Podcast: Play in new window | Download
Visa processes 1,600 transactions per second. PayPal processes 193 transactions per second. Bitcoin processes only 3-4 transactions per second. In order to fulfill the dreams of financial programming–in order to get decentralized, peer-to-peer micropayments–Bitcoin needs a much higher transaction throughput. Bitcoin’s scalability issues have led to debates within the community and changes in the software.
In this episode, Jordan Clifford gives an overview of some of the scaling limitations of Bitcoin, and discusses SegWit, a change to the Bitcoin protocol that improves scalability. Jordan was previously on the show to discuss the basics of Ethereum and Bitcoin. This episode covers some advanced topics of Bitcoin, and if you are out of your comfort zone, don’t worry–you aren’t alone.
Stay tuned at the end of the episode for Jeff Meyerson’s tip about assessing cultural fit at a company: brought to you by Indeed Prime.
We have covered the basics of cryptocurrencies in detail, and we have also tackled more complex aspects of them in past episodes. Download the Software Engineering Daily app for iOS and Android to hear all of our old episodes. They are easily organized by category, and as you listen, the SE Daily app gets smarter, and recommends you content based on the episodes you are hearing. If you don’t like this episode, you can easily find something more interesting by using the recommendation system.
The mobile apps are open sourced at github.com/softwareengineeringdaily. If you are looking for an open source project to hack on, we would love to get your help! We are building a new way to consume software engineering content. We have the Android app, the iOS app, a recommendation system, and a web frontend–and more projects are coming soon. If you have ideas for how software engineering media content should be consumed, or if you are interested in contributing code, check out github.com/softwareengineeringdaily, or join our Slack channel (there’s a link on our website)–or send me an email: firstname.lastname@example.org
Transcript provided by We Edit Podcasts. Software Engineering Daily listeners can go to weeditpodcasts.com/sed to get 20% off the first two months of audio editing and transcription services. Thanks to We Edit Podcasts for partnering with SE Daily. Please click here to view this show’s transcript.
Pingback: Bitcoin Segwit with Jordan Clifford | Blockchain Wiki()
Pingback: Bitcoin News Digest Tuesday, October 10, 2017 - zentrade.online()