CUBECHAIN The 4th Generation Blockchain
Cube Chain is a 4th generation blockchain upgraded by solving the problem of the data speed and update required for block generation and agreement certification, which are the most significant shortcomings of existing blockchains, with cubing technology.
According to coindesk, the existing blockchain has the following limitations:
Complexity: Blockchain technology involves an entirely new vocabulary and the highly specialized industry is chock-full of jargon.
Network size: Blockchains (like all distributed systems) requires a large network of users, however. If a blockchain is not a robust network with a widely distributed grid of nodes, it becomes more difficult to reap the full benefit.
Transaction costs, network speed: As of late 2016, it can only process about seven transactions per second, and each transaction costs about $0.20 and can only store 80 bytes of data.
Human error: Any Mistake made in the process of inputting the data, will definitely affect the nature of the information stored. The phrase 'garbage in, garbage out' holds true in a blockchain system of record, just as with a centralized database.- "Coindesk"
Cube Chain is a new concept of blockchain technology that has high speed, double verification, data statistics and escrow functions. Cube Chain has a new way of storing and transmitting block information in the form of cubes using a distributed computer network. This concept is meant to correct the major flaws of blockchain highlighted above. Several other network technology will be built on the cube chain blockchain technology and these includes the CubeON ( Cube open Network), ASM - Corporate Call Center, and the Cube Chat - A system that enables participants to trade directly without fees and middleman.
CubeON is a social blockchain service platform based on the 4th generation cube chain, which is the open network. In this network, participants called P2P nodes can get their new compensations according to the agreement of other participants and their voluntary contributions. In CubeON, you can create a variety of content as a creator. A creator can get donation by participants with the function like ‘stake’ or ‘work’ contributions. After the judgment, if the points become accumulated, the creator can be rewarded with tokens. The donated points also make the creator get the permission to open their marketplace in a selected category within CubeChat.
ASM in CubeON is a customized AI service that can communicate with customers by analyzing big data. Corporates which are participating on CubeON can construct the existing call center function on this platform. Moreover, this messenger-based AI chatbot service can make the optimal answers with accumulated big data of the corporate. Corporates can reduce their costs that are necessary to operations and compensate customers with tokens who use ASM instead of the existing call center.
CubeChat is a messenger-based marketplace platform which assists online and offline transactions among users. CubeChat has a revolutionary system which has wallet, ledger, coins and escrow functions, so these make real-time payment. On ASM and CubeChat as blockchain services, people can make processes done securely and fast. All data are saved to ledgers, and the transactions itself can be the contracts. It means not only people use the services to get information, but also make real contracts to each other.
You can get more information about this project from bountyhive website, including the ICO, the softcap and the hardcap.
bountyhive.io/r/steamcrypto
