Graphene is a technology that was developed by Dan Larimer and is used in the crypto industry to create high-performance blockchains. It offers a number of advantages over traditional blockchain platforms, such as:
- High throughput: Graphene can process a large number of transactions per second, making it suitable for creating decentralized applications (dApps) with high load.
- Scalability: The technology easily adapts to growing needs, allowing it to support large networks and a large number of users.
- Efficiency: Graphene is optimized for energy efficiency, which reduces its maintenance costs.
- Flexibility: The technology allows you to create different types of blockchains adapted to specific tasks.
How does Graphene work?
Graphene uses a number of innovative technologies, such as:
- Delegated Proof of Stake (DPoS): A consensus algorithm that allows you to select a small group of delegates to confirm transactions, which significantly speeds up the process.
- Account graphs: A data structure that optimizes the storage of information about users and their balances.
- Virtual machine: A specialized environment for executing smart contracts that ensures their security and efficiency.
Where is Graphene used?
Graphene technology is used in various blockchain projects, such as:
- BitShares, a blockchain platform that hosts decentralized exchanges and electronic payment systems in the DeFi sphere;
- EOS: a blockchain platform for smart contracts and decentralized applications;
- Steemit, Hive, Golos: Social networks based on the blockchain.
There are also other projects that use Graphene to create their blockchains.
Advantages of Graphene:
- High performance and scalability.
- Flexibility and customizability.
- Security and reliability.
- An active community of developers.
Conclusion
Graphene is a promising technology that has great potential for the development of the blockchain industry. It enables the creation of high-performance and scalable blockchains, which opens up new opportunities for creating decentralized applications and services.
The dynamically developing electronic payment network and decentralized exchange EVRAZ, which operates on the BitShares blockchain, takes full advantage of Graphene technology to conduct instant money transfers and ensure the smooth functioning of the decentralized exchange.
