Scalability – A Breakthrough for Blockchains
Scalability is one of the most serious practical limitations of existing blockchain protocols. The estimated maximum capacity of the Ethereum and Bitcoin main blockchains are 15 transactions per second and 7 transactions per second, respectively.
A GeeqChain blockchain can be scaled up to handle arbitrarily large transaction loads.
Efficient Use of Network Resources
GeeqChain uses a randomized hub-and-spoke network and protocols that minimize the bandwidth needed to construct a block. A single instance of GeeqChain can easily scale to validating 100 transactions per second, running on a network of home computers with standard broadband connections.
Dynamic Optimization of the Network
GeeqChain dynamically adjusts the structure of the validation network to respond to changes in transaction loads and the participation or non-participation of validators. If more capacity is needed to handle a higher volume of transactions, GeeqChains are able to add additional layers of hubs and spokes. By doing so, GeeqChains divide the burden of communication on any one node, or validator, and is able to keep their networks working efficiently.
Scalability through Federated Chains
GeeqChain’s platform is designed to support federated blockchains. If network traffic becomes so high it exceeds the capacity of a single chain, the chain may invoke a protocol to split itself as needed. After splitting, each instance of the original GeeqChain takes a fraction of the total transaction load. Multiple chains, generated through splitting, are a simple example of federated chains and are able to exchange information and tokens as if they were one.