Blockchain traffic technology pain point-high cost expansion problem

As of 2019, because the TPS of mainstream blockchain platforms audited by third parties (including Bitcoin, Ethereum, Ripple, EOS, Litecoin, Cardano, Ron and IOTA) is usually less than 1000 TPS.

Most of these blockchain platforms cannot meet the speed and concurrency requirements of real-world applications. Only by building a high-speed and stable application of the underlying infrastructure DAPP can the underlying operating system be available for various landing side chains and smart contracts. Scalability is the basic premise of public blockchains, especially when high throughput, high concurrency, stability and security are the key factors affecting user experience. This interconnected convenience allows more people to enter the financial ecosystem, thereby promoting economic empowerment.

With the popularization of smart mobile tools, Internet methods and habits are constantly evolving and changing. The convenient, fast, and low-cost mobile Internet is gradually replacing the clumsy, inefficient, and high-cost traditional Internet.The technical problems of the underlying blockchain developed on the basis of the traditional Internet are becoming more and more obvious. And it is gradually unable to adapt to the growing mobile Internet needs.

Bitcoin is widely regarded as the first public blockchain that provides people with the function of anonymously storing and exchanging value. Bitcoin and its fork coins are characterized by slow speed (such as Litecoin, Dash) and are considered the first generation of blockchains.

Bitcoin mining requires the purchase of professional equipment, which requires a lot of computing power and consumes huge energy. In order to obtain the maximum amount of Bitcoin, many companies or individuals purchase a large amount of equipment to establish mining farms to mine. This has put tremendous pressure on local energy or the environment, and has been banned by many countries and regions.

The power and wealth in the Bitcoin network are concentrated in a few mines or mining companies. 87% of Bitcoin is now owned by 1% of the network, making it very difficult and expensive for ordinary people to participate.

As of 2019, scalability remains a daunting challenge for DAPP. Because the TPS of mainstream blockchain platforms audited by a third party (including Bitcoin, Ethereum, Ripple, EOS, Lite-coin, Cardano, Tron and IOTA) is usually less than 1000 TPS. Most of these blockchain platforms cannot meet the concurrency requirements of real-world applications.In contrast, the classic mainstream commercial payment systems such as Visa, paypal, Alipay, etc. are usually able to process thousands of transactions in one second.