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Welcome to the WebDollar Era, where fast is too slow

Welcome to the WebDollar Era, where fast is too slow

After launching the hybrid consensus, the most exciting milestone in the development process since the launch of the Blockchain in April 2018, the WebDollar development team refuses to take a break, nevertheless, they are working uninterruptedly to enhance the user experience with new functionalities.

The next release will significantly improve the miner initiation process, more precisely the download and synchronization with the blockchain will become almost instant. To emphasize the importance of this implementation, let’s compare the size of the blockchain and the time needed to synchronize miners on the two most significant blockchains. At the time of writing this article, Bitcoin’s blockchain is about 219 GB and Ethereum’s just surpassed 1TB, making the initiation of miners incredibly slow. Some users reported that the synchronization takes from a few days to over one week, depending on the performance of their machines.

At the moment, WebDollar’s blockchain is around 550 MB, far from being an issue yet, however, users reported a sync time varying from a few hours to a day or two. If you are a browser user then you don’t have to worry, but with the increasing network day after day, this could become a potential future limitation for terminal users, node holders or pool owners. This is where WebDollar defies the limitations of current technologies and comes up with a solution that will reduce the timing of the synchronization to the blockchain to almost zero.

The fast loading update will allow users to virtualize the whole blockchain on the hard-disk, reducing the RAM consumption to 200MB (currently 6GB) and impressively launching a node in a matter of seconds. The update is currently being tested on our private test-net and the release is expected in less than two weeks.

Welcome to the WebDollar Era, where fast is too slow and cryptocurrency efficiency is thriving.

Published at Sun, 17 Feb 2019 21:08:59 +0000

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