RELICTUM PRO- BLOCKCHAIN 5.0 OF THE LATEST GENERATION

Its no new news about cryptocurrency and the blockchain innovation, in as much that there are immense blockchain advances with various thoughts on the planet as of now many are pointless and few are acceptable.

The adoption of blockchain technology is changing the word at a very high pace. Blockchain technology allows us to securely transfer the ownership of funds using private key encryption or proof of work methods, the technology is transparent, trustless and publicly accessible. The technology uses decentralized consensus to maintain its network. Now this brings us to the project Relictum pro and how it is an improvement to the blockchain technology. Relictum Pro is a blockchain of the latest generation, Blockchain 5.0, which has all the necessary fundamental and sufficient condition to ensure the work of the fourth generation of blockchain.

WHAT IS RELICTUM PRO?

Relictum Pro is a scalable, hyper-modern blockchain, with a view to the far future. This is a platform that can be used both with thin clients and with more powerful processors, basic stations, as well as with the latest electronic and computer technologies, including quantum computers. Bitcoin and other blockchain-based cryptocurrencies rely on cryptographic methods to maintain security and fidelity. Cryptography is the mathematical and computational practice of encoding and decoding data.

In Relictum pro we have our encryption algorithm. Encryption keys are the most important aspect of cryptography. They make a message, transaction or data value unreadable for an unauthorized reader or recipient, and it can be read and processed only by the intended recipient. Another interesting thing about this project is that for the smart contacts we have our laboratory for all smart-contracts. Relictum Pro is an endless distributed registry with a developed system of smart contracts, describing (formalizing) any event in human life, ranging from buying and selling goods and services, recording logistic events, to tracking copyright and interacting with legal entities. One last thing i love about this project is that we implemented a new type of network and created our own consensus algorithms. We have our own node interaction principle.

THE PROBLEMS OF THE MODERN DAY BLOCKCHAIN TECHNOLOGY

Blockchain is now recognized as a world-changing technology in many ways. A growing number of companies have expressed their will to enter the blockchain arena. Nonetheless there are still some problems waiting to be solved while using the blockchain technology, that is why i am excited about Relictum pro Blockchain 5.0 as it is a new generation of the blockchain technology that will solve all the problems of the past generation. Some of the problems are;

Lack of scalability is One major technology challenge of blockchain is related to the technical scalability of the network which can put a strain on the adoption process, especially for public blockchains.
Blockchains can be slow and cumbersome: Once again due to their complexity and their encrypted, distributed nature, blockchain transactions can take a while to process, certainly compared to “traditional” payment systems such as cash or debit cards. Sometimes bitcoin transactions take longer time to confirm this wastes a whole lot of time. This is one of the problems relictum pro will solve.
The disadvantage of P2P network: A peer-to-peer (P2P) network does not allow you to create distributed registries at speed necessary to meet the needs of users.Today, it does not allow to work with a large number of nodes. Having a large number of nodes, the P2P network starts working with segments. Until one segment closes, the second does not unfold.
Large block size; Due to the fact that one unit has a large bandwidth, it is impossible to rationally use it to store exactly the optimal size of information. Consequently, the transaction rate between blocks is significantly reduced. To solve this problem Relictum pro have proposed a small block size which will make the speed per second increase significantly
Other problems are;

51% attack problem

The problem of key loss

Exchange rate

Energy consumption

SOLUTION TO THE PROBLEM

𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 𝗽𝗹𝗮𝘁𝗳𝗼𝗿𝗺 does not depend on the communication method, it is just a node, and how the message is delivered does not matter. order to solve existing problems, we propose several changes in the architecture of the blockchain, affecting communication protocols, network infrastructure, inter-network agreements, consensus algorithms, and so on.

Proof of Tsar Solution

There is a network regeneration every 0.5 sec (reconnection of all nodes), like the regeneration of computer RAM, led by one main node.“Tsar” gives blocks to “Generals,” and they distribute them further to everyone in the chain. “Tsar” and “Generals” are automatically selected and constantly changing.

The distinctive mechanism is as follows: only the hash of one event (transaction) is recorded in the block, it cannot be changed. Thus, all kinds of collisions are swept aside. In addition to recording the event hash into the block, when forming a new block, the entire hash of the previous block and + integer value is taken (we put the sequential block number in front of the block). There is a main chain of blocks — 𝗠𝗮𝘀𝘁𝗲𝗿_𝗖𝗵𝗮𝗶𝗻, which contains only the hash of a block of lower and side smart contracts.

FEATURES OF THE RELICTUM PRO PLATFORM

The following features of the Relictum platform appear: A block diagram is a smart contract:

Smart contract independently monitors whether all conditions of a contract were fully fulfilled;

Possibility to conduct operations with different types of smart contracts, the possibility to generate new smart contracts with new type-properties or property-types;

Already today, in the Relictum Pro platform, a smart contract can be signed simultaneously between 10 counterparties.

TOKEN SALE DETAILS

The token sale is live now and it will end in 16 days on the 31st of May 2020