10 years have passed since the Bitcoin system was launched. Mining and approval systems, which started with bitcoin, were replaced by the Ethereum system called blockchain 2.0. Bitcoin provided approval for more transactions, while Ethereum enabled the creation of smart contracts. In a way, the experts who built software on the blockchain allowed the approval of these processes through consensus.
With the increase in the number of transactions over time and the users put more load on these infrastructures, these systems have reached the weightless dimensions. Later, the increase in the block sizes put forward in the theory brought other problems. Today, especially Ethereum infrastructure has many problems that cannot be solved. Among these problems, lack of measurability and high margin of error can be shown.
What is PlatOn ?
Alternatively, the problems of the mining mechanism, which are formed by consensus system and formed with the process approvals of different miners, are increasing. With the increase in the number of users with the increased reliability of these mechanisms, people can perform transactions. But some computer viruses and hackers send complex passwords to miners to solve quite difficult problems. Miners trying to solve this process hackers send an easy password to the system. Afterwards, these people, who hold the mining activities, have the next block removed by themselves. This leads to a 51% attack known to most people.
PlatOn allows for more accurate and sustainable operations on the blockchain. Thanks to the PlatOn system, the process can be confirmed easily and the process is completed quickly. PlatOn, which creates the Vitu platform especially for institutional investors, produces solutions that companies need.
Benefits of PlatOn Project to Blockchain World
- In the world of blockchain, a consensus algorithm has been developed to validate miners' operations. In many areas, this system does not work well enough. With this system, which works as proof of business, the owners of mining equipment contribute to the system by approving the transactions. Besides, this verification system does not have a controller. Thanks to PlatOn, these miners are re-checked and operations like Byzantine generals are terminated before they even begin.
- Especially in crypto technology, the security of the users is very important. Hackers can access other data easily. With PlatOn's algorithm, no user can access this raw data. Users are safe in all conditions with 0 fault tolerance and verifiable process proof system.
Application Areas of PlatOn System
- Especially with the PlatOn system, which will make a breakthrough in the field of health, the data of the users is released from the control of the service providers and enters the control of the user. Third-party software and other systems require user permission to access this data. With this system, which will convert all user health data into an asset, users can sell their data to health organizations and institutes if they wish. Without the need for any other resources, users can access this data and check their disease status on a daily basis through the lifelong health system. In particular, users can provide personal data free of charge to develop new medicines and benefit the community.
- It's important for advertisers to find information that will reach their target audience. Customer information and extensive databases are very important. However, it is very necessary to obtain the customer's permission when installing these databases. Most social media systems sell this data to software companies. The most appropriate database is determined by the algorithm established by PlatOn system. Thanks to this system, which is searched with the help of a search engine and enables the advertiser to bring the data against the conditions that the advertiser wants, customers can provide the data of the desired depth to the advertiser.
- In particular, PlatOn has created a different system for approving transfers of multinational companies and large suppliers. Thanks to the multi-signature system, no transaction is performed without multiple approvals for each transaction. This process does not require the simultaneous operation of different computers. This provides extra security for company accounts and makes it difficult for people to access information.
- One of the biggest problems in crypto technology is the private key responsibility. Most users forgot their private key and lost big money and couldn't reach their wallet. Thanks to the multi-key technology offered by PlatOn, people can easily access their accounts even if they forget their first password.
Last Words
PlatOn system, which can be used in many fields such as payment systems, identity verification and insurance, will lead many ideas. The project is managed by a team of highly experienced and expert in computer systems.
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