Waves Wants to Put an End to Bogus Blockchain Speed Claims

Waves Enterprise has created a framework for load testing of blockchain networks under real-life scenarios in order to provide greater transparency for potential clients.

Original sin

Transactional capacity or lack thereof has been a hotly contested discussion in the industry almost from the beginning. The first known response to Satoshi Nakamoto announcing Bitcoin (BTC) was on exactly this topic: “We very, very much need such a system, but the way I understand your proposal, it does not seem to scale to the required size.” A lot has changed since then. Many alternative consensus protocols have been developed, hundreds of public and permissioned blockchains have been built. However, the issue of speed and capacity remains ever relevant. Many of these second- and third-generation blockchains are much faster than Bitcoin — or at least, they claim to be. Read More...

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