Based on self-developed RouPay, XCoinPay will create Bitcoin zero-cost speed transfer system!http://39.108.246.76:8080/upload/logo.gifHigh transfer fees and snail-like arrival speed of Bitcoin is unbearable, and on the issue of whether to expand capacity to enhance the speed of transactions, community disagree and quarrel for a long time, but can not deny that the high transfer fees and the slow arrival rate affected the development of Bitcoin directly leading to the splitting of a larger block of BCC.
Compared to the traditional payment system, the maximum transaction volume per second of the Bitcoin payment system is 7, whereas the average transaction volume of Visa is over ten thousands per second and the Alipay peak is nearly 90,000. How to increase the transaction speed of Bitcoin has become a thorny issue problem.
From a technical point of view, transaction processing capacity and blockchain data capacity seems to be a pair of irreconcilable contradictions, in general, how to enhance the speed of Bitcoin transfer without making too many changes in the Bitcoin blockchain, Seems to have become a problem like fish and bear's paw can not have both.
In order to solve this problem, Joseph Poon, the founder of the lightning network, proposed the concept of lightning network to improve the efficiency of processing transactions in the block. It is undeniable that the concept of the lightning network is very remarkable. The community even thinks that the thesis of "Lightning Network" The Bitcoin Lightning Network: Scalable Off-Chain Instant Payments from the importance of Bitcoin is only second under the booklet Chunsuke Nakamoto's creation.
From a technical point of view, the nature of the lightning network is a mechanism that uses a hash time lock smart contract to securely conduct a zero-order transaction. First, all unconfirmed lightning network transactions are based on existing, confirmed funds transactions. These funds have been validated on multi-signed addresses on the Bitcoin network, and unconfirmed Lightning Network transactions are based on these confirmed transactions.
However, we must clearly understand that at present, lightning networks exist only in the conceptual phase. Creating a completely decentralized peer-to-peer Hierarchical-2 network faces many technical challenges and is extremely difficult to achieve. Such a complicated payment network is hard to come by. , And for a long time, you can not use the lightning network, which is hard to deal with.
Against this background, XCoinPay development team independently developed RouPay, using RouPay and RouPay to comprehensively apply 2-of-2 multiple signatures to lock in time trading , And delay the construction of transaction technology and other technologies to achieve the phase can be done without the need to complete the establishment of lightning-type payment channel. No-fee, and second-speed confirmation chain transactions.
At the technical level, RouPay intelligently utilizes multiple signatures and uses lightning-based 2-of-2 multi-signature lightning-based payments to enable instantaneous zero-cost transfer of blockchain assets.
Imagine using RouPay for an instant, zero-cost transfer of Bitcoin that translates into trading speeds comparable to traditional payment tools that will be "killer apps" in blockchain payments, and RouPay compared to the lightning network, soft payment technology (RouPay) is short and concise, and more concise, easier landing.
XCoinPay is a blockchain asset based on RouPay Zero-cost speed transfer system and cross-chain agreement and DAPP application, is committed to creating PayPal encrypted digital currency industry - to achieve synergies between a variety of blockchain and digital assets Operation, cross-chain transactions and speed trading.
The XCoinPay team has a lot of technological innovations in development. The key functions developed by XCoinPay, such as RouPay and cross-link protocol, RSA-based communication technology, universal address, speed trading, and zero handling fee, XCoinPay independent research and development of innovative features.
XCoinPay is a subsidiary of Hong Kong XCoinPay Technology Co., Ltd., a financial technology company based in Hong Kong. Hong Kong has active policy support for the blockchain industry. Based on Hong Kong, the world financial center, XCoinPay uses blockchain technical services to users around the world.
