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.
⠀
🔼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.
⠀
🔼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.
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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.
⠀
🔼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 #smartcontracts, which can affect the operation of the entire network. Smart contracts 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 #relictum #relictumblockchain #DistributedLedgerTechnology #Blockchaintechnology #DLT #blockchainfifthgeneration #relictumcommunity #community
⠀
🔼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 #smartcontracts, which can affect the operation of the entire network. Smart contracts 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 #relictum #relictumblockchain #DistributedLedgerTechnology #Blockchaintechnology #DLT #blockchainfifthgeneration #relictumcommunity #community
🖋 Bitcoin has many #problems, but in this post we will focus on the main thing: transactions with this digital #currency are carried out incredibly long.
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🏷 One of the main problems of modern blockchains is large #block size. It is 8000 times bigger than our block size (1,024,000 bytes = 1Mb against 120 bytes). It is not advisable to accommodate all transactions that cannot be placed in a single block in a single block. This leads to a decrease in the speed of #data processing, a decrease in the speed of data transfer, as well as a decrease in the #speed of searching for the necessary information.
⠀
🏮 The more network congestion, the longer transactions take. And in itself this problem will not be solved. When a new transaction is launched in the #Bitcoin blockchain, information about it is visible immediately, but the actual currency transfer may take several minutes or even hours. This expectation is inconvenient to neither #buyers nor sellers.
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🗝 Bitcoin is extremely inefficient in matters of network scaling. Transactions in it as the number of users grows, they become more and more slow and expensive.
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𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 𝘀𝗽𝗲𝗲𝗱 𝗼𝗳 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻
⠀
🌐 The existing network organization of modern blockchains is peer-to-peer (#P2P) network. 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.
⠀
♻️ 𝗣𝗿𝗶𝗻𝗰𝗶𝗽𝗹𝗲 𝗼𝗳 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻: One node connects to several and in parts downloads data from other nodes. Thus, the download speed was close to the maximum value of the network card and the speed of a provider.
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📂 As a transport, we use a new type of network based on the fourth-level data network of the OSI #model. _HyperNet is a virtual channel switching network.
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⚙️ The network provides a constant stable connection between all #nodes for a small limited period of time (from 0.5 to 10 s), depending on the network load. With a small #network load, this gap can be up to 10 s, while with a loaded network it decreases to less than 0.5 s.
🏮 Website: https://relictum.pro
⠀
#Blockchain #relictcoin #tech #relictumpro #fintech #Crypto #blockchain5 #technology #techno #relictum #relictumblockchain #DistributedLedgerTechnology #Blockchaintechnology #DLT #blockchainfifthgeneration #relictumcommunity #community
⠀
🏷 One of the main problems of modern blockchains is large #block size. It is 8000 times bigger than our block size (1,024,000 bytes = 1Mb against 120 bytes). It is not advisable to accommodate all transactions that cannot be placed in a single block in a single block. This leads to a decrease in the speed of #data processing, a decrease in the speed of data transfer, as well as a decrease in the #speed of searching for the necessary information.
⠀
🏮 The more network congestion, the longer transactions take. And in itself this problem will not be solved. When a new transaction is launched in the #Bitcoin blockchain, information about it is visible immediately, but the actual currency transfer may take several minutes or even hours. This expectation is inconvenient to neither #buyers nor sellers.
⠀
🗝 Bitcoin is extremely inefficient in matters of network scaling. Transactions in it as the number of users grows, they become more and more slow and expensive.
⠀
𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 𝘀𝗽𝗲𝗲𝗱 𝗼𝗳 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻
⠀
🌐 The existing network organization of modern blockchains is peer-to-peer (#P2P) network. 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.
⠀
♻️ 𝗣𝗿𝗶𝗻𝗰𝗶𝗽𝗹𝗲 𝗼𝗳 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻: One node connects to several and in parts downloads data from other nodes. Thus, the download speed was close to the maximum value of the network card and the speed of a provider.
⠀
📂 As a transport, we use a new type of network based on the fourth-level data network of the OSI #model. _HyperNet is a virtual channel switching network.
