Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second

Testnet of Facebook's Much Vaunted Stablecoin Only Executes 6 Transactions per SecondThe Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that can be deduced from a Diem blockchain explorer update which shows the network only processes an average of six transactions per second (tps), with the highest […]

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Coingeek Funds Terabyte Block Initiative for Bitcoin Cash With 3.6M Euro

Coingeek Funds Terabyte Block Initiative for Bitcoin Cash With 3.6M EuroOn January 15 the cryptocurrency media outlet and blockchain company Coingeek owned and operated by the financial tycoon Calvin Ayre announced funding an initiative called the ‘Terab Project’ with 3.6 million euro. Coingeek alongside its partners Nchain and Lokad, plan to massively scale the bitcoin cash blockchain to terabyte (1 million MB) size blocks which could […]

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