Unichain is a highly scalable blockchain platform that takes advantage of cutting-edge technologies which have the capacity of handling millions of transactions per second without compromising decentralization and security. UniChain is first and foremost designed to serve the Uniworld.io ecosystem. It is a public Blockchain featuring so-called multi-side-chains so everyone can connect and use and build upon this platform for a plethora of purposes. The development tool kits to work with UniChain ecosystems are provided by us as well.
UniChain use DPOS-HotStuff as the consensus algorithm
Consensus is the heart of any Blockchain platform, The previous consensus algorithm such as PoW, PoA, POS ... do not meet the requirement of security and scalability. UniChain combine the DPOS and HotStuff consensus algorithm (we call It the DPOS-HotStuff). DPOS has been proved to be a good consensus algorithm which has been implemented in EOS, Bitshare ... while HotStuff is currently implement in Facebook Libra project. The combination of the two cutting-edge consensuses makes UniChain unique and more scalable
UniChain use the multi-chain architecture
UniChain is a Blockchain platform that supports multi-chain, with the root and central chain being UniChain. This core chain plays an important role to validate all side-chain’s states and also links them together.
Each side-chain has its own block- and transaction validators. Side-chains are independent of each other, and have a separate ledger. Operations on chain X cannot UniChain - The Next Generation Blockchain For AI & Blockchain Economics
- UniWorld.io Ecosystem take effect on chain Y and vice versa. Because of this independence, we can ‘scale-out’ the platform as much as we want. With side-chains able to handle around ten thousand transactions per second, we will reach millions worth if the platform has 100 side-chains.
UniChain has its own bridge protocol
Side-chains communicate with the root-chain and other chains via smart contracts. UniChain provides the smart contract system for this communication called the UniBridge protocol. Funds on side-chains are also held on the root-chain. This allows for fraud proof deposits and withdrawals of funds on side-chains via state transition. Side-chains do not disclose all information on the root-chain. Instead, blockheader hashes and a bit of states are submitted and if there is proof of fraud on the root-chain, then the block is rolled back and the block creator is penalized by the smart contract system governed by the root-chain. The UniBridge protocol also helps UniChain to communicate with other Blockchain platforms. I.e. information, token in exchange to Ethereum, Bitcoin, or EOS and so forth.
In case of the exchange of tokens to other Blockchain platforms, the UniBridge protocol works as a decentralized exchange.