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StnbUNn92vA | built on the Bitcoin blockchain it will work underneath invisibly to power worlds of data micro transactions and all of our future online activity so I'm going to turn it over to Steve shatters now to tell you a lot about what developers can look forward to using on between Thanksgiving just let me transition me everybody do I have the right screen on the right screen so | 1,332 | 1,378 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1332s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | someone will tell me in a moment by bank so here I want to talk to you a bit about some of the things that are possible on Bitcoin this week that don't really fit the narrative of of what you could or should be able to do with a blockchain at the moment I'm twelve of the body screen around the wrong way your good nasty good now okay so in the in the very beginning of Bitcoin Satoshi | 1,378 | 1,411 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1378s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | Nakamoto designed a system that was very open and had very few limitations you yet included a not code that allowed you to push up to four gigabytes of data to to the stack in a single Bitcoin script in fact you could use that up code many times so there was no effective limit to the amount of data that you put into into a transaction he made it very clear that Bitcoin was intended to scale and | 1,411 | 1,435 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1411s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | that the endgame for for miners was to be operating out of out of large data warehouses he also put an incredibly rich scripting language into into Bitcoin that made it very clear that bitcoin is not just about payments that the coin is about anything that you can imagine that that is possible by by using a turing-complete programming language but for a long time that's | 1,435 | 1,464 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1435s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | simply not been not been possible because well to be honest a bunch of people decided that we just weren't allowed to do that Bitcoin every developers do not want to be the guardians or the gatekeepers that say what you can do on Bitcoin Bitcoin is it is a free market and it really depends on what makes sense what makes sense economically what makes sense in terms | 1,464 | 1,495 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1464s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | of improving people's user experience what makes sense in terms of improving people's lives is what will govern what what can and can't be done on Bitcoin so let's step into a few of the things that are possible on Bitcoin that that don't fit the typical blockchain narrative so today we're going to talk about the three big big blocks big transactions and big scripts and I suppose I'm | 1,495 | 1,522 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1495s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | speaking to people here as a potential developers because I'm talking about the potential that can be unlocked as part of the developer experience and we'll start with big blocks but I make the point that big blocks are not something you should have to worry about we're just going to talk about big blocks because they are what enables you to to do all of these things that that we've | 1,522 | 1,548 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1522s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | been told so long enough possible so firstly why big blocks matter well it goes to the structure of the network and in fact the structure of the network the Bitcoin network that was described by by Satoshi Nakamoto and it's actually very different to the way that most blockchain networks look and you'll see over on the left the title of this slide is minimal hardware required what I mean | 1,548 | 1,574 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1548s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | by that is that as a developer or a user of Bitcoin you shouldn't have to have a data center full of computing equipment so that you can participate in the Bitcoin network you shouldn't even have to have a 200 gigabyte hard drive so that you can participate in the network by running the so-called full full node software what happens when when you have a world full of people that are trying | 1,574 | 1,602 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1574s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | to participate in a network on an equal footing like that is you develop a mesh network that starts to look a little bit like the diagram we have here this is a very small-scale imagining of that that the typical Bitcoin interaction if you consider the payment case is usually between a customer and a merchant or a shop in in this case and let me show you how that works when you have a mesh type | 1,602 | 1,633 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1602s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | network on a that is typical of most block chains today the customer in the shop already has a connection to each other because you've gone to their website to say that you want to buy a thing or rum or your you're trying to pay them so the shop has already told you that you need to pay them but you know in a typical block chain today you need to transmit that that last message | 1,633 | 1,661 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1633s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | which is the actual transaction through from customer to to merchants and and this is how it typically happens rather than sending it directly to the shop which would make sense because you've already got a connection to them you get the the cloud of of peers in the Bitcoin of the etherium or narrow networks whichever one it happens to be and your message in this case is the transaction | 1,661 | 1,687 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1661s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | bounces from box to box to box to box until it eventually pops out the other end now in a good day this will take 5 10 seconds on a bad day this can take potentially 30 seconds