• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Circle has obtained a patent for the technology of simultaneous block processing in blockchains

Circle has obtained a patent for the technology of simultaneous block processing in blockchains

user avatar

by Max Nevskyi

2 years ago


The American company Circle, known as the issuer of the stablecoin USDC, has patented a new technology for parallel processing of blocks in blockchain. This method, which uses data fragmentation, is aimed at improving performance in high-load software systems.

According to representatives of Circle, until now, the implementation of parallel data processing in blockchain, where each new block depends on the previous one, has been a significant challenge.

Blockchain nodes, to which cryptocurrency applications are connected, often operate unstably and are usually unable to process large volumes of data quickly. Our innovation solves this problem by providing technology for parallel data processing in blockchain with sequential verification of each block.stated in the official company announcement

The technology, which allows for the simultaneous processing of multiple information fragments with sequential block verification, was developed by Circle's Chief Engineer and Technical Director Marcus Boorstin. Boorstin noted that Circle first used this technology for processing transactions in the Solana blockchain, which has a higher throughput compared to the Ethereum network.

The concept of parallel block processing (BUIP033) was first proposed by Bitcoin Unlimited developer Peter Tschippe in October 2016 and involved creating a separate command sequence for block verification.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bybit Alpha Captures Memecoin Revival on Solana

chest

Bybit Alpha has successfully listed new memecoins and captured the recent revival in the Solana memecoin market.

user avatarRajesh Kumar

Pundi AI Launches Zero-Cost Data Annotation Initiative

chest

Pundi AI launches a decentralized platform for zero-cost data annotation, allowing users to earn tokens as rewards and enhancing the quality of AI datasets.

user avatarGustavo Mendoza

Skepticism Grows in Nigerian Tech Community Over PayPal's Return

chest

Skepticism grows in the Nigerian tech community over PayPal's return due to its history of account restrictions and failures to serve users fairly.

user avatarMiguel Rodriguez

Nigerian Users Report Ongoing Issues with PayPal After Launch

chest

Nigerian users report ongoing issues with PayPal, including account locks and verification failures, raising skepticism about the platform's commitment to resolving these problems.

user avatarLuis Flores

PayPal Launches in Nigeria, But Users Face Immediate Issues

chest

PayPal launches in Nigeria through a partnership with Paga, but users face immediate issues such as account locks and failed verification.

user avatarArif Mukhtar

Weather Damage Causes TikTok Issues for Users Across the U.S.

chest

Weather damage at an Oracle data center caused technical issues for TikTok users in the U.S.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.