What is the Graphene Technology that claims to achieve Millions of TPS?
People currently divide the blockchain ecosystem into three categories. One is the Bitcoin ecosystem, including BTC and it’s large number of bifurcated coins. As the earliest encrypted digital currency, BTC has the broadest consensus. One is the Ethernet ecosystem, which can quickly distribute Token through smart contracts and ERC20 protocols. The last one is a Graphene ecosystem, represented by BTS, Steem and EOS. Graphene technology is far ahead of BTC and ETH in terms of high concurrent processing capacity. BTS can handle 100,000-level TPS, while EOS claims reach million-level TPS in the future. What exactly is Graphene technology?
1. What is Graphene Technology?
Unlike Graphene technology of the chemical field, the Graphene blockchain described here is a blockchain underlying technology architecture developed by Cryptonomex and written in C++. The founder of Cryptonomex is Dan Larimer, the CTO of the EOS project. He has another well-known name called BM (byte master). Graphene blockchain consists of a series of libraries and executables, and can provide nodes which can be deployed distributed applications. One of the key points of Graphene technology is high modularity. The Graphene technology encapsulates the distributed communication capability between internal nodes into plugins, and then the plugins can be dynamically loaded and called by the DAPP, which greatly reduces the difficulty of development and makes it more scalable. Graphene architecture has been adopted by several blockchain projects, such as YOYOW, Gongxinbao, DECENT and so on.
2. Characteristics of Graphene Technology
Projects based on Graphene technology have the following four general characteristics. The first is a faster transfer speed. The Graphene architecture adopts DPOS (Delegated proof of stake) consensus algorithm, which greatly improves the processing speed. The second is higher transaction throughput. At present, the throughput of Graphene technology is about 3,300 pens per second under finite conditions, theoretically up to 100,000 times, and even extended to millions. The third is that Graphene technology is extremely stable. Since the development and operation of Graphene technology, there have never been obvious BUGs and no assets have been stolen. The fourth is that the projects have powerful function and is easy to operate. Taking multi-signature as an example, the BTS using Graphene technology can directly set the percentage and threshold in the operation interface. After that, the proportion of each person can be calculated quickly and the setting of multi-sign is completed.
3. Scalability of Graphene Technology
Different projects based on Graphene architecture will be modified and developed differently to meet different needs. For example, in order to make EOS better adapt to large-scale commercial applications and improve the users’ experience, EOS has developed a BFT-DPOS consensus mechanism based on the DPOS consensus mechanism, and the transaction fee has been changed to free and so on. As an important blockchain framework, Graphene technology will be applied to more and more projects in the future.
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