What Value does the ThunderCore Scalable Blockchain Have? — Market Mad House
ThunderCore is asking what value could a scalable blockchain have? Scalable means that you can expand a blockchain fast.
Ideally, a scalable blockchain will handle hundreds or thousands of transactions per second (TPS). Unfortunately, today’s blockchains are not scalable because of all the encryption and security measures they have.
Can ThunderCore Solve the Blockchain Scalability problem?
Under these circumstances, the world’s largest payment processor Visa (NYSE: V) can handle 150 million transactions a day.
However, an Ethereum based gaming platform like Abyss (ABYSS) could crash if it tries to accept over 15 payments. Thus, Abyss could not accept enough payments to make money from its’ games with current blockchain technology.
This is the great blockchain scalability problem that you may have heard of. ThunderCore is one of several platforms trying to solve the problem by building a scalable blockchain.
Interestingly, ThunderCore claims its MainNet offers high TPS, and it is now live and ready to build on. In particular, claims its blockchain can process over 1,200 transactions per second.
However, ThunderCore’s Timeline states it will not start processing 1,000 TPS until 4 thQuarter 2019. Moreover, the full ThunderCore may not launch a Full Node until 1 stQuarter 2020. Plus multiple ThunderCore blockchains will not be available until 2 ndQuarter 2021.
Is ThunderCore Ethereum Compatible?
If these claims are true, ThunderCore’s capability to process transactions and scalability could rival Visa’s. Importantly, ThunderCore boasts its blockchain is Ethereum Virtual Machine (EVM) compatible.
The Ethereum Virtual Machine is Ethereum’s decentralized ecosystem for building digital applications such as smart contracts. Therefore, if ThunderCore’s claims are true, you could build Ethereum smart contracts or payment…