How genEOS Makes Dapps Truly Scalable

When it comes to scalability, most blockchains are characterized by a limited bandwidth. A finite capacity of every block, the obligatory confirmation of every transaction, and no opportunity to build side-chains are the major reasons behind this.

In its turn, genEOS can overcome these issues by delivering a scalable ready-to-use blockchain.

It Can Record Thousands of Transactions per Second

Imagine that a blockchain recording transactions is a bridge carrying cars. The wider the bridge, the more cars it can carry. Likewise, the more capable blockchain, the more transactions it can handle.

Let’s take the example of genEOS vs. Ethereum blockchains: the former can record thousands of transactions per second (TPS) while the latter is limited to only 15 TPS.

It Allows Incorporating Side-chains

Regardless of a single chain’s capacity, one day it can be insufficient for all the transactions taking place there. In the case of genEOS, the ecosystem allows adding as many side-chains as necessary to solve this problem.

Just like in the bridge example, when one bridge can’t carry all the cars, you have to build one more nearby to distribute the traffic. In the same vein, genEOS distributes transactions among all its side-chains making its bandwidth near-infinite.

It Limits Witnessing Requirements

Blockchain-based public ledgers are enabled through the witnessing of every transaction by the chains’ members. The more participants are needed to approve each transaction, the longer it takes.

Imagine that your blockchain is a kid who requires adults’ permission to go outside. It’s alright, but how much time would it take if she needs to ask all her relatives? And what if just her mum’s permission is enough?

Metaphors aside, in case of genEOS, the ecosystem limits witnessing to 21 nodes, which are sufficient to ensure reliable data storage and processing. When the blockchain scales, the number of witness nodes will remain the same, which guarantees quick monitoring regardless of the chain’s size.

An important moment here is to be confident in how reliable chosen nodes are. , The genEOS platform picks 21 of the most trustworthy nodes and reserves 10-20 more on the waiting list for witnesses. In case of any violation, the system will automatically replace corrupted nodes with more reliable ones.

When Scalability Is Key

Time-Sensitive Stock Markets

With financial applications, Visa’s processing time, which is nearly 1,700 TPS, is considered a role model. In case of genEOS, using side-chains can boost its speed to almost unlimited. It means that the genEOS blockchain’s scaling capabilities are comparatively higher.

When does it matter in particular? The answer is evident: imagine a stock market where prices change every second. Here, even a one-second lag in transaction processing may result in a dramatic financial loss.

Instant Interactions On Social Networks

Popular social networks are well-known for their lavishing user activity. For instance, Facebook’s users like 69,000 posts per second. If Facebook were built on top of a non-scalable blockchain, every interaction with the platform, e.g. photo uploading or commenting, would take quite a time. Ultimately, such sluggish processing would have a negative impact on both the experience and loyalty of the platform’s users.

In case of genEOS, it would be possible to build as many side-chains as required and thus speed up such a social network performance considerably.

Takeaways

Although the capacity of any blockchain is limited, there are ways to solve the scalability problem.

For instance, genEOS allows developing as many side-chains as required, which can then distribute and carry out a large number of transactions. When it comes to the inherent witnessing feature of its blockchain, genEOS will support fast-growing Dapps by monitoring their transactions with the help of the same 21 witness nodes regardless of the chain size.