PLATFORM TECH
Development of platform based on blockchain
The processing speed of the blockchain is affected by two factors: block size and block spacing. The average block interval of bitcoin is 10 minutes and the average size of each block is 1 MB, so throughput is limited to 7 tps. However, as the block size increases, block broadcasting in the Bitcoin network slows down and leads to centralization of block leads. To address these problems, we present a scalable protocol for the block chain with Sharding and RPoS (Random select proof of stake) algorithms.
Merkle Tree is used in recent blockchain applications. In many peer-topeer (P2P) systems, an individual must be able to request data even for untrusted peers and prove that the data sent by these peers is part of the actual content requested. Merkle Tree can authenticate data received from colleagues to solve this trust problem.
Designing a business platform based on a blockchain
