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Documenti di Cultura
TECHNOLOGY
(https://news.bitcoin.com/wp-content/uploads/2017/12/fahhdh.jpg)
This week a research paper was published by the founder of Lokad, a quantitative
supply chain software company, and it details how terabyte blocks (TB) implemented
into the bitcoin cash (BCH) blockchain could be “feasible both technically and
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21/12/2017 '7 Million Transactions a Second' — Research Paper Declares 1TB Blocks Feasible - Bitcoin News
economically.”
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21/12/2017 '7 Million Transactions a Second' — Research Paper Declares 1TB Blocks Feasible - Bitcoin News
In 2016, Google is extracting about 7 USD per user per year, while Facebook is extracting
about 16 USD per user per year — If Bitcoin reaches 1TB per block, a large portion of the
world economy will be running on top of this blockchain o ering numerous
monetization opportunities.
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21/12/2017 '7 Million Transactions a Second' — Research Paper Declares 1TB Blocks Feasible - Bitcoin News
Throughout 2016 and 2017 bitcoin core (BTC) blocks have been filling up which has led to transaction throughput
congestion.
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21/12/2017 '7 Million Transactions a Second' — Research Paper Declares 1TB Blocks Feasible - Bitcoin News
The paper details that at the moment terabyte block gures are “wildly unrealistic” but
Vermorel believes the Bitcoin ecosystem will take at least ve years until terabyte blocks
are needed.
“Since the publication of the original Bitcoin paper 8 years ago, practically every cost
quoted in this document has been reduced by a factor greater than 10 — The cost of
long-term data storage is already anticipated to be divided by 3 by 2020 — The
bandwidth cost is also expected to decrease by 30% per year for the coming years as
well,” the terabyte block size paper reveals.
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21/12/2017 '7 Million Transactions a Second' — Research Paper Declares 1TB Blocks Feasible - Bitcoin News
What do you think about terabyte blocks for the bitcoin cash blockchain? Do you think
it is technically and economically feasible? Let us know what you think about
Vermorel’s paper in the comments below.
(https://news.bitcoin.com/author/jamieredman/)
Jamie Redman (https://news.bitcoin.com/author/jamieredman/)
Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency
community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written
hundreds of articles about the disruptive protocols emerging today.
(https://www.facebook.com/jamie.redman.374) (https://plus.google.com/u/0/105544450670786353264/posts)
(https://twitter.com/jamieCrypto)
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21/12/2017 '7 Million Transactions a Second' — Research Paper Declares 1TB Blocks Feasible - Bitcoin News
(https://news.bitcoin.com/wp-content/uploads/2017/12/Untitled-design-34.jpg)
Bitcoin Cash (BCH) has experienced dramatic bullish action recently, gaining over
100% against USD in just three days. As of this writing, BCH is consolidating at
approximately $3,800 after breaking above $4,000 for the rst time ever. BCH’s bullish
momentum has coincided with a more than 20% drop in the price of bitcoin core
(BTC).
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21/12/2017 '7 Million Transactions a Second' — Research Paper Declares 1TB Blocks Feasible - Bitcoin News
Also Read: Investors Call Foul Play as Coinbase Parries Insider Trading Accusations
(https://news.bitcoin.com/investors-call-foul-play-coinbase-parries-insider-trading-
accusations/)
The bitcoin cash rally, however, has not occurred without controversy
(https://qz.com/1161391/bitcoin-cash-bch-price-spike-leads-to-coinbase-insider-
trading-probe/). Earlier today, Coinbase and Gdax announced the introduction
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21/12/2017 '7 Million Transactions a Second' — Research Paper Declares 1TB Blocks Feasible - Bitcoin News
(https://blog.gdax.com/bitcoin-cash-trading-now-available-on-gdax-a853356bd89c) of
full support for bitcoin cash, seemingly out of the blue. The markets launched in “post-
only mode” – meaning that traders were not able to execute orders that were not
immediately matched, which was intended to give the opportunity to for liquidity to ll
the order books of the new markets in order to restrict dramatic price volatility. An hour
later, Gdax removed the “post-only” restriction, leading to a sharp price spike caused by
demand for BCH exceeding supply. Coinbase quickly reacted by reinstating the “post-
only” restraints two minutes later, citing “signi cant volatility” as the catalyst for the
decision. Before BCH trading was halted an hour later, Gdax posted a price high of
approximately $9,500 USD.
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21/12/2017 '7 Million Transactions a Second' — Research Paper Declares 1TB Blocks Feasible - Bitcoin News
among the most aggressive price action, dipping from a high of approximately $19,850
by roughly 30% to the $14,000 area. As of this writing, bitcoin is trading for
approximately $16,750.
Coinbase BTC/USD – 4 HR
Looking at the weekly chart, the stochastic RSI appears to be weakening, suggesting that
a larger retracement across the BTC markets could occur should the current trendline
fail to hold. Transversely, the daily charts RSI indicates that the markets may be oversold
– suggesting that the markets could ramp back up to test the all-time high should the
markets successfully establish support at the $16,000 area.
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21/12/2017 '7 Million Transactions a Second' — Research Paper Declares 1TB Blocks Feasible - Bitcoin News
Do you think that Bitcoin Cash will continue to establish new all-time highs? Do you
think that bitcoin can break above $20,000 across major exchanges? Share your
thoughts on the markets in the comments section below!
(https://news.bitcoin.com/author/samuelhaig/)
Samuel Haig (https://news.bitcoin.com/author/samuelhaig/)
Samuel Haig is a cryptocurrency and economics journalist who has been passionately involved in the bitcoin space since 2012.
Samuel has written about the disruptive potential of cryptocurrency with regards to the dialectical relations within contemporary
neoliberal capitalism.
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21/12/2017 '7 Million Transactions a Second' — Research Paper Declares 1TB Blocks Feasible - Bitcoin News
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