Min menu

Pages

Coinbase celebrates new achievement

Coinbase

celebrates new achievement

On August 9

Coinbase launched its blockchain base from the second tier

To promote it through the somewhat ridiculous marketing meme Onchain Summer.

After a strong start

Coinbase CEO Brian Armstrong took to

social media platform X to celebrate a second-tier network that

achieved 16 transactions per second (15.88, to be precise).

As if this were a massive breakthrough in the blockchain industry

CoinDesk :

the main base of the Digital Currency Group (DCG)

promoted this "accomplishment" by saying that it had already exceeded Ethereum

Optimism and Arbitrum in total transactions per second.

As usual :

cryptocurrency industry media celebrates an achievement that

only seems like an achievement because of the poor technical capacity of

block chains that were supposed to be bitcoin improvements.

On August 8th :

BSV blockchain showed its strength by processing more

than 128 million transactions over a 24-hour period.

The original Bitcoin Protocol handled IoT-based testing transactions easily.

Given the productivity :

it is surprising that companies like Coinbase

which played a significant role in suppressing the original bitcoin

will boast about 16 transactions per second publicly.

Of course

basic transactions are largely driven

by the hype around the social media platform friends tech

While BSV :

blockchain transactions were part of the test

But the point remains:

there is nothing in the blockchain industry approaching

the BSV blockchain capability of, and most likely there will never be.

Since BTC

Core developers decided to fundamentally

change Bitcoin protocol in 2017 to create their own new protocol

A large number of alternative alternatives

the so-called advanced blockchain

emerged claiming to fix the problems they created.

However to date

none of them can compete with BSV blockchain

for transaction processing capacity on the chain.

As Satoshi Nakamoto said

there will be one global series, and after all, it will be Bitcoin (BSV).

