What will it be like if CT is on the public blockchain?

CoinMex
CoinMex
Sep 4, 2018 · 2 min read

The public blockchain model is an economic model. CT public blockchain will be built around the exchange and the vertical public blockchain should have the basic functions of smart contract. CT thus is cooperating with some blockchain teams and figuring out how to improve the functionality and security of the public blockchain.

The problems public blockchain needs to solve:

The problems faced by any consensus mechanism include but not limited to:

1. Who should generate the next block packaging database changes?

2. When should the next block be generated?

3. What transactions should be packaged in block?

4. How to take the changed protocol into effect?

5. How to handle the conflicting transaction histories?

Our target is to find the answers for these questions and make sure the strong enough consensus to resist against the attack on the internet. During the practice, if the attackers take control, they can unilaterally change transactions. We should build strong enough consensus to resist this kind of attack which gains profits from the inconformity of databases during a short time in different computers.

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