talk · community record
Scaling blockchain in depth
Scaling a public blockchain has been proven to be a challenge. Now everyone understands the trade off between partial data and processing locality (delegates Proof of Stake consensus) and true distributed participation (Proof of Work). Following a brilliant idea from the original Plasma whitepaper (plasma.io) BANKEX has developed its own implementation that allows to scale an asset transfer transactions to 10k transactions per second, provides customer protection and can resolve disputes automatically through the smart contract. Here an BANKEX we believe that delegation of processing to sibling chains with possibility of dispute resolution on the patent one is a right way to solve processing speed/ distribution trade off in public ledgers