Dragonchain test demo hits 15,000 transactions per second on its public network

2020-1-12 11:18

“Enterprise-first” blockchain platform Dragonchain clocked a peak performance of 15,000 transactions per second in a 24-hour performance demonstration Thursday, as reported by the company’s official Twitter account. The test occurred on its live, production network.

Dragonchain said that a quarter of a billion transactions were fully processed within the 24-hour window, making for an average throughput of 2,800 transactions per second, and peaking at 15,000 per second.

Transactions processed – Dragonchain

The results are encouraging for Dragonchain’s claims of “unlimited scalability” purportedly enabled by the platform’s unorthodox consensus mechanism, Dragon Net. Instead of running a mainnet where all nodes share a homogenous ledger, Dragon Net mandates five “levels” of nodes whereby each node (user) stands alone as its own, unique blockchain, and fulfills a certain function within the network-wide verification process.

Node, level count – Dragonchain

As a blockchain-as-a-service platform pitched at enterprises, Dragonchain describes its hybrid public/permissioned architecture as striking a balance between keeping sensitive business data private, while incorporating the security and transparency of decentralized public blockchains.

In 2018 the Seattle-based firm patented its “Interchain” system, which connects Dragonchain’s private network to a number of public blockchains including Bitcoin, Ethereum, and NEO. In practice, this mechanism gives businesses the ability to run the bulk of their operations on a private chain, and selectively publish information on a number of public blockchains.

Dragonchain Founder and CEO Joe Roets gave a nod to this after Thursday’s test demo, reporting that the 250 million transactions had been “memorialized” with the “combined security” of Bitcoin, Ethereum, Ethereum Classic, and Binance Chain.

Update @ Jan 11. at 9:01 pm Pacific time – the article title was updated to reflect the Dragonchain test occurred on its public, live production network.

The post Dragonchain test demo hits 15,000 transactions per second on its public network appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0.0066447 (+0.22%)
Объем 24H $23.046k
Изменеия 24h: -3.79 %, 7d: -15.38 %
Cегодня L: $0.006598 - H: $0.0068337
Капитализация $485.527k Rank 2077
Цена в час новости $ 0.2821 (-97.64%)

per second dragonchain transactions performance thursday 24-hour

per second → Результатов: 126


Silex Insight and Medium aim for 1 million blockchain verifications per second

Silex Insight and Medium aim for 1 million blockchain verifications per second - CryptoNinjas Silex Insight, a provider of security IP cores, and Medium Inc. , a Korean provider of blockchain and enterprise security solutions, today announced they’ve joined forces to deliver a blockchain platform with extremely high performance that can process more than 1 million signature verifications per second.

2019-10-8 15:52


Understanding PLONK

Special thanks to Justin Drake, Karl Floersch, Hsiao-wei Wang, Barry Whitehat, Dankrad Feist, Kobi Gurkan and Zac Williamson for review Very recently, Ariel Gabizon, Zac Williamson and Oana Ciobotaru announced a new general-purpose zero-knowledge proof scheme called PLONK, standing for the unwieldy quasi-backronym “Permutations over Lagrange-bases for Oecumenical Noninteractive arguments of Knowledge”.

2019-9-24 04:03


Coinbase invests in Offchain Labs’ layer 2 solution; claims to process 500+ transactions per second

The crypto ecosystem has successfully leveraged a partnership-driven approach to gain mainstream attention, with exchanges such as Coinbase and Binance primarily fueling the initiatives. Moreover, Coinbase seems to have taken the lead in this regard, as the decentralized applications company Offchain Labs announced investment from Coinbase Ventures, the investment arm of Coinbase.

2019-9-6 22:00


Offchain Labs launches Alpha of scaling solution; Coinbase invests

Offchain Labs launches Alpha of scaling solution; Coinbase invests - CryptoNinjas Offchain Labs, led by a former White House Deputy Chief of Technology and a team of U. S. -based academics, has announced the successful release of the Alpha version of its open-source Arbitrum code capable of supporting thousands of simultaneous Ethereum contracts each of which can process over 500 transactions per second.

2019-9-6 21:33