We’ve built a platform to close the gap between the crypto world and the real world.
WHAT IS KNOWCHAIN?
Knowchain is a two-layered blockchain platform that powers decentralized Applications and real world transactions by Smart Contracts and Additional Information attached on-chain.
Decentralized Platform
Knowchain is a 2-layered blockchain that powers decentralized Applications with Smart Contracts.
Our Know Layer
Know layer stores Value transferring transactions of Know units. It is governed by Delegates system following Delegated Proof of Stake consensus.
Our Ano Layer
Ano layer stores information as Smart Contracts and real world data as Ano units. It is governed by the Ultranodes and Service Ultranodes system following both Proof of Stake and Proof of Authority consensuses.
How does the know-network operate?
1.Users create transactions and broadcast to the nearest peers in Knowchain network who are running Full Nodes as Delegates.
2.Delegates determine the type of transactions as 1-layered transactions or 2-layered transactions.
3.If the transactions are 1-layered transactions (only in Know Layer), Delegates will add the transactions to txpool and broadcast the transactions to the Delegates who are in their turns as Validators.
4.If the transactions are 2-layered transactions (will be processed in both Know Layer and Ano Layer), Delegates will add the transactions to txpool and broadcast the transactions to the Delegates who are in their turns as Validators.
Original article: https://medium.com/knownetwork/knowchain-a-new-blockchain-platform-with-2-layers-revolutionary-smart-secured-bfa99b0a6745