The BSV Association has announced that the open-source ARC service is now available for public beta testing. ARC, a revolutionary transaction processor for the BSV Blockchain, operates on a microservices architecture and aims to replace mAPI, offering a flexible and scalable solution tailored to specific use cases.
In the past, builders would send transactions to a miner’s mAPI endpoints, which would then broadcast them to the BSV network. However, if the mining node was busy, there could be a degradation in service responsiveness. ARC changes this process by enabling direct peer-to-peer transactions, eliminating the dependency on a single node and improving its robustness. With ARC, each instance is capable of independently validating and propagating transactions, allowing operators to spin up more instances based on transaction volume and enhancing scalability.
Thomas Giacomo, Director at the BSV Association, praised ARC as the new generation of transaction processor, stating that it will allow the BSV Blockchain to deliver on its commitment of processing 1 million transactions per second. Giacomo congratulated the ARC team for their work on the project and expressed the goal of having application builders shift from mAPI to ARC endpoints by the end of the year, with mAPI ideally phased out by the start of next year.
ARC’s microservices make it significantly more scalable than mAPI. The BSV Association is actively adapting ARC to upcoming infrastructure changes of the BSV Blockchain, including LiteClient, overlay node, and Teranode, to ensure seamless integration.
To learn more about the ARC project and access the associated documentation, interested parties can visit the ARC website.
The BSV Association, a Switzerland-based global non-profit industry organization, leads the BSV Blockchain for Enterprise and Blockchain for Government initiatives. The association supports the use of the BSV blockchain and oversees the creation of technical standards. It also provides education for enterprises, government agencies, start-up ventures, developers, and users, promoting the development of a global blockchain ecosystem. BSV has restored the powerful technical capabilities of the original Bitcoin protocol and its scripting language.
The public beta launch of the ARC service marks an exciting development in the world of blockchain technology and offers promising opportunities for businesses and developers. With its focus on scalability and direct peer-to-peer transactions, ARC has the potential to revolutionize transaction processing on the BSV Blockchain.
More detail via Benzinga here… ( Image via Benzinga )