BSV Blockchain unveils Mandala Upgrade: Enabling unbounded scaling and other benefits
Thomas Giacomo, Director of Utilisation at BSV Blockchain, said, "Put simply, the Mandala upgrade is the network topology change from a Web2 client-server approach where nodes are responsible for all functions of network operation, including data storage and access. With the upgrade, nodes are free to focus on being nodes with all other functionalities being pushed out to an overlay service layer and wallets. Outside of unbounded scaling, the upgrade also comes with other benefits such as high connectivity and resilience."
The Mandala upgrade consists of three key components:
Frank Dickob, Provisioning Director at BSV Blockchain, said, "By fostering an environment of coopetition (competition and cooperation), the network can accommodate extremely high transaction volumes required for growing demand while enabling transaction processors the opportunity to significantly increase revenue. This will help build a resilient network that is better equipped to handle substantially higher volumes with respective increase in total fees that will more than compensate for the progressive decrease in blockchain subsidies. The direct beneficiaries of this strengthened network will be the end users, who will enjoy microtransactions fees and reliable service."
To learn more about the Mandala upgrade, BSV Blockchain invites enthusiasts and industry professionals to sign up for BSV Blockchain's upcoming DevCon where there will be an entire session dedicated to the topic. This will take place on 20th May at the London Excel and will allow attendees to learn about how the BSV Network works and why BSV's unbounded scalability is the preferred choice for enterprises, governments and startups leveraging Distributed Ledger Technologies.
When you book your complimentary ticket to BSV DevCon 2024, you will get access to the London Blockchain Conference on 21-23 May, which will also take place at the London Excel.
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About BSV Blockchain:
One Blockchain for Everyone.
The BSV Blockchain leads the BSV Blockchain for Enterprise and Government initiatives. This Switzerland-based global non-profit industry organisation supports the use of the BSV blockchain.
The BSV Blockchain oversees open-source programs and educates enterprises, government agencies, start-up ventures, developers, and users on creating a global blockchain ecosystem. The original Bitcoin protocol and its scripting language provide powerful technical capabilities that BSV has restored.
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