What is POC Blockchain | What is POC chain | What is POC coin

POC-BLOCKCHAIN provides an efficient distributed on-chain identity, storage, and transaction system, supports smart contracts and virtual machines in multiple languages, provides two modules of core protocols and application frameworks.

The core protocol provides a POC token framework. The application framework combines the smart contracts on the chain and the off-chain front-end to interact. Hence, provides targeted solutions to the chain reform needs of different industries in the real economy.

Problem Background

The core pain point of the public chain is the balance between efficiency and security. If many nodes repeatedly confirm its information data, the security will inevitably improve, but this will damage a certain efficiency. If you do not repeatedly verify the data multiple times to improve its efficiency, the security will be reduced to a certain extent. Therefore, in the construction of the public chain, in addition to optimizing the attributes of the code as much as possible, it is more necessary to balance its efficiency and safety in a general direction.

In the future development process, the public chain has a “cross-chain” trend. After all, the capacity of a blockchain is limited. Blockchain technology is faced with obstacles such as the complexity of technical construction, limited transaction processing capabilities, centralization of miners, poor user experience, and the lack of important management methods.

Solutions And key technologies

Aiming at distributed autonomous organizations and accelerating the application of blockchain in the real economy, POC designs a double-layer open chain group architecture to support the independent operation of multiple industries and company blockchains. Each industrial ecology and enterprise can publish its own independent blockchain based on the POC public chain. The two-tier architecture includes POC public chain and POC industry chain group. Among them, the POC public chain bears the POC token, and relies on the DPoS entrusted proof-of-stake consensus mechanism to be responsible for the value consensus and transmission of the entire industry; the POC industry chain group contains the ecology of different industries and enterprises, and sets different parameters, states, and zones according to the actual situation of the industry The block structure, as well as the consensus mechanism and community governance rules, support unlimited horizontal expansion of various industries and support the development of many small and medium-sized enterprises. Different POC industry chains anchor and transfer value through cross-chain interaction with the POC public chain.

Trading is contribution

One of the core goals of the POC ecosystem is to provide assistance to SME finance. Therefore, transactions in the POC public chain and ecology can be rewarded with a certain percentage of contribution value upgrades, thereby enhancing the user’s “mining” in the POC ecosystem. speed.

Participation is contribution

Developers and users of smart contract DAPPs on the POC public chain have contributed traffic and resources to the ecology, and will also be rewarded for their contribution value based on preset smart contracts. DAPP developers promote on the POC public chain, and they also need to use tokens for clearing and settlement. In contrast, the cost invested by developers is much lower than the strength of the contribution value rewards. Facts also prove that the development of the entire ecology often exceeds expectations.

Hash lock

Hash lock technology is the implementation form of cross-chain technology proposed by the extended lightning network of the Bitcoin network. Hash lock is mainly applicable to the channel and business realization of micro-payment, corresponding to the cross-chain circulation of small-value tokens

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What is POC Blockchain | What is POC chain | What is POC coin
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