or even minutes and if you're talking about a payment experience that's just not good enough because we are competing with with the payment experience that that 7 billion people are used to it or | 1,687 | 1,711 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1687s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | maybe not 7 billion people are used to to the pay wave type metropoliz experience but but we know that you can walk into a shop literally tap a card and within a fraction of a second the transaction is done so that's what we have to compete with and 5 seconds is even as it is it's just not good enough but by the reason we have this configuration is simply because all of | 1,711 | 1,737 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1711s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | these nodes that you see on this on the screen right now are not actually economically incentivized to to run on well provisioned hardware everyone is told that everybody has to run a note of course you're not getting paid to run an ode so the costs associated with running running an ode or something that you're concerned about and that leads to this mesh kind of | 1,737 | 1,762 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1737s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | network configuration because the more connections you have with other people and the highest speed those connections are the more traffic you're going to be sending and receiving and of course the port is going to cost you and that's a real concern if there's no revenue coming in but the way that the Bitcoin network was intended to be configured was that the people that are responsible | 1,762 | 1,782 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1762s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | for the connectivity are the miners themselves and the miners are the ones that actually get paid as a part of the operations with a Bitcoin network now consider for a moment project project into the future where transaction fees transaction volume is high enough that just to pick an easy number to work with let's say there's six hundred thousand dollars worth of transactions fee | 1,782 | 1,805 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1782s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | revenue coming through every block every ten minutes now that sounds like a lot of money but break it down over millions and millions of transactions lots and lots of people paying a hundred to the cent each it's a lot of transactions but but I'll show you in a minute why why that actually becomes manageable so six hundred thousand dollars every ten minutes ten minutes is 600 seconds so that's a | 1,805 | 1,831 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1805s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | thousand dollars a second worth of revenue that's coming through the system now if you're a minor and your network connections aren't up to scratch and you can't receive the transactions fast enough even if you're delayed by five seconds in receiving the transactions that everybody else is getting straight away that's five thousand dollars worth of revenue that you're not going to get | 1,831 | 1,852 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1831s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | when you find a block and that's just you know one block is the unit 10 minutes fan imagine that over the course of the year so my land miners are highly incentivized to spend money on increasing a network connection capacity and they're very incentivized to be connected directly to all of the other miners so that they can all grab and Hoover up all of the the transactions | 1,852 | 1,874 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1852s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | that are coming into the network because each one of those transactions represents revenue and so what happens the network starts to reform itself into something that is much more like what satoshi nakamoto actually described in the early days of Bitcoin you see right there at the center these are nodes or otherwise known as miners they are the ones that actually run the network operate the | 1,874 | 1,904 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1874s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | network they're the ones that are incentivized to have full copies of the blockchain the massive hard drives that are requires as as blocks get bigger and out on the edge those whites white circles there they're actually peers I don't call them nodes I call them peers but they're actually the users of the network and that can be people who want to make payments or that can be | 1,904 | 1,925 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1904s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | applications that can be very big applications that are serving millions of users they don't mean to see everything that's going on in the Bitcoin network they need to be able to see the parts that consume them and they need to be connected to a very very fast backbone which is what the miners provide now I've only shown five mining nodes here but of course that number can | 1,925 | 1,948 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1925s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | vary quite significantly and I would expect it to be more but there's only room for so many circles on the page now remember back at the beginning of this animation I showed you the animation of this section I showed you the animation of the transaction floating from the customer all the way through the network bouncing around and eventually getting to the the recipient which was the | 1,948 | 1,973 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1948s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | merchant so let's see how it actually happened is the way that Satoshi described because the very first version of Bitcoin included a feature called IP to IP which is the very definition of peer-to-peer it's appear with an IP address connecting to another peer with an IP address this is so subsequently been removed from Bitcoin that we are putting it back in so this is actually | 1,973 | 1,995 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1973s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | how