Earlier today, the BSV Association's R&D team released groundbreaking features for Teranode that are expected to boost the network's efficiency and speed significantly, in the not too distant future allowing the network to process 1 million transactions per second.
The Teranode initiative is aimed at solving the challenge of vertical scaling on the BSV network by serving high-volume transaction nodes for enterprise and government users, regardless of whether they are contracting with Teranode or running their own nodes.
BSV Association, protocol custodian and defender of the BSV protocol, has unveiled a new service-oriented approach to the network's work, which will include 'modularized' functions like transaction and block validation, as well as the assembly of blocks into services that run only when needed. 
It is planned that Teranode will begin extensive and sustained testing on a Proof of Concept implementation in the coming months, followed by the release of the full node later this year. As a significant upgrade to Bitcoin node software, this is a complete rewrite of the BSV Blockchain architecture, designed to be scalable horizontally and to provide new microservices for developers, applications, and end users. It is a significant update to the Bitcoin node software.
There is no doubt that the Teranode upgrade is critical to BSV Blockchain's unconfined scaling potential and that it will result in faster, more secure and cheaper transactions for all users.
A contrast to the artificially limited networks on the market, BSV will be able to scale to any size needed while maintaining speed and the lowest possible network fees. Despite the media and social hype claiming these alternative chains are the "money of the future," these networks cannot be used as money since they can only process a limited number of transactions per second. Due to this artificial limitation, there is a high fee charge and lengthy wait time.
A network that can handle big data securely and at speed is essential to the digital economy. In addition to serving as a global digital payment network through Teranode, BSV Blockchain is also capable of handling any data requirements, ranging from Internet of Things (IoT) applications to enterprise and government contracts.
Since its inception in 2009, the Bitcoin protocol has been proving its reliability for more than 15 years, and Teranode gives Bitcoin the ability to compete with the world's major payment networks, the internet, and a rapidly expanding digital economy.
BSV Blockchain - What you need to know 
There should be one blockchain for everyone. 
A Swiss-based non-profit organization that supports the use of the BSV blockchain is the BSV Blockchain. BSV Blockchain leads BSV for Enterprises and Governments initiatives. As part of the organisation's mission, technical standards are developed and enterprises, government agencies, start-up ventures, developers, and users are educated on how to build a global blockchain ecosystem. The original Bitcoin protocol and its scripting language provide powerful technical capabilities that BSV has restored.
BSV Blockchain is the source of this information
Ayre Ventures has led a follow-on round of funding for Rad (https://rad.live), the innovative video streaming platform for Web 3, which has secured significant funding in a follow-on round.
It is with great pleasure that we announce today that BSV Blockchain has launched its annual Blockchain Barometer in partnership with the renowned research house, YouGov.

Source prnewswire