Ten years ago, Satoshi Nakamoto created a pure digital cash system in his seminal paper, Bitcoin created a POW mining mechanism. After 12 years, a scalable, efficient and decentralized blockchain system SCDO came into being.
In order to let industry elites and people of insight in the blockchain field have a comprehensive and profound understanding of the SCDO system, on August 26, 2020, the SCDO blockchain technology exchange conference co-sponsored by SCDO and World Chain Finance Shenzhen Marriott Hotel Nanshan has reopened.
At this conference, relevant experts thoroughly explained and explained the three core advantages of the SCDO system: scalability, efficiency, and decentralization.
At the beginning of the conference, Victor, the founder of SCDO project, gave a comprehensive introduction to SCDO's sub-chain protocol and consensus algorithm. First, he emphasized what is the real sharding technology. The SCDO fragmentation technology combines the characteristics of P2P network transmission, transaction fragmentation and account fragmentation, so that the main network can easily achieve a rate of 1000tps. When the speed is increased, more applications can be implemented. Secondly, Victor explained in detail the two consensus algorithm choices currently provided by SSP: PBFT and PoS. Through his in-depth explanation, we can understand the characteristics of SSP, and can require the sub-chain to submit status data regularly to provide important security guarantees for the sub-chain. At the same time, users of the sub-chain can also raise challenges at any time. After that, Victor continued to share with us how to build DeFi applications in SCDO. He emphasized the core concept of "consensus algorithm is the soul of the blockchain", and the block size is only 1MB, the same PoW as Bitcoin Algorithm is the key link.
After that, Dr. Zheng Maolin, SCDO project consultant, gave a specific explanation on the algorithm and data model of SCDO. He mentioned that SCDO's sharding technology can double the transaction speed, which can fully meet people's daily economic development needs; SCDO's PoW algorithm is based on innovative scientific calculations, supplemented by hash calculations, and is absolutely CPU friendly. The advantages of GPU and Asic's mining machine will also disappear; SCDO's main chain protocol enables the SCDO main network to extend to every application field. Through his introduction, we realized that the interaction between the SCDO mainnet and the subnet naturally formed a DeFi system, which will also have unlimited possibilities in the future, bringing us more expectations.
At the same time, in order to help everyone better answer questions, the conference also set up an "onsite interactive answer" link ingeniously. The guests at the scene were enthusiastic, eager for knowledge, and asked various questions, all of which were very forward-looking. The relevant experts also discussed in detail the key issues such as "SCDO and ETH2.0, what are the advantages of Polkadot in comparison", "What is SCDO's future vision and what phases of goals it has in the future", "When will SCDO go live and when will it be open source" Analysis and answers.
The atmosphere of the whole conference was very harmonious. The economist Professor Zhu Jiaming gave a special invitation to share and emphasized that "how to establish a fair distribution system and reduce and reverse the growing trend of rich and poor is a major historical issue and challenge." The core point of view , and based on computing power, the SCDO project, which is measured by technology, provides hope and possibility for solving this problem in the future. His sharing made the atmosphere of the conference even more enthusiastic.
At 17:30, with the start of the dinner, the event officially ended, drawing a complete end.
This conference is rich in content and full of dry goods. Through this sharing, SCDO is no longer mysterious, and its core advantages and main features will be understood by more people. As a decentralized open source project, SCDO aims to build a world-wide digital ecosystem and at the same time complete industry empowerment, achieving a win-win situation of "double harvest of value and application".
I believe that in the near future, SCDO, backed by a top team, will surely create more surprises for everyone!
