Blockchain technologies provide a way to agree and maintain consensus across every member and without any central authority. There is no doubt, that tomorow day blockchains will be wide-used. However, at today point this technology has technique issues, such as not enough transactions throughput and vulnerable to spam attacks. For example, Ethereum’s network was flooded with dozens of thousands of transaction at the middle of August, 2018

Even with consensus algorithms integrated into large platforms like Ethereum and Bitcoin, they are still synchronizing just one block at a time, making them work too slow for wide-separating usage.

In order to fix these issues, Plasmium offer to use blockchain-platform based on Dynamic Bayesian Network (DBN). Plasmium is the new blockchain version — not a child branch of the existing blockchains ( Ethereum, Waves, EOS … )

Author notice:

The content below is taken from Plasmium Whitepapper with the adding of simplifying explanations https://plasmium.io/plasmium%20whitepaper%20v1.0.pdf. It’s well written, not incredibly big and nice-readable document. So if, you have 15 minutes of free time — welcome to the Whitepapper!

Further going text superficially describe pool of technologies offered by Plasmium for a complex solution of blockchain scalability.

Technologies: Dynamic Bayesian Network (DBN), Murion algorithm, Aurora Layer

DBN visual interpretation. Few-blocks forms parallel in one time. Transactions verified and processed asynchronously without the need to be approved by prior blockchain

Dynamic Bayesian Network (DBN):

To be shortly, Dynamic Bayesian Network is the system of data management, where’s a few parallel processes can describe each other without direct link between them. This technology is used in AI-learning field and by NASA on space reseacrh and planning of space-flights.

So, because there is no need to link each transaction within a single block, the core blockchain layer can consist of a few parallel chains at the same time and able to process up to 200,000 transactions per second with all the properties we do like in the blockchain technology.

Murion algorithm

It is intended for clarity and simplicity with each node being able to freely create new asynchronous events at the same time. This technology never been used before in another blockchain-networks.

Murion algorithm letting each node create parallel blocks and send messages to each other, where in this new information exchange creates a solid new chain. This clear messaging protocol is able to create a bet, when node messages are sent and received they are always kept in that order within the event blocks.

Aurora Layer

Plasmium is aimed to create compatibility across all the transaction globally through the implementation of a fast DBN technology. But it also need to entry of additional infrastructure elements i.e. Aurora Layer.

Aurora is the helpful layer used to record constantly changing, detailed information, such as distribution history information. This component will perform the same functions as already familiar to us — Hash. Aurora Layer will protect generated blocks from unauthorized modifing or deleting.

Usage Tiers

Plasmium blockchain support smart contract which can be used by finance, telecommunications, electric vehicle provisions and logistics companies in their bussiness processes.

The platform is open-source and able for the upbuilding of decentralized applications (DApps) on wide-separated language, such as Ryby.

Wherein blockchain scaleability issues will be minimised through innovative software which was designed to establish digital trust across all users and to allow the transfer of value between entities over the network.

…

Information references belong to Plasmium.io