⠀
⚙️ The network provides a constant stable connection between all #nodes for a small limited period of time (from 0.5 to 10 s), depending on the network load. With a small #network load, this gap can be up to 10 s, while with a loaded network it decreases to less than 0.5 s.
🏮 Website: https://relictum.pro
⠀
#Blockchain #relictcoin #tech #relictumpro #fintech #Crypto #blockchain5 #technology #techno #relictum #relictumblockchain #DistributedLedgerTechnology #Blockchaintechnology #DLT #blockchainfifthgeneration #relictumcommunity #community
🧮 Hash and hashing algorithms are key concepts that newcomers to the blockchain know about and which always go hand in hand with security.
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♨️ To maintain decentralized networks and consensus mechanisms, including Bitcoin or #Ethereum with a thousand nodes connected via p2p, a “lack of trust” and an effective confirmation system are necessary. These #networks need compact methods of encrypting information that would allow participants to conduct quick and secure checks.
⠀
🔳 #Block is one of the main components of #Bitcoin and Ethereum. The block contains information about transactions, timestamps, and other significant metadata. A considerable role in ensuring #security is played by the ability to compress large amounts of information about the global network status into short standard messages, which can be easily checked if necessary. These messages are the hash.
⠀
⚜️ Hash algorithms in #cryptography are used everywhere. The main areas of their application are the #storage of passwords, file verification systems, etc. The essence of these hashes is to use a deterministic algorithm that takes input and creates a string with a fixed length. Thus, the same input will always be converted to the same output.
⠀
Determinism is important not only for hashes because even if you change one bit of the input data, you also get a completely different hash.
⠀
🌀 However, there is a problem with #hashing algorithms - this is the inevitability of collisions. Collisions are bad. This means that the attacker who created the collisions can transfer malicious files while hiding under the correct hash. A good hash #function should make it more difficult for attackers to find ways to create an input with the same hash value.
⠀
♻️ The process of calculating the hash should not be too effective since in this case, #attackers can easily calculate collisions. Hash #algorithms must be resistant to the attacks of finding the pre-image. It is necessary to complicate the process of calculating steps to find the initial value from which the hash was created (for example, the inverse image).
⠀
🌐 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 is a supplemented modification of #SHA1-based hashing mathematics. The main advantage of it is in converting from 20 #bytes to 32 bytes (in your own hash). This gives a high crypto-stability, including from a promising quantum computer.
⠀
♨️ To maintain decentralized networks and consensus mechanisms, including Bitcoin or #Ethereum with a thousand nodes connected via p2p, a “lack of trust” and an effective confirmation system are necessary. These #networks need compact methods of encrypting information that would allow participants to conduct quick and secure checks.
⠀
🔳 #Block is one of the main components of #Bitcoin and Ethereum. The block contains information about transactions, timestamps, and other significant metadata. A considerable role in ensuring #security is played by the ability to compress large amounts of information about the global network status into short standard messages, which can be easily checked if necessary. These messages are the hash.
⠀
⚜️ Hash algorithms in #cryptography are used everywhere. The main areas of their application are the #storage of passwords, file verification systems, etc. The essence of these hashes is to use a deterministic algorithm that takes input and creates a string with a fixed length. Thus, the same input will always be converted to the same output.
⠀
Determinism is important not only for hashes because even if you change one bit of the input data, you also get a completely different hash.
⠀
🌀 However, there is a problem with #hashing algorithms - this is the inevitability of collisions. Collisions are bad. This means that the attacker who created the collisions can transfer malicious files while hiding under the correct hash. A good hash #function should make it more difficult for attackers to find ways to create an input with the same hash value.
⠀
♻️ The process of calculating the hash should not be too effective since in this case, #attackers can easily calculate collisions. Hash #algorithms must be resistant to the attacks of finding the pre-image. It is necessary to complicate the process of calculating steps to find the initial value from which the hash was created (for example, the inverse image).
⠀
🌐 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 is a supplemented modification of #SHA1-based hashing mathematics. The main advantage of it is in converting from 20 #bytes to 32 bytes (in your own hash). This gives a high crypto-stability, including from a promising quantum computer.
In this post, we will tell you why Relictum Pro blockchain is superior to its counterparts.
