Blockchain is a #revolutionary technology. It has the potential to make significant changes in many sectors of the #economy. However, before using this technology, it is worth evaluating its current problems.
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🔼The first problem blockchain technology may face is scalability. The problem is based on the inability of the system to cope with a large flow of transactions in a minimum time period, which causes discontent among the mass of customers. The decrease in #system throughput is associated with the presence of a programmed set value that defines the “#block size limit”.
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🔼The second problem is called “Attack of the majority” or 51%. The attack of the majority consists in the fact that an attacker gains more mining power than all other network members combined. Instead of #mining new blocks with all participants, they will mine their own branching blockchain. In the end, according to the rules of bitcoin, a more complex branch wins and each #node goes to the branch of attackers. All previously confirmed #transactions that are not in the secret branch will be canceled, and attackers sent using them can be used by the attackers for their own purposes.
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🔼The third problem that should be considered is possible errors in smart contracts, which can affect the operation of the entire network. #Smartcontracts contain information about the obligations of the parties and fines for their violation, while guaranteeing the fulfillment of all conditions of the contract.
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🔹In order to solve existing #problems, we propose several changes in the architecture of the blockchain, affecting communication #protocols, network infrastructure, inter-network agreements, consensus algorithms, and so on.
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🌐 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 platform does not depend on the communication #method, it is just a node, and how the message is delivered does not matter. At the moment, _HyperNet's own communications technology is being used; it works over or on top of the Internet.
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Relictum blockchain #platform uses a unique protocol based on the TCP/IP protocol, in which a virtual communication channel with each node is formed over the #Internet. The advantages of this network are its reliable stability and isolation from the general segment of the Internet. In this virtual channel, only Relictum Pro information is transmitted, which increases the data transfer speed several times.
🏮 Website: https://relictum.pro
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#Blockchain #relictcoin #tech #relictumpro #fintech #Crypto #blockchain5 #technology #techno
⠀
🔼The first problem blockchain technology may face is scalability. The problem is based on the inability of the system to cope with a large flow of transactions in a minimum time period, which causes discontent among the mass of customers. The decrease in #system throughput is associated with the presence of a programmed set value that defines the “#block size limit”.
⠀
🔼The second problem is called “Attack of the majority” or 51%. The attack of the majority consists in the fact that an attacker gains more mining power than all other network members combined. Instead of #mining new blocks with all participants, they will mine their own branching blockchain. In the end, according to the rules of bitcoin, a more complex branch wins and each #node goes to the branch of attackers. All previously confirmed #transactions that are not in the secret branch will be canceled, and attackers sent using them can be used by the attackers for their own purposes.
⠀
🔼The third problem that should be considered is possible errors in smart contracts, which can affect the operation of the entire network. #Smartcontracts contain information about the obligations of the parties and fines for their violation, while guaranteeing the fulfillment of all conditions of the contract.
⠀
🔹In order to solve existing #problems, we propose several changes in the architecture of the blockchain, affecting communication #protocols, network infrastructure, inter-network agreements, consensus algorithms, and so on.
⠀
🌐 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 platform does not depend on the communication #method, it is just a node, and how the message is delivered does not matter. At the moment, _HyperNet's own communications technology is being used; it works over or on top of the Internet.
⠀
Relictum blockchain #platform uses a unique protocol based on the TCP/IP protocol, in which a virtual communication channel with each node is formed over the #Internet. The advantages of this network are its reliable stability and isolation from the general segment of the Internet. In this virtual channel, only Relictum Pro information is transmitted, which increases the data transfer speed several times.
🏮 Website: https://relictum.pro
⠀
#Blockchain #relictcoin #tech #relictumpro #fintech #Crypto #blockchain5 #technology #techno
♻️ Blockchain is a #revolutionary technology. It has the potential to make significant changes in many sectors of the #economy. However, before using this technology, it is worth evaluating its current problems.
⠀
🌀 We offer a fundamentally different blockchain organization scheme — another principle of #networking and building blocks.
