Graphene blockchain technology explained.

bdfoysal (13)in #graphene • 5 years ago

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Nowadays almost everyone in the business world has already heard about “Blockchain”, “Bitcoin”, and “Ethereum”, wondering how they all work and how companies can take advantage of their integration.

Being interested in blockchain dev and covering blockchain-related topics, here I'd like to take a look at another promising technology, called Graphene blockchain. Offering plenty of benefits, it is expected to call a wave in Graphene-based projects.

Can it handle thousands of transactions in a wink and move value fast? Can apps be built upon it? Can it potentially change the way we live? Can it call a boom in innovative business models? In speaking of Graphene, the answer is yes!

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What is Graphene blockchain

Graphene is an open-source blockchain technology, mainly written in C++. Graphene source is available in numerous variations, as it has been forked and adapted a lot of times.

There is no other known blockchain like Graphene that can even try to compete in the processing such a high number of transactions this blockchain already can. Although Bitcoin aid the foundation of a new industry, it doesn’t provide so many capabilities.

Graphene-based coins can do something Bitcoin was never capable of and will never be. And that is being a real-time value exchange system that will get mass adoption, with great apps build upon it. In any case, old technology is good to learn from.

Right now Graphene is able to push over 100,000 transactions per second, versus Ethereum, currently at around 25 transactions per second. That means around 190000 transactions per minute. And that is not in the future, it is now!

The EDC Blockchain uses the most advanced technology BitShares 2.0, based on the Graphene platform, where open source acts as a consensus mechanism.