How Thingschain can impact to the future of Blockchain?

In this article, we are going to focus on exposing the new technology that will use the string of characters and in which you can reach a difference in relation to many other projects in the same field that are currently resulting in many problems.
ThingsChain is a futuristic generation platform for IoT devices based on blockchain technology. It uses a multi-layered architecture that offers a solution to the problems that current value chains have, such as the lack of scalability and the low rate of return on transactions.
ThingsChain uses a multilayer approach to store data from the IoT device. The main layer is called Webchain and the secondary layer is called NestChains. Nest service chains are layers that interact with services and have high performance. Only changes to the status every 10 minutes are updated in NestChain. Therefore, NestChain acts as the final source of truth, while WebChains stores transient information.
The goal of ThingsChain is to create a decentralized and trusted system in which transactions are similar to real-world transactions. ThingsChain succeeded in designing its network as a multilayer blockchain with a double consensus algorithm to allow transactions to be linked with additional information in the chain. Users, developers, node operators, organizations, companies, encryption exchanges, partners and other blockers and crypts can participate in the development of ThingsChain as described above. In this document, we will discuss the components of the technology used.
They have recently demonstrated a beta version of his Testnet 2, that reaches more than 300,000,000TPS (Transactions per second). When the volume of negotiation in our network increases, the Radiating Block Graphs and Cross-Chain Communication technology stabilizes the entire node system, avoiding the problems of “Network Congestion” and “Pending Transaction”, which are typical in the vast majority of block chains.
Initially, the number of transactions was not too much, so the TPS is only maintained with a low stability to guarantee the stable functioning of the whole system, besides, it also saved many electricity costs for the blockchain system. However, with the technology of Thingschain, our TPS can be adjusted completely by the number of users. To be more specific, when the volume of operations suddenly increases, with our radiant block graphics and inter-string communication technology, TPS can now increase based on the number of transactions but stabilize the entire node system and not cause “congestion”. net”. or “Pending Transaction”.
Video of the thesis of Thingschain: https://www.youtube.com/watch?v=tqjtYBOuMow
Thingschain Algorithm
“PBFT (Practical Byzantine Fault Tolerance)”

pBFT is the replication algorithm that was designed to tolerate Byzantine faults. The objective of the tolerance to the Byzantine faults is to be able to defend against them of the components of the system with or without symptoms that can prevent other components of the system from reaching an agreement between them, emphasizing that such agreement is necessary for the correct functioning of the system. The pBFT algorithm provides high-performance Byzantine state machine replication, processing thousands of requests per second with latency increases of less than one millisecond.
DAG (Directed acyclic graphics)
The key structure that makes DAGs work is a novelty. The Tangle is a particular type of targeted graph, which contains transactions. Each transaction is represented as a vertex in the graph. When a new transaction joins the mess, choose two previous transactions to approve, adding two new borders to the same chart. The use of a DAG as Radiating Block also makes the same system safer since there is no problem of attack by miners with a concentration of hash power. As each new transaction that joins the mess approves two previous transactions, there are no miners needed to verify the transactions in the system.
ThingsChain proposes to have a block chain structure created in a multilayer way. The main layer will be called WebChain and the secondary layer will be called NestChain. This structure will increase the storage capacity, processing more confirmations than transactions by second and it will provide much more security. A two-layer structure will also decrease the size of the block chain in which the nodes are needed for proper storage. Only the final transactions will be stored in the secondary chain that is NestChain. Transient transactions will be stored in WebChain and once a set of transactions is finalized, the net effect of those transactions on the state of the block chain will be updated in NestChain.
The WebChain is the main layer of ThingsChain that uses Radiating Blocks Graph. The new concept of Radiating Blocks Graph will increase the transaction rate compared to the current blockchain technology. It is considered a great improvement for the IOT industry. The WebChain uses delegated proof of the stake model as a consensus mechanism. The nodes can vote on who the block validators would be. The number of votes each node has depends on the number of tokens that have staked in the network.
NestChain is an entirely new technology idea in which the blocks are controlled by Supernode. In the Webchain, the number of blocks is high and do not follow a certain order, therefore, the necessary storage and redundant data could be enormous. Therefore, Nestchain’s main objective is to filter absolutely all the important and necessary data and then store it in the WebChain every 10 minutes. With this technology, user data will be much safer, the transaction rate will be much higher and 51% of the attacks that are made could be avoided. NestChain uses the Consensus mechanism Truth test. The consensus is that only real transactions or confirmed information are confirmed by supernodes and stored in NestChain itself.
There could be different types of NestChain for different purposes. These would be called Service Nestchains. There could be NestChains separately for different sectors. An example is for the government. Identifications of civilians can be stored in NestChains, but the government can control which civil identifiers are added to the main layer, in the WebChain. Only those identifiers that are verified by government agencies can be stored in the main layer, which is the WebChain. NestChains can be implemented for cases of medical, real estate or banking use, but only the verified data in the main layer can be updated. That is, NestChain could adapt to the use and form depending on the same purpose of its use.
Thingschain: Step out Line — Step in Chain.
✅Smartcontract: 0x72430A612Adc007c50e3b6946dBb1Bb0fd3101D1.
✅Offical Website: http://thingschain.network/
✅Whitepaper: https://thingschain.network/Official_Thingschain_Whitepaper.pdf?ver=2.2
✅Telegram Official Community: https://t.me/thingschain_group
✅Telegram Korea Community:
https://t.me/thingschain_group_kor
✅Telegram China Community:
https://t.me/thingschain_chinese
✅Telegram Official Announcement: https://t.me/TICchannel
✅Twitter: https://twitter.com/Things_chain
✅Github: https://github.com/TICnetwork
✅Talk with us: contact@thingschain.network