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📌 Blockchain is a distributed #database that stores information in the form of a chain of blocks. A feature of such a database is that each next block stores information about itself and the previous block.
⠀
💡 Relictum Pro is based on its own development - Blockchain 5.0
⠀
🔸 All the previous 4 versions of the blockchain tried to fix each other's shortcomings by reinventing the wheel and coming up with many crutches. This was their fundamental problem.
⠀
🔸 The best solution, according to our team, was to make a new version of the #blockchain based on our own technologies.
⠀
🏆 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼’𝘀 𝗯𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗱𝗶𝘀𝘁𝗶𝗻𝗰𝘁𝗶𝘃𝗲 𝗳𝗲𝗮𝘁𝘂𝗿𝗲𝘀:
⠀
🔹 𝗟𝗮𝘁𝗲𝘀𝘁 𝗯𝗹𝗼𝗰𝗸 𝗮𝗿𝗰𝗵𝗶𝘁𝗲𝗰𝘁𝘂𝗿𝗲
Unique architecture of chains and blocks, with hash in #MasterChain and synchronization and forwarding of information by parallel chains of n-dimensional smart contracts
⠀
🔹 𝗢𝘄𝗻 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆
Own network of virtual communication channels (#HyperNet) of the OSI transport layer based on the TCP / IP protocol over the Internet
⠀
🔹 𝗣𝗿𝗼𝗽𝗿𝗶𝗲𝘁𝗮𝗿𝘆 𝗣𝗼𝗧 𝗰𝗼𝗻𝘀𝗲𝗻𝘀𝘂𝘀
Unique consensus algorithm #PoT (Proof of Tsar) with protection against hash collisions, typing of nodes and their states
⠀
✅ Thanks to the unique features of Blockchain 5.0, such as a new #block architecture, its own consensus algorithm, and its own network of virtual communication channels, the Relictum Pro project is technically superior to all its competitors.
⠀
𝗟𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝟱.𝟬 𝗼𝗻 𝗼𝘂𝗿 𝘄𝗲𝗯𝘀𝗶𝘁𝗲: https://relictum.pro/
⠀
📌 Blockchain is a distributed #database that stores information in the form of a chain of blocks. A feature of such a database is that each next block stores information about itself and the previous block.
⠀
💡 Relictum Pro is based on its own development - Blockchain 5.0
⠀
🔸 All the previous 4 versions of the blockchain tried to fix each other's shortcomings by reinventing the wheel and coming up with many crutches. This was their fundamental problem.
⠀
🔸 The best solution, according to our team, was to make a new version of the #blockchain based on our own technologies.
⠀
🏆 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼’𝘀 𝗯𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗱𝗶𝘀𝘁𝗶𝗻𝗰𝘁𝗶𝘃𝗲 𝗳𝗲𝗮𝘁𝘂𝗿𝗲𝘀:
⠀
🔹 𝗟𝗮𝘁𝗲𝘀𝘁 𝗯𝗹𝗼𝗰𝗸 𝗮𝗿𝗰𝗵𝗶𝘁𝗲𝗰𝘁𝘂𝗿𝗲
Unique architecture of chains and blocks, with hash in #MasterChain and synchronization and forwarding of information by parallel chains of n-dimensional smart contracts
⠀
🔹 𝗢𝘄𝗻 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆
Own network of virtual communication channels (#HyperNet) of the OSI transport layer based on the TCP / IP protocol over the Internet
⠀
🔹 𝗣𝗿𝗼𝗽𝗿𝗶𝗲𝘁𝗮𝗿𝘆 𝗣𝗼𝗧 𝗰𝗼𝗻𝘀𝗲𝗻𝘀𝘂𝘀
Unique consensus algorithm #PoT (Proof of Tsar) with protection against hash collisions, typing of nodes and their states
⠀
✅ Thanks to the unique features of Blockchain 5.0, such as a new #block architecture, its own consensus algorithm, and its own network of virtual communication channels, the Relictum Pro project is technically superior to all its competitors.
⠀
𝗟𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝟱.𝟬 𝗼𝗻 𝗼𝘂𝗿 𝘄𝗲𝗯𝘀𝗶𝘁𝗲: https://relictum.pro/
