ReapChain adopts the concept of ‘Temporary Ledger’ and ‘Permanent Ledger’ from the securities industry to solve the problem of the transaction processing speed. ReapMiddleChain, a private blockchain, introduces the concept of a temporary ledger. When a transaction occurs, both sides of the transaction confirm the transaction twice (Double Confirmation)
Then the consensus is reached through a Proof of Triple Confirmation process in which one of the 10 gate nodes is the witness. The consensus result is considered pre-confirmed as it goes through a Proof of Triple Confirmation process. The pre-confirmed result is considered 99.9% reliable data and is transferred to both sides of the transaction enabling fast transaction data processing. The pre-confirmed result is then made into a block on ReapChain, a public blockchain, and is recorded in permanent ledger.
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