BitShares Report August 12th, 2023
BitShares
BitShares Group is focusing on making BitShares Blockchain the best eco-system to host the future money by:
https://coinmarketcap.com/community/articles/63f905dbfd311907dea28068/
Increased Transparency: BitShares Blockchain technology provides a much higher level of transparency than central banks, as all transactions are recorded on a public ledger and can be easily tracked and verified. This makes it easier to detect and prevent fraud and other financial crimes.
Faster Transactions: BitShares Blockchain technology allows for faster transactions than traditional banking systems, as transactions are processed almost instantly. This means that payments can be made quickly and securely, without the need for lengthy paperwork or waiting times.
Lower Costs: BitShares blockchain technology eliminates the need for third-party intermediaries, it reduces the cost of transactions significantly. This makes it more affordable for businesses and individuals to make payments and transfers.
Improved Security: BitShares Blockchain technology is highly secure, as it uses advanced cryptography to protect data and transactions. This makes it much harder for hackers to access sensitive information or steal funds.
Decentralized System: Unlike central banks, BitShares blockchain technology is decentralized, meaning that no single entity has control over the network. This makes it more resilient to external threats and manipulation.
SmartHoldem
- Testnet set a New Record! Here are some key takeaways:
- SmartHoldem Testnet has reached a new milestone: 5 529 600 000 operations per day!
- During the stress test, a record was set for processing transactions in the blockchain - 1,000,000 transactions in 30 minutes!
- The test network has 23 nodes. 21 nodes are blockchain validators. Block time 8 seconds. The network fees changes dynamically depending on the load and cannot exceed 1 STH.
- The technical specification for the Testnet node at the moment is 8GB RAM, CPU 2, and 24GB HDD.
- One transaction can include multiple payments (transactions L2), this process is called bundling and is a more efficient way to send funds to multiple recipients. For this reason, while the SmartHoldem network is composed of blocks of transactions, looking at the number of payments (transactions L2) is the best indicator of overall network activity. Payments are only counted after their transactions are included in a block.
- SmartHoldem testnet is still running, so if you didn't have time to take part in the test, you can do it now!
Open the testnet UI page https://smartholdem.io/stress-test and run your own test.
You will be given 10,000 test coins.
Testnet block explorer https://testnet-explorer.smartholdem.io/#/.
- Check out the full evaluation below:
https://community.smartholdem.io/topic/1008/smartholdem-testnet-set-new-record-evaluation-of-performance-and-scalability
XBTS
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