When data services meet economic issues under the big block
This week, we officially announced a new blockchain exporer and data service for BitcoinSV that has been developed for more than two weeks.
We released the wallet and decentralized transaction information website three weeks ago.
But it was immediately reported that the wallet synchronization was too slow!!! Contracts are prone to errors!!!
Yes! Too slow.
Ultimately, it’s because the block of BSV is too large, and the use of the free Electrum service is already unbearable. We had to develop our own data services.
By the way, we made a blockchain explorer. Urchain.com
Data services were not in our plan, but we had no choice for the user experience.
Urchain.com directly uses the P2P protocol to build it manually. It did not use the BSV node software made by nChain and didn’t analyze their data files or monitor their message queue. It directly follows the bitcoin protocol, monitors the whole network’s bitcoin messages, and then filters and integrates them. Therefore, double spending, fork and Non-Final transactions can be monitored. These are functions that other data service providers and blockchain browsers do not have.
You will see the following protocol distribution map when open the Urchain.com website. This picture is the type of transaction from the start of the page but not the historical data. The brown part is pure transfer transactions.
It can be seen that half of the transactions come from the RUN protocol, mainly from the Cryptofights game. In addition, there are many meta protocols, D protocol, B protocol, and dark blue OP_RETURN data that are not marked.
Currently, we do not save the data of RUN, meta, D, B, and other protocols.
Which means your photos, social messages, and files stored on the BSV blockchain cannot be found here.
Moreover, it can be predicted that if the price of BSV does not rise, the deletion of these contents will use algorithms similar to filtering spam in the future.
Why not save it? Smart you, can you help us count?
Based on the following information, how much does it cost per month to store the contents of these blocks?
- An average of 100M per block
- 90% of each block’s contents are photos, and others
- One block in 10 minutes
- The standard price of AWS S3 is $0.023 per GB/month
- 0.005 USD per 1,000 data requests
- $0.09 per GB of data transfer
The characteristics of blockchain determined that all data are constantly growing, and there is no delete operation. It will grow to 1GB, 2GB or 1TB (1024GB) per block in the future.
We can solve all the various technical problems caused by big block. But:
There are serious and neglected economic problems in big blocks.
Bitcoin is a system that uses computer technology to solve economic problems. There are many economic concepts in the system. You have to think about it in economics. It also requires sufficient computer science knowledge to understand the system.
Can you answer the following questions?
What is the vision of Bitcoin?
Why do we need big block? How many normal transfer transactions can be stored in a 2G block?
Is the purpose of the big block to save pictures? Why store pictures and files? Why would we oppose it?
Who would save a hash on the blockchain but does not care that the data will be deleted?
Who saves it? Who will pay for saving? If the price of BSV is 10,000 US dollars , would you still save it?
Does Metanet conform to the Bitcoin White Paper?
Does the Internet include the blockchain, or is the Internet a subset of the Bitcoin Metanet?
You have your answer, and I have mine. You are welcome to leave a message!
