Customly designed blockchain by Cybor Holding
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Customly designed blockchain by Cybor Holding
It is a reliable and secure decentralized platform for electronic data circulation. The Blockchain Algorithm takes into account all the shortcomings of previously developed blockchains and cryptocurrencies launched on them, and also takes into account all the desires of modern users.
Creation of an accessible and highly secure open source decentralized network (blockchain) to provide every user with the opportunity to participate, design, share and develop.
Blockchain Algorithm is the fastest and safest (thanks to the use of the ZK-STARK cryptographic solution) information exchange along the shortest path (using Dijkstra's algorithm) with minimal transaction costs.
Based on the Blockchain Algorithm, each user can create and scale their own cryptocurrencies, as well as use separate software modules to develop their own projects using the White Label system.
The Algorithm platform has an adaptive infrastructure, thanks to which it can be used for almost any field of activity: trade, education, medicine, IT project development, information technology, security, logistics, certification, etc.
The Blockchain Algorithm is based on the ZK-STARK cryptographic solution and Dijkstra's BFS-DIJKSTRA mathematical algorithm.
ZK-STARK (Zero-Knowledge Scalable Transparent Argument of Knowledge) is a cryptographic information security protocol that uses public probabilistically verifiable zero knowledge proofs. This technology allows users to exchange verified information without disclosing it, or to perform computations with a third party without disclosing the computation.
When developing the Blockchain Algorithm, the principles of ZK-STARK (Zero-Knowledge Scalable Transparent Argument of Knowledge) are used. It is a cryptographic protocol based on the use of public probabilistically verifiable proof with zero knowledge.
Thanks to the post-quantum cryptography used, the system based on the ZK-STARK is resistant to attempts to decipher it using quantum computers. The brevity of the system allows for fast verification of data due to the small size of the required evidence. At the same time, it allows you to work with large data sets, it is applicable for NP-complete problems and NEXP-complete tasks.
Thanks to the post-quantum cryptography used, the system based on the ZK-STARK is resistant to attempts to decipher it using quantum computers. The brevity of the system allows for fast verification of data due to the small size of the required evidence. At the same time, it allows you to work with large data sets, it is applicable for NP-complete problems and NEXP-complete tasks.
The main problems of blockchain technologies are security and speed of work
Despite the fact that Bitcoin and Ethereum are the founders of the cryptocurrency market, the technologies on which they were created are outdated and have a number of fundamental flaws.
Security and speed of work have become the main problems of blockchain technologies in recent years. It's no secret that the complexity of performing operations (calculating a hash) in Bitcoin and Ethereum networks has led to the fact that transactions have become quite expensive and time-consuming. There are two options - wait longer and pay less, or wait less but pay much higher transaction fees. All this leads to the need to increase the productive capacity of miners, to purchase more and more productive computer equipment and create an artificial rush.
How has the active development of blockchain technology changed the crypto market?
Today, there are several main problems:
The idea of blockchain technologies (or rather the first cryptocurrencies) was initially to make transactions as simple as possible and at the same time cheap, and most importantly, secure. In other words, the idea was to improve the lives of people, ordinary consumers, with this technology. But, unfortunately, at the end we got not only slow computations and transactions, high cost, high volatility, but also a rise in prices for computer equipment, which affected even those who were not very interested in the crypto market, and maybe even completely did not know about its existence.
Today, Bitcoin technologies are not enough to make you feel completely safe.
The Bitcoin network is built on the ECDSA algorithm, i.e. uses elliptic curves and trailing fields to sign data, which allows a third party to confirm or deny the authenticity of transactions. Often, the "security" of Bitcoin is based on the fact that knowing the secret key and the starting point, we can easily calculate the public key. Today, this is no longer enough to feel completely safe, because the power of quantum computers is growing exponentially and in the near future, hacking the Bitcoin network will not look so out of reach. Therefore, when creating new technologies, it is worth focusing on post-quantum cryptography, for example, on the ZK-STARK cryptographic solution
Cybor Holding specialists have developed their own Blockchain Algorithm in order to solve the most pressing problems of this technology.
In this regard, the demand in 2020-2021 for other, more modern Blockchain projects has grown among cryptocurrency users. People are looking for a faster and more profitable solution that will allow instant anonymous transactions with full control and maximum security.
Looking back at the complexity and large size of Bitcoin hash-blocks (and hence the difficulty of making transactions), Cybor Holding specialists decided to develop their own algorithm for distributing points on the graph, providing connections between points and a unique transaction confirmation system based on Dijkstra's algorithm and zero-knowledge protocols, which was named Blockchain Algorithm.
The main idea behind the Blockchain Algorithm was the idea of returning ease of use to people, reducing the cost and becoming the next round in the development of blockchain technologies.
Blockchain Algorithm can bring back the simplicity and speed of working with the crypto market, ensuring the highest level of security of personal data
Studies of the cryptocurrency market and the technologies used in it, carried out by Cybor Holding specialists, have shown that the rapid development of technologies makes users worry about the safety of their data, and technology companies create more and more sophisticated and complex systems.
Thanks to the time-tested Dijkstra algorithm and the progressive post-quantum technology ZK-STARK, the Blockchain Algorithm has the opportunity to return users to the simplicity and speed of working with the crypto market, while ensuring the highest level of data security.
Due to its transparency and uniqueness, Blockchain Algorithm can be easily scaled and integrated into all spheres and industries of the modern world. The goal of the Blockchain Algorithm is not just to create something new, but to create the best.
Algorithm is an innovative cryptocurrency project with the potential to grow in market capitalization. The high cost of crypto assets of the Algorithm project is due to the developed ecosystem, thanks to which the project receives a stable income from the sale and sale of its crypto products and services.
Exclusive IT expertise in crypto payments allows us to be flexible to business needs. We are ready to experiment and solve any business problem at the intersection of finance and technology.
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