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🌟 Thanks to the possibility of smart contracts, an n-dimensional (4-dimensional) chain arise; when new type-properties of smart contracts appear, for example, in case of automatic conclusion of a #transaction between several participants, when the chain is automatically closed, and a transaction is concluded between all participants (up to 10 transactions).
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Also, the following properties arise: Four-dimensional model of smart contracts:
▪️ The possibility of the intersection of #smartcontracts and, thus, descriptions of the full type-properties of the product (the possibility of combining smart contracts into one, forming a "LINE of description").
▪️ A blockchain remembers everything – this is an opportunity to get a #virtual portrait of a person and, if desired, a participant can make a full sample of various aspects of their life (how much money they spend, what they listen to, what they watch and so on).
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⠀⠀𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 is a scalable, #hyper-modern blockchain, with a view to the far future. This is a platform that can be used both with thin clients and with more powerful processors, basic stations, as well as with the latest #electronic and computer technologies, including quantum computers.
⠀
🎯 To solve existing problems, we offer several changes in blockchain architecture, affecting communication #protocols, network infrastructure, inter-network agreements, consensus algorithms, and so on. We have developed a fully-fledged distributed #platform, 100% reliable electronic data circulation environment for all parameters of human life - Blockchain 5.0 of the latest generation.
⠀
🌐 Relictum Pro platform does not depend on the communication method, it is just a #node, and how the message is delivered does not matter. At the moment, _HyperNet's own communications technology is being used. It works over or on top of the Internet. The following networking method in the future can be used based on Bluetooth, WiFi, satellite communications, i.e., channel switching based on #Bluetooth and/or WiFi and other promising protocols.
⠀
〽️ Naturally, people need a better, more #modern and improved blockchain technology - blockchain 5.0, which is Relictum Pro.
⠀
𝗝𝗼𝗶𝗻 𝘁𝗵𝗲 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 𝗧𝗼𝗸𝗲𝗻 𝗦𝗮𝗹𝗲 𝗡𝗢𝗪!
⠀
🌀 We offer a fundamentally different blockchain organization scheme — another principle of #networking and building blocks.
⠀
🌟 Thanks to the possibility of smart contracts, an n-dimensional (4-dimensional) chain arise; when new type-properties of smart contracts appear, for example, in case of automatic conclusion of a #transaction between several participants, when the chain is automatically closed, and a transaction is concluded between all participants (up to 10 transactions).
⠀
Also, the following properties arise: Four-dimensional model of smart contracts:
▪️ The possibility of the intersection of #smartcontracts and, thus, descriptions of the full type-properties of the product (the possibility of combining smart contracts into one, forming a "LINE of description").
▪️ A blockchain remembers everything – this is an opportunity to get a #virtual portrait of a person and, if desired, a participant can make a full sample of various aspects of their life (how much money they spend, what they listen to, what they watch and so on).
⠀
⠀⠀𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 is a scalable, #hyper-modern blockchain, with a view to the far future. This is a platform that can be used both with thin clients and with more powerful processors, basic stations, as well as with the latest #electronic and computer technologies, including quantum computers.
⠀
🎯 To solve existing problems, we offer several changes in blockchain architecture, affecting communication #protocols, network infrastructure, inter-network agreements, consensus algorithms, and so on. We have developed a fully-fledged distributed #platform, 100% reliable electronic data circulation environment for all parameters of human life - Blockchain 5.0 of the latest generation.
⠀
🌐 Relictum Pro platform does not depend on the communication method, it is just a #node, and how the message is delivered does not matter. At the moment, _HyperNet's own communications technology is being used. It works over or on top of the Internet. The following networking method in the future can be used based on Bluetooth, WiFi, satellite communications, i.e., channel switching based on #Bluetooth and/or WiFi and other promising protocols.
⠀
〽️ Naturally, people need a better, more #modern and improved blockchain technology - blockchain 5.0, which is Relictum Pro.
⠀
𝗝𝗼𝗶𝗻 𝘁𝗵𝗲 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 𝗧𝗼𝗸𝗲𝗻 𝗦𝗮𝗹𝗲 𝗡𝗢𝗪!
