Blockchain

What is the IQONIQ Blockchain Network ?

The IQONIQ Blockchain is the deecentralized network that facilitates the transaction on a real-time basis with visibility on the documentation on a real-time basis as well. The distributed ledget technology makes the documents sharing more transparent and secured. The transactions which involved a lot of trusted parties and documents can be transacted Blockchain technology.

IQONIQ Blockchain works on a decentralized network. A decentralized network consists of peers that can run independently of each other. The power to transmit information is distributed among a network of servers, instead of being driven from one primary source.

This means that the IQONIQ Blockchain is independent of multiple entities and work on a single entity. The idea is to have as many independent servers participate in the network as possible so that the network will still run successfully even if some servers fail.

The ledger within IQONIQ Blockchain records lists of all the balances and transactions in a similar way to that of the traditional ledger. A complete copy of the individual ledger is hosted on each server that runs IQONIQ Blockchain. Any entity can run the IQONIQ Blockchain server. The servers all together form a decentralized network, allowing the ledgers to be distributed as much as possible.

Features of the IQONIQ
Blockchain Network

3000

De-coupled web service & Multithreaded Response supporting 100000 concurrent service executions per second

Multiple nodes supporting Horizontal Scaling

Caching enabled on the request node.

AES-256 Encryption support with MD5 for data decryption.

Exchange maintains the Private & Public keys with Oracle in separate instances.

FBFT (Forward Byzantine Fault Tolerance) Algorithm

Blockchain

Blockchain

The challenges in the current market scenario, especially in disruptive technology, can be addressed with IQONIQ Blockchain, the Blockchain technology platform on which IQONIQ Remit, the remittance product operates.

Public Blockchain

  • No control over data
    No control over data
  • Limited Privacy
    Limited Privacy
  • Limited scalability
    Limited scalability
  • Security breaches
    Security breaches
  • Low-speed transactions
    Low-speed transactions
  • Lack of governance and standards
    Lack of governance and standards
  • High environmental cost
    High environmental cost

VS

IQONIQ Private Blockchain

  • Control over data
  • Enterprise permissioned
  • Better scalability
  • More secure
  • Faster transactions (Current 3000TPS)
  • Compliancec Support
  • Consensus More Efficient (less nodes)

©️ IQONIQ FanEcosystem OÜ All rights reserved. All other company names, brand names and logos are property of their respective owners. The images shown are for illustration purposes only and may not be an exact representation of the brands, clubs and idols. IQONIQ reserves the right to change product, brands, clubs and idol images and specifications at any time without notice.

©️ IQONIQ FanEcosystem OÜ All rights reserved. All other company names, brand names and logos are property of their respective owners. The images shown are for illustration purposes only and may not be an exact representation of the brands, clubs and idols. IQONIQ reserves the right to change product, brands, clubs and idol images and specifications at any time without notice.