Bexam (Singapore based) and Early Works Co. Ltd. (Japan based) Company developed a new hybrid concept of algorithm called Proof of Rounds PoR that holds an unprecedented speed capable of processing 40 Million TPS. This is much faster than existing Cryptocurrency and Blockchain technology such Bitcoin, Ethereum and EOS. Scalability was obtained by the use of PoR and DAG (Directed Acyclic Graph) System which basically stores every transaction that occurs over the entire network. The DAG system approves the transaction without creating blocks (0.2 secs. blocks creation) at all which improves the speed. Please refer to the whitepaper for more details.