• 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

Peter Schiff Challenges President Trump to a Debate on the Economy

chest

Financial commentator Peter Schiff publicly challenged President Trump to a debate on the US economy after Trump attacked him for discussing the affordability crisis.

user avatarTomas Novak

GeeFi Offers Unique Utility-Driven Features

chest

GeeFi is attracting investors with its unique utility-driven features, offering a comprehensive platform for asset management, token swapping, and chain bridging across more than 14 networks.

user avatarKaterina Papadopoulou

OpenAI's Strategic Shift to Retain AI Market Dominance

chest

OpenAI's recent strategic shift focuses on core product enhancements to maintain its dominance in the AI market.

user avatarLeo van der Veen

Coinbase's Custom M2 Index Indicates Positive Trends for Bitcoin

chest

Coinbase's Custom Global M2 Index shows a significant upward trend, suggesting a potential recovery for Bitcoin as liquidity expands.

user avatarMaya Lundqvist

Robert Pattinson Endorses RatCoin as a Future Currency

chest

Recently, actor Robert Pattinson has shown his support for RatCoin, believing it could become a unit of currency.

user avatarLi Weicheng

Apecoin Maintains Steady Market Presence

chest

Apecoin continues to perform steadily through ecosystem integrations and utility development.

user avatarGustavo Mendoza

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.