Wednesday, April 22, 2020

What is Relictum project?

Relictum Pro is an endless distributed registry with a developed system of smart contracts, describing (formalizing) any event in human life, ranging from buying and selling goods and services, recording logistic events, to tracking copyright and inter-acting with legal entities, including a number of self-executing transactions (smart contracts) in any field of activity

Relictum Pro is an endless distributed registry with a developed system of smart contracts describing more than 80% of significant events in a person’s daily life

Currently, modules and smart contracts have been developed, the platform is undergoing full-scale testing and we have achieved the following results:

100,000 transactions per second - Have been reached in real time at the moment

1,000,000 transactions per second— The estimated network performance

When transactions not only get to the network but also blocks are written to each node when they return* — Results by _Testnet;

  • Own added modification of SHA1-based hashing algorithm;
  • No problems of consensus (there are no problems and issues related to the solution of various ambiguities such as collisions, double waste, etc.);
  • А block hash collision may occur in 100 years, due to the continuous numbering of each block in Master_Chain;
  • SizeSize (weight) of the node ranging from 120 to 300 bytes;
  • according to calcula-tions, in 20 years the registry weight can reach ~ 1 GB if you work with the bitcoin mode intensity;
  • Full-featured real nodes in smartphones. That is in favor of full decentralization – a full distributed registry independent of third-party servers and service

https://preview.redd.it/w3staxycubu41.jpg?width=1080&format=pjpg&auto=webp&s=2ea066a594c0a71119411d39b9c81bd3cef1685f


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