Wao, 500,000 + transactions per second is a very impressive number. Where can I read the test for this number or is it just your theoretical?
Hello!We approached the market from an economic and scientific point of view, borrowing the best from Bitcoin, Ethereum, DASH and other alternative currencies, mixing modern concepts and based on the world experience of IBM, Microsoft and a number of other companies and scientific research.
We investigated different types of consensus and came to the conclusion that it is not difficult to achieve 1 million transactions per second, but to provide 100% protection prevents the human factor.
For example-Delegated Proof of Stake / DPOS and TAPOS. DPoS is designed in such a way that it supports a high frequency of generating new blocks and is able to handle a large number of transactions per unit of time compared to other consensus algorithms that work in a distributed environment without trust. DPoS is well suited for open-access systems where user identification is not required.
DPos is currently considered the most reliable consensus-building, but assuming that the Trustees come together and collude, they will be able to
technically destroy the entire network. The time has come for all mankind to switch to artificial intelligence, which will not deceive.
Protocol -
Tkeycoin Blockchain Protocol (TBP) able to handle +500 000 transactions per second by using advanced tracing mechanism of chains and artificial intelligence algorithms. For example, when the maximum transaction rate is reached throughout the network, the system uses parallel chains of the platform structure, creating interconnected branches of the block structure.
The peculiarity of the Protocol in its flexible modular implementation, whereby you can create a variety of protocols depending on the desired functionality. Flexibility creates opportunities to delegate data and improve its structure to lightweight clients, making it easy to integrate and synchronize with other systems.
We pay special attention to Protocol design and fine details for future scaling and easy carrying of User Activated Sost Fork.
The modular flexibility of the Protocol requires the creation of scripting and universal programming languages, which can be used to write proofs to verify the correctness of templates and to prevent the creation of new money out of thin air or transactions.
Transactions in the TBP Protocol can be verified and anonymous, which allows you to reach a new level of cryptocurrency use at the state and corporate level.
To get the maximum effect of security and speed, we need to use our own Protocol to reach consensus Divided proof-of-stake to Artificial Intelligence /
DPOSTOAI (Delegation of proof of ownership of artificial intelligence).
Self-learning agents (Phoenix Tkeycoin ) can investigate the formation of new blocks in the blockchain and analyze the source code. Modeling will be determined by a narrower range of possible combinations for each subsequent item. At the current rate of increase in complexity, this can be a great solution for reducing costs.
AI can transform a flat network consensus structure into a hierarchical one. To preserve the principle of the formed model, it is enough to confirm several "correct" blocks. They can be randomly selected on any segments of the chain or set by specific conditions and be the key points for subsequent reconciliations.
You can read more about White Paper project: https://tkeycoin.com/doc/en/whitepaper.pdfThe launch and full testing of MVP is scheduled for the 3rd quarter of 2018. -
https://tkeycoin.com/roadmap/en/We have not taken the standard for the current market ICO period, so that users can monitor the development and already on the basis of periodic updates to make decisions.
We will be glad to answer your questions
I think 500,000 Tx/s is not so special in the crypto world even, now Komodo Blockchain scaling to 1 Million Tx/s;
There are many Blockchains that can process a large number of transactions per second but it becomes useless because the number of transactions in their Blockchain is very low
