• 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

XRP Faces Rejection at EMA Ribbons

chest

Crypto analyst STEPHISCRYPTO highlights a rejection of XRP price at the EMA ribbons, indicating caution for near-term momentum.

user avatarAisha Farooq

Coinbase Officials Respond to Corruption Allegations

chest

Coinbase Chief Legal Officer Paul Grewal and attorney John Deaton publicly rebutted corruption claims made by Senator Murphy, highlighting perceived bias of the SEC.

user avatarTenzin Dorje

Uphold Relaunches XRP Debit Card in the US Market

chest

Uphold has relaunched its XRP Debit Card in the US, offering users rewards of up to 6% in XRP on digital asset expenditures.

user avatarBayarjavkhlan Ganbaatar

Justin Sun's Wealth Estimated Between $5 Billion and $8 Billion

chest

A comprehensive analysis estimates Justin Sun's net worth to be between $5 billion and $8 billion as of 2025, highlighting his significant holdings in cryptocurrency exchanges and assets.

user avatarMohamed Farouk

SEGG Media Unveils $300 Million Bitcoin Treasury Strategy

chest

SEGG Media announces a significant investment strategy focusing on Bitcoin and other digital assets.

user avatarElias Mukuru

Trump Calls to Reopen the US Government Amid Shutdown

chest

Former President Donald Trump urges to 'REOPEN THE GOVERNMENT' amid the ongoing US government shutdown, signaling pressure for resolution as the 2024 elections approach.

user avatarDiego Alvarez

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.