Latest articles from : Business

Comments

window['__wavt'] = 'AOuZoY5C45IlJtiGSPcG-VOhSJa1o77dNw:1730903147331';_WidgetManager._Init('//www.blogger.com/rearrange?blogID\x3d8023384620332929998','//timo44.blogspot.com/2023/08/coinbase-celebrates-new-achievement.html','8023384620332929998'); _WidgetManager._SetDataContext([{'name': 'blog', 'data': {'blogId': '8023384620332929998', 'title': 'Timo', 'url': 'https://timo44.blogspot.com/2023/08/coinbase-celebrates-new-achievement.html', 'canonicalUrl': 'https://timo44.blogspot.com/2023/08/coinbase-celebrates-new-achievement.html', 'homepageUrl': 'https://timo44.blogspot.com/', 'searchUrl': 'https://timo44.blogspot.com/search', 'canonicalHomepageUrl': 'https://timo44.blogspot.com/', 'blogspotFaviconUrl': 'https://timo44.blogspot.com/favicon.ico', 'bloggerUrl': 'https://www.blogger.com', 'hasCustomDomain': false, 'httpsEnabled': true, 'enabledCommentProfileImages': true, 'gPlusViewType': 'FILTERED_POSTMOD', 'adultContent': false, 'analyticsAccountNumber': 'UA-214418455-3', 'encoding': 'UTF-8', 'locale': 'en', 'localeUnderscoreDelimited': 'en', 'languageDirection': 'ltr', 'isPrivate': false, 'isMobile': false, 'isMobileRequest': false, 'mobileClass': '', 'isPrivateBlog': false, 'isDynamicViewsAvailable': true, 'feedLinks': '\x3clink rel\x3d\x22alternate\x22 type\x3d\x22application/atom+xml\x22 title\x3d\x22Timo - Atom\x22 href\x3d\x22https://timo44.blogspot.com/feeds/posts/default\x22 /\x3e\n\x3clink rel\x3d\x22alternate\x22 type\x3d\x22application/rss+xml\x22 title\x3d\x22Timo - RSS\x22 href\x3d\x22https://timo44.blogspot.com/feeds/posts/default?alt\x3drss\x22 /\x3e\n\x3clink rel\x3d\x22service.post\x22 type\x3d\x22application/atom+xml\x22 title\x3d\x22Timo - Atom\x22 href\x3d\x22https://www.blogger.com/feeds/8023384620332929998/posts/default\x22 /\x3e\n\n\x3clink rel\x3d\x22alternate\x22 type\x3d\x22application/atom+xml\x22 title\x3d\x22Timo - Atom\x22 href\x3d\x22https://timo44.blogspot.com/feeds/1122702698934875982/comments/default\x22 /\x3e\n', 'meTag': '', 'adsenseClientId': 'ca-pub-5122798432610422', 'adsenseHostId': 'ca-host-pub-1556223355139109', 'adsenseHasAds': true, 'adsenseAutoAds': true, 'boqCommentIframeForm': true, 'loginRedirectParam': '', 'view': '', 'dynamicViewsCommentsSrc': '//www.blogblog.com/dynamicviews/4224c15c4e7c9321/js/comments.js', 'dynamicViewsScriptSrc': '//www.blogblog.com/dynamicviews/6eb7ce967db05cf0', 'plusOneApiSrc': 'https://apis.google.com/js/platform.js', 'disableGComments': true, 'interstitialAccepted': false, 'sharing': {'platforms': [{'name': 'Get link', 'key': 'link', 'shareMessage': 'Get link', 'target': ''}, {'name': 'Facebook', 'key': 'facebook', 'shareMessage': 'Share to Facebook', 'target': 'facebook'}, {'name': 'BlogThis!', 'key': 'blogThis', 'shareMessage': 'BlogThis!', 'target': 'blog'}, {'name': 'Twitter', 'key': 'twitter', 'shareMessage': 'Share to Twitter', 'target': 'twitter'}, {'name': 'Pinterest', 'key': 'pinterest', 'shareMessage': 'Share to Pinterest', 'target': 'pinterest'}, {'name': 'Email', 'key': 'email', 'shareMessage': 'Email', 'target': 'email'}], 'disableGooglePlus': true, 'googlePlusShareButtonWidth': 0, 'googlePlusBootstrap': '\x3cscript type\x3d\x22text/javascript\x22\x3ewindow.___gcfg \x3d {\x27lang\x27: \x27en\x27};\x3c/script\x3e'}, 'hasCustomJumpLinkMessage': false, 'jumpLinkMessage': 'Read more', 'pageType': 'item', 'postId': '1122702698934875982', 'postImageThumbnailUrl': 'https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6a4IxpMtuOKW5BNl4es5-VIG3q11ARPwHuPl9TH-8vWD53oh0eT94I3PNmKiU8tI3F06y8AVJiqsQygQFtHyMBgJF-2T0-vrsLAuIaFK2cDwjA4FY5tWCmb6bxTBSE6-9OiOw32rnuU6_03ZodA0jZdZhL444b8k7yRv3350bx0Cy3S2N3yBefNT9gumr/s72-c/Instagram%20work%20(1).jpg', 'postImageUrl': 'https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6a4IxpMtuOKW5BNl4es5-VIG3q11ARPwHuPl9TH-8vWD53oh0eT94I3PNmKiU8tI3F06y8AVJiqsQygQFtHyMBgJF-2T0-vrsLAuIaFK2cDwjA4FY5tWCmb6bxTBSE6-9OiOw32rnuU6_03ZodA0jZdZhL444b8k7yRv3350bx0Cy3S2N3yBefNT9gumr/s16000/Instagram%20work%20(1).jpg', 'pageName': 'Coinbase celebrates new achievement', 'pageTitle': 'Timo: Coinbase celebrates new achievement', 'metaDescription': 'Coinbase CEO Brian Armstrong took to\n\nBitcoin protocol in 2017 to create their own new protocol\n\n'}}, {'name': 'features', 'data': {}}, {'name': 