Deep Dive 🤿 into Espers Sidechains ⛓
Welcome to our second edition of the Espers Deep Dive series, where we bring everything you need to know about our project. 📖 Read along below to learn everything side-chains bring to the Espers Ecosystem.
Side-Chains⛓
Side-chains are an integral part of the Espers blockchain, enabling the Fractal Engine to achieve its unique architecture, providing limitless scalability and flexibility to the platform for data storage and transfer.
At its core, a side-chain is a separate blockchain that is attached to the main Espers blockchain. This design 🎨 allows for the creation of new functionalities and applications without affecting the security or stability of the main chain. Side-chains are connected to the main chain using two-way pegs, which act as a bridge between the main chain and the side-chain. Two-way pegs allow assets to be transferred from the main chain to the side-chain and vice versa, ensuring that the two chains remain synchronized. 🔃
One of the key 🔑 advantages of the side-chain architecture is its scalability. By using side-chains, the Espers ecosystem can add new functionalities and applications without affecting the performance of the main chain. This is achieved by segregating different types of data into separate side-chains, ensuring that each chain only needs to process and validate data relevant to its own functionality. This allows for a high degree of parallelization, ensuring that the Espers ecosystem can handle a large volume of transactions without becoming congested.
The Fractal Engine manages side-chains using a hierarchical tree🌲 structure, with each side-chain acting as a branch on the tree. This design allows for infinite scalability, with new branches (side-chains) easily created as needed. The Fractal Engine uses a hybrid Proof of Work/ Proof of Stake consensus algorithm, which allows for side-chains to be added or removed from the tree in a decentralized and secure manner. The PoW/PoS algorithm ensures that side-chains are added or removed based on the consensus of the network, ensuring that the Fractal Engine remains secure and stable.👮♀️
Each side-chain on the Espers ecosystem has its own set of rules and protocols, enabling a wide range of applications and functionalities to be supported. For example, one side-chain could be designed to support smart contracts, while another could be designed to support decentralized file storage. This modular design allows for a high degree of flexibility and customization, making the Espers ecosystem well-suited for a wide range of applications and use cases.📲
In addition to its scalability and flexibility, the side-chain architecture provides a high degree of security. By segregating different types of data into separate side-chains, the Espers ecosystem can isolate and protect sensitive information, ensuring that it remains secure and confidential.🤐
The Fractal Engine also includes a lightweight/mobile blockchain feature, which allows for easy access to the blockchain from mobile devices or computers with limited storage or processing power. This feature works by allowing users to access the blockchain without having to store the entire chain locally. Instead, users can query the blockchain and pull data from it as needed, making it much easier to use the blockchain on the go. The lightweight/mobile blockchain feature is made possible by the use of side-chains, which allow for the isolation and segregation of data, making it easier to access and process.
Each side-chain in the Espers ecosystem is connected to the main chain through a set of rules and protocols that ensure data security and integrity. For example, when a user sends a transaction on a side-chain, the transaction is validated by a group of nodes that are specifically designated for that side-chain. Once the transaction is validated, it is added to the side-chains block, which is then broadcast to the rest of the nodes on the side-chain network.
One of the key benefits of the side-chain architecture in Espers is that it allows for the segregation of data based on its sensitivity and security requirements. For example, financial data can be stored on a separate side-chain from medical data, with each side-chain having its own set of rules and protocols for accessing and processing data. This helps to minimize the risk of data breaches and ensures that sensitive information is kept separate and secure.
Additionally, the use of side-chains in Espers allows for a high degree of customization and flexibility. Third-party developers can create their own side-chains to add new features and applications to the Espers ecosystem. These side-chains can be added by X-Node voting, as well as by third-party developers who have been verified prior to implementation. This allows for a wide range of applications and use cases on the Espers blockchain, making it a versatile platform for decentralized data storage and transfer.
The side-chain architecture in the Espers ecosystem is a powerful and innovative approach to blockchain design. By using side-chains to add functionality to the main blockchain, Espers is able to provide a highly scalable, secure, and customizable platform for decentralized data storage and transfer. The use of side-chains also allows for the segregation of data based on its sensitivity and security requirements, ensuring that sensitive information is kept separate and secure. With its unique and powerful side-chain architecture, Espers is well-positioned to disrupt the current ecosystem and become a leading platform for decentralized data storage and transfer.
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