This 3rd generation public blockchain provides a solution to the impossible triangle dilemma with breakthrough technology for unprecedented, exponential scalability
“Scalability refers to a blockchain’s ability to provide a rich experience for users independent of how many users have this experience”, as it was so succinctly defined and it remains the million-dollar question for blockchain visionaries and architects.
Blockchain technology continues to provide innovation as it completely capsizes centralization which gives it major value in financial, security, information, and other critical sectors in need of disruption. It also faces its own host of challenges, primarily:
- Successful implementation
- A precise balance of security, performance, and decentralization
- Lower transaction fees
Other key ingredients needed for success include improved response time and more efficient resource distribution as global blockchain transactions continue to ramp up uninhibited while an efficient system for meeting the surge in user activity remains nowhere in sight.
Fine-tuning key metrics for enhanced output
Blackpearl.Chain is a fully decentralized 3rd generation public blockchain capable of accommodating 7 billion users and 10 trillion devices through a proprietary VRF lightning consensus (pairing of inputs with random outputs) which boasts a transaction speed of 3 seconds or less.
This extremely quick consensus method will facilitate the exponential scalability required to meet the demands of even industrial-scale applications.
The VRF lightning consensus algorithm benefits from being immune to potential manipulation or monopolization as it randomly determines node election. It is also much less resource-demanding when compared to common consensus systems such as POW or POS, resulting in lower transaction costs through more efficient node management and allocation.
Blockchain innovators are well aware of the current limitations as many popular chains are heavily congested due to the amount of traffic, which places a major strain on resources and results in slower transaction times which is further exacerbated by high transaction costs.
For example, despite Bitcoin’s massive popularity, the chain is marked by a roughly 7tps, a measly output considering the enormous amounts of daily transactions. The BPL Chain attained 440,000 on the currently running lab internal Testnet with much higher figures in the millions expected from the mainnet, which is expected to be released in Q2 2020.
Advanced tools for efficiency
In order to leap the giants and become an industry leader, BlackPearl.Chain features intelligent three-layer sharding that is capable of automatic sharding and merging of transaction data into separate shards to deliver virtually unlimited transaction speeds as the node network grows by leaps and bounds.
To illustrate the major potential of this sharding feature, Blackpearl.Chain managed to run 400 million Bitcoin transactions in just 15 hours through a single shard. According to the team, 1000 shards can complete the same task in just 1 minute as the introduction of nodes results in massive increases in the system’s computational and processing power.
Blackpearl.Chain has also minimized hardware demands for prospective nodes, which will help diversify and increase the node ecosystem as well as multiply the system’s capabilities several times over due to this unique synergy with the chain’s innovative sharding features.
Finally, by providing much lower gas fees than the industry standards, BlackPearl.Chain can be effectively incorporated by industrial-scale operations with a custom-tailored and market-ready blockchain for all their needs.
Blackpearl.Chain has already garnered significant interest in their product and the highly accomplished team behind it, and these visionaries have put forth a highly compelling solution to the current shortcomings with a fully scalable, well-balanced chain capable of unrivaled transaction capabilities which will provide major value for industries in dire need of innovation.
Join the IEO July 25: https://www.probit.com/en-us/ieo