'messages', 'data': {'edit': 'Edit', 'linkCopiedToClipboard': 'Link copied to clipboard!', 'ok': 'Ok', 'postLink': 'Post Link'}}, {'name': 'template', 'data': {'name': 'custom', 'localizedName': 'Custom', 'isResponsive': true, 'isAlternateRendering': false, 'isCustom': true}}, {'name': 'view', 'data': {'classic': {'name': 'classic', 'url': '?view\x3dclassic'}, 'flipcard': {'name': 'flipcard', 'url': '?view\x3dflipcard'}, 'magazine': {'name': 'magazine', 'url': '?view\x3dmagazine'}, 'mosaic': {'name': 'mosaic', 'url': '?view\x3dmosaic'}, 'sidebar': {'name': 'sidebar', 'url': '?view\x3dsidebar'}, 'snapshot': {'name': 'snapshot', 'url': '?view\x3dsnapshot'}, 'timeslide': {'name': 'timeslide', 'url': '?view\x3dtimeslide'}, 'isMobile': false, 'title': 'Coinbase celebrates new achievement', 'description': 'Coinbase CEO Brian Armstrong took to\n\nBitcoin protocol in 2017 to create their own new protocol\n\n', 'featuredImage': 'https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6a4IxpMtuOKW5BNl4es5-VIG3q11ARPwHuPl9TH-8vWD53oh0eT94I3PNmKiU8tI3F06y8AVJiqsQygQFtHyMBgJF-2T0-vrsLAuIaFK2cDwjA4FY5tWCmb6bxTBSE6-9OiOw32rnuU6_03ZodA0jZdZhL444b8k7yRv3350bx0Cy3S2N3yBefNT9gumr/s16000/Instagram%20work%20(1).jpg', 'url': 'https://timo44.blogspot.com/2023/08/coinbase-celebrates-new-achievement.html', 'type': 'item', 'isSingleItem': true, 'isMultipleItems': false, 'isError': false, 'isPage': false, 'isPost': true, 'isHomepage': false, 'isArchive': false, 'isLabelSearch': false, 'postId': 1122702698934875982}}, {'name': 'widgets', 'data': [{'title': '\u0627\u0644\u0635\u0641\u062d\u0627\u062a', 'type': 'PageList', 'sectionId': 'pages', 'id': 'PageList1'}, {'title': 'Timo (Header)', 'type': 'Header', 'sectionId': 'logo', 'id': 'Header1'}, {'title': '', 'type': 'LinkList', 'sectionId': 'menu', 'id': 'LinkList22'}, {'title': 'Blog Posts', 'type': 'Blog', 'sectionId': 'Tempnec', 'id': 'Blog1', 'posts': [{'id': '1122702698934875982', 'title': 'Coinbase celebrates new achievement', 'featuredImage': 'https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg6a4IxpMtuOKW5BNl4es5-VIG3q11ARPwHuPl9TH-8vWD53oh0eT94I3PNmKiU8tI3F06y8AVJiqsQygQFtHyMBgJF-2T0-vrsLAuIaFK2cDwjA4FY5tWCmb6bxTBSE6-9OiOw32rnuU6_03ZodA0jZdZhL444b8k7yRv3350bx0Cy3S2N3yBefNT9gumr/s16000/Instagram%20work%20(1).jpg', 'showInlineAds': false}], 'headerByline': {'regionName': 'header1', 'items': [{'name': 'author', 'label': '\u0643\u062a\u0628:'}, {'name': 'timestamp', 'label': '\u0622\u062e\u0631 \u062a\u062d\u062f\u064a\u062b:'}]}, 'footerBylines': [{'regionName': 'footer1', 'items': [{'name': 'comments', 'label': 'comments'}]}, {'regionName': 'footer2', 'items': [{'name': 'labels', 'label': '\u0627\u0644\u0642\u0633\u0645:'}]}], 'allBylineItems': [{'name': 'author', 'label': '\u0643\u062a\u0628:'}, {'name': 'timestamp', 'label': '\u0622\u062e\u0631 \u062a\u062d\u062f\u064a\u062b:'}, {'name': 'comments', 'label': 'comments'}, {'name': 'labels', 'label': '\u0627\u0644\u0642\u0633\u0645:'}]}]}]); _WidgetManager._RegisterWidget('_PageListView', new _WidgetInfo('PageList1', 'pages', document.getElementById('PageList1'), {'title': '\u0627\u0644\u0635\u0641\u062d\u0627\u062a', 'links': [{'isCurrentPage': false, 'href': 'https://timo44.blogspot.com', 'title': 'Home'}, {'isCurrentPage': false, 'href': '/p/privacy-policy.html', 'title': 'privacy policy'}, {'isCurrentPage': false, 'href': '/p/call-us.html', 'title': 'call us'}, {'isCurrentPage': false, 'href': '/p/who-are-we.html', 'title': 'who are we'}, {'isCurrentPage': false, 'href': '/p/archivepage.html', 'title': 'ArchivePage'}], 'mobile': false, 'showPlaceholder': true, 'hasCurrentPage': false}, 'displayModeFull')); _WidgetManager._RegisterWidget('_HeaderView', new _WidgetInfo('Header1', 'logo', document.getElementById('Header1'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_LinkListView', new _WidgetInfo('LinkList22', 'menu', document.getElementById('LinkList22'), {}, 'displayModeFull')); _WidgetManager._RegisterWidget('_BlogView', new _WidgetInfo('Blog1', 'Tempnec', document.getElementById('Blog1'), {'cmtInteractionsEnabled': false, 'lightboxEnabled': true, 'lightboxModuleUrl': 'https://www.blogger.com/static/v1/jsbin/3386964323-lbx.js', 'lightboxCssUrl': 'https://www.blogger.com/static/v1/v-css/13464135-lightbox_bundle.css'}, 'displayModeFull'));