Locus Chain, submits 2 patent applications related to Dynamic Sharding
Locus Chain, submitted 2 patent applications related to the world’s first Dynamic sharding technology
Dynamic sharding technology is indispensable for large-scale global use
Few years ahead of the curve compared to other major blockchain technologies... Expected to be recognized globally
Bloom Technology, the developer of Locus Chain, a high-speed decentralized blockchain, completed the submission of 2 patent applications in June 2022 out of 6 patents currently being prepared in connection with dynamic sharding technology, which is currently in the final stages of development.
The 2 technology patents submmitted are, “Intershard Transaction System and Method in Blockchain Network” and “Working Shard Change System and Method of Account in Blockchain Network”. Both are related to intershard transaction system and method in blockchain network. More specifically, it relates to a system and method of changing a shard belonging (walking shard) of any account to another shard in a blockchain network that applies dynamic sharding technology, and is the underlying technology of dynamic sharding that ensures maximum scalability.
Also, Bloom Technology will register additional related technology patents every month to complete the registration of 6 applications for dynamic sharding technology patents within the year.
The recent collapse in the value of cryptocurrencies as a whole of blockchain may have been caused by external factors, but fundamentally, given that blockchain technology is not yet used in any other way than the DeFi ecosystem such as deposits and loans, it can be said that it has revealed the limitations of a currency that has no real use.
The reason why the actual use of cryptocurrencies is sluggish is that all blockchain platforms have yet to secure true scalability that can be used in practice. Many of the consortium blockchains, thought they could secure the processing speed by damaging decentralization, but they too were not an alternative. As transactions increase, Clayton and Solana’s server frequently went down by DeFi transaction alone, system requirements of nodes got higher, and the cost of transaction processing also increased, revealing limitations such as higher transaction fees.
In fact, everyone knew the solution. The emerge of a Blockchain technology that satisfies decentralization and scalability at the same time to form an ecosystem, and to be used in numerous fields. Then, even if a little shock comes from some small events, the blockchain ecosystem will gain the scalability and creditability that can be passed without any problems as a whole.
Locus Chain is a fully decentralized, high-speed public blockchain that has been developed for many years now, and is the world’s first to solve the problem of decentralization and scalability. The proprietary technologies that have made this possible includes the ledger’s verifiable system (Verifiable Pruning), the BFT consensus DAG-AWTC ledger system, and dynamic sharding.
Of these technologies, ‘Verifiable Pruning’ and DAG-AWTC Ledger System, have been patented domestically, and last year they completed the registration of international patent applications in 8 countries around the world, including the United States, the European Union (EU), China, the United Kingdom, Russia, Australia, Canada, and Japan.
The patent application submitted ‘Intershard Transaction System and Method in Blockchain Network’ and ‘Working Shard Change System and Method of Account in Blockchain Network’ are about dynamic sharding, which is one of Bloom Technology’s proprietary technologies, and in particular, the network dynamic sharding technology was developed for the first time in the world.
By registering a patent application for dynamic sharding, the world’s first technology, Locus Chain is demonstrating that it is well prepared to go beyond the limits of the existing blockchain and usher in a new era of practical application and use as an essential infrastructure in all fields.