Relictum Pro (Blockchain 5.0), Latest Generation of Blockchain
Relictum is a decentralized platform of the new generation with distributed storage, 100% reliable and secure electronic data circulation environment
Introduction:
This article will provide a comprehensive introduction to Relictum. We will first explain about blockchain technology, its different generations and its benefits, and then focus on Relictum Pro project.
What is Blockchain?
Blockchain is a brilliant invention, the brainchild of a person or group of people known as Satoshi Nakamoto. But since blockchain was first introduced, the technology has become a huge entity, and the main question for many people is what is a blockchain
Blockchain technology created the backbone of the Internet by making it possible to distribute digital information without copying it. Originally designed for bitcoin digital currency, the tech community is now finding other potential uses for the technology
Blockchain is a decentralized technology. Everything that happens on it comes from the performance of the network as a whole. This feature is widely used. By developing a new way of looking at transactions, some aspects of traditional trading will lose their relevance. For example, stock exchanges can be blacklisted at the same time — or a variety of audits, such as land registration, can be generalized. Decentralization is now a reality
Bitcoin has been called “digital gold” and there are good reasons for that. Blockchain can create other types of digital value. Like the Internet (or the car), you don’t need to know how it works to use Blackjack. However, having first-hand knowledge of this new technology will show you why it’s a revolution
Bitcoin is a global computer network that uses blockchain technology to manage databases that record bitcoin transactions. Bitcoin is run by its network, not a central authority. This means that the network acts as a peer-to-peer
Some important advantages of Blockchain:
· Supply Chain Management
One very useful blockchain application in China is supply chain management. For supply chain management, blockchain technology offers the benefits of traceability and cost efficiency. Simply put, a Blockchain can be used to track the route of goods, origin, cost savings, and so on. This brings a new level of transparency to B2B ecosystems — streamlining processes such as ownership transfer, guarantees of production process and payment
· Quality guarantee
If a fault is detected somewhere in the supply chain, a Blockchain system can guide you to all the major pathways leading to the fault. This makes it easier for businesses to conduct research and timely inquiries
The practical example is in the food sector, where source tracking, production serial information and other details of product quality assurance and safety are crucial
· Accounting
Transactions recorded through the Blockchain virtually eliminate human error and protect information from possible manipulation. Note that all records must be verified every time they move from one block node to the next node. In addition to being accurate, your records can be tracked like a high-level audit process
· Smart contract
The smart contract is a high-value blockchain application. Long-term contracting can undermine the growth of a business, especially for companies that run a continuous communication process. With smart contracts, agreements can be automatically verified, signed, and executed through a Chinese blockchain structure. This eliminates the need for intermediaries and thus will save the company time and money
· Election
Just like supply chain management, the promise of blockchain in various aspects of the election seems credible. Opportunities for government elections are currently being pursued. For example, the Moscow government’s initiative to examine the effectiveness of the Chinese bloc in local elections can be cited. Doing so is likely to significantly reduce election fraud, which is an important issue in the current electronic voting system
· Stock Exchange
The idea of using blockchain technology for trading securities and commodities is under investigation. Given the reliable nature of China’s blockchain systems, it is not surprising that the securities exchange is now recognizing it as the next big leap.
· Energy supply
In certain parts of the world, businesses and households can now use China’s Transactive Grid block to activate sustainable energy and use its solutions. Examples include Powerpeers in the Netherlands and Exergy in Brooklyn. The Blockchain can also be used to improve clean energy tracking. Most importantly, when electricity is sent to the grid, no one can really detect that it is produced by fossil fuels, solar energy or wind
· Global peer to peer trading
Ultimately, the sudden increase in the volume of the bitcoin market and any other ramshackle in the market is not without merit. For a fast, secure and inexpensive transfer that was activated worldwide
While there are now many services such as PayPal that process international payments, they usually incur significant costs for each transaction. Other P2P payment services also have certain restrictions such as location restrictions and minimum transfer fees. That is why more businesses as well as ordinary users prefer to use farms for international transfers. Not only do they generally have better security, but they also give users more freedom in moving their funds. It is clear that the Blockchain has and will have many applications in industries other than rams.
