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Do You Know IPv6?
IPv6 is slowly but irresistibly making its way into the Internet and into our networks. In industrial countries, the average user adoption rate is around 30%, Belgium being the leader with over 50%. Over 25% of the Top Alexa 1000 websites are dual-stack, which means, they are reachable over IPv4 and IPv6.
ð Blockchain Will Change It
Blockchain is a new architecture, that revolutionizes the Internet and replaces the common centralized client-server design. Blockchain stores data on a chain of nodes. It is a shared public ledger on which the entire decentralized distributed peer-to-peer network relies.
ð BitCherry Technology Implementation â IPv8
IPv4 / IPv6 are all IP layer protocols, the point of difference is the number of bytes of the network source address and the destination.IPv4 supports more than 4 billion addresses, but you at home or office are sharing a floating IP address to connect the internet with everyone because the number of IP addresses is not enough. When you be home is using the temporary IP address to connect the internet; only the data center computer room and private network have has a fixed IP address.
In order to solve the problem of insufficient IP addresses, the IPv6 protocol was upgraded. The essence of the protocol is almost exactly the same as IPv4, but upgrading the address to 6 bytes can express 262 trillion addresses, which exceeds the number of each grain of sand in the world. Therefore, it is sufficient for all Internet-connected computers and IoT devices now and in the future.
The IPv8 address is based on the IPv4 / IPv6 address, adding 2 bytes to express the topological relationship of the network and the double-layer P2Plus gateway node. P2Plus will establish a decentralized fast, safe, and private point-to-point on the IP layer Communications network.
For example, IPv4 / IPv6 are regular roads, and all the villages have the roads; IPv8 builds a highway, and all the cities have the highway entrances and exits, while IPv8 addresses build a highway entrance link the regular road.
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Other Crypto StuffBlockchain Tech and Decentralization
In 2020, up to 82% of IP traffic will come from video, and 2/3 of network traffic will come from wireless networks and mobile devices. With the continuous evolution of video services, such as the provision of ultra high definition of 4K-8K video, virtual (VR)/augmented reality (AR), it will also promote the design of future 5G networks to better meet the needs of mobile application development. It has ultra high bandwidth and ultra low delay. At the same time, video consumption is also undergoing a series of changes: the consumption of people watching videos on TV is decreasing, the consumption of watching videos on mobile devices is increasing, the number of broadcast videos is decreasing, and the number of live videos is increasing at the same time. These changes will have a direct impact on the end-to-end network output.
Of course, all factors will put pressure on the future of 5G network performance. Whether the traditional IP network architecture can support the future 5G network performance has also become a topic of concern. Therefore, with the applying of 5G network, the innovation of IP network architecture became very imperative. As we all know, network protocol is the basis of network program, therefore, the security and connection speed of network protocol directly affect the security and performance of blockchain. However, all existing P2P protocols work above the TCP transport layer of the host side of the IPv4/IPv6 wide area network, which leads to network security gradually becoming a potentially huge problem, because the TCP/IP protocol was not fully considered when it was originally formulated. Because of its security, there are types of attacks such as IP address spoofing, source of routing attacks, and network eavesdropping in actual applications. Secondly, the IPv4/IPv6 network architecture is prone to data loss and incomplete during data transmission.
BitCherry redefined IP
To address these issues, the block chain project BitCherry was the one who firstly proposed, the block chain network protocol built on top of IPv8 technology, and defines it as P2P +.
P2P+ avoids monopoly caused by centralization
As we all know, a high degree of centralization leads to very low network security and a high degree of monopoly. While high degree of monopoly makes the entire Internet lack of vitality and the development speed will gradually decrease. In P2P+, each node is both a client and a server. In this way, you can download data from other nodes or let other nodes download data. The work provided by the large server in the original professional computer room is scattered and transferred to countless on ordinary nodes. In this case, each node only undertakes a small part of the work that originally belonged to the server. Even if a node has a problem, it can work automatically connected by other nodes. Therefore, a server problem may cause a relatively large impact (for example, the service operator has a downtime event). Once P2P+ is used, even if a few nodes or even hundreds of nodes have problems, it will not affect the operation of the network.