a transaction is supposed to flow customer and shop are already in touch with each other because they've decided to make a transaction and you know execute purchase of some goods or services etc so the customer sends the transaction directly to the shop makes sense because shop is the one that actually cares about getting the transaction confirmed so the shop takes responsibility for | 1,995 | 2,019 | https://www.youtube.com/watch?v=StnbUNn92vA&t=1995s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | sending it out to the minor now the miners are all incredibly densely connected so instead of those five hops that we saw before let's see what happens this time bang immediately as soon as it hits one minor it's after all of the others and so you've got incredibly low latency you you've actually got a speed of confirmation that some that can match the the competitors in the Fiat world and not | 2,019 | 2,046 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2019s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | only that but the the minor that you send it to and in fact you could send it to more than one if you want to can actually send you in response back and tell you the status of your transaction so we'll get further into that in a little bit and more talk about the merchant API but back to the the overarching topic I guess which is big blocks it's being blocks that make this | 2,046 | 2,066 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2046s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | possible it's being blocks that drive that economic model that some that incentivize - to form this this backbone and this is just an example it's it's one of the blocks I think that Jimmy actually showed you before showing the 370 megabytes and 1.3 million transactions these are a couple of charts that show the trajectory of Bitcoin is for over the last 18 months | 2,066 | 2,094 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2066s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | on the top here this is actually a chart of the largest block in any 24-hour period the actual average it follows the same trend but the number is obviously a bit lower it's it's still running at about double BTC and as far as I know is the largest of any of the block chains in the world but you can see that steady growth it's it's a logarithmic curve if this was a linear graph then it would be | 2,094 | 2,118 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2094s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | a much much steeper angle and probably wouldn't fit on the page but that capacity is there it's been demonstrated day in day out since since Bitcoin as we emerged onto the scene and down below again is the same graph but this time we're measuring the number of transactions per block so it's growing and that keeps the between a sweet team on our toes of course because we've got | 2,118 | 2,145 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2118s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | to make sure that the software can all is supply as much capacity as there is demand for and we're fairly comfortable we're about a hundred times further in front than we need to be but it pays for us to always remain vigilant so why do big blocks matter for you well the fact that you can Democrat out of capacity is very important from a fee perspective because it's only when block chains run | 2,145 | 2,172 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2145s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | out of capacity that you start to see huge spikes in fees there's not enough for everybody so people start bidding against each other and they start bidding the price of the transaction up that should never happen on a block chain there should be a market but the market is is there to determine how low fees can go not how high they can go and of course from a developer's point of | 2,172 | 2,193 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2172s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | view you don't want to be looking over your shoulder constantly and counting how many transactions your application is making and how many bytes are in each transaction you might even want to be able to use many transactions in cases where you've traditionally been told that you have to use one imagine a large payment of a let's say $1,000 and you don't want it to be known to the whole | 2,193 | 2,215 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2193s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | world well something that you could do is break it up into 20 small completely separate transactions which is something that would be unthinkable on on for example BTC or aetherium because of those transaction fees so big transaction this has enabled all sorts of use cases that that have that are not at all common on on block chains in general we'll just pick a couple out | 2,215 | 2,240 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2215s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | there bits to Gramma's sounds very much like Instagram and it's much like what you would think it is it's you know image images your own images thought unchanged whether SV is an archival service which i think is going to be very useful for researchers in 50 or 100 years time because whether data that's being put on chain is is immutable that can't be changed if anyone ever tries to use a | 2,240 | 2,269 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2240s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | fake version of that data it's trivial for anyone to prove and of course crypto fights I guess the the more fun end of a patient development that you can hook into a blockchain for all to gain all sorts of benefits of immutability now this last example is a little bit drier but it's a really good example of why scale matters in terms of enabling use cases that otherwise would be impossible | 2,269 | 2,301 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2269s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | the HR day there is a big player in the USA a u.s. pharmaceutical industry they're addressing a specific problem the opioid crisis which is in the news pretty much every day in the