Squire Mining : Announces Testing of Bitcoin SV Node
Bitcoin SV Node
Bitcoin SV Node software version 0.2.2 is a major milestone release featuring:
- Parallel transaction validation, resulting in a 50% improvement in cloud computing speed
- Incremental block assembly to support the building of bigger blocks and in support of transaction scaling
- Internal block streaming to optimize system memory resources when processing bigger blocks
These features bring substantial improvements to the capacity of the Bitcoin SV blockchain and pave the way for significant transaction scaling. Preliminary testing on the Bitcoin SV Scaling Test Network shows an increase from a sustained 200 transactions per second in version 0.2.1 to approximately 400 transactions per second with this version.
“This test is part of Squire’s leadership role in the adoption of Bitcoin SV to support large scale enterprise applications on the blockchain with our state-of-the-art mining infrastructure,” remarked
The Bitcoin SV Node software was developed by nChain on behalf of the
The Bitcoin SV Node version 0.2.2 is accessible at: https://bitcoinsv.io/2019/10/30/bitcoin-sv-node-v0-2-2-beta-release/.
Squire is pleased to announce that the board of directors has resolved, effective
About nChain Limited
nChain is a global leader in advisory, research, and development of open blockchain technologies. Established in 2015, the
Squire is a Canadian based technology company engaged, through its subsidiaries, in the business of developing and operating cloud computing data infrastructure and system technology to support global blockchain applications related to Bitcoin SV, Bitcoin Core and other associated SHA-256 derived digital assets.
About Bitcoin SV
Bitcoin Satoshi Vision (BSV) is the only Bitcoin implementation that follows Bitcoin’s original design, protocol and vision, as expressed by its creator
For further information contact:
President and Chief Executive Officer
Telephone: +1 800‐371‐2809
The CSE accepts no responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD‐LOOKING INFORMATION:
This news release includes “forward‐looking information” as defined under applicable Canadian securities legislation. Forward‐looking information and statements include, but are not limited to, disclosure regarding possible events, that are based on assumptions about future economic conditions and courses of action, and, in certain cases, can be identified by the use of words such as “potential”, “propose”, “aim”, “depend”, “seeks”, “plans”, “expects”, “is expected”, “intends”, “anticipates”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “can”, “could”, “should”, “shall”, “would”, “might” or “will”, or the negative forms of any of these words and other similar expressions. Forward‐looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward‐looking information. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, future demand for Bitcoin SV, Bitcoin Core and other digital assets and risks related to the mining thereof, when and if halving of Bitcoin will take place and the impact such halving will have on profitability, the ability to increase block size and the effects of such increases, integration issues, personnel and staffing requirements of Squire, technological change and obsolescence, statements with respect to testing of the Bitcoin SV Node software (including speed, block building, scalability and other benefits thereof) and the results or anticipated benefits of the Bitcoin SV Node, if implemented; statements with respect to Taal Orchestrator (including its ability to optimize, develop internal controls and provide other benefits for cloud computing fleets); statements with respect to benefits or improvements, if any, from the Bitcoin SV Node or Taal Orchestrator to the capacity of the Bitcoin SV blockchain; and statements made by the Chief Operating Officer of Squire, the President of the
2019 GlobeNewswire, Inc., source