Terab Project Hoping To Help Scale Bitcoin Cash BCH To 1TB Blocks
Among cryptocurrency developers, there’s nothing as insurmountable as the topic of forcing crypto coins to scale. First, it is impossible with Bitcoin since such a move can quickly cripple the network. But there’s an initiative called Project Terab whose objective is to ensure Bitcoin Cash heads in a different direction.
The network right now can only hold blocks of up to 8MB in size. But this open source initiative hopes to increase it beyond it because even a terabyte in the future is considered a real possibility. It won’t be a small feat, and every developer admits it, noting that the amount of bandwidth to ensure successful completion won’t be underestimated either.
The future matters a lot in the world of cryptocurrency development, and as its developers argue, the best way to conquer the future is to prepare for it rather than hurriedly patch up later adequately. And it seems nobody knows this better than Bitcoin network that has had to learn it the hard way.
After ignoring the need to scale solutions, the network has finally decided to offer the services its users have for a while yearned for. It seems Bitcoin Cash has no scaling issues at the moment, and several initiatives are set to increase its BCH size in the future.
Project Terab To Set Its Targets For Terabyte Blocks
Terab Project is an open source initiative that has set its eyes on the technical aspects of Bitcoin Cash. The aim of introducing BCH blocks of as much as a terabyte for the future is to revolutionize the industry.
A terabyte is astonishingly high and indeed an exciting prospect, but according to industry pundits, it is very achievable, though after lots of challenges. When the project becomes a success, Bitcoin Cash will be able to perform as much as a whopping 7 million transactions each second.
However, this is a long-term and tiring project whose feasibility depends on a plethora of factors. There’s nothing that can prevent a blockchain from scaling to significant levels, though critical issues emanate from achieving it. First, very few individuals own the infrastructure and have the bandwidth needed to process the large transactions on a regular basis.
Amazingly, it seems improbable that such block sizes will be realistic for an ordinary Bitcoin blockchain. It is likely that introducing SegWit makes on-chain scaling a lot more complicated given the sheer block size it brings about.
Will Terab To Help Scale Bitcoin Cash Be A Success?
Well, it is too early to judge this open source initiative, but we can’t ignore how much of the challenges and opportunities it will bring. It will apparently take a few years until the block size is introduced to the network, too. Today’s 8MB is not used by many service providers and mining pools because it is disappointingly small.
If they could first develop 1GB or 10GB blocks, maybe the terabyte that seems a lot far-fetched would be possible to achieve. But all in all, these developments are worth looking forward to and indeed show how cryptocurrency can be stronger.