440,000 Transactions per Second With ‘Red Belly’ Blockchain


Jan 11, 2017
The University of Sydney has recently announced that it has developed a new Blockchain-based system that can perform more than 440,000 transactions per second.

Researchers from the School of Information Technologies at the University of Sydney, who developed the new Blockchain, named this system after one of Australia's most deadly snakes – ‘Red Belly’ Blockchain, and claim that it has a game-changing potential for the financial transfers industry.

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