TOKEN2049 - Boson Consensus: A Scalable Blockchain Sharding Consensus - Qi Zhou (QuarkChain)
Join Qi Zhou, CEO and Founder of QuarkChain, at TOKEN2049 as he presents an in-depth look at "Boson Consensus: A Scalable Blockchain Sharding Consensus." In this insightful talk, Zhou addresses the critical challenge of low transactions per second (TPS) plaguing major blockchains like Bitcoin and Ethereum. He presents Boson Consensus as an innovative solution that enhances scalability without compromising security.
Zhou outlines the fundamental limitations of increasing block size and utilizing multiple blockchains, such as block propagation delays and hash power dilution. Boson Consensus proposes a dual-layer approach, integrating sharding with a root chain—a strategic innovation that enhances transaction speed while maintaining robust security safeguards against attacks.
The talk highlights key features of Boson Consensus, including its ability to support multiple consensus algorithms, asynchronous block production, and improved network bandwidth utilization. Zhou also emphasizes the diverse possibilities and increased security in cross-shard transactions, offering higher throughput compared to single-blockchain architectures.
QuarkChain’s implementation of Boson Consensus demonstrates an impressive capability of processing over 14,000 transactions per second, showcasing the potential of this scalable infrastructure for future applications. As blockchain technology continues to evolve, Qi Zhou’s Boson Consensus offers a promising avenue for addressing scalability and security simultaneously.
For those passionate about blockchain innovation, this talk is a must-watch. Don't forget to like, comment, and subscribe to stay updated on the latest advancements in blockchain technology.
