Relictum Pro blockchain: our idea and solution

About a year and a half ago, a wave of hype began to subside around the blockchain and its use in the field of cryptocurrency circulation. The hype was replaced by the realization that the blockchain is real, that it can serve as a solution to business problems in different industries, and that with its help it is possible to create new business models that improve the quality of business and expand its boundaries.

Even the leaders of large companies, skeptical of technological innovations, have recognized the importance of this technology for transforming key processes. It became clear to professionals that blockchain should be viewed more broadly — as a new way of doing business, and not just as technology, backed by decentralization tools and smart contracts.

Blockchain technology originally appeared as part of Bitcoin. The unstable position of cryptocurrencies allowed us to think about the use of blockchain in other areas, new use cases have appeared that stimulate innovation.

They began to consider blockchain not only as the driving force of a new distributed economy in the sphere of P2P, capable of creating a “brave new world”, in which intermediaries, traditional banks and brokers would be excluded.

While most organizations focus on IT solutions for use exclusively within their company and interact with partners in traditional paper form, more advanced organizations integrate blockchain into their existing business processes or, even better, create new business models of inter-corporate interactions.

The modern blockchain technology is far from perfect. The main problems of modern blockchains:

• Large block size.
• Energy consumption.
• Scalability.
• Transaction Rate.
• Organization of communication channels.
• Current P2P network organization.
• 51% attack problem.
• The problem of losing keys.

In order to solve existing problems, Relictum Pro platform proposes several changes in the architecture of the blockchain, affecting communication protocols, network infrastructure, inter-network agreements, consensus algorithms, and so on. Relictum Pro does not depend on the communication method, it is just a node, and how the message is delivered does not matter.

Stay tuned to learn more about Relictum Pro and its solutions!