Why is Blockchain Storage Different?
The SNIA Ethernet Storage Forum (ESF), specifically ESF Vice Chair, Alex McDonald, spent Halloween explaining storage requirements for modern transactions in our webcast, “Transactional Models & Their Storage Requirements.” Starting with the fascinating history of the first transactional system in a bakery in 1951 (really!), to a discussion on Bitcoin, it was an insightful look at the changing role of storage amid modern transactions. If you missed it, you can watch it on-demand at your convenience. We received some great questions during the live event. Here are answers to them all:
Q. How many nodes are typical in the blockchain ledger?
A. As many as are required to ensure that a single node or small number of nodes can’t crack the hard problem that gives you the right to add your blockchain as the next. There are estimated to be more than 11,000 Bitcoin nodes right now (see https://bitnodes.earn.com/), but not all blockchain systems have as many nodes (or such a hard problem to crack!) Read More