GOVMTechnical White Paper | Block Explorer | Wallet | Document | Discord | Telegram | Mining guide
IntroductionThe govm system uses a new blockchain architecture, a public BlockChain with high performance as its goal. Its theoretical TPS performance can exceed 264.
Mainnet is online.
No Premine, No ICO.
BackgroundEthereum's sharding technology has no good final solution.
Due to the low performance of existing blockchains, one application per chain causes island problems.
What is needed is a system that can be scaled on demand to meet application usage.
If there are too many transactions, we can create a new chain to handle new transactions.
If 10 chains are not enough, we can create 10 million chains.
If Bitcoin is one road and Ethereum’s sharding technology is one road with multi-lane, then govm is road network(a lot of roads).
The VisionWe hope all in one.
As the foundation of the digital world, all trust relies on data.
It is hoped that the input data are fact data, which can be easily verified.
Enough Trusted Data Will Create a Trusted Digital World.
SolutionIsomorphic multi-chain.
The logical relations form a binary tree structure, and the depth of the tree can reach 64, so there can be at most 2 ^ 64 chains.
Each chain only needs to care about its parent chain and two child chains, so the chain processing is simple.
All chains have the same tokens and consensus, and tokens can be transferred arbitrarily.
Cross-chain transfers in the system do not need any validator/collator, and can be 100% reliable through technical solutions.
POW + POS as a consensus of homogeneous multi-chain solution, there are problems, it is easy to be attacked by POW, and too many blocks, it is easy to cause network congestion. The new consensus use DPOS + POW.
After the development of the new consensus, the project is technically restarted.
Technical SpecificationsProject Name: GOVM
Coin Name: GOVM
Coin Unit: tc=1000*t9,t9=1000*t6,t6=1000*t3,t3=1000*t0.
Hash Algo: SHA-3(256)
Genesis Date: Tue Oct 01 2019
Block Interval Time: 60second(first chain)
Block Size: 1M(Anyone can fine-tune by token)
Decentralized: POW+POS
Super Nodes: No Need
Cross Time: 10minute
Current Distribution: ~2million tc
Max Coin Supply: No limit
Smart contract: Golang Source Code
Technical comparisonAdvantages of sharding technology: only one account is required in a system, can quickly increase system performance without affecting user use.
Disadvantages of sharding technology: It is only for simple parallel processing of transactions. The number of sharding side chains will be limited. If there are too many sharding side chains, the main chain will become a bottleneck; at the same time, its complete technical solution has not yet come out.
Advantages of cross-chain technology: It can pave the way for two different blockchains to bridge the gap and achieve intercommunication between different blockchains.
Disadvantages of cross-chain technology: It cannot resolve differences in consensus, computing power, and credibility between different blockchains. It requires the role of a supervisor and is suitable for small transactions.
Advantages of homogeneous multi-chain technology: The performance of the entire system depends on the number of chains, different chains have the same consensus, and virtual currencies can be arbitrarily transferred between different chains, and the performance can be much higher than the sharding technology. Different chains are relatively independent and can be deployed on different computers. Breaking through the bottleneck of ordinary computers(the TPS performance of ordinary computers is difficult to exceed 7000).
Disadvantages of homogeneous multi-chain technology: Each chain has an account, which easily leads to the scattered distribution of account funds on different chains.
