Whats is IPv8? How can IPv8 bring impact to the blockchain industry?
How can IPv8 bring impact to blockchain industry ?
If you have been following banking, investing, or cryptocurrency over the last ten years, you may be familiar with “blockchain,” the record-keeping technology behind the Bitcoin network. And there’s a good chance that it only makes so much sense. In trying to learn more about blockchain, you’ve probably encountered a definition like this: “blockchain is a distributed, decentralized, public ledger.”
Advantages of Blockchain
· Improved accuracy by removing human involvement in verification
· Cost reductions by eliminating third-party verification
· Decentralization makes it harder to tamper with
· Transactions are secure, private and efficient
· Transparent technology
Why Choose BitCherry Blockchain?
BitCherry is the world’s first commercial scalable blockchain infrastructure based on IPv8 technology, it has three characteristics: data security, efficient performance, and consensus governance. Building a ‘P2Plus’ Encryption Protocol with a new thinking of innovative physical layer, BitCherry is a general blockchain infrastructure that meets the demand of commerce. BitCherry provides the operational mechanism such as smart contract & cross-chain consensus to achieve highly scalable data architecture by hash map which is improved by the relationship atlas. This blockchain infrastructure greatly reduces development costs, provides a high-performance, high-secure, and high-available underlying public chain support for distributed commerce on the chain.
BitCherry services involve supply chain finance, asset digitalization, commercial consumption, e-commerce, distributed cloud computing, and many other fields. In the Future, BitCherry will continue to use the underlying technology advantages, improve cross-industry blockchain solutions and create a new form of joint development of the industry.
BitCherry redefined IP
To address these issues, the blockchain project BitCherry was the one who first proposed, the blockchain network protocol built on top of IPv8 technology, and defines it as P2P +.
High Performance-Comparable to “Central Server”
The adoption of ‘Hash Relationship Spectrum’in BitCherry core data structure makes it possible for the TPS of public network reaches up to 100,000 + , which is far beyond the industry standard.
The 3rd generation public ledger
Bitcoin pioneered decentralized infrastructure and Ethereum brought programmability. But earlier proof-of-work blockchains consume massive amounts of energy and process transactions slowly in order to achieve acceptable levels of security. Heavy bandwidth consumption by these technologies leads to expensive fees, even for a simple cryptocurrency transaction.
Here is a breakdown of the chart, which includes each network’s number of transactions per second data results:
1. Visa: 24,000 transactions
2. Ripple: 1,500 transactions
3. PayPal: 193 transactions
4. Bitcoin Cash: 60 transactions
5. Litecoin: 56 transactions
6. Dash: 48 transactions
7. Ethereum: 20 transactions
8. Bitcoin: 7 transactions
Meet the future contenders — 100,000+ of transactions per second
BitCherry might succeed in unleashing an unprecedented layer of transactional speed that will usher in the mass-market adoption of cryptocurrencies. BitCherry has valid reasons to build a blockchain that is robust enough to handle 100,000 + of transactions per second.
HOW TO GET BCHC TOKEN https://www.bitcherry.io/about/
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Official Website: https://www.bitcherry.io/
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