gf's blockchain technology

gf's blockchain technology

Verification mechanism: A verification mechanism based on anonymous participants, CDM, is proposed to verify the blockchain, which encourages all participants to behave honestly.

Strategic provable security (SPS): CDM provides strategic provable security for the blockchain by creating a coalition proof equilibrium (CPE) for honest verification.

Economic incentive mechanism: Through the design of economic mechanisms, the honesty of verified transactions is ensured to prevent nodes from colluding to undermine the integrity of the blockchain.

gf architecture:

Two-layer architecture: gf includes a verification layer and an application layer. The verification layer handles GeeqCoin transactions and verification services, and the application layer supports custom business logic.

Federated chain: Supports federated chain structure, different applications can run on independent instances and interact through GeeqCoin.

Smart contract: The application layer supports smart contracts written in different programming languages ​​to implement various business logics.

Security and scalability:

High fault tolerance: The CDM mechanism makes gf highly fault-tolerant, and even if some nodes are dishonest, the integrity of the blockchain can be maintained.

Low cost: Compared with existing blockchain platforms, gf has lower verification costs and is suitable for large-scale transactions.

Scalability: By splitting and merging federated chains, gf can handle any number of transactions and achieve unlimited expansion.

Network architecture and communication protocol:

Random polling network: Use random polling Hub and Spoke network topology to improve network efficiency and security.

NCSC and LCSC: Handle communication and network failures between nodes through network communication smart contracts (NCSC) and lost contact smart contracts (LCSC).

Audit and recovery:

Audit mechanism: Allow users, nodes and independent agents to discover and report dishonest behavior through blockchain audit smart contracts (BASC).

Disaster recovery: If all nodes are dishonest, users can rebuild an honest blockchain instance through disaster recovery smart contracts (CRSC).

Application scenarios:

Micropayment platform: Suitable for small and fast payment scenarios, such as urban infrastructure charges, IoT device payments, etc.

General payment platform: Can be used as a payment platform similar to PayPal or Visa/MC to handle large-scale transactions.

Asset tokenization: Support tokenized transactions of assets such as stocks, bonds, and real estate to improve asset liquidity.

Record Verification: Verification and timestamp services for public records, IoT data, medical records, etc.

Comparison with existing blockchain platforms:

Security and cost: Compared with Bitcoin and Ethereum, gf reduces transaction costs while maintaining high security.

Scalability: It solves the scalability problem of existing blockchain platforms when processing large-scale transactions.

Flexibility: Through the federated chain structure and customized business logic, gf is more flexible and suitable for a variety of application scenarios.

Through the innovative CDM verification mechanism, two-tier architecture and federated chain structure, gf provides a secure, low-cost, scalable and flexible blockchain solution for a variety of application scenarios, including micropayments, general payments, asset tokenization and record verification.