Regarding Flare, if it'll keep the promise and if it'll be developed as described, well Bitcoin has a very long life full of success ahead
Topic: [2016-07-07] medium.com| The Bitfury Group Releases White Paper: “Flare: An (Read 299 times)
July 08, 2016, 01:18:10 AM
Bitfury's very good source: their whitepapers are so much interesting.
Regarding Flare, if it'll keep the promise and if it'll be developed as described, well Bitcoin has a very long life full of success ahead
Regarding Flare, if it'll keep the promise and if it'll be developed as described, well Bitcoin has a very long life full of success ahead
July 07, 2016, 08:33:17 PM
Flare will allow for huge scalability of the transaction processing power of the Bitcoin Blockchain network, with transactions per second (tps) capacity potentially exceeding that of legacy payment rails (such as Visa or PayPal). After implementation of Flare, we expect to achieve performance of at least 400 tps per single payment channel, and more than 100,000 tps for network overall in our test environment by the end of July.
This looks really exciting! Glad to see Bitcoin might be ready to "grow up" quickly.
This looks really exciting! Glad to see Bitcoin might be ready to "grow up" quickly.
July 07, 2016, 08:23:41 PM
The Bitfury Group Releases White Paper: “Flare: An Approach to Routing in Lightning Network”
Today the Bitfury Group released a white paper about Flare, a hybrid routing algorithm for payment routing on the Lightning Network. The paper suggests a two-phase algorithm: (1) a proactive update of the node’s routing map, which stores information about network topology, along with (2) reactive collection of information as needed when required by a Lightning Network request. This white paper is the first attempt to describe and preliminarily test an algorithmic solution for future implementation of the Lightning Network on the Bitcoin Blockchain that will allow for transaction processing scalability....
https://medium.com/@BitFuryGroup/the-bitfury-group-releases-white-paper-flare-an-approach-to-routing-in-lightning-network-8bc263dcdc92
Today the Bitfury Group released a white paper about Flare, a hybrid routing algorithm for payment routing on the Lightning Network. The paper suggests a two-phase algorithm: (1) a proactive update of the node’s routing map, which stores information about network topology, along with (2) reactive collection of information as needed when required by a Lightning Network request. This white paper is the first attempt to describe and preliminarily test an algorithmic solution for future implementation of the Lightning Network on the Bitcoin Blockchain that will allow for transaction processing scalability....
https://medium.com/@BitFuryGroup/the-bitfury-group-releases-white-paper-flare-an-approach-to-routing-in-lightning-network-8bc263dcdc92
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