The evolution of different generations of blockchain
· First Generation Blackjack (Bitcoin and Digital Currency)
The idea behind the creation of the first generation of blockchain was to solve major problems such as decentralized digital currency production, and its first use in the financial arena. In fact, the main purpose of bitcoin developers was to create a currency that could be used to transfer funds from one person to another without any intermediary entity.
The technology used without the presence of a third party to quickly and safely exchange money between two people was an amazing invention in its own right. Blockchain was responsible for transferring ownership of data and recording transactions, and Bitcoin accomplished this by creating a peer-to-peer network without trust. Based on this, the first generation of Blackjack has been created with a focus on transferring value, keeping the head office and providing an ideal payment system. Bitcoin, Light Quin, Monroe and Desh are examples of the first generation of Blackjack.
· **Second Generation Blockchain (Ethereum and Smart Contracts)
The second-generation focus of Blockchain is on asset retention in the Blockchain network. The second generation of blockchain introduced smart contracts and enabled customizable transactions based on the needs of the parties. Also in this generation anyone can issue shares in the blockchain platform. These shares can be used to earn profits or to grant voting rights to their owners. This is fully consistent with the current trend of collective capital and sharing economy.
The second generation of blockchain uses the idea of recording transactions on the blockchain sample and extending it to other programming languages. Digital currencies Atrium, Classic Atrium, Neo and QTUM are examples of this generation.
· Third Generation Blockchain (Connection Between Blockchain)
One of the most important problems of the second generation of Blackchain was the issue of scalability. Token scalability in the third generation of blockchain has been eliminated by improving transaction per minute, resource allocation and data scaling. In the third generation, different blockchains are allowed to interact and exchange a set of information. In this generation it is also possible to define different layers for managing transactions, performing transactions and communicating with other blockchains. This layer-by-layer performance enhances security, reduces speed, and disrupts blockchain performance, which is one of the most important problems with the second generation of atrium blockchain when launching a new token.
· Fourth Generation Blockchain
The first three generations have been pivotal in increasing the scope of blockchain’s applicability, but there remained challenges (e.g. complexity, cost) that hindered widespread adoption.
Fourth generation blockchains resolve prior challenges and enable trust in easy-to-consume ways, accelerating the formation, operation, and reconfiguration of business networks. In addition to greater ease of onboarding, these lower cost, and highly scalable platforms make pragmatic trade-offs such as recognizing that not all transactions are created equal. For example, a variable consensus mechanism will allow you to incur different transaction time and cost when buying a cup of coffee when compared to buying a house.
Fourth generation Blockchain platforms like Insolar2 and Aergo, are enabling business networks to be easier to use through business-oriented interfaces that hide the complexity of the underlying blockchain technology. It is this moment in the evolution of blockchain technology–where we stop talking about blockchain and just start using it– that we believe will spark the true disruptive potential of blockchain.
· Relictum Pro (Blockchain 5.0), latest generation of blockchain
The “Relictum Pro” project is the fifth generation of bolachin, the latest generation of this innovative technology. Relictum Pro significantly removes some of the major shortcomings of previous generations of blockchain and provides a context that can be exploited to create brilliant applications in the future. In total, Relictum project is a full-fledged platform capable of public and private activity for public, commercial and private activities. According to the project white paper, its block size is 8,000 times smaller than bitcoin and allows for 1 million transactions per second. A smart contract in Relictum Pro can be reached with 10 counterparties, a unique feature not yet available in any other blockchain network.