P2P+ saves bandwidth costs
The current Internet TCP/IP protocol will obtain content from the central data center. This method causes network congestion and low file access efficiency. However, in P2P+, the protocol works in the lower-level of IP network layer and data link layer (which can work on the host and router at the same time); because it works at the lower level and is closer to the protocol layer of the hardware device, so P2P+ It can easily penetrate any network, firewall, and network fence, greatly improving the accessibility of data transmission.
P2P has a high secure system
In today's Internet, communication between nodes relies on intermediate servers. Therefore, once the server is attacked by hackers, data privacy can easily be stolen, traded, or even made public, directly causing huge harm to users. In order to ensure the privacy of network transmission and the gateway node to make some harm, the P2P+ network protocol uses a point-to-point high-strength private key encryption technology. The transmission content is encrypted and only the receiving node can decrypt it, ensuring the confidentiality of the transmission content and node privacy. The public and private key mechanism can be used not only to encrypt the communication process, but also to authorize access through signatures. Different from the SSL certificate system and account/password method adopted by OpenSSN, P2P+ authorizes the network read/write of an 8-bit virtual IP address and recognizes it through the public key signature of the virtual IP address to prevent false IP address attacks.
The pace of commercialization of 5G is gradual, and it is now in the initial stage of development. In the future, there will be a broader imagination for the application of IP. The BitCherry as a practitioner of innovative technologies, adhering to the "innovation is king" concept, pays close attention to the development trend of the global industry, through P2P + let IPv8 applied to the broader scene to make people happy and enjoy the technology brings Extraordinary experience.
Other Crypto StuffCrypto News and Updates
Why is Troptions considered a Barter Token?
From Wikipedia, the free encyclopedia
(Redirected from Bartering)
An 1874 newspaper illustration from Harper's Weekly, showing a man engaging in barter: offering various farm produce in exchange for his yearly newspaper subscription.
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In trade, barter (derived from baretor[1]) is a system of exchange where participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money.[2] Economists distinguish barter from gift economies in many ways; barter, for example, features immediate reciprocal exchange, not delayed in time. Barter usually takes place on a bilateral basis, but may be multilateral (i.e., mediated through a trade exchange). In most developed countries, barter usually only exists parallel to monetary systems to a very limited extent. Market actors use barter as a replacement for money as the method of exchange in times of monetary crisis, such as when currency becomes unstable (e.g., hyperinflation or a deflationary spiral) or simply unavailable for conducting commerce.
No ethnographic studies have shown that any present or past society has used barter without any other medium of exchange or measurement, nor have anthropologists found evidence that money emerged from barter, instead finding that gift-giving (credit extended on a personal basis with an inter-personal balance maintained over the long term) was the most usual means of exchange of goods and services. Nevertheless, economists since the times of Adam Smith (1723â1790), taking non-specific, often wholly or inaccurately imagined pre-modern societies as examples, have used the inefficiency of barter to explain the emergence of money, of "the" economy, and hence of the discipline of economics itself.
Are barter dollars taxable?
For the IRS, estimated barter dollars are identical to real dollars for tax purposes, which means that barter arrangements are considered the same as cash payments. The barter dollars are reported as income and taxed in the fiscal year in which the barter occurred.
People have paid their Taxes with Troptions, There's a reason they call them "The King Of Coins"
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Other Crypto StuffBlockchain Tech and Decentralization
IPv8 - Explore BitCherry on IP level.
As mankind is about to move towards an intelligent, fully-connected world of Internet, Internet of Everything, is an integration of virtual and real, is to face new generations, new services, and new needs, traditional IP networks have long been unable to handle it. How to make IP networks inherit the genes of success to make it to continue the development on the basis of meeting the new needs of the future industrial Internet, and promote the digitization of the entire industry, this issue has become a common concern of the industry.
The current IP technology started in 1969 and the protocol was finalized in 1978, it nearly operated for 50 years and has achieved great success. It turned out that IP technology focused on connecting computers around the world before, mainly in the office field; later it extended to mobile internet, so all mobile phones connected by later IP technology; but for so many years, traditional IP technology has been unable to meet the rapid development of industrial internet which has a series of requirements such as low latency and security.
