Boltchain vs. Other Public Chains vs. Private Chains
|Public Chains||Private Chains||Hybrid Public Chain|
|Bitcoin||Ethereum||POS, PBFT or POA consensus protocols||Boltchian|
|Number of Nodes||Unlimited (currently around 8k~10k)||Unlimited (currently around 8k~10k)||Limited||Unlimited|
|Achieves global consensus||Yes||Yes||No||Yes (public chain)|
|51% attack||Nearly impossible||Nearly impossible||Easily||Nearly impossible|
|TPS||≒7||≒25||1,000~2,000||>10,000,000 (public chain and boosters)|
|Blockchain Bloat Problem||No||Yes||Yes (Severely)||No|
|Compatible with centralized ecosystems||No||No||No||Yes|
|Fast Off-chain Ledger Auditing||No||No||No||Yes|
Boltchain is a Layer 2 protocal method that compresses the evidence of several transactions underchain and produces an encrypted hash value through a cross-chain protocol to the public chains such as Ethereum and Bitcoin. This will solve the problem of slow speed and lack of capacity in the public chain.
Boltchain decomposes the readable data into multiple transaction records, uses the Indexed Merkle Tree to abstract the blockchain evidence, and attachs this final evidence (the root hash form) to Ethereum, Bitcoin, etc. public chains,then the security of evidence preservation will grow exponentially with the number of public chains attached by the evidence.
Cross-chain Channel (C3)
The cross-chain channel uses an intermediary micro-service communication to two blockchains that have a Turing-complete. The micro-service can simultaneously access the information of the two-sided blockchain and has a private key to prevent the processing information from being forged.
It converts the data exchange or asset exchange conditions between the two blockchains into executable programming languages, and sets the conditional specification for the cancellation of the transaction, which will be relevant when either blockchain triggers the event.The certificate is submitted to the other party block chain for execution.
Cross-chain asset exchange :
The use of cross-chain channel and Layer 2 protocol to transfer assets from other blockchains to the Boltchain system to achieve multi-blockchain value circulation.
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