United States it's killing a lot of people and they're trialing a solution right now we then shown in fact for dealing with this prescription data in a non chain way now this is health records so of course | 2,301 | 2,328 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2301s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | there are privacy is paramount which whilst I won't go into all of the details because it would take too long but it shows that the privacy of on chain data is entirely possible but one of the key concerns that they have in looking at a block chain solution was capacity when this pilot is rolled out to a full scale solution they're expecting 3.2 million transactions per | 2,328 | 2,354 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2328s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | day now how long would that take to process on various block chains with to scale limitations that they have well these are these are the rough numbers Bitcoin would take 44 days to process just one day's worth of transactions if they're iam quite a bit better but still they would need a time machine it's a little over two days right now Bitcoin SV can chew through that many in 32 | 2,354 | 2,378 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2354s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | minutes and with Tera node of course it will eat them all up you know in a single block so this last section is it is probably the part that's closest to my heart because I have to admit I'm a bit of a script nerd the script is the the programming language built into Bitcoin for anyone who's familiar with the theory and you're probably familiar with solidity which is something that a | 2,378 | 2,404 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2378s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | theorem did incredibly well it's really easy to use programming language but when you think about Pro on on Bitcoin directly in script you probably think of something ugly and horrendous a little bit like this script is basically an assembly type language or a bytecode type language and in fact aetherium has its own parallel to this the etherium virtual machine runs off | 2,404 | 2,429 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2404s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | bytecode which is very similar to Java bytecode and in fact for a lot of years you could you couldn't even make scripts like this because they were simply too long there were limitations imposed by by developers on by the Bitcoin developers on what you are allowed to put into scripts so all of the potential that's available here was was not available or not able to be used except | 2,429 | 2,457 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2429s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | maybe on a test net at home so this is what a theory of solidity looks like but but it gets a little bit better than this of course the the potential for this is only just beginning to be unlocked something that we'll be talking about extensively I think in the Devcon will be the new IDE contract programming language s script there's others as well that's it there on the right and I put | 2,457 | 2,484 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2457s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | them side by side so you can compare and see how how similar it actually is to a theory of solidity this has been one of the most important things I think the Bitcoin sv2 address was the simple fact that the developer experience on on aetherium was was so much better than it ever was on Bitcoin and they probably won't ever be any better on on BTC but on Bitcoin SV we've done something about | 2,484 | 2,507 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2484s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | that so a script is available is a BS code extension which is a probably one of the most popular IDs in the world right now and it's trivially easy to use and here's just an example of their documentation that shows how to do a rabbin signature which is one mechanism of digitally signing data in a transaction any arbitrary data ana script is not the only one there's also | 2,507 | 2,535 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2507s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | the run platform there's the gear SV platform and at the upcoming Def Con I'll actually be previewing a little pet project of my own which I I expect would be added if anyone does or someone a slide similar to this in the future it might might be sitting there alongside it so I'm looking forward to sharing that so in terms of developer tools I've popped up this old | 2,535 | 2,561 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2535s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | simplified payment verification slide again that you would remember from near the beginning of this it's it's relevant because I just want to show you one of the other tools that are available right now on BTC it's not that easy for a developer to even transmit transactions you need to implement the entire pierre-pierre protocol and you're missing a lot of potential functionality | 2,561 | 2,587 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2561s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | that is really important for example you can't find out what what transaction fee you need to attach to make sure your transaction will get accepted well we solved that problem with Bitcoin sv with an interface the likes of which almost every developer in the world has probably used and implemented before a simple rest interface and it's a very simple API but it's run by miners and it | 2,587 | 2,612 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2587s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | allows you as a very user the user who wants to make a payment or a developer who wants to build an application to ask a miner directly how much fee what is it what exactly is the fee I need and can you send can I send you a transaction yes I can and can you tell me whether you've accepted the transaction or not it seems like such a simple thing that it's it's just not the impossible on on | 2,612 | 2,637 