According to a report in the âFinancial Timesâ, Huawei, in conjunction with the Chinese Trade Union, China Telecom, and the Ministry of Industry and Information Technology, submitted a proposal called "New IP" to the International Telecommunication Union (ITU).
Huawei distributed an impressive article (titled "New IP framework and Protocol for Future Applications"). The article explains that new IP is a new Internet protocol framework which can better support emerging network applications, such as multi-network and holographic communication, etc., The new IP will fundamentally support the variable length of the network layer, multiple semantic addresses, and user-defined networks.
It is not difficult to observe that the innovation of IP network architecture has become the top priority in the current network society. The emerging technology of blockchain, relies on the Internet, whether or not will launch its own journey of âIP revolutionâ.
As we all know, the network protocol is the basis of the network program, and the peer-to-peer network is also the basis of the blockchain operation. Therefore, the security and connectivity speed of the network protocol directly affects the security and performance of the blockchain. However, all existing public P2P protocols work above the TCP transport layer of the host side of the IPv4/IPv6 wide area network, which leads to have a network security issue which is gradually becoming a potentially huge problem, because the TCP/IP protocol was not formulated with a full consideration of security at all. We should fully consider its security, so in the actual application process there wonât be attacks such as IP address spoofing, source routing attacks, network eavesdropping and so on. Secondly, the IPv4/IPv6 network architecture is prone to data loss and incomplete transmission during data transmission.
In order to solve these issues, BitCherry firstly proposed, the block chain network protocol built on IPv8 technology. In order to ensure privacy of data transmission and malicious nodes, different with the traditional P2P network protocols, The P2P+ network protocol uses a point-to-point high-strength private key encryption technology. The transmitted content is encrypted, and only the receiving node can decrypt it, ensuring the confidentiality of the transmitted content and node privacy. The public-private key mechanism can be used not only to encrypt the communication process, but also to authorize access through signatures. Unlike the SSL certificate system and account/password method adopted by OpenSSN, P2P+ authorizes network reads/writes of 8-bit virtual IP addresses and identifies them by the public key signature of the virtual IP addresses to prevent false IP address attacks.
BitCherry P2Plus work on more underlying IP network layer and the data link layer (which can work simultaneously in Host and router), so P2Plus can easily penetrate any network, firewall, and network fence, greatly improving the accessibility of data transmission.
As it can be seen above, Huawei New IP and BitCherry IPv8 have some similarities like:
1. Background: Both are based on the disadvantages of the traditional Internet, which exist in the background that the traditional Internet is unable to support the connection of massive networked subjects, has low transmission efficiency, instability, and is prone to attacks.
2. Objective: Both are committed to build a more secure, efficient, and open internet, supporting the interconnection of all networks, the interconnection of all things, and precise transmission. It has the characteristics of flexible addressing, efficient operation, safety, and efficiency.
When the reality of traditional internet increasingly becoming unstable, we believe there will be more new technologies that will build with BitCherry for a better future, we also believe, this technology of BitCherry, will become the most dazzling star. The release of new IP, will also have a more active role in the development of BitCherry, the two will work together to accelerate the upgrade of the Internet. Let us look forward to the arrival of web3.0 together!
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Other Crypto StuffBlockchain Tech and Decentralization
Nowadays Blockchain has become an important technology which promotes business development. So whoever can manage well core technologies may become the leader in this field. However, while using blockchain technology we still can experience some shortcomings. For example, most blockchain systems still adopt a single linked list structure and on chain commercial applications. The privacy and security of the company might be limited because of the performance of a single chain. So for this issue some public chain projects proposed a multi chain system structure. Unfortunately a multi chain system structure has the low efficiency between cross chain interoperability and the simple multi-chain structure. The commercial demand of monetary valued enterprises indirectly leads to some issues like: ineffective connection of traditional user groups and commercial institutions, the problem of weak liquidity, the low user trust caused by the lack of effective supervision methods in the existing blockchain. All of the problems mentioned above deeply limit the desire of enterprises in various fields to use blockchain technology.
