The transaction capacity of cryptocurrencies, in comparison to widespread payment solutions such as VISA define the currency.
The inherent slowness of the Blockchain is a problem to find the right gap between speed without compromising security, decentralization, or consensus.
For example, Bitcoin has embraced the notion of being Digital Gold before they release their lightning network after the implementation of Segregated Witness.
But there is a similar matter, how is the Blockchain going to scale at such a level? How can we reach Visa’s 1,700 transaction per second average and implement that in Bitcoin without compromising? Ethereum’s proposal on scaling to Ethereum 2.0 is due to sharding, which may greatly boost the speed of the chain.
However, we at the Lineage Foundation have found that on-chain scaling is much needed,
and thus we have come up with a solution that allows decentralization, speed,
and prevents the manipulation of third parties on aspects of the ecosystem.
New Algorithm, All Full nodes, Zero Second confirmation, Offline and anonymous transactions
|Restricted countries||No restrictions|
The time period will be from the end of the Initial Coin Offering until April 2018, by then we should have completed the following:
- VISA Scale transactions
- A full fledged working Blockchain
- A successful token swap
- Beta release of LineageSP (on Android)
- LineageSC being widely adopted through vigorous beta testing
- The creation of fiat 'portals'
- A pseudo-sharding solution for Ethereum
- Hash Scanning ready for Offline-Online devices, and beta testing on Offline-offline
- To allow over 1,000,000 Artificial Intelligence anchors between different networks
The mass roll out of Lineage is from April 2018 onwards, with full support for the following:
- 0 second confirmations
- New algorithm that can scale to 50 mb per device
- LineageSP full release
- LineageSC full release on all platforms, including iOS
- Fiat, Bitcoin, Ethereum, and fiat gateway portals
- Complete cross-chain sharding solutions for all top 10 coins
- Hash scanning for full offline-offline transactions
- Ported second layer solutions on a universal off-chain sect
- We have completed Phase 2 when more than 5,000,000 users are running the wallets
Phase 3 is a merchant adoption period, where we plan to incentivize companies to use our blockchain technology if they haven't done so already. More information will come as this time gets closer.
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