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New Public Blockchain Mainnet to Transform E-Commerce Platforms
A public blockchain mainnet with an intelligent and unique algorithm was launched with a TPS value of 12900, beating major and established financial enterprises.
FREMONT, CA: A brand-new Cube Chain based public blockchain, mainnet, was launched recently by a research and development platform, Cube System, whose interest lies in the blockchain domain. A unique blockchain ecosystem is what the Cube Chain is based on, powered by a self-developed technology that formulates a structure in the shape of a cube. The company calls this process cubing and defines that it is utilized to connect the cubes. The developers of the Cube Chain have designed an algorithm to construct the platform and offer various services, which are one-of-a-kind experience to the users.
The process of cubing is characterized to possess the ability to combine 27 blocks simultaneously, before creating a cube with 24 blocks of data related to transaction ledger histories. Additionally, three special cubes consisting of data index blocks, data statistics processing block, and a block with an escrow function are utilized. It enables fast searching while using blockchain with a high transaction speed per second (TPS). The test net, which is currently operating at around 12,900 TPS has demonstrated that CubeChain is quicker than both VISA and MASTER for Bank for International Settlements (BIS).
The Cube Chain platform assists applications like blockchain-based social network (Qblog), peer-to-peer transaction messenger (CubeChat), integrated login system (SignOne), AI Service Manager (ASM), and a service that authenticates the products available on its e-commerce platform (Cube Chain Product).
In addition to the services, an enhanced security vault function is developed to keep the Cube Chain safer with ironclad security. The Cube Chain Wallet provides essential features such as currency storage, transfer, and escrow trade, while allowing the creation and storage of coupon issues, tokens, and messaging options.
The latest application of the Cube Chain platform is in e-commerce, with flexibility encouraging alignment with various industries providing secure transactions and guaranteed authenticity.