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

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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.

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