bloXroute Labs – University’s How To Scale Bitcoin Transactions?
BloXroute is an upcoming crypto venture that is working towards improving the scalability of blockchains, so as to allow for the processing of thousands of on-chain transactions per second. While a majority of the company’s work is still not available for the public to see, bloXroute has promised to deliver a wide array of services that have the potential to redefine the way people do business on the blockchain.
What's To Come In The Future For bloXroute Labs?
Currently, bloX route Labs is working in conjunction with Cypherium (another crypto startup) to help reduce issues of “scalability” that currently exist within the blockchain. In a recent talk delivered by company representatives at Consensus: Invest 2017 in New York City, they said that bloXroute will be working with the Cypherium Blockchain to power its products and technology.
Other Recent Developments
While it is not clear as to when bloXroute will be releasing its native platform, there have been rumours floating around which claim that products using bloXroute will have the capacity to process thousands of transactions per second, thereby making it easier for crypto services to break into the mainstream (and become accepted mediums for payments). Basically, utilization of bloXroute technology will help many products achieve unparalleled “real-world scalability”.
Who Is Behind The bloXroute Labs Project?
One of the most appealing aspects of bloXroute is the fact that several professors from esteemed institutions such as Cornell and Northwestern University have come together to create this project. One of the company’s Chief Scientists is Emin Gün Sirer, who has been involved in the field of crypto from the very start. In a recently held interview with Emin, he said the following “We are very excited to reveal bloXroute, a scalable substrate that is designed to bring on-chain scalability to all blockchains. We look forward to using bloXroute to push their scalability boundary to tens of thousands transactions per second.”
Why Partner With BloXroute?
The main aim of bloXroute is to promote the success of blockchain in the real world. Through the delivery of novel ‘real-world’ payment systems, this company aims to give more traction to blockchains and cryptocurrencies. In more technical terms, bloXroute aims to deliver the market with the world's first “trustless and provably neutral” Block Distribution Network (BDN). This BDN can be applied to any blockchain and can help in alleviating issues related to scalability.