Topic: [2017-04-26]TrustSQL by Tencent FiT has 10k/s capacity demo features gold assets (Read 5198 times)

24th April Shenzhen– Tencent FiT ( payment infrastructure platform and financial application line) officially released whitepaper and a demo platform of its first blockchain product: TrustSQL. The white paper summarizes Tencent’s research in the field of blockchain for the first time, and introduces the trusted blockchain systematically. TrustSQL is designed to work with partners to promote the development of trusted Internet and to create a win-win blockchain ecosystem. ( TrustSQL whitepaper PDF download )

The Tencent blockchain platform will have diversified implementations in the following scenarios:

1. Proof of authentication;
2. Smart contract;
3. Shared economy;
4. Digital assets;
5. Shared ledger.
trustsql scenarios

5 key scenarios of TrustSQL

TrustSQL features high performance, high security, high speed access and efficient operation. Partners will have access to industrial-level blockchain infrastructure with more secure and equal services. On the New Year’s Eve in 2017, Tencent once again set a new world record – the Tencent FiT payment platform processed over 200,000 red envelope transactions per second concurrently. Relying on such management and development experience, the TrustSQL is capable of processing 10,000 transactions per second through a variety of model analysis and pressure test.

According to the white paper, the overall structure of TrustSQL is divided into three layers: the bottom layer is the Trust SQL platform that could be accessed via SQL and API, which is developed by Tencent independently. The middle layer , or the product service layer, is called Trust Platform, through which the aforementioned 5 scenarios could be deployed. The top layer is end-user-oriented and named as the Trust Application.

trustsql layers

3 layers of TrustSQL

According to the report, TrustSQL has the following technical features:
1. Highly efficient and adaptive consensus algorithm developed independently by Tencent.
2. Optimization in signature algorithm, blockchain storage.
3. Confirmation in seconds.
4. SQL access supported
5. Hierarchy authorization, secure key management and user privacy protection.
6. Realtime and visualized operation management system.

TrustSQL demo platform

Tencent also reveals a demo platform , which is more like a block explorer. Query page only allows hash search. The micro-gold assets indicated by the demo made people wonder its connection between The Gold red envelope, which was beta tested on the 2017 New Years Eve. (See more at Could Bitcoin envelope overtake gold envelope?  )


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