{"id":122802,"date":"2020-01-11T08:18:42","date_gmt":"2020-01-11T08:18:42","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=122802"},"modified":"2020-03-24T06:49:27","modified_gmt":"2020-03-24T06:49:27","slug":"dragonchain-test-demo-hits-15000-transactions-per-second","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/dragonchain-test-demo-hits-15000-transactions-per-second\/","title":{"rendered":"Dragonchain test demo hits 15,000 transactions per second on its public network"},"content":{"rendered":"

\u201cEnterprise-first\u201d blockchain platform Dragonchain<\/a> clocked a peak performance of 15,000 transactions per second in a 24-hour performance demonstration Thursday, as reported by the company\u2019s official Twitter account. The test occurred on its live, production network.<\/p>\n

Dragonchain said<\/a> that a quarter of a billion transactions were fully processed within the 24-hour window, making for an average throughput of 2,800 transactions per second, and peaking at 15,000 per second.<\/p>\n

\"Dragonchain<\/a>
Transactions processed – Dragonchain<\/figcaption><\/figure>\n

The results are encouraging for Dragonchain's claims<\/a> of “unlimited scalability” purportedly enabled by the platform's unorthodox consensus mechanism, Dragon Net. Instead of running a mainnet where all nodes share a homogenous ledger, Dragon Net mandates five “levels” of nodes whereby each node (user) stands alone as its own, unique blockchain, and fulfills a certain function within the network-wide verification process.<\/p>\n

\"Dragonchain<\/a>
Node, level count – Dragonchain<\/figcaption><\/figure>\n

As a blockchain-as-a-service platform pitched at enterprises, Dragonchain describes<\/a> its hybrid public\/permissioned architecture as striking a balance between keeping sensitive business data private, while incorporating the security and transparency of decentralized public blockchains.<\/p>\n

In 2018 the Seattle-based firm patented<\/a> its \u201cInterchain\u201d system, which connects Dragonchain\u2019s private network to a number of public blockchains including Bitcoin, Ethereum, and NEO. In practice, this mechanism gives businesses the ability to run the bulk of their operations on a private chain, and selectively publish information on a number of public blockchains.<\/p>\n

Dragonchain Founder and CEO Joe Roets<\/a> gave a nod to this after Thursday\u2019s test demo, reporting<\/a> that the 250 million transactions had been \u201cmemorialized\u201d with the \u201ccombined security\u201d of Bitcoin, Ethereum, Ethereum Classic, and Binance Chain.<\/p>\n

Update @ Jan 11. at 9:01 pm Pacific time<\/strong> – the article title was updated to reflect the Dragonchain test occurred on its public, live production network.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cEnterprise-first\u201d blockchain platform Dragonchain clocked a peak performance of 15,000 transactions per second in a 24-hour performance demonstration Thursday, as reported by the company\u2019s official Twitter account. The test occurred on its live, production network. Dragonchain said that a quarter of a billion transactions were fully processed within the 24-hour window, making for an average […]<\/p>\n","protected":false},"author":175,"featured_media":122813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60205,37],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nDragonchain test demo hits 15,000 transactions per second on its public network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/dragonchain-test-demo-hits-15000-transactions-per-second\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dragonchain test demo hits 15,000 transactions per second on its public network\" \/>\n<meta property=\"og:description\" content=\"\u201cEnterprise-first\u201d blockchain platform Dragonchain clocked a peak performance of 15,000 transactions per second in a 24-hour performance demonstration Thursday, as reported by the company\u2019s official Twitter account. The test occurred on its live, production network. 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