Cube Chain. Ico Review.

Cube Chain adopts POW and POS hybrid method. It increases POW the beginning stage to make the network stable and raises POS gradually to reduce the waste of resources. With Ledger, Wallet, and Escrow, Smart contracts can be implemented. It is possible to process and store more secure and accurate data through our technology called cubing, which is double verification of data.

Cubing

Cubing is a new concept of the original technology that 27 blocks are into a cube. A cube consists of 24 generated blocks which record the ledger of transactions and three special blocks. As these 27 blocks are formed simultaneously with cubing, a created cube makes one more hash value. All ledgers make a cube continually, hash value connects one cube and another one. As a block is connected to another, there is first encryption. When a cube is made, there is second encryption. With this double encryption, Cube Chain can have the most powerful encryption technology. Three special blocks are Indexing block, Statistics block, and Escrow block, they all have distinct functions.

Special Blocks

(1) Indexing Block
With the ability to organize and search data at a glance, you can quickly implement a specific transaction, e-wallet list.

(2) Statistic Block
Statistical data for all data can be organized by purpose, and statistical data service is available.

(3) Escrow Block
By using an approval encryption key, the processing approval of transmitters and recipients can happen safely. Transactions are conducted without intermediaries using transmitter approval method, recipient approval method, bilateral approval method, and automatic approval method. It is a significant characteristic that escrow is introduced only by direct inter-party transactions. Not only online shopping malls or opening markets but also being a groundbreaking way to make simple P2P transactions.

(4) Format Block
The Format Block can be used when the data format to be written to the data block needs to change flexibly. When you change the formatting information, it automatically validates the data, preventing malicious data from being included and preventing errors from users or programs.

(5) Edit Block
The irreversibility of blockchain can be an advantage and a disadvantage at the same time. It is essential for the cryptocurrency, but when data neds to be modified, other application services can quickly fix and manage modifications.