CUBE CHAIN: THE UPGRADED BLOCKCHAIN SYSTEM

elmichaels (1)(1)in #blockchain • 6 years ago

THE BLOCKCHAIN

The blockchain is a decentralised system and has redefined the internet in a whole new level. The blockchain is a system that works without central authority, it is a system that has been designed to use nodes agreement. It works in such a way that transactions are grouped together into blocks, each block contains a definite amount of transactions and are linked to the previous blocks. The blockchain has so many functionalities, compared to existing data base, the data stored in a blockchain are irreversible as they are verified in chronological order using cryptography.

Despite it uses and fuctionalities the blockchain has it technical limitations and that is where the Cube Chain comes to save the day.

THE CUBE CHAIN

The Cube chain was developed to overcome the weakness of the blockchain, it does not only connect one block to another but connects 27 blocks and combines them into a single cube.

Cube Chain can be a combination of parallel processing and functional blocks to extend the functional elements of the database through the concept of a cube instead of a block. Therefore, the development of Cube Chain will show various online services that require the developed block-chain source technology to issue the encrypted currency and require the public database.

FEATURES OF CUBE CHAIN
The features of the cube chain are listed below, these features help for faster data processing, search and organise data, securely process data using encryption keys and so much more. The first in my list is the

Cubing: It means Cube making technology that collects 27 blocks into one Cube. The 24 blocks that record the transaction book and the 3 special blocks that occur at the same time as the cubing process are merged together to create one cube.

At the same time as the data block is created, the cubing proceeds and the generated cube creates another hash value. All subsequently written books will continue to create a cube, and the Hash value will connect Cube to Cube. This is the first verification that occurs when the blocks are connected, the second verification that occurs when the cube is connected, and it has much stronger encryption technology than the existing Blockchain.

Cubing leads to the creation of special blocks known as the indexin block, statistics block and the escrow block.

Indexing Block: It helps you to organize and search the data at a glance, so you can quickly implement a specific transaction, electronic wallet list.
Statistic Block: Statistical value of all data can be sorted by purpose, and service of useful statistical data can be processed.
Escrow Block: Allows you to securely process transactions without intermediaries by securely adjusting the authorization process of senders and recipients using approved encryption keys.
POH(Proof of Hybrid)
The basic mining method of Cube Chain is coin compensation to nodes participating in the POW. However, in order to solve the problem of excessive power consumption due to excessive network resources and overheating competition of POW, POH (Proof of POW + POS hybrid) method combining POS compensation method was adopted. The POW and POS ratios start at 7: 3, increasing the POS rate over time and eventually keeping it at POS only.

THE CUBE CHAIN TOKEN (QUB)

Coin Name: Cube Chain
Token Symbol: QUB
Total Amount: 12,000,000,000 QUB
Cube Generation Cycle: 180 secs
Transaction Speed: 100 times per second
Algorithm: SHA-256
Consensus: POH (Proof of POW+POS hybrid)

The Cube Chain Token Distribution