Aerospike enables support for mainstream global blockchain
use cases and accelerated mining, with three million NoSQL
transactions per second and unbounded scale.
MOUNTAIN VIEW, Calif.,
July 30, 2024 /PRNewswire/
-- Aerospike, Inc. ("Aerospike") today announced
that the BSV Blockchain trials of Aerospike, which underpins
its groundbreaking Teranode blockchain transaction platform, has
achieved sustained throughput of over three million transactions
per second (TPS), enabling Teranode to support over 1 million
global BSV Blockchain transactions per second (100 billion a day).
These results far outstrip the performance of traditional core
banking infrastructure and payment systems. BitCoin (BTC), the
first and most common implementation of Bitcoin, supports just
seven transactions a second (605,000 a day).
The BSV Blockchain is an implementation of the famous Bitcoin
whitepaper written by Satoshi
Nakamoto. BSV Blockchain is designed to overcome the
limitations of earlier implementations, such as Bitcoin and Bitcoin
Cash, around scalability, transaction speed, and realizing a truly
distributed network. This is achieved, in part, by having an
unlimited block size, but a larger block requires a new
infrastructure approach to achieve high performance and a low cost
per transaction.
Aerospike meets these challenges and enables Teranode and BSV
Blockchain to support unlimited scale of digital asset transactions
across a host of new categories. These include protecting
intellectual property rights, enabling direct financial
transactions between two parties with no intermediary, and Web3,
which, when implemented, will allow millions of micro transactions
to take place daily, supporting new granular payment models, such
as pay as you use data.
Aerospike Enables 100 Billion Bitcoin Transactions a
Day
The BSV Association, which works to advance business on the BSV
blockchain, explored multiple DBMS architectures to underpin
Teranode. Traditional RDBMS solutions and other NoSQL technologies
were cost prohibitive, however, requiring a disproportionately high
investment in expensive RAM and other resources across the global
network that push up costs and impact scalability. Conversely,
Aerospike's NoSQL architecture makes Teranode exceptionally
efficient, maintains performance as Teranode scales, enables a cost
per transaction that undercuts traditional payment providers, and
is financially sustainable to support micro transactions.
Siggi Óskarsson, Teranode Director at BSV Association, said:
"Aerospike has enabled us to achieve our goal of creating a
platform that supports boundless transactions far beyond the
financial, with unmatched performance. The Aerospike database
enables low and sustainable implementation costs and will scale
with ease as the BSV Blockchain adds support for large-scale
enterprise and governmental blockchain applications."
Faster and more reliable mining
Aerospike's performance and strong consistency gains also enable
those mining for new coins. In cryptomining, cost, speed and scale
are all equally vital to the individual miner. Solutions prior to
Teranode could incur substantial latency on each interaction with
the Blockchain, but the efficiency and distributed nature of
Aerospike means that Teranode users experience <10ms latency and
a much higher throughput on their existing infrastructure.
Aerospike's native consistency features also dramatically reduce
the risks of inconsistencies, which would take a miner offline and
result in loss of revenue when, all the while, they are paying for
expensive infrastructure.
Behrad Babaee, Principal
Solutions Architect at Aerospike, said: "The potential for
unboundedly scalable core systems could revolutionize financial
infrastructure modernization. This implementation of Aerospike
clearly demonstrates its ability to outperform traditional RDBMS
banking systems, which are often unscalable and inefficient on
every metric. Aerospike, as part of Teranode, is
transformative for the BSV Association, enabling it to easily
scale, with no need for the complexity and risks associated with
dedicated solutions to manage scaling."
Learn more about Aerospike Database and take advantage of a
free 60-day trial.
About Aerospike
Aerospike is the real-time database built for infinite
scale, speed, and savings. Our customers are ready for what's next
with the lowest latency and the highest throughput data platform.
Cloud and AI-forward, we empower leading organizations like Adobe,
Airtel, Criteo, DBS Bank, Experian, PayPal, Snap, and Sony
Interactive Entertainment. Headquartered in Mountain View, California, our offices include
London, Bangalore, and Tel
Aviv. aerospike.com
Aerospike is a registered trademark of Aerospike, Inc.
One Blockchain for Everyone.
The BSV Association leads the BSV blockchain for Enterprise and
Blockchain for Government initiatives. This Switzerland-based global non-profit industry
organisation supports the use of the BSV blockchain. The BSV
Association oversees the creation of technical standards and
educates enterprises, government agencies, start-up ventures,
developers, and users on creating a global blockchain ecosystem.
The original Bitcoin protocol and its scripting language provide
powerful technical capabilities that BSV has restored.
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