Breaking the Transaction Barrier!
One of the key challenges faced by the blockchains is to be able to support a high transactional capability.
The reality is that the infrastructures we have are not able to support a higher userbase. While developers are hard at work to make applications that put blockchain to proper use, the underlying technology is still not capable of providing the transactions per second (tps) needed to handle the traffic.
Bitcoin was the first generation blockchain and it provided a decentralized currency. Blockchain 2.0 surfaced a new era to carry the blockchain forward by integrating smart contracts. Now, to make the proper usage of transparency and smart contracts, third generation blockchains are focusing on scalability.
Reaching 1,000 Transactions
Current major blockchains have focused primarily on network security and the consensus mechanisms they have utilized prioritized security over scalability. However, neither scalability nor security should be compromised if blockchain is going to reach a proper userbase.
To achieve this, UChain is combing RPCA with an innovative data security technique.
UChain is utilizing the Ripple Protocol Consensus Mechanism to support up to one thousand transactions per second. A company representative has asserted that this level of throughput processing rate is sufficient to handle the current needs of the sharing economy. However, the Telegram discussion also pointed out that if further enhancement is necessary, the company will look into further enhancing the infrastructure.
Rather than using PoW which slows down depending on transactional volume and thus cannot handle a high tps, the RPCA utilizes Proof of Correctness and is able to overcome the tps barrier as transactions can be cleared with a greater pace.
UChain is able to overcome a major barrier faced by the current industry leader of smart economies: Ethereum. The Ethereum blockchain struggles with managing the tps flow the dApps it supports need. Ethereum is being developed to enhance its tps but the results are expected to take years. Meanwhile, UChain, from its very onset, can support a high userbase that the decentralized applications built on it will attract.
Security will not be Compromised
In order to ensure the tps and security are prime features of the infrastructure, a separate, novel focus is given to data security. The data won’t just be encrypted, as every blockchain can tout that.
UChain will shred data across nodes to ensure it cannot be breached. As a result, the intertwined benefit of transactional speed and security provides the infrastructure that is usually created by centralized applications. UChain will allow dApps built on it to be decentralized while enjoying the capabilities of their centralized competitors.
Wrap-Up: UChain has developed a blockchain that counters the problem of scalability faced by Ethereum, yet it does not give up its ability to secure data; rather, it provides enhanced security.
Essential UChain Links
🌐 Website: https://uchain.world/
💡 Whitepaper: https://uchain.world/css/img/pdf/uchain-whitepaper-dbe5656d6c.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=4631038.0
💻 Telegram: https://t.me/UchainAnn / https://t.me/UchainEcosystem
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Hi Hatu,
Thank you for the information. I see this is similar to Zil.
Do these projects Zil and unchain have the ability to interact with other blockchain like Etherium and improve their transaction speed?
There is another project called Aion which connects blockchain and may provide increased transaction times.
@hatu hello 👋 sir,, Truly speaking, the use of blockchain has been running at a very fast pace today, now per second is the transaction, it has become a challenging problem today, by devoloper, but it is true that devoloper is trying to help us to improve. I liked you very nice analysis about blockchain transactions, so thank you so much sir
Well noted: there's presently a lot of focus on the scalability issue. It's good that there are devs out there resolving this dilemma.
@hatu sir , That's right, you have a lot of focus on today's compatibility issues. And besides today, the devoloper is always ready to solve any problem, whatever we all think will do a lot better in the future.
The dApps' compatibility will be easily resolved with the issued SDKs.
The compatibility towards userbase demands is a great challenge that this overcomes.
@hatu Thank you very much @hatu sir, you talked to me, wasting your precious time, I liked it, you can learn a lot from big people like you, I'm a steamit member, I came here at steemit. Say, but my income is still not 1 rupee, but steemit came to know more, steemit, I can learn more in the coming days, I come at very happy steemit, because here is an education la
Hi Hatu - always interesting to see your view on different, (to me) unknown cryptos. How would you compare Uchain to for instance ZIL?
That's a pretty good comparison actually.
Zil was one of the first to venture into scalability and has a good head start against UChain in terms of blockchain development.
UChain, though, has a head start in terms of userbase as U-Bicycle's users will be migrated onto UChain.
Both of them have a high tps but have their own competitive edge.
Yes having hold of existing users and a clear use case sure seems to be nice in this space. Thanks for your response.
Very nice and informative article about the blockchain technology. Faster execution of transactions making it more complex, but still there are smart people out there some are protecting and some are hacking.
Well said, some choose the right path while others don't.
Which network security standard is used in uchain ?
It is its own blockchain. The securitization is internalized.
There's a layer dedicated to security.
Oh wow thats great to know brother thank you so much ...
this problem going to solved soon
Correct, the utilization of the RPCA is a valid solution.
@hatu
That barrier was needed to be broken
Mass adoption of the technology demands it.
Good to see that "security will not be compromised" and it has good scalability.
Advancement in one factor should not mean other factors should not be focused on. The underlying technology here advances on an even field.
Thanks for the info @hatu
You're welcome :)
Great article ! Keep a good work.
Thank you :)