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

3 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Zcash Price Consolidation Signals Potential Breakout

Zcash (ZEC) is currently consolidating in a price range that resembles its previous breakout pattern, suggesting a potential upward movement.

user avatarZainab Kamara

Zcash Upgrades Enhance Network Functionality

Recent upgrades to the Zcash network, including NU7 and Ironwood, are expected to improve transaction speeds and security.

user avatarAndrew Smith

Analysts Predict Bullish Trend for Zcash

Analysts are observing a bullish structure forming for Zcash, with potential price targets set between 1,500 and 1,700.

user avatarJacob Williams

OKX and ICE Develop Marketplace for Tokenized Stock Trading

OKX and ICE are developing a marketplace for trading tokenized versions of US-listed stocks around the clock, utilizing stablecoins for transactions.

user avatarAyman Ben Youssef

Bitcoin Price Stabilizes Above 76,000 After Recent Decline

Bitcoin's price has stabilized above 76,000 after a significant drop, but institutional outflows raise concerns about a lasting recovery.

user avatarSon Min-ho

Crypto-Linked Companies Remain Potential Participants in Tokenization Market

Despite traditional corporations rejecting tokenization, several crypto-linked companies remain potential participants in the market.

user avatarTando Nkube

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.