On to Daniel Connolly's presentation. Unleashing transacti…
On to Daniel Connolly's presentation.
Unleashing transactions - one of the most important changes in Bitcoin... It changes things on a fundamental level to how Bitcoin should operate.
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Next stage for nChain infrastructure team: Teranode
I know they've been working on this for a long time. I'm very interested in this.
The "Bitcoin server network" vs "Peer to Peer network". I think that is important, and makes sense, but a lot of people won't see it. They'll think it's an attempt to kill Bitcoin or something.
But it's the opposite. It's essential for Bitcoin's survival.
"Why does the node software have to serve blocks from 2010?"
That's a great question. Mining software isn't about consuming the blockchain, but about producing it.
If you want to serve the chain, create specialized software for that purpose.
Teranode prototypes later this year...
Looking forward to that. I'm going to try my best to see if I can notice the difference when Teranode comes online. Not sure if I'll see a difference from my perspective... And that's a great thing if true!