FAB Coin Video Commentary
Video Name: “Fast Access Blockchain Video”
Video Length: 2 minutes
Video Keynote: Technology + Intelligence
Film form: material + special effects + 3D
Website: [url removed, login to view]
The text commentary
Blockchain is the foundation of the next generation of the Internet, it will reshape the future of human society in a decentralized way.
Subject to objective factors such as P2P networks and consensus mechanisms, the public blockchain has very low processing power.
For example, Bitcoin and Ethereum each have less than 7 transactions per second, which is far from meeting actual business needs.
How to break this bottleneck in technology is the key challenge for the current development of the blockchain.
Fast Access Blockchain is the first complete blockchain network system designed from the underlying protocol to address the issue of efficiency,
using Foundation Blockchain, the Annex Blockchain and the Open Storage Architecture by implementing new key technologies such as KanBan, SCAR and CCUA , FAB’s system perfectly solved the public blockchain major problems that decentralization, scalability and reliability cannot coexist in an ecosystem.
The foundation blockchain provides the base protocol, the highest level of trust legitimacy, final confirmation, and smart contract specifications, which are the foundation of the entire system.
Annex chain can provide powerful transaction processing capabilities, but how to avoid the centralization defect? How to prevent double-spending attack?
KanBan: (KanBan data flow diagram)
Maintaining the Annex chain transaction status by setting KanBan in the foundation block chain node in a global way;
Annex chain transaction data is also stored in a decentralized manner to the open storage system, while the user-related block data is also stored in the user terminal;
This mandatorily ensures the decentralized feature of the Annex chain transactions.
SCAR: (SCAR data flow)
SCAR effectively assures the safety and reliability of the annex chain transactions and effectively reduces the volume of transactions submitted to the main chain.
CCUA is the abbreviation of cross-chain unified address protocol, which consists of four code segments, address type code, chain code, address code, and verification code.
Addresses with the same address code are owned by the same owner and are managed by the same private key.
From protocol-to-architecture integrated design and together with a number of key technology innovations, FAB will be the first blockchain system in the world that truly meets the needs of real business applications.
It will lay the foundation for building decentralized applications of next generation such as e-commerce, logistics, supply chain, Internet of Things, and medical systems.