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2612s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | another blockchains and this is one of the first things that we wanted to address with the point is free so of course there's a world of developer resources and again that will be covered more in more detail in the Devcon but just a couple I want to point out to you in fact I saw this in the chat earlier on someone someone mentioned the wiki wiki got Bitcoin s | 2,637 | 2,658 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2637s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | video it's a great resource for learning about Bitcoin from from the ground up it does have a bit of a technical focus of course but that it also tries on some of those pages to sort of really explain the general concepts of Bitcoin and other resource I really is bsv devs which points to a lot of tools and developer tools and various other other bits of tooling as well as | 2,658 | 2,688 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2658s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | just some fun applications so I recommend checking that out and of course the part of the point here is to to speak to developers I would be remiss of me as an changed CTO not to throw in a plug here and say that we are growing we're by no means the only ones getting involved in Bitcoin o2b development is is a really interesting potential career path and was we be interested in talking | 2,688 | 2,715 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2688s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | to two people who are a few than a few steps along the way through their learning experience there are many many other in companies who are operating one Bitcoin SV right now and I think there will be many many career opportunities going forward so I'll turn back over to to Jimmy to wrap up with some questions [Music] [Music] Jimmy I can't hear you were you muted by | 2,715 | 2,796 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2715s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | chance [Music] [Music] hi all sorry I was trying to sort out things let me just wrap up before we take questions by telling you about a few things that are coming up soon I don't think we have a hackathon that's happening right now that goes for two months the competition period just started about a week ago and it ends August 18th it's our third Bitcoin sv hackathon so | 2,796 | 2,899 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2796s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | you can enter as a individual or as a team a lot of people like to participate as teams there's still plenty of time to sign up you have the opportunity to win up to a prize pool of a hundred thousand US dollars in Bitcoin SV for a first second and third prize the theme is to build applications that connect the world to one global blockchain because we are big believers in the fact that | 2,899 | 2,923 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2899s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | the Bitcoin blockchain in Bitcoin SV can support all over the world's data so to find out more go to be SV hackathon dotnet and that is one of the great initiatives from Bitcoin Association in addition we have a developer conference coming up July 18th and 19th that we're partnering with we are developers on that will be two days with a lot of information content and advice from the | 2,923 | 2,950 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2923s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | end chain team as well as many companies across the world to help you learn how to build on Bitcoin SV you can register on the we're developers comm site as well as find out more information at be SV dev con dot net that's July 18th and 19th so it's coming up soon and it's free to register so we hope lots of you take advantage of that opportunity to learn more about Bitcoin SV and that is those | 2,950 | 2,978 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2950s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | are just some of the interesting initiatives we have Bitcoin Association is the global industry organization that advances the business of Bitcoin SD if you want to get involved and learn more about what we're doing visit our website at Bitcoin Association dotnet as an individual developer you can apply to become an Fillie 'it of the association our memberships are really focused on | 2,978 | 3,002 | https://www.youtube.com/watch?v=StnbUNn92vA&t=2978s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | businesses but if you're not involved with a business that is a member become an affiliate of our association and sign up and get lots information about what we're doing in Bitcoin s deal and we're really excited to bring Bitcoin SP to the world we think it is going to be the global blockchain for enterprises and developers with big power as Steve said big blocks big transactions big script | 3,002 | 3,023 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3002s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | and big capabilities for everyone with that I think we have some time for questions so Steve one of the kitchens is is there a specific language you have to use for the DEF CON a specific language you have to use well no I mean the DEF CON itself is more of a more of a learning event I suppose but there'll be a number of tools which we'll be showing off some of which are actually | 3,023 | 3,062 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3023s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | languages themselves so the aim of Bitcoin is not to be language specific for example s script is one particular language that you can use for scripting but of course you don't need to actually get down into the weeds of Bitcoin scripts to make use of a Bitcoin there are plenty of tool sets available in all sorts of languages the JavaScript go - and rats Darla any anything you can | 3,062 | 3,092 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3062s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | imagine probably there are tools available so use whatever language you're comfortable with problem with the fluctuating price for B or C or B SVR other other blockchain tokens for some use cases yeah it is it is problematic