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
🖋 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.
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🏮 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
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🌐 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
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#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
In this post, we will tell you about the problems of blockchain platforms and Relictum Pro #solutions
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❗️ Modern #blockchain platforms have a number of serious problems that prevent them from becoming a full-fledged replacement for fiat. Among them, the most basic are:
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🔸 Lack of security
🔸 Low transaction speed.
🔸 Consensus algorithms that can lead to collisions.
⠀
❓ 𝗪𝗵𝗮𝘁 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝗱𝗼𝗲𝘀 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 𝗼𝗳𝗳𝗲𝗿?
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📌 Isolated HyperNet data transfer protocol, which is built on the familiar TCP / IP. It only transmits information from the #Relictum Pro network.
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❓ 𝗪𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 𝗶𝘁 𝗴𝗶𝘃𝗲?
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🔹 Improved data #security and transaction speed. Thus, TestNet was able to show the throughput of 100,000 #transactions per second, and when fully launched, it will reach 1,000,000.
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📌 𝗡𝗲𝘄 𝗣𝗿𝗼𝗼𝗳-𝗼𝗳-𝗧𝘀𝗮𝗿 𝗰𝗼𝗻𝘀𝗲𝗻𝘀𝘂𝘀 𝗮𝗹𝗴𝗼𝗿𝗶𝘁𝗵𝗺:
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All nodes are divided into subclasses. Regular Nodes, Generals, and Tsars. The Generals collect transactions and submit them for processing to the Tsar Nodes. They are selected automatically and re-switching occurs every half a second. #Nodes cannot be Generals or Kings twice in a row.
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❓ 𝗪𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 𝗶𝘁 𝗴𝗶𝘃𝗲?
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🔹 Collisions of double-spending and other parasitic #events disappear. Moreover, the "Tsar" does not know that he is the "Tsar" at the moment when he is the "Tsar". Calculated data show that the probability of a collision of block hashes can occur in 100 years, but this collision can only be with the hash that was 100 years ago, which makes it irrelevant.
⠀
✔️ Today Relictum Pro is the most technologically advanced blockchain #platform, which, thanks to its innovations, solves old blockchain problems using a radically different approach, rather than trying to fix old #problems.
⠀
📢 𝗟𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 𝗽𝗿𝗼𝗷𝗲𝗰𝘁 𝗼𝗻 𝗼𝘂𝗿 𝘄𝗲𝗯𝘀𝗶𝘁𝗲: https://relictum.pro/
⠀
❗️ Modern #blockchain platforms have a number of serious problems that prevent them from becoming a full-fledged replacement for fiat. Among them, the most basic are:
⠀
🔸 Lack of security
🔸 Low transaction speed.
🔸 Consensus algorithms that can lead to collisions.
⠀
❓ 𝗪𝗵𝗮𝘁 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝗱𝗼𝗲𝘀 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 𝗼𝗳𝗳𝗲𝗿?
⠀
📌 Isolated HyperNet data transfer protocol, which is built on the familiar TCP / IP. It only transmits information from the #Relictum Pro network.
⠀
❓ 𝗪𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 𝗶𝘁 𝗴𝗶𝘃𝗲?
⠀
🔹 Improved data #security and transaction speed. Thus, TestNet was able to show the throughput of 100,000 #transactions per second, and when fully launched, it will reach 1,000,000.
⠀
📌 𝗡𝗲𝘄 𝗣𝗿𝗼𝗼𝗳-𝗼𝗳-𝗧𝘀𝗮𝗿 𝗰𝗼𝗻𝘀𝗲𝗻𝘀𝘂𝘀 𝗮𝗹𝗴𝗼𝗿𝗶𝘁𝗵𝗺:
⠀
All nodes are divided into subclasses. Regular Nodes, Generals, and Tsars. The Generals collect transactions and submit them for processing to the Tsar Nodes. They are selected automatically and re-switching occurs every half a second. #Nodes cannot be Generals or Kings twice in a row.
⠀
❓ 𝗪𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 𝗶𝘁 𝗴𝗶𝘃𝗲?
⠀
🔹 Collisions of double-spending and other parasitic #events disappear. Moreover, the "Tsar" does not know that he is the "Tsar" at the moment when he is the "Tsar". Calculated data show that the probability of a collision of block hashes can occur in 100 years, but this collision can only be with the hash that was 100 years ago, which makes it irrelevant.
⠀
✔️ Today Relictum Pro is the most technologically advanced blockchain #platform, which, thanks to its innovations, solves old blockchain problems using a radically different approach, rather than trying to fix old #problems.
⠀
📢 𝗟𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 𝗽𝗿𝗼𝗷𝗲𝗰𝘁 𝗼𝗻 𝗼𝘂𝗿 𝘄𝗲𝗯𝘀𝗶𝘁𝗲: https://relictum.pro/
