Introduction To Wise Blockchain

The emergence of digital transactions at that time changed the system that had been adopted during the transaction process. If trades are done virtually using Internet facilities and advanced technology services, where are these transaction data carried? For each transaction made with a digital system, the transaction data will be stored in a cash book, which is of course also digital, but using distributed cash book or Distribution Ledger Technologies (DLT) technology. DLT technology is currently used by blockchain platforms to store all transaction data that has already occurred on this platform. The technology of the blockchain is decentralized: each data will only be stored centrally on a platform. Blockchain technology system was introduced for the first time by the Bitcoin platform. In the beginning, the data system used the cryptography that was generally used at that time in the data structure and the consensus algorithm to implement a less reliable distribution system. This problem was then solved with the solutions provided by the blockchain system and the Bitcoin digital currency algorithm. Over time, the blockchain system is not only linked to the word cryptocurrency (digital currency), but its application has been developed for smart contracts (smart contracts) and the concept of IoT (Internet of Things).

By providing multiple block chains, it is expected to reduce the workload of a block chain deemed too heavy to accommodate as many connected IoT devices, so as to make the chain heavy. With a number of blockchains, the workload can be divided into certain groups, which can increase energy efficiency and improve system performance. The many types of devices connected in a blockchain network, WPBMN must be able to manage all these IoT devices in order to stay connected to the system. Every transaction made in the blockchain system must be configured and optimized through different types of connected devices. The WPBMN must ensure that each process performed does not reduce the power of the device and its memory and determines which devices can be used as nodes to ensure continuity of network connectivity.

Wise was introduced in early 2016 as a protocol for sending messages to one or more terminals combining property, hardware base, processing, main blockchain and radio waves with infinite-channel Internet facilities that connect all devices with technology of things) that can increase the novelty of the system of access and use of information. In addition, Wise also creates an advantage through which IoT technology can support the development of the economic sector with a new system and is supported by blockchain technology.
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Platform Wise has developed an idea to provide a scalable network system that can support and help reduce the workload of billions of IoT devices around the world. Wise creates a technological system in the form of a chain to infinity to increase the speed of transaction processing instantly and without limits. In case of a problem or if the system is down, the technology developed by Wise can create a number of independently applied specific side chains that can be connected to other network collections. This network allows to know the number of chips on a blockchain. This made the Wise Technology Support Network Decentralization Systems configurable and exploitable compiled into the Proof of Possession (POO) consensus protocol.
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By using IPFS, the blockchain itself isn’t stored in each individual node, yet store off chain somewhere in another storage chain. The network will then work together working on different parts of the chain and come up with a hash that will verify the current block. The mesh network will act as a mediator and point each individual node at the area of the block they will be working on. This solution resolves many of the problems being faced by the block chain economy. The computing power necessary to further verify transactions isn’t limited to one node, which will result in much more efficient use of computing power due to parallelization of the task being handle. This will also save storage space since there will only be one copy of the block at any given time.

But does this not mean that the block chain itself is no longer decentralized, since there is only one version of it. This is in fact not the case. The IPFS protocol is a block chain in its own right. This results in the ledger itself being decentralized. In order to update the single ledger in unison, the nodes of the network will have to reach a consensus, and this has is then given to the IPFS chain which will then update the block. This solution will result in true decentralization. The solution presented is applicable to multiple arrays of different block chains. Resulting in a combine and very scalable network, where and increased number of nodes and computing power will also increase the total throughput of the chain

For more information about WISE check the links below