• 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

Hidden Bullish Divergence Suggests Potential Upward Movement for Bitcoin

chest

A hidden bullish divergence in Bitcoin's chart indicates potential buying power despite recent selloff.

user avatarAisha Farooq

Globant SA Set for Recovery Amid Digital Transformation Demand

chest

Globant SA is expected to benefit from valuation normalization and the rising demand for digital consulting services.

user avatarTomas Novak

The Critical Role of Advanced Compliance in Derivative Accounting

chest

The critical role of advanced compliance in derivative accounting is essential for managing financial risks and ensuring accurate financial reporting.

user avatarMohamed Farouk

Nine Essential Methodologies for Advanced Hedge Accounting Compliance

chest

A checklist of nine critical methodologies for multinational entities and financial institutions to achieve advanced compliance in hedge accounting under IFRS 9 and ASC 815.

user avatarTenzin Dorje

The Development of the Dynamic Risk Management Model

chest

The IASB is developing a Dynamic Risk Management model to address macro hedging for financial institutions managing interest rate repricing risk.

user avatarBayarjavkhlan Ganbaatar

Integrating Hidden Costs of Homeownership

chest

Transitioning from renting to owning a home introduces numerous financial responsibilities that extend beyond the monthly mortgage payment. Homeowners must budget for ongoing costs such as maintenance, insurance, and emergency funds.

user avatarKofi Adjeman

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.