Simplifies the writing and reading of on-chain transactions for both applications and miners
As we move into a blockchain-based data economy, it becomes increasingly important that businesses and everyday users have easy ways to read and write data on the chain. In this technical discussion at the London Blockchain Conference 2023, financial journalist Victoria Scholar spoke with Kurt Wuckert Jr., Thomas Giacomo and Pieter Den Dooven about how businesses and developers can do it.
How can people read and write blockchain transactions as easily as possible?
Giacomo starts the session and replies that services like those offered by TAAL can help. Understanding the BSV blockchain and how it works is also extremely important and knowledge of this can be obtained at BitcoinSV.com. Using tools such as block explorers can also help track and read transactions.
Den Dooven agrees with the idea of using service providers to avoid unnecessary complexity. There is no reason to reinvent the wheel as a builder, he says. Wuckert looks for this, saying that just as real-world builders don’t need to reinvent plumbing systems to put up a building, app builders don’t need to do deep blockchain infrastructure work either.
Which tools for reading and writing data have developed well in the BSV ecosystem?
Wuckert says Bitcoin is essentially a distributed database, and tools to index it are very useful. GorillaPool offers such tools, and it indexes data and makes it available to clients through tools like JungleBus.
Den Dooven points out that the beauty of tools provided by service providers is that you can move if you don’t like them. Ultimately, they all share and have access to the same data set, so moving won’t cause any problems for a business.
What are the missing pieces after all this time?
Scholar notes that the blockchain industry has come a long way since Bitcoin was released, but she wants to know the missing pieces.
Den Dooven expresses that the node software needs work. He says that what we have now is inherited and limits what can be done – and he would like to see improvements in this area.
Wuckert would like to see more competitors and brainpower in the space. As a champion of the free market, he believes that competition spurs innovation, and there are opportunities to come in and make money because someone is doing something in a way that can be improved.
Giacomo says technical and non-technical education is essential, and he would like to see more. This includes training on how the blockchain works/how to develop applications on it and training businesses on how the blockchain and the apps that use it can help them.
How will the industry grow, and where will it be in 5-10 years?
Scholar asks each of the panelists their views on what the blockchain industry might look like in five or ten years.
Giacomo says the focus must remain on building great things and reaching out to people outside the industry to explain how these tools can help them. This will by default increase the ecosystem and the industry as a whole.
Den Dooven says that making user interfaces as simple as possible is one of the keys to growth. There are many new features that mintBlue wants to build out, and it is keeping all options and methods open to do so.
How does Wuckert see GorillaPool, and where does he see it in the coming years? He says it is a mining company now in that it operates a node, pool infrastructure and mining rigs, but in the future he sees it as more akin to an ISP as we move into the data economy.
The key takeaway from this panel is that there is an ever-increasing number of tools to simplify reading and writing data to the blockchain. Entrepreneurs and businesses thinking about using the blockchain do not need to reinvent such tools, but should focus on using them as a service so that they can focus on delivering services to customers.
Watch London Blockchain Conference 2023: Day 1 Sights and Sounds
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