As the worldâs first scalable blockchain infrastructure based on IPv8 technology, BitCherry has built an innovative physical layer network protocol which is P2Plus end-to-end encryption. Current innovative network protocol has already achieved some improvements like: an improved spectrum from the high scalable hash map data architecture, improved smart contracts, cross chain consensus and other operating mechanisms. The innovative network protocol can provide global businesses with a high performance, high security, and high underlying technical support. Current services might be involved in different fields like: finance, product traceability, asset digitization, commercial consumption, e-commerce, cloud computing and also in many other fields.
The article above gives a quick introduction of project- BitCherry. The detailed explanation about aBFT+PoUc consensus algorithm will be explained on the following text content.
1. aBFT+PoUc consensus mechanism
Basic consensus algorithm of aBFT
BitCherry uses a distributed blockchain system; the consensus algorithm running environment is similar to the execution environment of distributed systems. It ensures the safety and reliability of the consensus algorithm. aBFT is the basis of consensus algorithm which is fully asynchronous by BitCherry. It does not have to waste a lot of energy for PoW problems caused by nor node PoS / DPoS bugs. The system has also inherited the advantages of aBFT distributed consensus algorithm in solving the problem of fault tolerance and malicious nodes. But it also has the following shortcomings:
1. There is no complete certainty of consensus. It is just operates by timing, the probability of tampering becomes smaller and smaller, forming final certainty, so the time for consensus determination is also related to the number of nodes;
2. All nodes participating in the transaction participate in the consensus as well, this also limits the TPS of the hash graph from both the network bandwidth and the CPU/GPU computing power.
Safe and efficient consensus algorithm: aBFT+PoUc consensus mechanism
On a consensus algorithm, BitCherryâs data structure is based on the hash map. It is the block chain pioneering technology with six degrees of separation theory, which demonstrates the value of PoUc user, selects consensus nodes, optimizes the network propagation consensus process. Current system is combined with BitCherry original P2Plus network protocols, and multiple types of applications BitCherry side chains which allows to create a unique aBFT + PoUc consensus.
It is different from the DPoS method; all users can participate in the PoUc consensus. The algorithm automatically selects neighboring nodes and non-neighboring nodes to virtual voting according to the relationship graph algorithm, and refers to their weights for virtual voting. The selected nodes will receive accounting rewards. The selection rule of the neighboring endorsed nodes is based on the node network bandwidth/delay, the close centrality of the main/side chain relationship map and the nodeâs Bit-U value. The node network connection and relationship map are only calculated by level. The Bit-U value of the node is selected first; the selection rule for the large V node gives priority to the Bit-U value of the node when the node bandwidth/delay threshold is met. In the node selection process, the degree of deduplication and randomness between rounds are specified. The nodes that are repeated between two adjacent rounds do not exceed 1/3 and are randomly selected. Newly selected nodes are randomly selected according to 1/3 of the number of candidate nodes.
In simple terms, BitCherry consensus algorithm is based on aBFT, so any node that satisfy the condition (based on the unique value of Bit-U prefers the neighbor node) can participate in the process of the whole PoUc consensus and almost all important nodes in the circle will also participate in the PoUc consensus process.
2. Incentive Mechanism Bit-U
Although Hashgraph is based on the aBFT algorithm and treats all nodes equally and can be decentralized to the greatest extent, it also lacks incentives for the entire economic system. Thus, BitCherry uses Bit-U incentives, Bit-U formed by the superposition of four dimensions, the user will have any dimension obtained for excitation, the excitation multidimensional is greater. T is the time dynamics, R for the user relevance, A is for user activeness and C is for userâs contribution.
Time Dynamics T: Determined by the length of time the user holds to pass. This indicator is mainly determined by the time the user holds the pass. We believe that long-term pass holders are more credible than non-holders and have less motivation for evil.
