![\"\"](\"http:\/\/www.getnews.info\/uploads\/7dc5ad5fe3a29fde4ea141e2e5327299.jpg\")
<\/p>\n
For the unaware, M&A platforms have to perform tens of thousands of transactions per second (TPS) since it serves a vast number of users all over the world round the clock.<\/p>\n
However, at this present moment, a critical problem that blockchain-based networks face is transaction processing speed.<\/p>\n
To illustrate our revolutionary breakthrough solution more clearly –<\/p>\n
In current times,<\/p>\n
Bitcoin technology processes 7 Transactions Per Second (TPS),
Ethereum technology processes 20 Transactions Per Second (TPS),
and EOS technology processes 3000 Transactions Per Second (TPS).<\/p>\n
![\"\"](\"http:\/\/www.getnews.info\/uploads\/cfdd5224069885aa50fc86c5d8b94391.jpg\")
<\/p>\n
However, this is still substantially slower when compared to existing services available in traditional electronic payments networks such as the VISA or MasterCard network.<\/p>\n
VISA, one of the world’s largest payment network operators, is known to process 24,000 Transactions Per Second (TPS)<\/strong>.<\/p>\n What this means is that blockchain’s peer-to-peer technology is unable to compete against traditional payments processing network. This would be critical to the expansion of blockchain technology in FinTech.<\/p>\n With such huge stakes at play, a large majority of blockchain companies are striving to research and develop their how-tos to attain faster processing speed, with Ethereum and EOS to name a few, hoping to emerge in the forefront.<\/p>\n As such, although a relative newcomer, GBC Korea is proud to announce that, “GBC is in the final testing stages in conjunction with TechCoins of Silicon Valley, U.S.A to handle 1 million units per second. Various technologies have been applied in the combination, however, the point is to use a new sharding technology based on the RPOS (Random Proof of Stake) protocol.”<\/p>\n Expanding on the new sharding technology, GBC Korea’s Representative Pak says, “We divide the entire peer-to-peer network into several node groups and select randomly selected node validators from each node group. One task is to create a node block with the agreement of the node verifiers and ultimately generate a master block by validating the shard validator.<\/p>\n “Amongst these procedures, the process of selecting a validator is automatically selected by the server randomly, and this process solves the 1% execution problem.” In conclusion, GBC Korea’s Representative Pak states, “By applying our revolutionary new technology, we will be able to provide customers M&A platform services based on blockchain technology safely and efficiently.”<\/p>\n Media Contact<\/span> The next wave is here. GBC KOREA, which developed the world’s first M&A (Merger & Acquisition) platform harnessing blockchain technology, will announce a revolutionary new solution that will solve processing<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts\/127545"}],"collection":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/comments?post=127545"}],"version-history":[{"count":0,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/posts\/127545\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/media?parent=127545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/categories?post=127545"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.honolulunewsnow.com\/news\/wp-json\/wp\/v2\/tags?post=127545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Company Name:<\/strong> GBC Korea
Contact Person:<\/strong> Steve Davidson
Email:<\/strong> Send Email<\/a>
Phone:<\/strong> +82-10-4502-3664
Country:<\/strong> South Korea
Website:<\/strong> https:\/\/gbckorea.co.kr<\/a><\/p>\n<\/p>\n","protected":false},"excerpt":{"rendered":"