web analytics
🥇 The Best Online Casinos Who Accept Cryptocurrency For 2020 ✔️
1st Deposit Bonus:
1 BTC
Bonus for New Players
100% MATCH BONUS
5.0 rating
5.0
1st Deposit Bonus:
100 EUR
Bonus for New Players
100% MATCH BONUS
4.8 rating
4.8
1st Deposit Bonus:
2 BTC
Bonus for New Players
100% MATCH BONUS
4.5 rating
4.5

Dragonchain test demo hits 15,000 transactions per second

“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.

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.

Dragonchain transactions
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.

Dragonchain levels
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.

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



Source: Dragonchain test demo hits 15,000 transactions per second

Leave a Reply

Your email address will not be published. Required fields are marked *

NOT REQUIRED
Bonus Code
Get 25 FREE SPINS on Book of Dead
NOT REQUIRED
Bonus Code
1.5 mBTC FREE
Valid Until: Dec 31, 2020
NOT REQUIRED
Bonus Code
100% match bonus based on first deposit of £/$/€20+. Additional bonuses.
Valid Until: Dec 24, 2019
N/A
Bonus Code
100% match bonus based on first deposit of £/$/€20+. Additional bonuses.
Valid Until: Dec 31, 2019