Strength of BFIC BlockchainNovember 23, 2021
BFIC Blockchain is a three-tiered blockchain technology that combines the features of Bitcoin, Ethereum and Tron. It is a Third-Generation blockchain technology that aims to address basic faults such as scalability and interoperability, implying that blockchain should withstand mass adoption while avoiding issues such as sluggish transaction times and closed systems.
It is a blockchain for digital transactions as well as a platform for building and administering real-time decentralized financial services. The BFIC network’s unprecedented speed and decentralization make it a pioneer of third-generation Blockchain.
• Lower Transactions Costs compared to other blockchain.
• Data Storage cost for decentralized projects is low.
• Assets can be tokenized to circulate in Ethereum and other networks.
Having a triple layered architecture ensures that BFIC Blockchain is lightning fast with ultimate immunity. Each layer has individual functionality along with performing functions to support the layer above it. This ensures that each transaction is highly secure and cannot be tampered with. Common single layer architectures blockchain are prone to successful hack attempts as all precious data is stored in a single layer. Whereas, in BFIC blockchain the data is divided among the three layers which makes it nearly impossible to mangle.
Application Layer: Wallets, Smart Contracts, DApps.
Core Layer: Nodes – Light, Common, Master, and Super Representative.
Network Layer: Internet, Blockchain State, Storage.
Scalability Issue Resolved
BFIC Blockchain has the ability to sustain massive transaction load. More than 100,000 transactions can be conducted per second with lighting fast speed. The previous two generations lacked in scalability making it a huge issue worldwide. BFIC is developed with this in mind, and the system automatically addresses scalability difficulties as they arise.
BFIC blockchain is a keen support of smart contract developers. As an encouragement for the developers, 25% of the gas fees will be rewarded to them. This is to boost smart contract development
and deployment on the BFIC Blockchain.
Interoperability is another issue that BFIC blockchain initiatives address. The initial incarnations of the blockchain cannot communicate with one other in the same way that you cannot charge an iPhone with a Samsung charger. While it may not appear to be a huge problem, interoperability is critical for the business to grow. BFIC blockchain built interoperability capabilities into their blockchain from the start, allowing them to operate smoothly with other blockchains.