Radix DLT
The trip to Radix began in 2013 year, saw the prospects and problems of bitcoin from our founder. He knew that in order to become a new global monetary system for Bitcoin or any other crypto currency, dan needs to be scaled to meet global demand. To check whether this is possible, dan started testing to see what the scaling limits of Bitcoin are.
At the bottom, in the coding cave (which is actually pretty sweet, though it was a dirty trick on the back of Dan's house), he opened the nodes and started spamming the test network, of course, Bitcoin and block. He did everything, ranging from increasing the size of blocks to funny numbers using the best available equipment, and even make mining as cheap as possible. However, in the end, it can only reach 700-1000 operations per second (TPS).Blake. Knowing that Visa on processed 24 000 TPS and Alipay carried out more than 725 000 transactions, dan knew that these speeds would not be enough to achieve the goal of the global payment system.
Dan's next idea was as follows: If one block chain could only reach 1000 t / s, could a wide blockchain network work well? This next area of research called Blocktrees is Dan's first step in learning and understanding sharding. The theory is that different branches of the block-tree can have different synchronization states, connected transactions can be in the same branch and in transactions that are not connected in other transactions.
The importance of grouping and grouping non-related operations has been significant to ensure the effectiveness of a comprehensive solution for maintaining the accounting book. You will see it appearing again in this post because it is stored in different stages and iterations of the accounting books learned by dan and the Radix team.
At the same time, we will return to the block trees. At a time when Dan was researching, building and testing block trees, dan also used the name eMunie to describe the project, which began to attract some loyal members of the team. This allowed team members to expand their testing experience with Danga and start beta testing in more "realistic" scenarios. Unfortunately, these tests have found that several hundred TPS can be achieved before block trees have problems.
When the large branches of the Dan tree are separated in the correct position of the transaction, this leads to a higher level of load to adapt the network. This was due to an increase in the level of complexity of messages between nodes, which wanted to adjust the state of transactions. If it is necessary to perform one operation on the branch, then all operations on this branch and any branches should be aligned. Unfortunately, following the approach of the existence of transaction and mining blocks, it could not effectively solve the problems of network synchronization.
- Radix DLT Website: https://www.radixdlt.com/
- Radix DLT Medium Page: https://medium.com/@radixdlt
- Radix DLT Official Telegram: https://t.me/radix_dlt
- Radix DLT Official Twitter: https://twitter.com/RadixDLT