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Intel chips in with blockchain code for Hyperledger

Anonymous Coward
Anonymous Coward

The problems it is trying to solve is "how do we sell more [cloud] storage and more bandwidth", both of which will be needed if blockchain technology is used for a lot of stuff. Even with its fairly pathetic transaction rate Bitcoin is already running up against the limits of its 1MB block size and the total blockchain size is over 70 GB.

Now imagine if something with a transaction rate thousands of times as fast, like stock purchases, or even faster like ACH clearance used a blockchain? You'd quickly need a room full of hard drives to store the damn thing, and ridiculous bandwidth to squirt it around.

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