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Teranode: A scalable Bitcoin node software
Software architect, Kapil Jain introduces the work being done in building the Teranode software that will allow Bitcoin to scale horizontally. It starts with explaining the software’s requirements to serve as one of the world’s most efficient transaction processing software.
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Why a Merkle tree is used to scale Bitcoin
Merkle trees and SPV let you verify that a given transaction has been processed and included in a block. SPV is critical because you cannot scale the blockchain without it. More importantly, SPV is the peer aspect of Bitcoin.
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How SPV helps to scale Bitcoin
Simplified Payment Verification (SPV) is very simple. And yet, many have struggled to comprehend how the process works and how critical it is for achieving efficiency.