Bitcoin Developers Propose Stronger, Faster Blockchain Network Via ‘Erlay’

2019-5-30 09:36

By CCN: Bitcoin core dev Gregory Maxwell left Blockstream last January to focus on “deep protocol work,” and now he and a few other developers have surfaced with something called “Erlay. ” So That’s What Greg Maxwell Has Been up To Erlay was announced over the last 24 hours in a post to the Bitcoin Core development mailing list by University of British Columbia’s Gleb Naumenko.

Naumenko described it in the following terms: “The main idea is that instead of announcing every transaction to every peer, announcements are only sent directly over a small number of connections (only 8 outgoing ones).

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Bitcoin [BTC] developer releases Erlay; Relay protocol expected to half node’s bandwidth consumption

Gleb Naumenko, a Bitcoin Developer, recently announced the release of Erlay, an efficient transaction relay protocol for Bitcoin, and made it available to the public for general use. Naumenko’s announcement stated that the objective behind the relay protocol was to make transaction announcements more convenient by sending them directly to over a “small number of […] The post Bitcoin [BTC] developer releases Erlay; Relay protocol expected to half node’s bandwidth consumption appeared first on AMBCrypto.

2019-5-28 21:00