As the world's first DAO governance asset trust plan, PTAHDAO is the result of the combination of blockchain technology and financial investment.
At present, PTAHDAO is rapidly utilizing and integrating blockchain technology to help itself develop by leaps and bounds. The latest news from the PTAHDAO official community: As of the end of June, the platform has completed the construction of a decentralized distributed database and has become one of the full ledger nodes on the OKExChain (OK chain)!
In essence, the blockchain is a large distributed database that ensures the security and decentralization of the overall system by allowing more people to keep accounts.
PTAHDAO has completed the deposit of certificates on the data chain, which is a major move for the transformation of blockchain technology. It has its own full-node database in terms of security, realizes the DAO governance form in the organization, and improves the intelligence and ecology of financial service scenarios. (Gradually) decentralized.
Why choose OKExChain (OK Chain)?
Because OKExChain is safe enough and powerful enough to carry the huge database of PTAHDAO in the future.
OKExChain is a single-chain network and the first transaction chain in the world. Based on the Tendermint mechanism of Cosmos and the CosmosSDK, Cosmos realizes the connection between various blockchains through nodes, and combines the instant certainty of the Tendermint consensus algorithm, thus greatly improving the value transmission speed between blockchains , to ensure its high TPS.
OKExChain application platform Ouyi Exchange has been in the industry for nearly 10 years, and has a strong reserve in chain security technology. As an open public chain ecology, anyone can run to become an OKExChain super node to realize the value interoperability, user interoperability, and scene application interoperability of the blockchain, and finally realize the co-construction of the ecosystem and build a value-added system.
Under the pressure of financial innovation, the shortcomings of the centralized database of traditional centralized financial products are gradually highlighted, such as lack of elastic scalability, low level of security and controllability, insufficient disaster recovery capabilities, etc., information systems based on traditional centralized databases Therefore, it is facing greater uncertainties and risks, and it is becoming more and more difficult to adapt to more demands generated by the rapid development of the financial industry.
Advantages of certificate deposit on PTAHDAO chain
With the widespread application of distributed systems, blockchain technology is widely used due to its remarkable characteristics such as distributed high-redundancy storage, time series data, non-tampering and forgery, decentralized credit, smart contracts, security and privacy protection, etc. Applications in the fields of economics, finance, and social systems are developing rapidly.
After PTAHDAO is on-chain, its self-built node database will exist as a full node of OKExChain and also a "listening node". Each transaction on the node is verifiable and redundant, and can only be opened with a unique private key, which can not only resist censorship, but also eliminate the security criticism of general financial products; data is transmitted in a point-to-point manner on the chain, which is also helpful for reducing transaction costs. Can have an immediate effect.
In essence, PTAHDAO is also a huge database, which is similar to the essence of blockchain technology. The safe storage of data has therefore become the focus of the system. We use contract DID technology to allow individuals to regain autonomy over their identities without relying on centralized organizations. At the same time, the abuse of personal data will be completely eradicated on the PTAHDAO platform, and customers' trust in traditional organizations will weaken to promote PTAHDAO's transformation to a decentralized ecology!
In terms of performance scalability, PTAHDAO self-built nodes introduce a combination of ABC (account blockchain) and TBC (transaction blockchain) to ensure performance: when a new asset package is established or the original asset package needs to be expanded When the transaction volume is high, the platform can set up ABC to solve it; when the transaction volume is large, the platform can increase the TBC to increase the TPS speed, through these two ways to meet the needs of system scalability.
In terms of security, SSL and TLS double-encrypted communication ensures the confidentiality, integrity and authenticity of platform data during transmission. At the same time, the blocking at the encryption level can also effectively shield the dual attacks of solar eclipse and DDOS.
Set a benchmark for the transformation and technological upgrading of the traditional financial industry
The advancement and development of blockchain technology has brought many innovations and opportunities to the financial industry. For traditional financial products and enterprises, blockchain is a new topic and a new opportunity.
In this regard, PTAHDAO dared to take risks and also dared to break through.
This time, PTAHDAO completed the deposit on the data chain (OKExChain), and the biggest benefits are mainly four points:
One: data security;
The second is: asset security;
The third is: cost reduction and efficiency increase;
The fourth is: Weaken the central control of the platform.
And these four points are also the threshold that almost all traditional financial products have to cross. PTAHDAO's efforts have set a benchmark for the transformation and technological upgrading of the traditional financial industry.