User relevance R: It is determined by the user relationship circle and relationship activity. The relationship map includes: social relationship, e-commerce relationship, knowledge sharing relationship, and resource sharing relationship;
User Activeness A: It is composed of user online time/frequency, social activeness, transaction activeness, and sharing activeness;
User contribution C is divided into two categories:
Cloud computing mining machine resource Cm: In addition to mining participation, cloud computing mining machine resource Cm also includes: IPFS storage resources, gateway bandwidth resources, and CPU/GPU computing resources;
External interface resource Cb: External resource Cb mainly refers to the provision of external resources for the public chain, including: advertising/sales and other commercial intermediary services, arbitration/mantra services, etc., mainly for the public chain to open up information about the external physical world, the traditional Internet, and the Internet of Things , Funds, equipment, and services that goods to provide.
Other Crypto StuffBlockchain Tech and Decentralization
Since when, Cyberpunk (Cyberpunk) has become a buzzword, many young and creative workers who expressed their fond, the Cyberpunk words began to frequent appearance in the major social media, When it comes to cyberpunk, people will automatically flash brilliant blue and magenta neon lights in their minds, and electronic music singing in their ears.
Cyberpunk, as a niche subject under the category of science fiction works, originated from the concept of science fiction in cyberspace. The term Cyberspace was coined by science fiction writer William Gibson in the 1980s. It refers to virtual reality in computers and computer networks. Its original meaning also refers to computer technology, modern communication network technology, and even virtual reality. Based on the comprehensive application of technology and other information technologies, a new type of space with knowledge and information as the content. This is a virtual space created by humans for knowledge exchange. In this virtual space, humans do not have to consider race, economic privilege or prejudice brought by force, force, birthplace. In fact, I see here, I am sure you have thought of this combination "freedom + equality", it is also the block chain technology and to the center of the block chain network advocated.
In the history of mankind, the economy is an old and new eternal theme, whether in the agricultural economy and society, or in the industrial economy and society, economic development is a key factor in the healthy society can achieve sustainable development. In October 2008, an anonymous person (or organization) named Satoshi Nakamoto published a paper "Bitcoin: P2P Electronic Cash System" to the metzdowd.com mailing list. At this point, Bitcoin and the decentralized blockchain network represented by Bitcoin have been on the stage of history. The emergence of Bitcoin and decentralized blockchain networks has accelerated the digital production, distribution, and use of information. Economic development also seems to have opened a new gap in the giant door of the Internet business era.
In 2014, after Satoshi Nakamoto, another representative of the blockchain (Vitalik) discovered that Bitcoin has unsolvable limitations in its design and proposed to explore the "next generation of cryptocurrency and decentralized application platform" Ethereum for the goal. After the advent of Ethereum, its smart contracts with high versatility and flexibility have been sought after by many geeks. The transaction processing speed of Ethereum once surpassed the transaction speed of Bitcoin by 3 to 7 times. However, due to technology and insufficient, Ethernet still unable analogy with the existing centralized system on the performance, people are expecting web 2.0 to change the existing business structure, greatly enhance the productivity of the situation, after all, it is also without beginning and end.
In the "blockchain 3.0 era", too many falsehoods. The concept of blockchain technology has become a new round of opportunities for capitalists. Many public chain projects with the concept of "Blockchain 3.0" have followed the Ethereum structure, but they have not succeeded at all. Many projects in the "blockchain 3.0" era have insufficient scalability, poor security, slow implementation of the roadmap, and failure to meet expectations after the main net is launched.
Looking back at the development of the blockchain for more than ten years, there are still many difficulties in the development and application of blockchain technology and various industries, such as whether the security of the blockchain is safe, the key technology of the blockchain needs to be broken, and the blockchain and the entity industry to be the depth of integration. Based on this, BitCherry the distributed business public chain carrying its own new technology, new ideas, in order to better promote the block chain technology and industry healthy and orderly development, added to the road block chain technology development.
BitCherry based IPv8 as technology development and services in the distributed business expansion can blockchain infrastructure, innovative proposed "Blockchain Plus" advanced technology concepts, use BitCherry Blockchain Plus to improve the executable, inadequate performance governance structure and security issues. Its global community is then covered in just one year as many as 1 million + users, the technical concept in over 10 countries including China, the United States, Russia, Britain, France, Japan, Turkey, Dubai and Singapore. And more than a year of development, BitCherry also welcomed the latest progress of the project development, it is learned, BitCherry test network function has been fully developed, will soon formally launched the test network.
