Nowadays there are many inherent challenges to the existing Blockchain. Among them, we can distinguish the following main problems ...
Low level of capacity caused by the calculation of permanent data.
Progressive increase of Blockchain data volume, which in turn causes problems when there is a complete synchronization.
High transaction costs.
We are pleased to present the VestChain Project , whose representatives state that they can contribute to solving the problems mentioned above.
VestChain is a Blockchain ecosystem similar to a tree, made of multidimensional branches and Blockchain, whose objective is to connect all the data networks and transform the Internet services in Blockchain format.
The VestChain Platform is formed by StemChain and BranchChains. StemChain stores all the information of BranchChains, connected to VestChain and allows them to work together.
StemChain is optimized to scale the transaction process and is being expanded by storing minimal but essential information. BranchChains are created as independent Blockchain so they are not affected by transaction failures and the overhead of other BranchChains.
VestChain rewards users with a higher reputation with low or even zero commissions. Reputation is calculated on the basis of time and useful actions performed on the network; the greater the reputation, the lower the commission.
As the team's representatives say, at present, VestChain focuses on two areas, in which they have sufficient experience: modern technologies and remittances.
The main means of the VestChain economy is the Token VEST that makes the basis for the calculations within the operation of the whole system.
Token VEST is issued by the Ethereum platform and complies with the ERC-20 standard. Its compatibility with the standard guarantees that the integration of tokens with the exchanges and other services will not be more complicated than those of any other token issued in the base of Ethereum.
In conclusion, the VestChain representatives state that after the launch, emphasis will be placed on the permanent improvement of the quality and efficiency of the system as a whole; In addition, the organizers claim that the transaction cost will be reduced.
Yesterday, VestChain started the AirDrop. To obtain the Tokens, you must register on the official VestChain site .