🖋 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.
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♻️ 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 difference between a node and a smart contract.
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❓ 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝗻𝗼𝗱𝗲?
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A node is any computer that is connected to a blockchain #network. Simply put, this is the point at which messages can be created, received, or transmitted. For a bitcoin network, for example, there are full nodes, #supernodes, miner nodes, and an SPV client.
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❓ 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝘀𝗺𝗮𝗿𝘁 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁?
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Smart contracts are #computer data transfer protocols that use mathematical algorithms to automatically complete a transaction after meeting established conditions and complete process control. The #protocol is used to enter all the terms of the contract concluded between the parties to the transaction in the blockchain. Obligations of participants are provided in the smart contract in the form of "if-then" (for example: "if Party A transfers money, then Party B #transfers the rights to the apartment"). Once these conditions are met, the smart contract independently performs the transaction and ensures that the agreement is respected.
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❗️ Thus, the smart contract is the action that takes place, and the #node is the place where this action takes place.
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💡 𝗧𝗵𝗲 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝘃𝗲 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵
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✔️ The distinctive mechanism is as follows: only the hash of one event (#transaction) is recorded in the block, and it cannot be changed. Thus, all kinds of collisions are swept aside. In addition to recording the event hash into the block, when forming a new one, the entire hash of the previous block and + integer value is taken (we put the sequential block number in front of the block). There is a main chain of blocks - Master_Chain, which contains only the hash of a block of lower and side smart contracts.
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✔️ In parallel with the main Master_Chain, various independent chains are formed - these are smart contracts that organize the three-dimensional distribution, for example:
- first smart contract - generation of tokens;
- second smart contract - sale of goods through the store;
- third - a crypto #exchange;
- fourth - delivery of goods, etc.
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✔️ Thus, the organization of chains of smart contracts and the main Master_Chain leads to a four-dimensional model of the organization of distribution of #blocks.
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Read more about Relictum Pro innovative solutions here: https://relictum.pro
🏮 Website: https://relictum.pro/auth/signup
#Blockchain #relictcoin #tech #relictumpro #fintech #Crypto #blockchain5 #technology #techno #relictum #relictumblockchain #DistributedLedgerTechnology #Blockchaintechnology #DLT #blockchainfifthgeneration #relictumcommunity #community
⠀
❓ 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝗻𝗼𝗱𝗲?
⠀
A node is any computer that is connected to a blockchain #network. Simply put, this is the point at which messages can be created, received, or transmitted. For a bitcoin network, for example, there are full nodes, #supernodes, miner nodes, and an SPV client.
⠀
❓ 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝘀𝗺𝗮𝗿𝘁 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁?
⠀
Smart contracts are #computer data transfer protocols that use mathematical algorithms to automatically complete a transaction after meeting established conditions and complete process control. The #protocol is used to enter all the terms of the contract concluded between the parties to the transaction in the blockchain. Obligations of participants are provided in the smart contract in the form of "if-then" (for example: "if Party A transfers money, then Party B #transfers the rights to the apartment"). Once these conditions are met, the smart contract independently performs the transaction and ensures that the agreement is respected.
⠀
❗️ Thus, the smart contract is the action that takes place, and the #node is the place where this action takes place.
⠀
💡 𝗧𝗵𝗲 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝘃𝗲 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵
⠀
✔️ The distinctive mechanism is as follows: only the hash of one event (#transaction) is recorded in the block, and it cannot be changed. Thus, all kinds of collisions are swept aside. In addition to recording the event hash into the block, when forming a new one, the entire hash of the previous block and + integer value is taken (we put the sequential block number in front of the block). There is a main chain of blocks - Master_Chain, which contains only the hash of a block of lower and side smart contracts.
⠀
✔️ In parallel with the main Master_Chain, various independent chains are formed - these are smart contracts that organize the three-dimensional distribution, for example:
- first smart contract - generation of tokens;
- second smart contract - sale of goods through the store;
- third - a crypto #exchange;
- fourth - delivery of goods, etc.
⠀
✔️ Thus, the organization of chains of smart contracts and the main Master_Chain leads to a four-dimensional model of the organization of distribution of #blocks.
⠀
Read more about Relictum Pro innovative solutions here: https://relictum.pro
🏮 Website: https://relictum.pro/auth/signup
#Blockchain #relictcoin #tech #relictumpro #fintech #Crypto #blockchain5 #technology #techno #relictum #relictumblockchain #DistributedLedgerTechnology #Blockchaintechnology #DLT #blockchainfifthgeneration #relictumcommunity #community