As we all know, can prop up a large-scale network effect is a severe test of all current public face of the chain, according to the technical white paper describing the BitCherry, high network efficiency BitCherry, and run a full node attached to the HashGraph structure to ensure there is no need to carry out heavy workload certification, which can achieve tens of thousands of transactions per second.
While providing basic blockchain services for enterprises, it can also create smart contracts and DApps according to different businesses.
It is foreseeable that this will accelerate the development, governance and operation of multi-agency business networks, as well as the smooth development of decentralized applications, and deliver value to the business exchanges between different entities in the future.
Blockchain technology development achievements mainly in supplement or extend the existing business model, BitCherry think of industrial innovation is needed is an open ecology, equality, freedom, cooperation, integration of one of the world's top resources from the capital, technology, and commerce, we will build a global ecology, promote the transformation and development of global business, and promote the transformation of the business society.
Blockchain technology is not a tool for capital solidification, but should be the key to rationally improve and enhance the space of human life scenarios. In the âcyberpunkâ setting, the urban landscape often has a large number of neon signs comparable to light pollution. This is actually an anti-human living environment for the over-development of urbanization under the capital environment. This is not what we are longing for. The real "cyberspace" should be as stated in the "Declaration of Cyber Independence":
âCyberspace consists of transactions, relationships, and thought itself, arrayed like a standing wave in the web of our communications.â
âWe are creating a world that all may enter without privilege or prejudice accorded by race, economic power, military force, or station of birth.â
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Other Crypto StuffAirdrops
Flare Networks has announced that they will distribute their long awaited token $Spark to all $XRP hodlers on a 1:1 ratio. So for each $XRP you hold you will get one $Spark in return.
$Spark is simply put a bridge connecting the $XRP ledger (XRPL) to the Ethereum $ETH blockchain so transactions could be processed there!
Here's a very interesting infographic that lists all crypto exchanges and wallets that will take part in the $Spark token distribution! Enjoy! ðĪĐðŠðŧ
Other Crypto StuffCrypto News and Updates
Interesting read about Bitcoin! The Big difference in Troptions and Bitcoin is? Troptions Holders have made Millions of Dollars in transactions buying real products and services,like real estate, cars, trucks, gems, business and more. But now Troptions Automotive Group selling cars to it holders. Troptions is a "Proof Of Use Coin" you can use daily.
Crypto expert "Ari Paul says "
"The recent rise in its price(bitcoin) is difficult to explain because bitcoin has no intrinsic value.
Bitcoin is only worth what someone will trade for it! Humm! Read for yourself"!!
Ari Paul, co-founder of BlockTower Capital and a former portfolio manager of the University of Chicago endowment, wrote in an electronic message. âIn cryptocurrency, such manipulation is extreme because of the youth of these markets and the speculative nature of the assets.â
The recent rise in its price is difficult to explain because bitcoin has no intrinsic value. Launched in 2009 with a white paper written under a pseudonym, itâs a form of digital payment maintained by an independent network of computers on the internetâ using cryptography to verify transactions. Its most fervent believers say it could displace banks and even traditional money, but itâs only worth what someone will trade for it, making it prey to big shifts in sentiment.
Troptions is a Cryptocurrency started as a barter coin which people used to trade with giving it the value as stated above "Bitcoin is only worth what someone will trade for it, same concept as Troptions, only people have given Troptions a stable value using it everyday to buy their goods and services.
Yes, Troptions is a different kind of coin and has weathered the time starting in 2004 and still going strong today. Troptions was one of the 1st "Proof Of Use Coins" on the market. To learn more about Troptions go to:
TroptionsXchange.com
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Other Crypto StuffBlockchain Tech and Decentralization
Blockchain technology is leading a new round of global technological development and industrial transformation and has become an important technical technique for global technological innovation and model innovation. Many countries regard blockchain technology as the main national development strategy. In simple terms, blockchain technology Is the future.
