Presented on OKEx Global Cryptocurrency Exchange after the Big Screen of Nasdaq, the double-layer technology of LightChain is more and more remarkable
PALO ALTO, Calif., Jan. 19, 2018 /PRNewswire/ -- OKEx has officially launched LIGHT. Customers were able to recharge at 15:00 and make transactions at 19:00 on January 19. Withdrawals will be available at 18:00, January 22.
With the development of blockchain technology and the implementation of mass applications, more and more people are concerned about blockchain, and the transaction volume also exponentially increases, which also exposes the blockchain industry to a significant problem; that the performance and order processing efficiencies of the blockchain are inferior. Bitcoin transaction time is currently about 1 hour, Ethereum tokens transaction time is between 5 and 10 minutes, and the transaction time is prolonged when the network congestion occurs. Therefore, the urgent problem that blockchain is currently facing is how to improve the performance and order processing rate of the whole blockchain network while keeping the data secure.
LightChain is an epoch-making blockchain. It is the world's first double-layer blockchain which consists of a parent chain and sub-chains. These sub-chains are independent of each other and arbitrarily expanding. Similar to the traditional public chain, the prime chain ensures that records cannot be tampered with or destroyed and are transparent to the public through a distributed storage method. Based on the Proof of Machine (PoM) validation method working with the In-Memory database cache, sub-chains effectively improve the throughput in the cache, namely that more than 100,000 transaction requests can be processed per second. The transaction record periodicity of sub-chains keeps pace with that of the parent chain to ensure that the prime chain has the complete transaction records of the entire network. The synchronization process is packaged through a batch update. The double-layer architecture of LightChain with great flexibility can be applied to various application scenarios and solve the problem of usability of the whole blockchain industry.
Features of the LightChain Project
-- The first double-layer architecture: LightChain is the world's first
double-layer chain composed of a parent chain and a number of
sub-chains.
-- Expandability: The double-layer architecture of the LightChain ensures
that the tamper-resistant, account opening and decentralized system can
cover every corner of the globe. This is the first time that humans have
been energy-efficient enough to do this.
-- Excellent performance: The double-layer architecture of the LightChain
keeps the advantages of the parent chain, such as tamper-resistant,
account-opening and decentralized, and achieves the performance for over
100,000 QPS through sub-chains. Such performance can cover almost all
human applications.
The LightChain system makes a breakthrough in solving the problem of digital currencies' slow transaction process speed so that digital currency transactions can be completed instantaneously. This major breakthrough will further demonstrate the advantages of digital currency. With the emergence of LightChain, the economic field is moving further towards mass circulation and digital currency usage.
SOURCE LightChain Corporation