and but well I'll get to addressing those problems in a moment but for many use cases it's not at all to use Bitcoin as B as a utility ledger | 3,092 | 3,133 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3092s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | often what you're not transmitting is large amounts of Bitcoin back and forth you're transmitting data and in fact the value carried in the transaction is the data itself not so not the amount of Bitcoin that you're transmitting so in those sorts of cases where you might only have a few satoshis attached to a transaction dust amounts then these fluctuations aren't aren't really going | 3,133 | 3,155 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3133s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | to matter longer-term now of course payment use cases and and anything whether we're the Satoshi value of the transaction is significant of course it does matter but I think that this is simply going to be something that will settle over time as usage picks up it's the the usage and the velocity of money in any currency that dictates how volatile currencies tend to be the US | 3,155 | 3,181 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3155s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | dollar for example is pretty stable currency because of the sheer amount of trade that goes on in and every day Killians and trillions of dollars every day so and it's not so much even the dollar value that's moving it's just the amount that it's moving around and how much people need to to have an acquire to use it for something so that's a longer-term problem but I'm confident | 3,181 | 3,210 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3181s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | that it will be solved and in the meantime there are many of other ways to use Bitcoin ESPE question are there any plans to remove the 25 transaction limit well it's not the 25 friends actually limit anymore it's the 50 transaction let me answer is yes of course there is this is probably the most asked question that I get the unfortunate part of the answer is it's a lot easier said than | 3,210 | 3,241 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3210s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | done there's layers and layers of of legacy code that had been added by BTC developers over the last 10 years that we're slowly gun picking we're getting very close though by the end of the year I will get my my life and my job on it that we will have it fixed by the end of the year there's a good chance that we'll have that limit substantially increased within the next | 3,241 | 3,263 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3241s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | few couple of months is there a place where you can get information about bsv scripting how it works how to program it and capabilities I would say probably one of your best resources is forgive the shameless plug the upcoming Def Con because there's at least two two presentations that are going to be specifically about Bitcoin script in different ways that you can make use of | 3,263 | 3,290 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3263s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | it now while there's a pause there was a comment earlier on somebody pointed out that I had a small little network on my wall I just thought I might show this because it's taken me almost a year to actually get funny in them I don't know if you can quite see see that there's a little bit of a hint as to what this actually is so this is actually an image of the Bitcoin SB network seven days | 3,290 | 3,323 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3290s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | after the hash ball in November 2018 it's a limited edition because one of our senior architects who collected the data and built this diagram gave it to me and then I made him delete the file so that it would have some some rarity value going forward in the future can we get does limited transaction outputs reduced or eliminated Steve you certainly can and it's simply a question | 3,323 | 3,360 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3323s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | of when or if we are again actively working on this and by way of working on a feature that sort of goes hand in hand in this which is enabling what I call consolidation transactions to be free that is where you have a large number of of inputs spending into a small number of outputs by doing that you're actually reducing the size of the UT Exocet which is a net benefit to miners | 3,360 | 3,386 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3360s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | so it makes sense to give them the option of that being able to be done for free and that opens up a world of different use cases very very micro payments you could offer a service that someone as a guess of value add to an existing transaction where someone just adds even or once atashi output to you as a third party service provider and now that's not very useful on its own | 3,386 | 3,411 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3386s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | but if you sit there and collect them and ask them once you've got a thousand or whatever then now you just make one of these free consolidation transactions and put them together into a into a single amount that's actually useful again how to build simple web app on top of the blockchain three seconds how long is a piece of string a really good way to do this is to go join a hackathon or | 3,411 | 3,440 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3411s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | something like that there's a lot of helpful people around that will help you one of the quickest onboarding libraries I suppose that I know of would be money button there's others that reducing other things but it's one that I know well so go take a look at their API and I know people have built an application in less than a day using that will there be systematic courses for beginners in | 3,440 | 3,466 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3440s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | the future let me address that one Bitcoin Association one of our key initiatives for this year and next year is really what you're seeing - a lot on developer education and training initiatives so ladling Wilson is our technical program manager overseeing this the answer is use we will be launching later this year a variety of online training programs one in | 3,466 | 3,490 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3466s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | conjunction with the Technical University that we're partnering with and they're just put up by Bitcoin association with a goal of providing both basic Bitcoin training for developers and then moving to a more immediate and at the youth levels allowing developers to complete online uses through an online education curriculum take assessment tests and eventually we want to | 3,490 | 3,510 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3490s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | a certification program to be able to survey developers at different levels of things upon the completion of our online education so look for more information about that later but I'll be coming and launching later this year Steve do you have any comments I think he means is that the maximum browser I think that's what that question means I have not actually had a chance to look at the | 3,510 | 3,537 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3510s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | maximum browser myself in depth and in detail but one thing that suppose that I will say about it is that it is at least a year or two ahead of when I expected it to be not maximum specifically but a browser that was geared toward toward another Net Applications I thought this was going to be something that would take quite a long time for someone to build so the approach that the team has | 3,537 | 3,561 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3537s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | has taken I personally think is really impressive I I look forward to seeing how other people start integrating its and and making it part of the the daily Bitcoin kind of user experience yeah I encourage everyone to download the master six beta test it out check it out play around with it I've started doing myself and a Jeff Kenya's team are definitely open to any feedback comments | 3,561 | 3,588 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3561s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | it's just a start and they're willing to take all kinds of suggestions for for that related to maximum Jeff and his team are also launching something called NB domain which is creating a new form of domain system for the watching like we have a you know internet URL the main system he's leading a initiative to create a new domain system for the watching world so I think that's really | 3,588 | 3,611 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3588s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | fascinating to watch as well Steve will be a better alternative for all op return or it's the final solution will there be a better alternative certainly not the final solution there's there's plenty of other solutions out there right now one thing that I'm kind of hoping people will start to explore in the near future is embedding data in in spendable outputs for example some | 3,611 | 3,641 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3611s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | people are familiar with some basic scripting the typical paid a filmic key hash type of script all you need to do is put an opportunity end of that script and then you can put more data on the end of it or before the script you can push data and then drop it again off the stack straight away is another way to embed data so that solves one problem that a lot of people I think have bitten | 3,641 | 3,665 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3641s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | there's been a lot of debate hot topic on Twitter lately what happens if minors don't keep all of that well as one solution is put it in a spendable output and they have have no option they'll probably charge you a higher fee for it that but it shows that there's many choices and many ways to do things in Bitcoin what I can say is up faults I've returned point never go away it's | 3,665 | 3,690 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3665s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | possible now we're not going to be changing the protocol again so there's nothing to stop you from using it that way if that's how you want to what are your favorite BSB projects jan what a tough question Rhian it's um it's like asking someone a parent to choose among their children what are our favorites there are so many great ones out there so I I personally | 3,690 | 3,712 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3690s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | can't name what obviously I think things in each or Davis pilot project to use the blockchain for opioid pharmaceutical prescription management and creating a bigger mission the global electronic health record so that consumers patients can be consumers of the health care data and monetize their own healthcare data I think that is fantastic because it demonstrates really the much bigger | 3,712 | 3,738 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3712s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | control and vision of what a global blockchain can be beyond just a payment system that's just one of my many many favorites and the other answer is anything Steve shadows does Steve you have any favorite you and I mentioned I have any favorites I mean there's a lot that I actually think a really impressive eschatos is is one that that's really not my socks off so much | 3,738 | 3,763 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3738s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | so that inspired me to start my own my own weekend project doing something kind of similar bit ping formerly known as Optimus v not a fan of the new name that I understand that I was just asking for a trademark or on the track I think that's a really clever way to to make use