2020 is a year for the development of public chain projects. Now the blockchain has entered a period of contention. Many public chain projects have appeared and developed, but there are good and bad situations. Under such circumstances, this article will introduce two value of investment, growth, and practicality blockchain project, and cited compare their technology. Both projects are similar to Polkadot and BitCherry, two projects are decentralized blockchain platform, with multi-chain fragmentation and network architecture, which will share the following technical advantages of the two projects, we welcome the discussion.
The structural design of the multi-chain fragment difference between Polkadot and BitCherry
Polkadot is a heterogeneous multichain with shared security and interoperability, composed of "relay chain + parachains", based on a multi-chain and heterogeneous sharding design based on nominated proof of stake (NPoS). There will be many different consensuses and parachains of different structures in the network. Each parachains has its unique data, P2P network architecture, and shares security by linking to the relay chain. The Availability and Validity (AnV) protocol of Polkadot is what allows for the network to be efficiently shared among parachains while maintaining strong security guarantees.
BitCherry is based on technology created IPv8 expandable blockchain infrastructure, according to the actual needs of different application scenarios do segmentation data, according to different types of content to provide the appropriate side chain, the main chain is only responsible for a consensus with the main transaction of Token, The number of side chains can increase with the increase of business volume and data. Nodes of different sub-chains handle their respective businesses and based on the design of a multi-layer systematic security assurance mechanism, to resist various attacks.
Sharding is based on the hashgraph division of the relationship graph. According to the six-degree split theory, the same type of relationship is usually concentrated in the surrounding small circles, and the relationship fragments from large to small form a hash circle, so the final 96% The above transactions are carried out in the same shard, cross-shard transactions will be greatly reduced, reducing a lot of unnecessary losses.
The Consensus algorithm difference between Polkadot and BitCherry
Polkadot adopts the NPoS consensus mechanism, that is, the "nominated equity proof mechanism". Simply put, all the holders of the project pass are the nominators of the Polka Ecology, and they have the right to nominate a certain node as a validator. The validator needs to pledge a certain amount of project tokens. Once successfully nominated as an active validator, it has the right to participate in the network block production. Besides, there is another feature at the consensus level that all shard networks share security, that is, the blockchain of the shard network shares the set of validators.
BitCherry using original aBFT + PoUc consensus mechanism, namely "user value of proof", and NPoS of different ways, all users can participate PoUc consensus algorithm according to the relationship map algorithm automatically selects the neighbor node and non-contiguous node, and concerning the weight Perform virtual voting, and the selected node will receive an accounting reward.
In simple terms, the BitCherry consensus algorithm is based on an asynchronous Byzantine fault-tolerant algorithm (aBFT), so any node that satisfies the condition (based on the unique value of Bit-U prefers the neighbor node) can participate in the process of the whole network PoUc consensus And almost all important nodes will also participate in the PoUc consensus.
How Polkadot and BitCherry could against the malicious attacks and protect chain security?
Polkadot maintains every chain around Polkadot by randomly selecting verifier nodes. The larger the pool of verifiers that can be randomly selected, the fairer and safer it will be. The probability that a group of people who want to do evil will be divided together will decrease. Therefore, Polkadot Official hope to have 1000 nodes to maintain the Polkadot chain, At the same time, fisherman, as a police officer in the system, can further strengthen the security of the system by finding out the evil operations and getting rewards.
BitCherry constructs the network protocol of P2Plus in the physical layer through the technology of IPv8. The P2Plus network protocol adopts the point-to-point high-strength private key encryption technology. Only the receiving node can decrypt the transmission content after encryption, which ensures the confidentiality of the transmission content and the privacy of the node. The operation of the whole node is attached to the structure of hashgraph, which can ensure the decentralization without heavy workload proof. At the same time, it can realize the point-to-point encryption of information and ensure the privacy and security of user data in the interaction process.
Although the two projects are different in terms of network architecture, consensus algorithm and privacy security, it is undeniable that Polkadot and BitCherry both project are beginning focus on security and make enough efforts to protect the privacy security on the chain, which is very important for users of blockchain projects.
