Blockchain scalability addressed in Vietnam

During Vietnam Blockchain Week (March, 7-8) in Ho Chi Minh city Achain startup suggested an approach towards the issue
12 March 2018   368

The two-day event attracted thousands blockchain enthusiasts from all over the world. One of the most delicate issues of the technology - its scalability, was the point of interest of a special panel during the event. It is reported the panel discussion was the most heated of all.

A public blockchain Achain has come to Vietnam with actual suggestions. First of all, it has designed a new consensus algorithm - Result DPoS. It inherited the benefits of the acclaimed DPoS algorithm, but brings optimization of block generation and delegated nodes, and increases the speed of reaching the consensus among the delegates. This results in a faster Transaction Process System at Achain.

The second proposal is a so called 'forking theory'. Basically, the concept assumes a parallel system of forks cooperating as a unified system that achieves processing goals in reaction to real-world events individually.

We are trying to build a blockchain network by forking to create different functional forks or 'sub-chains' that will improve performance and create new application scenarios. Overall, we believe this is a great solution to blockchain scalability issues.

 

Kyle Lu

Partner & VP, Achain

Looking at Achain's counterparts in question (Lightning Network, Sharding, etc), they're also trying to increase capacity and performance of the platform by searching for a technical breakthrough.

Giant Mining Solar Powered Farm to Created in California

Plouton Mining will allocate solar panels on 49 acres and it's planned they should generate about 10-13 megawatts per day, working for an average of 12 hours
26 June 2019   54

Plouton Mining, a subsidiary of Plouton Group Holding, intends to open the largest Bitcoin farm in North America for mining, whose operations will be provided by solar energy. To this end, the firm chose a territory in the western part of the Mojave Desert, California.

Plouton Mining will place solar panels on 49 acres: they should generate about 10-13 megawatts per day, working for an average of 12 hours. The company stressed that Western Mojave receives sunlight for 70% of the year.

The company will also sign the necessary contracts with local electricity suppliers in order to operate the farm in the absence of solar radiation.

Meanwhile, the bitcoin hashrate has again updated the historical maximum at 66.666 EX / s.