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The Halvening Heralds a New Blockchain Economy for Miners
ZUG, Switzerland, April 18, 2024 /PRNewswire/ — With the fourth block reward halving around the corner for BTC and BSV, there will be increased focus from miners regarding the scaling potential of blockchain technology, with a focus on revenue, cost efficiencies, and sustainability.
While BTC faces challenges around block size limits, wallet / exchange congestion, and reduced block rewards, BSV is rolling out a future-proof strategy, dedicated to meeting industry demands, via nano transaction fees, big blocks, and unbounded scale.
The BSV Association’s R&D team recently announced its ground-breaking protocol update, Teranode, features greater network efficiency and speed, pushing transaction volume to 1,100,000 per second / 86,000,000,000 transactions in 24 hours. This demonstrates BSV’s commitment to delivering a scalable blockchain with faster, inexpensive, and secure transactions.
By shifting the focus from block rewards to transaction fees as the primary incentive for miners, BSV offers a sustainable revenue stream without imposing high costs and data caps.
Industry experts such as Siggi Óskarsson, Teranode Director at BSV Association, and Kurt Wuckert Jr., Co-Founder of the mining company Gorilla Pool, believe that BSV Teranode’s unbounded scaling potential can transform today’s blockchain economy and digital futures.
The Blockchain Index from the BSV Association highlights the differences between scalability, transaction fees, block size, eco-friendliness, security, and stability across leading blockchain platforms (BSV, BTC, ETH, and SLN).
Key Blockchain Index highlights:
- The cost per transaction on BSV significantly undercuts that of eBay, which charges its UK private sellers 12.8% of the total sale amount of 30 per order.
- A single Teranode Block (71GB) is equivalent to the data (70GB) lost by the Walmart-owned retailer Bonobos during a high-profile cyber-attack.
Please let us know if you require further information or wish to speak to one of our experts; we would be happy to arrange this for you.
About BSV Blockchain:
One Blockchain for Everyone.
The BSV Association leads the BSV blockchain for Enterprise and Blockchain for Government initiatives. This Switzerland-based global non-profit industry organisation supports the use of the BSV blockchain.
The BSV Association oversees the creation of technical standards and educates enterprises, government agencies, start-up ventures, developers, and users on creating a global blockchain ecosystem. The original Bitcoin protocol and it’s scripting language provide powerful technical capabilities that BSV has restored.
Photo: https://mma.prnewswire.com/media/2391077/Blockchain_Index_April_2024.jpg
View original content:https://www.prnewswire.co.uk/news-releases/the-halvening-heralds-a-new-blockchain-economy-for-miners-302120916.html
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S&P Global Sustainable1 Introduces Municipal Climate Risk Analytics
S&P Global Sustainable1 specializes in offering comprehensive data analytics solutions to evaluate environmental, social, and governance (ESG) risks for investors and market participants.
Their latest initiative introduces the Municipal Climate Physical Risk dataset, aimed at addressing the risks posed by climate change to municipal bonds.
Covering over 3,100 U.S. counties, all 50 states, and 47,000 general obligation bond issues, this dataset provides insights into climate hazard exposures for U.S. local governments.
It encompasses nine climate hazards across four climate scenarios, averaged over decadal time periods from the 2020s through the 2090s.
Included in the dataset are exposure scores comparing regional exposure to climate change hazards on both a national and global scale. Additionally, exposure metrics indicate the percentage of a region’s GDP and population exposed to climate hazards.
Steven Bullock, Managing Director and Global Head of Research and Methodology at S&P Global Sustainable1, emphasized the increasing frequency and severity of extreme weather events caused by climate change across various regions in the U.S., from high water stress in the West to compound exposure to flooding and tropical cyclones in the Southeast.
Source: fintech.global
The post S&P Global Sustainable1 Introduces Municipal Climate Risk Analytics appeared first on HIPTHER Alerts.
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The post Renasant Corporation promotes president and COO Kevin Chapman to CEO appeared first on HIPTHER Alerts.
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