The latest open-source blockchain platform, TechPay has tied up with LBank Exchange, a global crypto-assets trading platform. They will soon be launching ‘Photon’, the — world’s fastest blockchain that will process over 300,000 transactions within a blink of an eye.
Built on Practical Byzentine Fault Tolerance consensus, also referred to as pBFT consensus, and Proof-Of-Stake network, the soon-to-be-launched ‘Photon’ blockchain will process transactions just in a few seconds. Thus, helping crypto users enjoy the benefits of lightning speed technology that would make their transactions a lot easier and also real-time.
Founded by The TechPay Foundation, it is a technologically-rich platform that provides crypto technology users and crypto enthusiasts with an overt system. A system that would ensure decentralization and scalability of crypto transactions along with full-proof security.
As a solution-oriented service provider, TechPay Network Management Solutions aims to make a considerable impact. They plan to do so, by moving mission-critical informational and big amounts of data without any latency or human errors involved. Their leaderless architecture helps validate transactions with more certainty for a secure user experience.
It makes the go-to platform for all kinds of cryptocurrency payments. As a full-service blockchain solution, it carries out transactions in a way that improves efficiency for a more connected future. The famous crypto platform also desires to raise the standard of living of people by bringing them closer to the latest technological advancements sooner than ever.
From helping businesses overcome their shortcomings such as poor performance to traffic congestion, whatever be the size of an organization, TechPay Network Management Solutions has got their users’ back for everything.
The online network also encourages developers to come up with unique pull requests as well as code changes. They can then source some great collaborations based on the requests received. By creating, using, and customizing the blocks in their network so as to become the ultimate open-source blockchain platform.
Their soon-to-be-launched blockchain, Photon, will be quite different as compared to some other progressive blockchains such as Ethereum and Bitcoin. This is because their evolutionary crypto blockchain, Photon, will be using a completely different method of consensus. While Ethereum and Bitcoin have been recognized to be using the Proof-Of-Work mechanism, this new innovation, Photon, will be using the Proof-Of-Stake consensus mechanism. The Proof-Of-Stake mechanism is also more of a decentralized consensus mechanism, and that’s what will make a huge difference.
The open-source platform will be using the Sirius protocol for its newly launching blockchain, Photon. The EVM compatible protocol combined with the latest technology will ensure that over 300,000 transactions are completed within a fraction of seconds.
The main objective of the TechPay platform is to provide high transparency. By releasing their products on GitHub. This would give prospective users a glimpse of their work. The community-driven infrastructure of this open-source platform, developed on an open-source, also uses a proof of authority method that ultimately rewards the user.
Once Photon gets launched on the LBank Exchange, then TechPay plans on taking Photon, the world’s fastest blockchain, on other big exchanges too, in the coming months.
Release ID: 89064405