With the ever-expanding landscape of digital connectivity and the proliferation of Internet-enabled devices, the necessity for IPv6 adoption in shaping the foundation of the new Internet becomes increasingly apparent.
IPv6, the successor to IPv4, offers an expansive address space capable of accommodating the burgeoning number of devices seeking connection to the Internet.
As the exhaustion of IPv4 addresses looms and the demand for IP addresses continues to soar, transitioning to IPv6 is imperative for ensuring continued growth, scalability, and innovation in the digital realm.
By leveraging the scalability and efficiency of Teranode, the transition to IPv6 can be expedited, ensuring a seamless migration process and addressing the pressing need for an increased number of unique addresses to support the growing interconnectedness of devices in the digital age.
Where we are now
IPv4, originating in 1981, represents the fourth version of the Internet Protocol, characterised by a 32-bit address space, accommodating approximately 4.3 billion unique addresses. Initially, this capacity was deemed sufficient for the burgeoning Internet landscape.
Nevertheless, the burgeoning popularity of the Internet and the surge in connected devices revealed the looming issue of IPv4’s finite address pool. Consequently, the Internet Engineering Task Force (IETF) devised IPv6 as a successor, introducing in 1998 a 128-bit address space capable of accommodating an essentially limitless number of unique addresses. IPv6 aimed to surmount the limitations of its predecessor and cater to the escalating demands of a connected world, notably in the realm of the Internet of Things.
Despite IPv6’s clear advantages over IPv4, its adoption has been sluggish, largely due to the substantial infrastructure adjustments necessitated by the new protocol. As of the start of 2024, IPv6 adoption remains modest, with IPv4 maintaining its dominance in Internet communication protocols.
Enter Teranode
Teranode solves vertical scaling challenges on the BSV blockchain by serving high-volume transaction nodes for enterprise and government use. Whether contracting with nodes or running their own, these clients drive the Teranode initiative.
Teranode was recently extended and sustained testing on a Proof of Concept implementation began at the end of February, with a full node release later in 2024. This is a significant upgrade for the BSV blockchain node software, and it is a ground-up rewrite of the BSV Blockchain architecture, designed to scale horizontally and provide new microservices for developers, applications, and users.
The Teranode upgrade is critical for the BSV blockchain’s unbounded scaling potential and will deliver faster, more secure and cheaper transactions for all.
Teranode a necessity for IPv6
With Teranode, the BSV blockchain will be able to scale to any size required, maintaining speed and the lowest possible network fees. This contrasts with the artificially limited networks in the market.
Despite 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 limited transactions per second. This artificial limitation creates high fees and long waits.
An Internet built on IPv6 requires a network that can process big data at speed and securely. With Teranode, BSV blockchain is simultaneously a global digital payments network that can handle any data requirements, from Internet of Things (IoT) applications and devices to enterprise or government contracts.
