Blockchain developer mark Friedenbach (Mark Friedenbach), formerly worked with NASA, presented a new method for scaling of network Bitcoin (BTC), which does not require hard forks. The presentation method was held last Friday at the seminar Forward Blocks in Tokyo.
The method is called Forward Blocks is the sequential use of the consensus algorithm proof-of-Work (PoW) and alternative private registries. According to the developer, this method will increase the current volume of transactions in 3584 times.
The method of applying the so-called soft-fork alternation involves improving the consensus rules and the use of old, unpatched that is, nodes for transaction processing. During the presentation, Friedenbach also mentioned sharding and stressed its important role in supporting resistance to censorship and said that he had borrowed the term and the scope of the database. The developer noted that sharding in his study — it’s not quite the same, that mean the creators of other sharding methods for scaling the blockchain.
The term “sharding” is widely known in connection with the upcoming hardforum Ethereum (ETH). About sharding in this update in the spring was told by the Creator of the network, acne Buterin. The term described a method of increasing the maximum number of transactions that are able to handle the blockchain. The idea of sharding is that during the transaction multiple computers on your network could distribute the workload among themselves.
Friedenbach noted that initially he was not going to solve the problem of scaling the blockchain, but I was thinking specifically about the development of the algorithm for consensus-PoW, or rather about creating a new version with a “soft-fork”. It should be noted that the method developer is suitable rather than to further changes of the networks and includes the creation of new.
Recall that the scalability problem of bitcoin is one of the main topics for discussion in cryptocurrency. In the beginning of the year Ethereum Foundation announced the launch of programs of financing of projects aimed at solving the problem. And in July, a group of bitcoin developers spoke about the beginning of the Optech group Bitcoin designed to solve the same issue.