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Cover image for Innovation Inventory of Blockchain Projects: What potential does BitCherry Testnet have to help Business Development?

Innovation Inventory of Blockchain Projects: What potential does BitCherry Testnet have to help Business Development?

zenteh
Blockchain PRO Beginner
・5 min read

When you talk about blockchain, you may think of bitcoin for the first time. But in fact, blockchain and bitcoin cannot be wholly equated. Blockchain is a kind of chained data structure that combines data blocks in chronological order in sequential connection. It is a distributed ledger that cannot be alterable and forged in the course of cryptography. Blockchain can be used to verify, store, generate and update data, and ensure the security of data transmission and access, so the blockchain can be applied to all kinds of applications in theory Business scenarios.

At present, with the further expansion of blockchain technology, the value of blockchain applications has begun to highlight. The innovation of network architecture, storage engine, consensus protocol and other underlying technologies of blockchain helps various commercial enterprises realize the actual needs of blockchain application. On December 24, 2020, the first phase of the testnet of BitCherry, a distributed commercial public chain project, was officially launched for testing. As the world's first scalable blockchain infrastructure based on IPv8 technology to serve the business, BitCherry’s concept is to focus on defining and providing the most basic and key underlying network of blockchain and help traditional commercial enterprises to build a network by improving the existing technology pain points of blockchain Build a trustworthy distributed business ecological environment. This article will interpret BitCherry testnet to help you better understand BitCherry’s blockchain technology innovation and network characteristics of testnet.

What are the Technologies and Features of Bitcherry Testnet?

1.Innovative Technology Architecture based on IPv8 Protocol The existing public chain P2P protocols work above the TCP transport layer of the host side of the IPv4 / IPv6 wide area network, while BitCherry’s IPv8 protocol works within the lower IP network layer and data link layer (it can work on the host side and routers at the same time). In other words, BitCherry starts to build the protocol from the lowest physical layer, because it works at a lower layer and is closer to the hardware Therefore, P2Plus can easily penetrate any network, firewall, network fence. In short, VPN, proxy server and so on are no longer needed. Its advantages are as follows:

High performance: The transaction performance is improved by the way of horizontal fragmentation and vertical sidechain of HashRelationGraph Algorithm. The consensus nodes of the whole network are expanded to more than 100000 + and the nodes participating in consensus of each transaction are controlled within a few hundred. This can ensure the complete decentralization of BitCherry network and high TPS. Even if there are ten thousand of BCHC transactions per second, the security and stability of BitCherry network will not be affected.

Scalability: Based on the asynchronous algorithm of aBFT and relying on the capacity expansion design of vertical sidechain and horizontal fragmentation, the problem of block congestion is solved, which means that the resource occupation of phenomenal burst applications will not affect other chain applications.

Privacy security: The operation of the whole node depends on the structure of HashGraph, which can ensure the decentralization without heavy workload proof. While the value of high-speed interconnection, it can realize the point-to-point encryption of information and ensure the privacy and security of user data in the process of interaction.

The combination of blockchain and economy, landing in practical application scenarios and reaching large-scale application, is considered to be the core symbol of the arrival of blockchain 3.0 era. BitCherry distributed commercial public chain has broken through the limitation of TPS in the underlying technology. Theoretically, it can achieve infinite TPS value. With the processing capacity of second level confirmation and extremely low transaction fees, BitCherry is fully capable of supporting the actual landing of commercial blockchain applications.

2.Consensus mechanism of aBFT + PoUc to ensure the high efficiency and decentralization of network operation

In terms of consensus algorithm, BitCherry creatively combines blockchain technology with six degree segmentation theory on the basis of hashgraph data structure, proves PoUc through user value, selects consensus nodes, optimizes network consensus propagation process, and creates a unique aBFT + PoUc consensus. Different from DPoS, all users can participate in PoUc consensus. The algorithm automatically selects adjacent nodes and non-adjacent nodes according to the relationship graph algorithm and conducts virtual voting with reference to their weights. The selected nodes will get bookkeeping rewards.

Due to the uniqueness of consensus mechanism, the data circulating on BitCherry network will become decentralized, and the data circulation will get unprecedented network free environment. At the same time, compared with those traditional public chains, BitCherry’s efficiency has been greatly improved.

3.The Testnet Smart Contract Has Complete Functions and Are User Friendly to Developers

BitCherry testnet are user friendly to developers and provides developers with complete development documents and tools. In the first phase, EVM virtual machine is used to provide a secure execution link for the byte code of smart contract. It supports the development of smart contract in Solidity language and the Ethereum interface. Developers can smoothly migrate the Ethereum contract to BitCherry testnet through the interface. The official disclosed that more development languages will be supported in the subsequent stage to facilitate developers and users to build DAPP and conduct functional test on BitCherry testnet.

4.Millions of Users in The Global Community Continue to Accumulate Developer Community Resources

The success of a project is inseparable from the support of the community. BitCherry distributed commercial public chain, has reached in-depth cooperation with multinational government enterprises, and provided blockchain solutions for them. It is highly trustworthy in terms of maturity, reliability, and professionalism, and naturally has millions of seed users. Most of the success Ethereum is due to its huge developer resources. Countless developers have innovated many high-quality projects in the process of communication and collision. BitCherry as a company with technology as the core also actively deployed the construction of developer community after testing the online and set up an incentive mechanism to positively motivate the developer community. According to official information, BitCherry will launch some bug reward / hackathon activities to attract security personnel to audit BitCherry’s testnet code, eliminate some security loopholes and obtain high rewards provided by BitCherry. Feedback from developers will help BitCherry further optimize its testnet.

Conclusion Blockchain is the underlying infrastructure carrying high-value digital assets, which is difficult to land. Security, performance, and ease of use are important standards to measure the quality of the underlying infrastructure of a blockchain. At present, BitCherry’s blockchain testnet built by condensing technology, community and ecological resources has certain advantages compared with other blockchain projects. It is hoped that BitCherry can build a blockchain network that is really suitable for all kinds of business scenarios to help global business achieve innovative development.

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