Different application scenarios targeted by Polkadot and BitCherry
Polkadot focuses on the interoperability of the blockchain network and the flow of the whole information. The final consensus of other parallel chainsïžParachainïž is provided by Polkadot, which makes it easier for the relay chain of Polkadot to record all the information of the whole network. Polkadot can directly call the intelligent contracts on other chains.
BitCherry focuses on providing customized commercial applications for different business scenarios. It solves the problem of blockchain network scalability through multi chain structure and physical fragmentation technology, by provides fully customized services and supports completely private side chains. Each side chain is a complete commercial level blockchain solution.
Polkadot's model snatches the function and value of the security protection of the native token of other chains. The chain established on Polkadot only has its own business scenario to support the market value of the currency. So, I guess a chain that wants to have autonomy may choose to build on the BitCherry network architecture. However, BitCherry is still in the early stage of technology research and development, and its main network has not been launched yet. There is no actual case in the market to verify the practical applicability of its technical concept.
Polkadot and BitCherry are both outstanding blockchain project representatives in the market at present. Both projects have distinct technical characteristics, and their different characteristics will attract different developers and users with different needs.This article only shares two blockchain projects that the author believes are forward-looking, growing, and practical. Nowadays, more potential public chain projects are springing up in the market. In the future, we will see who the winner of this public chain empire is.
How do you think?
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Other Crypto StuffCrypto Exchanges and Wallets
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Altcoins DiscussionsTRON (TRX)
New Project from USWAP exchange at Tron, stake, and farm with high APY, I stake and the income 5% daily
Altcoins DiscussionsRipple (XRP)
Why $XRP is the best #digitalasset for #payments you ask?
Here's a simple comparison chart that takes into account three criteria: #speed vs #cost vs #scalability.
Coins compared with #XRP are #BTC vs #ETH vs #BCC vs #DASH vs #LTC.
Hence the very famous hashtag: #xrpthestandardð
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Altcoins DiscussionsRipple (XRP)
The "corrupt" financial institutions system XRP haters always talk about and blame Ripple for it has existed well before we were born and will stay well after we are gone.
A system so rooted and powerful and neither crypto nor anything else for that matter can take it away. So if you can't beat them join them and see how you can improve on them from the inside and that's what XRP is trying to solve, the multi trillion dollars industry through bridging cross border payments at a fraction of the cost and fees at lightening fast speeds making the whole process frictionless and very cost effective.
XRP while perhaps might not be your typical definition of a cryptocurrency coin but as a financial instrument stands I see lots of potential in it and it can be very profitable as a long term investment paying off its holders many dozens / hundreds folds their initial investments.
The banking and financial system employs literally a dozen of millions of employees globally and many world economies have strived based on this sector alone.
Just my two satoshis...
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Altcoins DiscussionsRipple (XRP)
$XRP soaring like an eagle ðĶ
and getting to 45+ cents as we speak!
What a gorgeous and stunning day this must be for #XRP hodlers across the world! You have been patient for so long and now that patience and resilience of yours are paying off BIG TIME! XRP is in the mooning mood! ðĪĐððð
https://t.co/izRDh98vTc
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Bitcoin (BTC) DiscussionsBitcoin (BTC) Trading and Technical Analysis
People been asking me what to invest in now after the currently ongoing bullrun. Well here is my answer:
What to invest in:
Right now as in today:
XRP
ADA
LINK
DOT
Later post correction:
BTC
ETH
LTC
Disclaimer: this is not a financial advice. Please do your own due diligence and research before investing and always remember never to invest more than you can afford to lose
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Altcoins DiscussionsCardano (ADA)
#Cardano $ADA has witnessed a 21%+ surge in price those last 7 days ðĪĐðŠðŧ. #altseason is in full steam but don't forget the updates released by Cardano helped: the successful launch of #shelly #mainet, the imminent release of #Goguen and the heading towards complete #decentralization! ðð
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Altcoins DiscussionsRipple (XRP)
Almost 35% price increase for $XRP in the last 7 daysðð
! I can imagine #XRP bag holders are finding hard time to sleep and struggle with the thought FOMOing if they need to sell or not! Well I'll end your anxiety by telling you DON'T SELL SH*T! XRP is going to soar higher so #HODL! ðĪĐðŠðŧ
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