One of the areas that Relictum Pro can rebuild and redefine is telecommunications. Here are some ways to do this:
- Decentralized VoIP (Voice over Internet)
VoIP means voice over Internet protocol (or network platform), which allows users to talk on digital systems. VoIP protocol has become one of the most popular means of mass communication today. This is because it is much cheaper to make calls with cell phones, and also easier because the internet connection has always been widespread. However, current solutions are based on a centralized system that directs signals based on received requests, just like a regular telephone operator. Relictum Pro can replace the system with a distributed network that is common to all network users. This can eliminate the cost of routing, as paths are already based on distributed ledger technology. Since data transfer speeds are high, the quality of voice calls can also be significantly improved.
- Communication security
The communications industry is booming today — this cannot be denied. However, at the same time, users are worried that large corporations and social networks like Twitter will collect and sell their personal data to third parties. Relictum Pro can solve this problem by providing a scalable system where confidential information is only available to users with their private keys.
- Bandwidth optimization
Relictum Pro can also provide a great solution for content delivery networks (CDNs) worldwide. Because it creates virtual sites on top of traditional internet sites, data can be transmitted in paths with minimal resistance. In addition, you can set maximum security since data is accessible through private keys that are securely stored by users.
Relictum Pro is one of the most advanced blockchain 5.0 operating systems and has many applications that provide a solid foundation. Telecommunications are just one area that can lead to revolution. There are many other industries that can make use of its capabilities.
Relictum Network Technical Parameters
Relictum cannot be compared with existing projects due to the use of a communication method such as HyperNet , which, at the moment, is not mastered by anyone else.
- Hypernet — 4-dimensional network of switching virtual channels.
- Multidimensional organization of chains of smart contracts with instant access (work with several blockchains) .
- A global platform for formalizing all events in the economic and everyday activities of people and states.
- The speed of delivery of a message (block) to each Node, or performance, is from 100,000 TPS ( “Transactions-per-second” is an ambiguous number that approximately reflects the real quality of the service provided to users ).
- Dynamic chains ( dynamic block size — the boundary size changes by itself, depending on the volume of transactions at a particular point in time. A network built on a blockchain and using dynamic block size is less likely to slow down) .
- Hierarchy of Roles Nod . (The rules of role-based access control are more flexible, increase information security, authentication).
- Network regeneration ( network restoration — a set of actions performed to resume the operation of an information network after a violation of its normal functioning).
- The elimination of ambiguities (reduces the effect of contention of flows and guarantees the uniqueness of the solution when repeating calculations. To achieve uniqueness, the need for additional computational schemes disappears) .
- Scalability . It differs in that the binary files of the portfolios are absolutely identical. During initialization, the Node automatically determines its status (role) or the owner can manually change the role at any time.
- Distributed storage . Inevitably, the need arises to create a distributed repository, since a simple hashing of the events of signing digital documents does not ensure the storage of the content itself and the subsequent provision of the document both privately and in shared form.
- Clock time synchronization .
- Using an ideal random number generator based on obtaining data (samples — the reduced energy of each pixel) of the relic background of radio emission (quantization).
- Checking the integrity of the binary file, both in stationary mode and loaded in memory, must be performed by external resources.
- Three-level circuit integrity check. It consists in obtaining a hash, a complete hash, a hash at intervals, a checksum.
Project team
With regards to the team project relictum, then there is a very strong core team.
Project Roadmap
In the picture below, the project roadmap gas been described:
Token Economics:
Official Resources:
○ Website: https://relictum.pro/
○ Medium: https://medium.com/@relictumpro
○ Whitepaper: https://relictum.pro/cabinet/docs/whitepaper_en.pdf
○ Telegram: https://t.me/Relictum_Pro_Official
○ Youtube: https://www.youtube.com/channel/UCvj6aITqEO76WXPgwfjzfYw
○ Linkedin: https://www.linkedin.com/company/relictumpro
○ Instagram: https://www.instagram.com/relictum.pro/
Authors info:Authorship
Bitcointalk Username: imole17
Bitcointalk Profile:https://bitcointalk.org/index.php?action=profile;u=2800253