China, Xianggang, Guiqing – 05-14-2020 (PRDistribution.com) — Both Bitcoin and Ether Square are facing issues of scalability and transaction delays due to the rapid growth of users and transactions. Basically, the cause is the single-chain structure of the current blockchain system, which makes many good projects lack sufficient flexibility in the face of these problems, and the development of blockchain in the Internet of Things, a naturally applicable field, is also difficult.
In order to solve these problems and better combine the blockchain with the Internet of Things technology, after continuous exploration and demonstration, BigBang Core appeared. BigBang Core is a safe, stable, efficient, and unrestricted system designed a complete set of solutions for the characteristics of IoT business:
1-Dendritic Node Structure
BigBang Core solves the scalability problem of single-chain structure by using the “secure main chain + multiple application branches” dendritic structure to store arranged nodes, which can be forked to form multiple branches according to business type and data load. Blocks between branches are independent of each other, and new nodes are only related to their own branch data. In the case of multiple branches, the resulting scalability and high concurrency can be distributed across multiple branching blocks depending on the traffic of the business data, and the resulting scalability and high concurrency is exactly the basic performance required by an IoT system.
2-Infinite TPS Extensions
The more branch nodes on the BigBang Core, the higher the TPS that the system can carry, and if enough branch nodes are applied, the BigBang Core as a whole can achieve tens or even billions of TPS carry. The full TPS performance is the sum of the TPS of the branch performance *n branched: 5200*n, the theory can reach unlimited TPS expansion, and the cross-chain transactions between the branch chains are also seconds.
3-PoW+DPoS Hybrid Consensus for Host Networks
It prevents the disadvantages of the main net strike caused by node betrayal left behind by a single DPoS consensus. PoW can work continuously in case of a DPoS strike and help to decentralize Token. PoW as a complement to DPoS consensus nodes, each round of the DPoS negotiation process has some probability to give the first blocking rights to the PoW consensus. The lower the number of Token involved in the DPoS process, the lower the security and reliability of the DPoS consensus, in which case the higher the probability of obtaining block rights through PoW consensus, the more the mixed consensus mechanism enhances the system security and reliability.
UTXO’s solution is as simple as it gets: it identifies only the transaction itself, which is a great advantage:
1. UTXO cannot be divided, but only consumed, and the separate data structure significantly reduces the amount of computation.
2. UTXO is used in conjunction with the address and has a natural anonymity to ensure the security of the account.
3. Because of the existence of the address, the destruction and generation of UTXO are traceable and difficult to forge.
BigBang Core uses the Bitcoin-compatible UTXO model as the underlying data structure, greatly enhancing the security of users’ digital assets.
Cross-branch transactions can be used to implement synchronous value exchange between BigBang Core branch nodes without trust. Token exchange between branch chains can be implemented. On the one hand, cross-branch transactions can be completed without trust, using technical principles to ensure fairness to both parties. On the other hand, cross-branch transactions are synchronized between the two branch chains into blocks, ensuring efficiency and effectiveness. This provides good underlying technology support for applications including decentralized exchanges, Token exchange gateways, etc.
6-Deep Integration of the System With AWS IoT
Security and authentication services authenticate BigBang Core IoT devices, and the rules engine performs batch management operations on the devices, addressing high concurrency issues with IoT sensors and data storage and distribution issues with IoT sensors at a low cost.
7-High Performance Definable Templates
Its templates are a simplification of scripting or smart contracts, more efficient and secure. They are static addresses with parameters, are intermediate addresses for business processes, and are used to adapt to the high-performance needs of the Internet of Things, eschewing the drawbacks of attacks against smart contract virtual machines.
8-LWS Intermediate Service Level
LWS stands for light wallet service and is a bridge between the BigBang Core public blockchain backbone and the endpoint data collection sensor devices. It solves the pain point of blockchain data storage: the distribution and management of encrypted data, the BigBang Core wallet’s block and transaction data is updated and cached in time in LWS’s own high-speed in-memory and local databases, with fast access to the wallet and DAPP, and the data can be completely offline.
9-Supporting for Super Nodes
The BigBang Core super node cluster allows multiple and efficient cross-chain transactions between super node clusters without additional design. The BigBang Core super node can support countless parallel blocks of sub-chains and the blocks can be stored in a distributed manner. The super node can expand sub-chain nodes infinitely, solving the single point performance bottleneck to achieve unlimited TPS expansion.
As the infrastructure of the IoT, BigBang Core will establish multi-entity device node trust and data interoperability in a heterogeneous environment, building a stable and reliable technology foundation for the more complex business model of the future IoT. When BigBang Core is integrated into every field, and into thousands of households, we will enter the door of this “new world of freedom and independence under mutual trust and sharing”.
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