• 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

Impact of MiCA on Binance's Operations

chest

The MiCA framework is reshaping compliance and market structure for crypto exchanges like Binance.

user avatarTando Nkube

Binance Faces Regulatory Scrutiny in Europe

chest

Binance is currently facing regulatory scrutiny in Europe, risking its permission to operate in the EU due to licensing issues in Greece ahead of the MiCA deadline.

user avatarKofi Adjeman

TradingView Implements Strict Editorial Policy

chest

TradingView has recently established a strict editorial policy that focuses on accuracy, relevance, and impartiality in its reporting.

user avatarNguyen Van Long

Fidelity's Fund Aligns with GENIUS Act for Stablecoin Regulation

chest

Fidelity's Fidelity Reserves Digital Fund (FYMXX) aligns with the GENIUS Act to create a regulated market for stablecoin reserves.

user avatarJesper Sørensen

Fidelity Launches Reserves Digital Fund for Stablecoin Issuers

chest

Fidelity has launched the Fidelity Reserves Digital Fund (FYMXX), a money market fund aimed at providing compliant reserve backing for stablecoin issuers.

user avatarSatoshi Nakamura

Financial Report Utilizes Data from HKMA and HKEX

chest

A financial report has been compiled using information from the Hong Kong Monetary Authority (HKMA) and Hong Kong Exchanges and Clearing Limited (HKEX). This report aims to provide accurate insights for stakeholders in the financial sector.

user avatarRajesh Kumar

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.