Ultron Foundation | An Introduction to Ultron | |
Ultron is a Layer-1 blockchain with advanced functionality. To understand Ultron’s technological prowess, one must consider the “blockchain trilemma.” The blockchain trilemma is the tripart issue of establishing security, scale, and decentralization. Most major blockchains are struggling to implement the third pillar: decentralisation. Ethereum is secure and decentralised, but gas fees prevent scalability. Solana is secure and scalable, but not decentralised (they keep getting taken down by DDOS attacks). Now, we have Ultron. Ultron claims that their consensus mechanism has solved the blockchain trilemma. A consensus mechanism is what allows blockchains to function. In a decentralised system, this is what brings all of the blockchain’s individual nodes together (what allows them to agree on the state of the network). In practise, this can take the form of simple “majority rules” voting, taking turns being the “leader” of a block, or any of a number of other mechanisms. | |
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Target State: New York Target City : Ellicottville Last Update : Dec 19, 2024 12:45 AM Number of Views: 14 | Item Owner : Ultron Foundation Contact Email: Contact Phone: (716) 699-8996 |
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