Categoryblockchain

The Blockchain Scalability Problem & the Race for Visa-Like Transaction Speed

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Yes, blockchain has a scalability problem. Here’s what it is, and here’s what people are doing to solve it. The battle for a scalable solution is the blockchain’s moon race. Bitcoin processes 4.6 transactions per second. Visa does around 1,700 transactions per second on average (based on a calculation derived from the official claim of over 150 million transactions per day). The potential for...

Timechain : A Decade of Misunderstanding Blockchain

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Abstract: The term “blockchain” has caused much confusion and damage due to its failure to accurately capture the core characteristics of decentralized byzantine fault tolerant systems. In this article, a restoration of an older term is proposed as replacement. A decade ago, on October 31 2008, Satoshi Nakamoto announced on The Cryptography Mailing List that they had been working on “a peer-to...

Blockchain

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What is Blockchain? Blockchain Explained. Our block explorer allows you to search and navigate through the entire Payment Coin (POD) blockchain. The online browser displays the contents of individual blocks and transactions. It is a fully open and transparent public ledger.

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