Libonomy Blockchain System
The evolution of Blockchain has opened doors for research and development in this field. Since Satoshi Nakamoto’s introduction of Bitcoin back in 2008 the world of technology changed completely. It gave the world a new advanced technology to explore . Libonomy is one of its kind blockchain that has achieved the goals of innovation and creativity with great success. The kind of innovation it advertises attracts and reaches out to masses that have the knowledge that the system is fulfilling its role of greatness. Many only talk about a new system of blockchain but Libonomy is on its road to fulfill that ideology already. The uniqueness of any organisation becomes its trademark and the uniqueness of Libonomy is that it offers its clients to explore beyond their imagination and think out of the box. The speciallty of Libonomy Blockchain is that it does not use the previous consensus algorithms that have been used for a very long time.
These consensus algorithms have their own drawbacks and Libonomy believes in providing an error-free consensus engine that has been architectures carefully. It uses Artificial Intelligence consensus algorithm, an automated computer generated engine that saves energy, time and gives high speed of transaction. The system being generated through AI is safe from any human corruption and it is fully decentralized that it endorses complete transparency as well. The exclusivity of Libonomy is not the only commendable factor of it but the stability that it offers on its many platforms as well. Libonomy pioneers in providing safety and security to all its clients that use it with great trust. It is a cost-effective platform that believes in giving the best to its clients only. It saves the energy of resources and time of its clients so that everything is carried down effectively and efficiently.
Libonomy Blockchain System
The working of the system is not too complex, an overview of the system needs to be addressed before moving forward to the technicalities of the system. When the nodes join the Libonomy Blockchain system, the AI will run its analysis on the nodes. The analysis is carried forward on the contribution and participation of the nodes in the blockchain. The data regarding the capability of how far the nodes are willingly taking part in the blockchain is gathered as well as the speed of the transactions and communication is gathered, all this information is combined to understand the nature of the nodes in the respective system. Once, the analysis is completed the data is transferred to the algorithm which then classifies the information depending on the nature of the nodes and assigns a pool to each one of them.
Libonomy Blockchain has the feature of interoperability that will allow multiple blockchain systems to run under the umbrella of Libonomy blockchain. The Libonomy Blockchain can support public blockchain and private blockchain, both. Corporations and businesses can use the blockchain in their new business projects that can take the plan a step ahead in any sector of business. Government, education, health, identity management and many other sectors can integrate the blockchain in their organisations to make it easy for them to manage work with the benefit of stability and security.
Computing Power
Ratio Computing power ratio is the ratio of calculating force of a node to calculating force of the whole network
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Exploit Finding Nodes
EF Nodes guarantee the security of the network. These nodes will be put off the network if any false nodes are found in the power pool.
Maintenance Nodes
Maintenance Nodes are backup nodes that are pulled out and assigned into their respective pool. AI engine will kick out the nodes from either pool, in case of a corrupt node.
Audit Nodes
Audit nodes will carry out the auditing of the pool on a constant basis. If any of the power nodes fail to fall within the threshold assigned by the audit nodes, the node will be removed from the network.
Virtual Voting
Every node in the network can spread signed information to its randomly chosen neighbours. With virtual voting, each node can determine if a transaction is valid, block upgrade and threshold upgrade.
The above implementation plan of the Libonomy Blockchain fully considers the operation needs of the development of consensus algorithms, the building process of a Blockchain with AI engine and the ability enhancement process of the Blockchain community, so as to make the Libonomy Blockchain available as soon as possible, popularize it in the community and carry out process.
