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SV Node updates: Alert key, free transactions & restoring protocol | Connor Murray| #LDNBlockchain23
Discover the latest updates to the SV node software, including free transactions and plans for scalability and stability.
- The goal of the SV node software is to enable availability of Bitcoin for small casual transactions over the internet.
- The node software has inherited bad logic from core development teams and other development teams.
- The node software’s focus is on stability and security, with a plan to restore the original Bitcoin protocol.
- The original Bitcoin protocol’s alert key mechanism is being re-enabled to send signed peer-to-peer messages.
- The SV node software’s upper bound for scalability is a monolithic architecture, which needs to be improved.
- The goal is to provide free transactions, like in the original Bitcoin days, to enable small transactions.
- The node software is not meant for individual use, but for large corporate entities to build on the blockchain.
- The node software’s focus is on stability and security, with a plan to restore the original Bitcoin protocol.
- The original Bitcoin protocol allowed for op codes in unlocking scripts, which is being re-enabled.
- The node software needs to be made easier for businesses to build on, and a plan is being made for that.
- The goal is to enable large corporate entities to use the blockchain, with scalability being a major focus.
- The node software’s development is being driven by a focus on scalability and stability.
- The node software is being designed to enable large-scale usage, with the goal of enabling a million transactions per second.
- The SV node software is not designed to be run on individual computers, but rather on large servers.
- The node software’s documentation is being written and will be available later this year.
- The SV node software is being developed to be highly secure and stable, with a focus on restoring the original Bitcoin protocol.