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Homepage > News > Tech > How Teranode will leave the competition in the dust As we approach 2025, the blockchain space stands on the verge of a major technological revolution. For years, BSV’s Teranode has been on-again-off-again in-development limbo, but after a total reorganization of the team, it is now in Beta testing at GorillaPool and Taal as of September 2024. With a target of processing 1 million transactions per second (TPS) without reliance on Layer 2 solutions, rollups, oracles, or any of the complex patchwork that other blockchains require, Teranode is poised to push BSV up to the top of the heap as the first truly scalable, public, general-purpose blockchain. And if that seems like a lot of qualifiers, it is, but “scalable,” “public,” and “general-purpose” might be the real blockchain trilemma that never got solved until now! It should also be noted that BSV’s current implementation is capable of around 10,000 TPS today without any compromises that plague other blockchains, but that isn’t for today’s conversation. In stark contrast, many of today’s so-called scalable blockchains—like Solana, Ethereum 2.0, and Avalanche—are bogged down by limitations that prevent them from ever reaching true mass adoption. As we look ahead, it becomes clear that these networks, even in 2025, will be stuck at least five years behind BSV in terms of scalability. More concerning for them is the fact that their architectures rely heavily on (often vaporware) Layer 2, workarounds, and compromises that create inefficiencies and centralization (security) risks. Let’s break down how Teranode outpaces the competition and highlight the shortcomings of these “next-gen” blockchains claiming to lead to scalability. Solana: The overhyped speedster Solana has long marketed itself as a high-performance blockchain with theoretical speeds of up to 65,000 TPS. However, in real-world conditions, Solana typically processes between 2,000…

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Filed under: News - @ October 22, 2024 1:21 pm