Launch of BBK could be a game changer for blockchain technology
Bluebucks is set to launch its highly anticipated blockchain technology on April 6th. The field of blockchain technology has experienced exceptional growth in recent times, with a number of cutting-edge solutions being created to maximize its potential. Despite the remarkable progress, several blockchain networks still require help in terms of scalability, security and usability.
BBK has emerged to fill this void, introducing a revolutionary approach to blockchain technology that addresses these concerns and elevates the technology to a higher level. Essentially, BBK is a next-generation blockchain network designed to provide superior performance, scalability and security. The platform uses advanced technologies such as sharing and consensus algorithms to enable fast and efficient processing of transactions and data storage.
BBK stands out due to its hybrid PoS/PoA consensus model, which allows for fast block confirmation and resilient network security. In addition, the platform prioritizes user experience, provides user-friendly interfaces and simplified processes for decentralized finance, NFTs and other applications. Overall, BBK represents a major leap forward in blockchain technology.
Despite the growing number of proposed decentralized apps, the current blockchain ecosystem is ill-equipped to scale and meet the demands of end-user applications with mass adoption. The user experience of DApps is inferior and not user-friendly for average users. Slow block confirmations, high transaction fees, low scalability and poor user experience are significant obstacles to mass adoption of blockchain applications.
BBK Network is an innovative blockchain ecosystem designed to overcome the challenges that hinder the widespread use of DApps in current blockchain ecosystems. To achieve this, the BBK Network uses a high-throughput blockchain with consensus provided by a select group of block producers selected by a set of Stakers for each checkpoint, ensuring both decentralization and fast block times.
Unlike public blockchains that maintain time delays between adjacent blocks to allow block propagation, the Bluebucks Network uses a Block Producer layer to generate blocks, thereby solving this problem. The system uses PoS checkpoints to ensure decentralization and pushes these to the Mainchain (with Ethereum as the current main chain). This allows the BBK network to potentially achieve up to 1,00,000 transactions per second on a single sidechain, leading to better scalability. In addition, the BBK network can easily add more sidechains horizontally in the future to increase the total number of transactions.
Maintaining and validating the entire blockchain can be difficult, leading to fewer full nodes on public blockchains, which poses a risk to decentralization. However, Bluebucks Network’s primary layer providing decentralization may choose to store only the BBK chain’s blocks from the previous checkpoint to the next, with all previous transaction/block proofs sent to the main chain. This enables low-fidelity PoS nodes that can run on inexpensive machines with low storage space.
The BBK network uses a state-based architecture on an EVM, eliminating the need to open payment channels between two parties. Any valid Ethereum address is also a valid BBK address, and a recipient does not need to be in the BBK chain to receive payment. They only need to have a BBK wallet to retrieve the payments on the main chain or use them in the BBK Network ecosystem. Unlike other blockchains that charge high transaction fees, BBK Network intends to provide lower transaction fees by using a high-throughput blockchain with PoS consensus.
BBK is revolutionizing blockchain technology with its ground-breaking consensus model, user-friendly platform and ground-breaking features. It is the perfect solution for people seeking a secure and convenient way to interact with decentralized finance and non-fungible tokens.
