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Bob Greifeld, Nasdaq’s chief executive, said: “Utilising the blockchain is a natural digital evolution for managing physical securities. Once you cut
by k2enemy 11y ago
Bob Greifeld, Nasdaq’s chief executive, said: “Utilising the
blockchain is a natural digital evolution for managing
physical securities. Once you cut the apron strings of need
for the physical, the opportunities we can envision
blockchain providing stand to benefit not only our clients,
but the broader global capital markets.”
What?
- this_user 11y ago"144 MB per day ought to be enough for anybody." -- NASDAQ The problem with trying to store data that does not represent actual BTC transactions in the Blockchain is that it simply does not offer a lot of storage space. Currently one 1 MB block is added on average every 10 minutes. That's 144 MB a day that the chain can store. The miners operating the network receive a reward of 25 BTC per block plus transaction fees. At a price of 235 USD/BTC that is at least ~5900 USD per MB stored which makes storing anything in the BC extremely expensive. Unless the BTC developers make a decision to implement changes in order to improve the scalability of the network, I really don't see why you would even try to use the BC for something like this. When you start to actually store meaningful amounts data in the BC, you are going to jam the network since there is no elastic supply of storage space. Secondly, the increased demand for inclusion of transactions is going to drive the transaction fees higher. In the end, you will have a high costs for a solution that does not even remotely offer the kind of performance you need.