Together, we can build
a better Blockchain
We’re a young and talented group of entrepreneurs and engineers with a groundbreaking idea designed to contribute towards a better tomorrow in the new world of crypto-currencies and the decentralized web. At Bit Boson, we believe that block-chain related technologies are the perfect solution for IoT's biggest problems, and are committed to delivering the best possible, open-sourced solution to date. Unlike most systems, ours is future-proof, from both a security and scalability perspective. We encourage you to check out our white-paper and to follow us on social media, including Twitter and Telegram.
The Bit Boson network uses it's revolutionary Scatter Protocol to push the transaction confirmation rate arbitrarily high to get transactions confirmed quickly.
The Bit Boson network uses eco-friendly Proof-of-Capacity to save energy and reduce carbon emissions over Proof-of-Work based implementations such as Bit Coin.
The Bit Boson network allows for quick, cost-effective IoT implementations over custom and even cloud-based solutions with minimal technical knowledge.
At Bit Boson, we strive to develop the best technology on the leading edge of what is possible. The IoT block-chain solution we have developed, and continue to develop, is unlike any the world has ever seen. We encourage you to check-out our White Paper to learn more about both the inner-workings of the network and what it can do for you or your company.
THE CURRENT PROBLEM
Current block-chain implementations simply do not perform well and will not scale well either. In fact, popular block-chains such as Bit Coin perform at a staggeringly slow rate of less than 50 transactions per second. This is due to the nature of how the block-chain works in order to achieve its security. Block-chain Miners put a lot of effort into mining blocks and then broadcast them out as they are completed. These blocks have a fixed, small size for better broadcasting, all of which puts a hard limit on transaction rates.
The Simple Solution
The reason why scalability has a limit on the block-chain (as previously discussed) is due to the fact that blocks are created at roughly a fixed rate (on average) and have a fixed size. The rate is directly dictated by the implementation and is a large part of the security of the block-chain implementation. So the simple solution to the problem would be to increase the block size. Just like adding cars to a train, this would increase the number of transactions in the fixed time-frame. However, the bigger the blocks get, the harder they are to broadcast.
With the Scatter Protocol, the block-chain transaction throughput can dramatically be improved, but there's still more that can be done. The Bit Boson network adds to the transaction limit 10, or even 100-fold by allowing there to be several off-chain transactions which can then be verified by on-chain transactions. Effectively, users can negotiate "contracts" (not smart contracts) to allow for off-chain messages with data-check-points (or challenges) to verify the integrity of the data. Depending on the ratio of off-chain to on-chain transactions, a significant improvement to the transaction rate can be made.
The Bit Boson Solution
Increasing the block size is by-and-large a "good" solution to increase block-chain throughput without compromising security in consensus. Rather than circulate blocks at a single moment and sit hashing dormant (or just delaying in Bit Boson's case), the Scatter Protocol enables the block-chain to propagate partially verified sub-blocks during this time and then simply a skeleton block which organizes these sub-blocks into a real block. This, in effect, reduces the instantaneous network load, dramatically improving transaction throughput without compromising security even slightly.