Friday , February 23 2024
Home / Blockchain / Make up to 2000 transactions per second with Smart Blockchain

Make up to 2000 transactions per second with Smart Blockchain

Summary:
Smart Blockchain is a project that embodies innovation, aiming to tackle the challenges that the crypto market faces while ensuring the stability and scalability of the decentralized network. Smart Blockchain is designed to host various dapps, from digital rights and notarization services to healthcare, voting and equity-related products. Smart Blockchain’s defining feature is its impressive throughput. While other blockchain networks struggle to process a limited number of transactions per second, Smart Blockchain can handle up to 2,000 transactions every second. This speed eliminates the frustrating delays often experienced on other networks. It also boasts minimal transaction fees. The average cost of a typical transaction on this network is currently less

Topics:
Live Bitcoin News considers the following as important:

This could be interesting, too:

Live Bitcoin News writes Ethereum (ETH) Price Prediction 2024, Is 00 Possible?

Live Bitcoin News writes CrossFi Foundation Launches Million Grants for Ecosystem Development

Live Bitcoin News writes Portal Unveils Plans for Its Innovative Omnichain Liquidity Layer: A Step Closer to HyperBitcoinization

Live Bitcoin News writes Ultima Ecosystem Pioneers the Future of Decentralized Finance for All

Smart Blockchain is a project that embodies innovation, aiming to tackle the challenges that the crypto market faces while ensuring the stability and scalability of the decentralized network.

Smart Blockchain is designed to host various dapps, from digital rights and notarization services to healthcare, voting and equity-related products.

Smart Blockchain’s defining feature is its impressive throughput. While other blockchain networks struggle to process a limited number of transactions per second, Smart Blockchain can handle up to 2,000 transactions every second. This speed eliminates the frustrating delays often experienced on other networks.

It also boasts minimal transaction fees. The average cost of a typical transaction on this network is currently less than $0.000005. This level of affordability surpasses Bitcoin or Ethereum networks.

Smart Blockchain is based on the Delegated Proof of Stake (DPoS) consensus algorithm. This results in a block frequency of just 3 seconds and the ability to process a staggering 2,000 transactions per second.

Smart Blockchain’s DPoS system encourages active user participation. Smart Blockchain network has three types of nodes: a witness node, a full node, and a Solidity node. The nodes responsible for block creation are called super representatives. They pack transactions in blocks and send them to the blockchain. Full nodes provide APIs and translate transactions and blocks. Solidity nodes synchronize blocks from other full nodes and also provide indexable APIs. There are 27 super representatives in Smart Blockchain, and they change every six hours via users’ vote. This dynamic approach ensures that Smart Blockchain’s consensus mechanism remains decentralized and continually refreshed.

For developers, Smart Blockchain is a versatile platform to create and innovate. The network offers over 60 HTTP API gateways that enable developers to interact with full nodes and Solidity nodes. The SmartWeb JavaScript library simplifies the deployment of smart contracts and offers various functions, allowing developers to create decentralized applications, trade on DEXs, and more. This level of flexibility and accessibility is a dream come true for those looking to harness the power of blockchain technology.

SMART is the native coin of Smart Blockchain. With a total supply of 9,000,010,200,000 SMART and a supply limit capped at 100 trillion, SMART is the lifeblood of this network. It’s needed to make transactions or launch smart contracts. Users can conveniently store SMART in the Smart Wallet, a next-generation cryptocurrency wallet that prioritizes intuitive user interfaces, high security, and anonymity. One of its standout features is the ability to create multiple wallets within a single application, each with a unique name, and switch between them seamlessly. The Smart Wallet currently supports SMART, USDT,ULTIMA,  TRX, with plans to add other popular cryptocurrencies, such as BTC and ETH, in the future.

Smart Blockchain hosts various decentralized apps and unique crypto products. Many developers use it as a platform to run Dapps because its high throughput provides stable workflow and low transaction fees.

Smart Blockchain traces its roots back to 2016 in Switzerland, where a team of professional developers and entrepreneurs with over a decade of experience in IT products and blockchain technologies embarked on a journey to reshape the crypto landscape. Over the course of six years, their hard work and dedication led to the birth of Smart Blockchain. The project now boasts a global community of more than 2 million users from 120 countries worldwide.

With its remarkable throughput, minimal transaction fees, and active community engagement, Smart Blockchain is a testament to the limitless potential of innovation and collaborative community efforts in shaping the future of blockchain.

Leave a Reply

Your email address will not be published. Required fields are marked *