It is widely accepted that successful Blockchain application demands very large transaction processing capacity at low cost to scale. Historically, online gaming applications were particularly affected by a technological limit to this capacity, as online bets needed to be cleared, and if you had more than twenty-five related payouts from games pending unconfirmed you reached chain transaction capacity, and couldn’t use the remaining pot until a block confirmation came in.
Typically, this would be restricted by a set limit on the number of chained transactions; transactions that depend on previous transactions. Bitcoin historically restricted the depth or number of transactions to limit the amount of clean up required if a block became orphaned.
The default limit had implications for enterprise building applications that require very high volume of transactions. Until now, applications were restricted to twenty-five chained transactions per ten-minute average cycle, after which the node would reject the next one, until all the transactions were confirmed. The result limited throughput and as a result, scale. This affects exchanges the most as they spend a lot of time and effort to split their hot wallets up in ways to avoid this chained coin limitation in order to process their withdrawals.
To address this, TAAL recently completed a new node policy upgrade that materially changes the equation. The company has committed to significantly increase the transactions per chain default, supporting demand from the growing global development community. With this expanded capacity, users are able to make more than one transaction per second in near perpetuity. This major change further enables the Bitcoin SV network to scale unbounded to meet demand, ensuring safe, instant transactions at predictable low fees, always.
As a result, a new wave of BSV innovation will power applications and services that can accommodate far more expansive applications of on-chain scaling for linked transactions.
Backed by TAAL infrastructure and product innovations, enterprises will develop new use cases using the BSV protocol, the only blockchain with capacity to scale and meet ever more complex requirements.
The gaming sector will benefit from the release from the twenty-five transaction bottleneck, but far beyond this, the essentially unlimited capacity creates a stimulus for the development of products and services across business sectors from healthcare, to supply chain and social media.
Are you interested to learn more about our adjusted chain transaction capacity? Please reach out and let’s talk BSV.