Mr. Christopher Marsh reports
BLOCKCHAIN FOUNDRY INC. - WHITEBLOCK TESTING: SYSCOIN'S Z-DAG TPS BENCHMARK RESULTS
Whiteblock Inc. has released its transactions-per-second speed results for Blockchain Foundry Inc.'s patent-pending Zero Confirmation Acyclic Graph (Z-DAG) technology built exclusively for the
Syscoin protocol. Whiteblock was commissioned by Blockchain Foundry to provide a transparent and accurate picture of the transaction speed and scalability achieved by Syscoin platform tokens.
Whiteblock conducted the analysis using 24 masternodes to test the network and achieved up to 145,542 transactions per second in a control group and up to 60,158 transactions per second outside of the control group. For context, the Syscoin network has 1,487 active masternodes and has the potential of having up to 5,532 masternodes running simultaneously. As a comparison, credit and debit card networks typically have the capacity to handle approximately 25,000 transactions per second.
The results indicate that the transactions per second achieved by Syscoin platform tokens in an isolated test environment perform very effectively and have strong indicators for performance.
"In order to achieve adoption, scalability is essential. We wanted to make the Syscoin platform ready for projects that need to reach mainstream adoption without scaling limitation. Now that we have transaction speeds comparable to typical credit and debit card networks, we are ready," said Jag Sidhu, the company's chief technology officer and Syscoin co-founder.
Blockchain Foundry recently filed a patent application with the United States Patent and Trademark Office for its Z-DAG technology, exclusively designed for the Syscoin blockchain protocol.
"The Z-DAG protocol is extremely innovative and presents a practical solution for many of the performance issues that are currently bottlenecking the continued scalability of blockchain systems," said Zachary Cole, Whiteblock chief executive officer.
The Syscoin bridge: a leg-up for Ethereum developers
Whiteblock's results indicate strong performance in the Syscoin Z-DAG core and the fourth release of the Syscoin protocol will enable Ethereum decentralized application developers to benefit from this scalable technology. Designed by Blockchain Foundry, the Syscoin bridge will connect to the Ethereum blockchain for smart contract execution, "Combining the security of Bitcoin, the functionality of Ethereum and the speed and scalability of our Z-DAG technology, enterprise-ready blockchain applications are now a reality via the Syscoin protocol," said Mr. Sidhu, the company's CTO and inventor of Z-DAG.
Whiteblock provides the world's first scalable test system for blockchain and enterprise digital ledger technology developers. Whiteblock's blockchain-testing-as-a-service measures and validates key performance benchmarks, such as transactions per second and consensus over a variety of networks.
About Blockchain Foundry Inc.
Blockchain Foundry is a global blockchain consulting and development firm. Blockchain Foundry develops and commercializes decentralized ledger technology, custom blockchain solutions and smart contracts for enterprise clients.
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