Blockchain technologies provide a way to agree and maintain consensus across every node and without any central authority. This technology has issues, however, such as not enough real time transactions and not a good ability to scale as needed. Even with consensus algorithms have been integrated in platforms which allow it, large platforms like Ethereum and Bitcoin are still synchronizing one block at a time. This creates a slow confirmation time, which is one of the primary concerns that stop blockchain technology from being applied across many different industries.
Platforms which use smart contract have began to emerge but the most widely used is still public distributed ledgers. In order to fix these issues, a new model has been developed which his based on DBN (Dynamic Bayesian Network). PLASMIUM is a new DBN based platform ran through smart contracts which will act to solve scalability issues on public distributed ledger technologies. This platform will distinguish from the competitors by employed improved DBN based pro-tools.
The PLASMIUM platform is adopting a new protocol known as the MURION PROTOCOL in order to maintain its consensus and will be later integrated into the PLASMA chain. This will allow for built up applications to be added to the PLASMA chain to enjoy instant transactions and near zero transaction costs across the board. PLASMIUM has the mission of providing compatibility across all transaction bodies globally. This will create an ecosystem to facilitate real-time transactions and low-cost data sharing.
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