• 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

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

SEC Moves Towards Formal Crypto Regulation

chest

The SEC is moving towards formal rulemaking for cryptocurrency firms to provide clearer guidelines and reduce uncertainty in the industry.

user avatarJesper Sørensen

Robinhood Enhances Tokenized Asset Plans with Chainlink Integration

chest

Robinhood integrates Chainlink's CCIP to enhance tokenized asset plans with robust cross-chain capabilities.

user avatarRajesh Kumar

Fidelity's Adoption of Chainlink Validates Tokenization Infrastructure

chest

Fidelity's cautious adoption of blockchain infrastructure through its integration with Chainlink serves as a significant validation of the role that oracle networks play in tokenization.

user avatarLucas Weissmann

Fidelity's FILQ Integration with Chainlink Enhances Fund Valuation Transparency

chest

Fidelity's integration of FILQ with Chainlink aims to improve the transparency and reliability of fund valuation data.

user avatarFilippo Romano

Cardano's Future Depends on Technical Upgrades

chest

The future of Cardano hinges on its ability to deliver necessary upgrades related to throughput and governance.

user avatarEmily Carter

BNB Chain Introduces New Roadmap for AI Agent Development

chest

BNB Chain has launched its Agent Studio roadmap to enhance AI agent development, providing AWS-linked deployment templates to attract builders and facilitate the creation of autonomous applications.

user avatarTomas Novak

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.