(26th June, 2020) : Blockchain is now trying to face a new phase. Several top platforms are underway to fork or upgrade their network that can expand their scalability which will optimize the user experiences. One of the most well-known blockchain platforms, Ethereum is going to be forked, utilizing a totally different consensus algorithm that has been used. This hard fork greatly increases its transaction speed and secures the network. In that degree, the speed, scalability, and security aspects of blockchain are the major features to consider the general perspective toward the platform.
EtherCore is a multi-chain decentralized application and smart contract platform designed to enhance security, scalability, and decentralization, dealing with the trilemma issue of blockchain. Also, the platform offers highly distributed, fault tolerance, and mission-critical network for everyone. How this is possible?
EtherCore consists of ProgPoW, a Programmatic Proof-of-Work consensus algorithm, as the main chain and Proof-of-Authority (PoA) as the sidechain to solve the trilemma issue for a public blockchain. Users of the platform can enjoy without any limitations of network capacity.
Thanks to the ProgPoW algorithm, EtherCore can secure decentralization, preventing the ASICs monopoly of network power so that normal contributors can equally and safely participate in the platform.
Besides, EtherCore also provides sidechain with Proof of Authority (PoA) consensus algorithm which allows an average verification time of 1 second. It is expected to provide unlimited scalability without degrading network performance. “Dynamic block capacity for both mainnet and sidechain is possible which provides enough network capacity to DApp developers and users on-demand” said by the company.
Multi-chain decentralized application and smart contract platform, EtherCore, is designed to be resistant for any kind of third party interference, especially for combating 51% attack or denial of service transaction deployment to occupy the network or exploit any DApp transactions illegally. “Any commitment to mainnet will be secured forever from the assist of the ProgPoW algorithm, and the sidechain will be able to handle any updates needed for specific kind of decentralized applications from network capacity to real-time contract update” said by the company.
EtherCore foundation is preparing the airdrop events for the supporters in twice. The first event is opened to everyone. The one who joined EtherCore communities such as Facebook, Telegram, and Twitter before the end of the 1st event can get some ERE.
For more information, please visit https://www.ethercore.io/
Media Contact:
Company Name: BCS
Contact Person: David Kim/Marketing Strategy Manager
Email: davidkim@bcsolution.kr
Country: South Korea
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