NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

Teechan Can Be the Potential Solution for Bitcoin Scalability

Gautham
Gautham
4 years ago
2 mins read
Scaling Bitcoin Workshop. Increase Block Size to 2-4MB. Newsbtc Bitcoin news

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Bitcoin scalability debate has been going on for a while now. The developer community is divided between the hard fork and soft fork and both the approaches are being backed by some of the prominent names in the ecosystem. As the community struggles to reach a consensus, a new Bitcoin scalability solution in the form of Teechan has now entered the picture.

Teechan is a creation of developers from Imperial College London and Cornell University, led by professor Emin Gun Sirer. Teechan offers a method to scale the Bitcoin network with secure hardware. Going by the reports, the hardware will be able to increase the capabilities of the cryptocurrency network without requiring any modifications to the Bitcoin Core code.

Teechan is an off-chain scaling alternative which shares few similarities with the Lightning Network. It is a practical, high throughput, low latency off-chain transaction protocol that leverages upon trusted execution environments (TEE) like the ones offered by Intel in the form of Software Guard Extensions.

The developers claim that the new solution can efficiently work through the transaction malleability while maintaining throughput in the presence of network latency. The Teechan development team also guarantee the technology to be more efficient by allowing infinite channel reuse, a requirement of no more than two transaction entries on the blockchain per channel and a potential throughput of 2480 transactions per second per channel.

The security features like the ones on Intel’s Software Guard Extension have a secure program whose contents are encrypted when they are off-chip and can only be accessed on-chip when the program is running. The decryption code for the contents of the program is connected to a certain hash and any changes made to the accessible hash will render the decryption keys inaccessible. It also allows for remote attestation where the computer running the secure code can declare that a particular has is being used to run the code.

The very remote attestation mechanism of Software Guard Extension comes in handy while handling transactions on Teechan. The hardware’s hash can be used as a verifying mechanism for both parties to a bitcoin transaction and as long as the hashes are registered on the blockchain, they can continue making transactions between each other without any further involvement of Bitcoin network.

While the Teechan concept looks promising at the moment, chances of it being implemented any time soon are remote. Currently, only Intel’s Skylake range of processors is equipped with Software Guard Extension, which makes it impractical until such solution becomes an industry standard. Also, there is still a need for consensus among the Bitcoin community for Teechan to be implemented, which may not happen anytime soon.

Ref: Hacking Distributed | Image: NewsBTC
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Total Illiquid Bitcoin Has Reached 72% Of Supply, What Does This Mean For Price?

The total illiquid Bitcoin has reached a new high, providing a bullish outlook for the flagship crypto. This refers to...

Scott Matherson 5 hours ago
Bitcoin

Bitcoin Is ‘Digital Capital’ That Outpaces Traditional Assets—Michael Saylor

Strategy’s long-running bet on Bitcoin remains at the heart of the debate over the asset’s place in finance. Based on...

Christian Encila 7 hours ago
XRP

Pundit Predicts XRP Price Crash Below $3, Here’s Why

Crypto pundit and legal expert Bill Morgan has humorously predicted that the XRP price will drop below $3. He ironically...

Scott Matherson 9 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Shiba Inu

Shiba Inu Joins The Ranks Of Dogecoin, XRP On Coinbase ETF Watchlist – The Next Big Thing?

Scott Matherson 1 hour ago
Litecoin

Litecoin Price Compresses In Tight Falling Wedge, Breakout Ahead?

Godspower Owie 2 hours ago
Bitcoin

Bitcoin Network Activity Hits New 2025 Peak — What This Means For Price

Opeyemi Sule 3 hours ago

Premium Sponsors

Press Releases

  • パイネットワーク...

    11 hours ago
  • Cele mai bune altcoin-uri de cumpărat, pe măsură ce prețul Solanei se apropie de maximul istoric

    Cele mai bune altcoin-uri de cumpărat, pe măsură ce...

    12 hours ago
  • Cele mai bune meme coin-uri de cumpărat acum, pe măsură ce capitalizarea pieței se apropie de 1,9 trilioane RON

    Cele mai bune meme coin-uri de cumpărat acum, pe măsură...

    12 hours ago
  • Cele mai bune meme coin-uri de cumpărat acum, pe măsură ce capitalizarea pieței se apropie de 1,9 trilioane RON

    Nejlepší meme coiny k nákupu nyní, když se tržní...

    12 hours ago
  • Cele mai bune altcoin-uri de cumpărat, pe măsură ce prețul Solanei se apropie de maximul istoric

    Nejlepší altcoiny k nákupu, když se cena Solany...

    12 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.