Unlike Blockchain, information is not stored on every node but instead only on participating nodes
Practical and useful ledger system for transactional purposes
Parallel transaction happens between transactional nodes, so there is no centralized blockchain
Innovative concepts are what make BlockChain+ possible. Discussed in detail with a research paper, the following is an overview!
Transactional information such as sender/receiver and amount is only stored on participant nodes, enabling both security & speed
Innovative concept of random number teleportation is used to generate the same random number on all nodes without transmitting to each other
Randomly selected witness and guarantor nodes are used in typical transactions for validation and execution purposes
Discussed in detail, Blockchain+ made it very hard for hacker nodes to execute fraudulent transactions.
Parallel transactions happen on the BlockChain+ network, making execution speeds faster without compromising security concerns
At its heart, BlockChain+ overcomes the problems faced by open blockchains (Bitcoin, etc.) to make it useful for businesses to use this technology for their ledger system
Some basic questions regarding BlockChain+
This research paper exploits an opportunity to implement private transactions in public, open-based blockchain architecture without compromising security, transparency or trust. It tackles problems we are facing presently, such as public vs. private blockchains, information being stored on “every node,” and the speed of execution. BlockChain+ offers a solution to these problems with an open-source, ledger-based approach. Information is only stored in participating nodes.
As discussed in detail in this research paper, open blockchain architecture performs transactions by appending information to one massive blockchain. This database get bulky with time thereby compromising speed and raising questions regarding its effectiveness to execute transactions faster.
Crypto ledger system are the reality of the future. It is expected that sooner or later, there will be a strong focus on operational aspects of blockchain, such as quick validation and execution. This is where BlockChain+ outshines and make itself useful for small businesses and individuals.
As an investor, you get early access to the groundbreaking invention of Blockchain+. Reach out to us today by filling out the contact form to get updates or an answer to any question you might have.