With 7 unique characteristics, Poriot leads the blockchain 3.0 public chain innovation
The public chain, which is the underlying support for the application value of the blockchain, is the key factor that determines the development of the blockchain industry. It exists just like the iOS and Android systems in mobile phones, used to expand performance or provide service support for commercial applications. Only with the support of the public chain can the commercial application of the blockchain be truly implemented and developed.
As a typical public chain of Blockchain 3.0, Poriot has an original POR consensus mechanism and cross-chain technology, which can meet the needs of DApp carrying and interoperability in the current complex scenarios. Specifically, Poriot has 7 major technical characteristics:
(1) TPS exceeds 20,000 times per second
Blocks mainly store transaction data. Except for the block header, the maximum capacity of a single block body is BCmax (currently set to 100MB), and 1 block is generated every interval of 1 time period Tb (Tb is currently set to 5 seconds ), the number of bytes in a single transaction submitted cannot exceed Bmax (Bmax is set to 1KB), and each block can be placed in at least BCmax/Bmax = 100,000 transactions, and the lower limit of TPS = 100,000 times/5 seconds = 20,000 times /Sec. According to the 2/8 principle, the average TPS can be taken as 20,000 times/sec*4 = 80,000 times/sec.
(2) Second-level service delay
The maximum data volume of a single transaction transaction is 1KB, which supports users to directly perform transfer transactions and business transactions based on the original Poriot chain. The second level confirmation (currently set to 5 seconds, can be expanded to within 1 second), without relying on other PoW public chains. Delay (for example, the minimum delay of a single transaction of BTC requires 10 minutes) to confirm.
(3) Micro-u level ultra-low gas fee
Due to the use of 100MB large blocks (up to 100MB/1KB = 100,000 transactions can be placed), one checkpoint is set every N blocks (N>=50) and the checkpoint data is submitted to the public chain with high consensus ( The current setting is Ethereum), and its gas consumption is 1/(50*100,000) = 1/500 million of Ethereum. Based on the current average gas fee of each transaction of Ethereum, 20Usdt, Poriot’s gas fee = 20USDT/5 million = 0.000004Usdt = 4 micro usdt.
(4) Double security guarantee, which is higher than that of traditional public chains.
The Poriot chain itself adopts a pledge-based PoS mechanism and consensus algorithm, and through the development of IoT mining machine standards
Quasi-strengthen security protection, and the security level is higher than that of similar public chains; at the same time, the Poriot chain sets a checkpoint every N blocks (N>=50), and the Merkle root of N block headers and 51% or more of the accounting node The Hash with continuous signatures and bit concatenation of the previous field is written into a public chain with high consensus and support for smart contracts to ensure the security of transactions (currently adopting Ethereum); to achieve the ultimate consistency of business data and the double protection of non-tampering.
(5) Connect multiple public chains through the pipeline mechanism
Using multiple cross-chain mechanisms to couple with multiple public chains can seamlessly connect Poriot with existing and future rich blockchains. Poriot enables applications and token transactions to be seamlessly switched and flowed between Poriot and other public chains.
(6) The original POR mechanism provides resource carrying capacity for massive enterprise-level DApps
Through POR, the weight of computing resources, storage resources, network resources, Internet of Things resources, and data resources are integrated. Based on the concept of “I am for everyone, everyone is for me”, a decentralized P2P public chain network structure is constructed to support DApp The method provides easy-scalable and high-TPS resource support for the bearer of massive enterprise-level large-scale Web3 applications.
(7) Introduce the Internet of Things and data resources for the first time to create a blockchain + Internet of Things ecosystem
Mankind has entered the era of the Internet of Everything. There are more than tens of billions of Internet of Things devices all over the world. The Internet of Things has been widely used in industrial interconnection, logistics, supply chain, environmental monitoring, urban management, traceability, scientific and technological exploration and other fields. Through Internet of Things perception, big data analysis and mining, AI control and other technologies, humans continue to explore and use orderly laws in the chaotic universe; the blockchain is inherently a decentralized P2P architecture, which is a pair with the Internet of Things. The twin brothers, based on the Internet of Things resources and their perceived data, rely on the Poriot network and the rich DApps carried on it to perform calculation analysis, data storage, and network circulation, and use ZK to provide incentives based on their contributions, so that the Poriot ecosystem continues to circulate. Provide technology source power for mankind to explore the unknown.