of Bitcoin s being you know coder I mean I was on the judging panel for the two hackathons and | 3,763 | 3,789 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3763s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | those two one you want a couple of them so so there's people who don't know what bit ping is it's a crowdsource and essentially network intelligence for monitoring website up and down time as well as other services on that use you know user mobile devices and devices around the world to provide that information we don't manage on the blockchain yeah do you plan to support | 3,789 | 3,816 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3789s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | hey ID parody if I recall rightly I think this is a an identity mechanism that was recently released and available it's meant to be sort of the payment mechanism agnostic it addresses BTC of the dresses ACH transfers and a whole bunch of other things when I plan to support it well I don't have any business that the personally needs it but do I think that a standard that | 3,816 | 3,852 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3816s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | promotes interoperability between payment systems is a good idea to DSV to support yes yes I do interoperability will help people to onboard on to the ESB and if a bunch of user facing applications are implementing this standard that it makes it much easier for those applications to integrate with us be in the future so yeah that note I take this moment to mention for our | 3,852 | 3,877 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3852s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | audience that one of the initiatives Bitcoin Association has launched and recently announced the initial committee members for it is a technical standards committee for Bitcoin SV we know that technology develops much more quickly and grows if there are interoperable standards so Steve is chairing the technical standards committee to evaluate just this exact kind of topic | 3,877 | 3,900 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3877s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | in many areas what standards can be recommended so that developers and businesses who are creating applications the Bitcoin has to be world can create things that communicate interact and interoperate with each other we think that's really vital it's one of the things we're doing to lead the initialization of the coin where would be the best place that I could | 3,900 | 3,924 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3900s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | talk to others about up coming up with ideas for the hackathon Steve there's a lot of different forums where where our application developers hang out of course the hackathon itself has its own discord channels where you can you can probably reach out to other devs and I think that the platform itself has facilities to help you with finding teams but outside of that there's | 3,924 | 3,950 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3924s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | there's a few telegram groups there's the Atlantis slack that's run by an Rider which is a common hangout for for developers I mean I don't have a huge amount of time to sort of hang around in all of these these various places so there may be it may well be others that I don't know about but here is a good place to start we'll go to any one of those and ask other people generally | 3,950 | 3,977 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3950s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | people are pretty friendly and willing to only to help you people get on board Thomas asks do you always have to compare hash outputs to create a locking script based on a push from TX or is it possible to unlock without knowing in advance exactly what the output will look like I spotted this question and I'm still trying to work I mean I know that you're talking about off push TX | 3,977 | 4,006 | https://www.youtube.com/watch?v=StnbUNn92vA&t=3977s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | and hashed outputs is a part of the seek hash algorithm so this is a very very technical question but I'm not quite sure what the specific use case is that you're what you're thinking of on push TX's is a technique that's quite close to my heart because I've been forgive the pun that I've been not pushing it for the last few years and it took a while for someone to to grab onto it and | 4,006 | 4,035 | https://www.youtube.com/watch?v=StnbUNn92vA&t=4006s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | actually try to implement it so I might take that question on notice so that I can actually give you a sense I answer rather than a been trying to guess what your what the question means and getting it wrong oh wow Henry what a question how long shatters until ESP transactions per second rivals that of MasterCard and Visa Steve give us a definite time well I mean in terms of | 4,035 | 4,064 | https://www.youtube.com/watch?v=StnbUNn92vA&t=4035s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | capacity we're pretty close the the long-term average number that has been cited for the whole lifetime in Bitcoin is 1700 transactions per second and we know that in in in short bursts of a few hours that the the SV network is already capable of handling that their peak capacity is quite a bit bigger but that's that's about 50,000 that's probably going to take a leap beyond the | 4,064 | 4,090 | https://www.youtube.com/watch?v=StnbUNn92vA&t=4064s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders | |
StnbUNn92vA | Bitcoin SV note software and into tera note their Bitcoin is we may may may be able to achieve that sort of unsure but I'm personally working on tera known proof of prototyping myself it's one of the few projects that that I dust off the old old keyboard and and get in and code myself but I generally don't have a lot of time for coding because I'm too busy organizing things and then chained | 4,090 | 4,117 | https://www.youtube.com/watch?v=StnbUNn92vA&t=4090s | Bitcoin SV: The Massively Scaled Blockchain to Meet Developer Needs—Jimmy Nguyen & Steve Shadders |
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