• 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

Analyst Warns of No-Trade Zone for XRP

chest

Crypto analyst Ali Charts warns traders to avoid premature positions in the XRP market until a breakout is confirmed, describing the current setup as a no-trade zone.

user avatarTomas Novak

Ethereum Price Recovery and Key Resistance Levels.

chest

Ethereum price is attempting a recovery above the 2,100 zone but faces resistance at 2,150.

user avatarKaterina Papadopoulou

Bitwise CIO Matt Hougan Bullish on Hyperliquid and HYPE Token

chest

Matt Hougan, Chief Investment Officer at Bitwise, expresses a strong bullish outlook on Hyperliquid and its token HYPE, following the launch of a new ETF.

user avatarMaya Lundqvist

CME Group to Implement 24/7 Trading for Crypto Futures Starting May 29

chest

CME Group will shift its crypto futures and options trading to a 24/7 schedule starting May 29.

user avatarLeo van der Veen

CME Sees 43% Surge in Crypto Futures Volume Amid Institutional Interest

chest

CME reports a 43% increase in crypto futures volume this year, driven by institutional interest and the upcoming launch of Nasdaq CME Crypto Index Futures on June 8.

user avatarLi Weicheng

Project Eleven and Ripple Collaborate to Secure XRP Ledger Against Quantum Threats

chest

Project Eleven has partnered with Ripple to enhance the XRP Ledger's security against quantum computing threats.

user avatarAisha Farooq

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.