https://www.coindesk.com/australias-science-agency-claims-breakthrough-in-global-blockchain-test/
Quote
Called Red Belly Blockchain and created by CSIRO's technology arm Data61 and the Concurrent Systems Research Group (CSRG) from the University of Sydney,
the network was tested across 1,000 nodes in 14 countries in the Americas, Asia Pacific and Europe.
CSIRO claimed "the benchmark was set by sending 30,000 transactions per second from different geographic regions" with an average latency of three seconds, adding it was the agency's first blockchain
test in a global setting.
The goal of the network is to solve the common issue of scalability among major blockchains currently by using an alternative consensus algorithm instead of the proof-of-work mechanism adopted by public
networks such as bitcoin.
According to a paper published by the CSIRO and the University of Sydney, the group has turned to a different algorithm called deterministic byzantine consensus. The idea, based on the paper's description,
is to allow the network to complete transactions after receiving a threshold of messages instead of having to wait for confirmations from nodes that are slow.
the network was tested across 1,000 nodes in 14 countries in the Americas, Asia Pacific and Europe.
CSIRO claimed "the benchmark was set by sending 30,000 transactions per second from different geographic regions" with an average latency of three seconds, adding it was the agency's first blockchain
test in a global setting.
The goal of the network is to solve the common issue of scalability among major blockchains currently by using an alternative consensus algorithm instead of the proof-of-work mechanism adopted by public
networks such as bitcoin.
According to a paper published by the CSIRO and the University of Sydney, the group has turned to a different algorithm called deterministic byzantine consensus. The idea, based on the paper's description,
is to allow the network to complete transactions after receiving a threshold of messages instead of having to wait for confirmations from nodes that are slow.
I wonder if this comes close to how Dash InstantSend works ? And if we can learn any lessons or insight from this ?
)
