script stack must be left “clean” after execution
  • Low S requirement for signatures
  • Allowing opcodes in the unlocking script
  • No longer insisting on minimal encoding

However, the update will also add benefits for developers in several ways ahead of the upcoming Mandala upgrade.

Connor went on to say: “One of the opcodes is a versioning opcode which will allow developers to build overlay-type networks and transactions. it provides a way to version transactions, and build overlay networks, on top of the blockchain which we think is a really interesting use case.”

The Chronicle update will also provide the network topology that will scale as much as possible going forward, said Murray. He noted that an important function of the ongoing Teranode project is to take out some of the external services that the node currently handles and make the node software just do the core mining functions inherent to building blocks.

The Chronicle update is set to launch in Q3 2024 with further details available closer to the time. This will include more information on developer benefits and when miners should upgrade to the new version.

Advertisement

You can read more about Teranode and the Mandala upgrade here.

The post Chronicle BSV Blockchain Latest Update appeared first on HIPTHER Alerts.

Continue Reading
Advertisement

Blockchain

Bybit Web3 and Aptos Kick Off APT Ecosystem Airdrop

Published

on

bybit-web3-and-aptos-kick-off-apt-ecosystem-airdrop
Continue Reading

Blockchain

Torram Unveils Groundbreaking Infrastructure Tailored to Usher in a New Era of Bitcoin DeFi

Published

on

torram-unveils-groundbreaking-infrastructure-tailored-to-usher-in-a-new-era-of-bitcoin-defi
Continue Reading

Blockchain

CertiK Co-Founder, Ronghui Gu, Delivers Keynote Speech at 2024 Singapore FinTech Festival

Published

on

Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE