Gigablock Testnet Initiative Under Way – How Large Can Blocks Be?
Bitcoin Unlimited, nChain, and the University of British Columbia (UBC) have teamed up to bootstrap the Gigablock Testnet Initiative. The goal of the initiative is to determine how large blocks bitcoin can handle, and to analyze the bottlenecks that may impede bitcoin’s scalability. According to a Bitcoin Forum post, the team has 4 main objectives with this project. They want to “setup and maintain a testnet network capable of supporting blocks up to 1 GB in size and sustained Visa-level transaction throughput (3,000 TPS).” They want to be able to experiment deeply with on-chain scaling to test its feasibility. They also hope to discover bottlenecks that affect scaling and then disseminate what they learn to the ecosystem. Why Need a Gigablock Testnet? The group is undertaking this project to finally determine how well large blocks can perform under a heavy load of transaction throughput. They mentioned that currently — as a result of small block sizes — transaction times and fees have become too burdensome. This makes micro-transactions impractical. The Bitcoin Forum article elaborated: The Bitcoin... View All ...."Gigablock Testnet Initiative Under Way – How Large Can Blocks Be?"
Israeli Securities Authority Establish Committee to Consider ICO Regulations
The head of the Israeli Securities Authority (ISA) has announced the establishment of a committee tasked with assessing the need for ICO regulations in Israel. The committee has been assigned to determine whether or not initial coin offerings fall under the purview of securities legislation. The New ISA Committee Has Been Tasked With Assessing If ICOs Should Fall Under the Legislative Apparatus Governing Securities Trading in Israel The new ISA committee is expected to submit its assessments regarding ICO regulations by December 31st, 2017. The committee is to be headed by the head of the ISA’s Corporate Department, Moti Yamin, and ISA chief economist, Dr. Gitit Gur-Gershgoren. The committee is reported to have been tasked with five specific directives – “1. Evaluate the financial essence of ICOs and whether it overlaps with other financial activity under Israeli law; 2. Make a comparative analysis of cryptocurrency regulations in various countries to evaluate the legitimacy of Bitcoin; 3. Examine if cryptocurrency trading and ICOs should be watched by the ISA; 4. Devise a... View All ...."Israeli Securities Authority Establish Committee to Consider ICO Regulations"
Fork Wars: Segwit Lock-In and Communication Breakdown
Segregated Witness has officially locked-in and bitcoin’s price is currently coasting along at $3430. Even though Bitcoin market prices have rallied to new all time highs after the August 1 hard fork, both Bitcoin and the newly formed network, Bitcoin Cash still have some uncertain futures ahead. Bitcoin Cash Pushes Forward as Network Strengthens The hard fork happened, and the Bitcoin network split into two different blockchains that share a previous history. The Bitcoin Cash (BCH) network has survived an entire week, with five mining pools dedicating hashpower towards this alternative chain. Currently, the Bitcoin blockchain is still 899 blocks ahead of the new BCH chain, and it’s also 54 percent more profitable to mine BTC than BCH. However, this will change on August 8 as Bitcoin’s difficulty is going to increase approx. 7 percent while the BCH chain has been lowered to 17 percent of BTC’s current difficulty. At the moment there have been 240 BCH blocks mined since the blockchain split and an ‘unknown miner’ has processed more than... View All ...."Fork Wars: Segwit Lock-In and Communication Breakdown"
About Me My Blog and Blogging Myself Ishwar Kumar Bhattarai !!! Welcome to my blog and thank you for Visit. I have long experienced and victim that Tribhuvan University not published even their syllabus in website and no reading materials has been found in online. So, I will try to post some of the course related articles here in my site, so that it will easy to find even something online. I have always been one who liked to help. This blog, in a way, is my attempt to “help” in some small way and has been on my mind for years, actually. I’ll explain. Do you want to know How I Started Blog? I would like to explain why I started this blog and most important is how can you benefited from this blog. I have tried to make website or blogs sometimes when I was reading in higher secondary level, but I was not sure that what I will have to blog about? Finally I thought to start… View All ….“Hi Everyone!”