TAAL Upgrades Data Size to Support Growing Demand for Processing Larger Transactions
News provided by PRCrypto
TAAL Distributed Information Technologies Inc. (CSE:TAAL | FWB:9SQ | OTC:SQRMF) ("TAAL" or the "Company"), a vertically integrated, blockchain infrastructure and service provider, enabling customized solutions to enterprise clients, today announces data size upgrade to 10MB.
In early June, the Bitcoin SV (BSV) blockchain processed two of its largest data transactions ever, at 5.8MB and 9.74MB, respectively. TAAL anticipated continued demand growth and market engagement for large data transactions ("txns"). To meet this demand, TAAL increased blockchain support by increasing the data size of txns that TAAL clients can send instantly via M/API. Single txns can now scale with business and enterprise adoption and demand, supporting TAAL's 5-year strategic vision.
On May 12th, 2020, TAAL processed and confirmed a 309MB block containing 1.1 million transactions and then on May 16th, 2020, a 369MB block containing 1.3 million transactions, both on the Bitcoin SV network. Processing and confirming these blocks established the capability of TAAL's infrastructure and the BSV blockchain in processing large numbers of transactions in single blocks; in fact, these blocks represented the equivalent of approximately 2,150 transactions per second.
TAAL's upgrade to 10MB for individual transactions promotes new blockchain-based data processing, storage, and retrieval solutions to be developed on BSV. TAAL is investing in infrastructure on the BSV blockchain as it is the only public blockchain platform that scales to allow enterprise application development.
Jerry D. Chan, CEO of TAAL, stated, "We're seeing a growing demand from businesses looking to process large transactions, and we've taken steps to meet that demand by increasing our ability to handle higher volumes of data. Previously, transaction scale was limited by the amount of data that single transactions could hold. Now, TAAL can compete and outperform networks while maintaining cost-effective economies of scale for our clients."
Upgrading txn sizes demonstrates another step toward TAAL's primary focus of producing comprehensive, value-added blockchain services. Companies and entire industries creating transactions know that TAAL can process various txn sizes at fee levels that support and enhance their business operations. Not only can high volumes of data, in the form of transactions, be processed and guaranteed through SLA's (service level agreements), they can now scale with fewer limitations and restrictions.
About TAAL Distributed Information Technologies Inc.
TAAL delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the Bitcoin SV platform, and developing, operating, and managing distributed computing systems for enterprise user
In early June, the Bitcoin SV (BSV) blockchain processed two of its largest data transactions ever, at 5.8MB and 9.74MB, respectively. TAAL anticipated continued demand growth and market engagement for large data transactions ("txns"). To meet this demand, TAAL increased blockchain support by increasing the data size of txns that TAAL clients can send instantly via M/API. Single txns can now scale with business and enterprise adoption and demand, supporting TAAL's 5-year strategic vision.
On May 12th, 2020, TAAL processed and confirmed a 309MB block containing 1.1 million transactions and then on May 16th, 2020, a 369MB block containing 1.3 million transactions, both on the Bitcoin SV network. Processing and confirming these blocks established the capability of TAAL's infrastructure and the BSV blockchain in processing large numbers of transactions in single blocks; in fact, these blocks represented the equivalent of approximately 2,150 transactions per second.
TAAL's upgrade to 10MB for individual transactions promotes new blockchain-based data processing, storage, and retrieval solutions to be developed on BSV. TAAL is investing in infrastructure on the BSV blockchain as it is the only public blockchain platform that scales to allow enterprise application development.
Jerry D. Chan, CEO of TAAL, stated, "We're seeing a growing demand from businesses looking to process large transactions, and we've taken steps to meet that demand by increasing our ability to handle higher volumes of data. Previously, transaction scale was limited by the amount of data that single transactions could hold. Now, TAAL can compete and outperform networks while maintaining cost-effective economies of scale for our clients."
Upgrading txn sizes demonstrates another step toward TAAL's primary focus of producing comprehensive, value-added blockchain services. Companies and entire industries creating transactions know that TAAL can process various txn sizes at fee levels that support and enhance their business operations. Not only can high volumes of data, in the form of transactions, be processed and guaranteed through SLA's (service level agreements), they can now scale with fewer limitations and restrictions.
About TAAL Distributed Information Technologies Inc.
TAAL delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the Bitcoin SV platform, and developing, operating, and managing distributed computing systems for enterprise user