Relictum Pro is Successfully Fixing the Undeniable Flaws of Blockchain Technology
If there is one technology that has grabbed the attention of venture capitalists, innovators, and tech entrepreneurs around the world today, it’s blockchain. After all, there are so many ways it can be implemented- a new-age banking system in which unparalleled security protocols protect transactions, smart contracts that eliminate the need for third parties, decentralized digital IDs that can push financial inclusion, etc.
Leaders in different corners of the world have already realized the potential of blockchain technology and their efforts are in full swing to build applications that can meet the requirements of today’s needs. However, the problem is that the fundamental technology, as powerful it is, has its share of limitations that poses challenges for its implementation on a large scale.
It’s believed that some of the most significant limitations in blockchain technology can be overcome in its fifth generation, i.e., blockchain 5.0. Relictum Pro, which is based on this technology, has identified the key problems in the previous blockchain generations and designed a product that can lay the foundation for robust and scalable blockchain applications.
How is Relictum Pro Taking Blockchain to the Next Level?
A major hindrance observed in blockchain products of the current generation is the transaction rate. Today, some of the best applications that are based on blockchain 3.0 and 4.0 can achieve a rate of 900,000 transactions per second. While this is a massive improvement over blockchain 1.0 and 2.0 in which the rate peaked at ten transactions per second and 20 transactions per second, respectively, it’s not enough. Relictum Pro goes one step further by making it possible to process over 1,000,000 transactions per second with blockchain 5.0. This is a remarkable achievement as it can help to build a massive network where a large number of transactions can be processed without delay.
Blockchain is based on distributed ledger technology that makes it possible to decentralize data as all the users have access to the database, and no single entity has supreme control. Relictum Pro takes it to the next level by implementing a new network called HyperNet. It’s a virtual channel switching network that works along with the traditional Internet. Since only Relictum Pro information is transmitted across HyperNet, the transfer rate is boosted multiple times.
Apart from the features above, Relictum Pro has introduced many others that enhance security, allow interoperability, and makes it possible to build advanced applications with ease. What’s more, the product is almost ready for a formal launch, and it’s only a matter of time when the stakeholders are able to get their hands on it.
