BloXroute (BLXR) – Scales ALL Blockchains to thousands of TPS on-chain, w/o changing their protocol

by birtanpublished on September 21, 2020

So what's going on guys we got another good one guys uh this one is called blocks route okay blocks route is a scalability solution which allows all cryptocurrencies and block chains to scale to thousands and transactions per second on chain without changing their

Protocol sounds pretty interesting right so for this project I wasn't the one that founded our block chain Brad was the one who told me about it so if you don't know block chain Brad is uh this guy is awesome he's on all the best

Block chains first he's usually the first one to review them and he has interviews with like CEOs and stuff's he's got like tons of videos uh give him a follow right you'll find a lot of good projects very first before everybody

Else but today we're gonna discuss blocks route so this is a website as you can see their website is kind of bare there's nothing really much out for the iceo there's barely any information up for this because they're very early on

This guy's but I scrounge around the internet I found really good quality information that I want to share with everybody and my purpose of this whole presentation right now is to help the average person understand how blocks

Route works it's a bit technical the white paper is very technical if you really try you can understand but I try to break it down as best I can to help the average person out alright let's get into this so first off let's start with

The problem we all know the problem is scalability right there are many efforts to address the scalability challenges like for example the Bitcoin Bitcoin cash Z cash and other blockchain communities all have their ideas on how

To scale the transaction capacity of decentralized peer-to-peer networks some protocols require protocol changes a minor approval while other proposals require significant compromise on centralization or security to be made

The blocks well team are proposing an alternative that allows existing blockchain to scale without changes or compromises on centralization or security you're probably wondering what solution do they propose and how are

They gonna do it before I explain that let's take a step back in time 20 years ago when the internet was still in its infancy economy came along to create the first content distribution network this technology breakthrough helped data

Propagate more quickly across the internet making the internet more usable in the process blocked route works similarly to content distribution networks but for block chains hence blocks route is the first blockchain

Distribution Network so what is a content distribution network and how does it work websites nowadays are optimized by content distribution networks we know

Specific content is reused time and time again so we put them on the content distribution network which distributes them across the world in specific location so we can optimize getting the data from there they increased delivery

By four mechanisms they keep data in memory because memory is much faster than disk they also have a strong network infrastructure like a gigabyte infrastructure they have locations all around the world to facilitate faster

Lookup and lastly they have fast routing tables to quickly find the fastest and closest location to provide the data that is what blocks route is doing they are providing a content distribution network but for block chains so why does

The content distribution network work for block chains ok it works because the data is static this means that it doesn't change too often and when people access it it feeds the same data this changes considerably when that data is

No longer static like live streaming transactions but the argument could be made that the data is still shared across many locations so I'm gonna gather everything I'm gonna put it all together ok this is how a blocks route

Functions as a content distribution network for block chains as a developer first you install a piece of software called the magic gateway on your computer this magic gateway is configured to talk to the blocks route

Routing infrastructure this gateway has the following four jobs the first job is to communicate peer-to-peer with other magic gateways the second job is to communicate directly with the blocks road infrastructure the third jobs that

Keep in memory a list of all known transactions that are not yet archived with the 4 bit lookup index and the last job is to share lookup index contained in the block with other magic gateways that's pretty much the essence of it

Guys so a little bit of a background block start was inspired by preceding Bitcoin relay networks like Falcon which was designed by blocks routes team out of Cornell's isee-3 initiative and they also designed fibre blocks right has

Proven himself with these two projects right now they have experience right now in the blockchain industry and they are successful to sum it all up concisely blocks Rob propagates blocks more quickly across existing peer-to-peer

Networks which increases throughput on chain they've improved upon the early Bitcoin relay networks by creating a blockchain distribution network is provably neutral which means that the nodes or blocks cannot be censored they

Have created a sustainable business model that enables a powerful public utility for which all blood chains can benefit blocks rot was designed taking an account the following principles because of blocks route now your

Favorite block chains can implement blocks well and significantly increase Unchained throughput by doing so blocks row is designed to allow existing block chains to maintain their decentralization and security properties

While significantly increasing scalability on chain blocks rail can be implemented without any protocol changes or approval from developers and miners it can be implemented by individual node operators on purely bottom-up grassroots

Basis nodes that add up blocks route will start seeing benefits immediately and the more nodes that implement blocks route the faster the bluffs will propagate for the entire network so let's go back to the website and look at

The team we have four team leaders listed on the website right now so this gentleman here Yuri Yuri is the CEO and most vocal proponent of blocks Road which is his doctoral dissertation at Northwestern University Yuri is an

Interdisciplinary networks researcher and his work encompasses innovative uses of computer networks distributed block chain network schemes alternative content distribution networks and trustless peer-to-peer coordination and

Security the chief scientist Amen is the crypto duyen who has been involved in the field of crypto from a very start he had pivotal roles in characterizing the Nakamoto consensus and the DAO detection and aftermath that's like a huge

Security breach which lost I think close to 45 mil from the theorem I believe don't quote me if I'm wrong he is a pioneer in on and off chain scaling and most importantly for this project he is the inventor of the Falcon backbone

Relay so this guy Alexander Alexander is the chief architect and net neutrality expert and a full professor in the Department of Electrical Engineering computer science at Northwestern University where he's carolling on leave

Of absence I hope he's on a leave of absence to work on this job I give this thing becomes successful he'll never need to go back there ever again I wish you good luck Alex so Alex's work

On net neutrality has awarded him the NSF Career Award and he is one of the founders and a member of the steering community of Google's measurement lab initiative for monitoring global net neutrality his work in systems

Congestion control traffic analysis and content distribution have been widely disseminated on the internet finding its way to millions of users so this last gentleman mr. Basu he is a blocks route lab CTO he is also a

Member of the initiative for cryptocurrencies and contracts at Cornell University he's most well known for creating the Falcon Network which has been operational in the Bitcoin network since April 2016

So mr. Bowser's work aims to remove trusts without reducing performance and cryptocurrency systems he was awarded an NSF graduate research fellowship and paper award at ACM SIGCHI so here's some more advisers I've

Recognized this guy before I think he's I saw him doing his Beach with Vitaly butyl once this guy's famous for that video but he's an angel investor right so they have some more angel investors here guys you guys can check these guys

Out and look for them yourself but um I think this is a good start to the project right now this this is just a very strong idea and they're doing something that nobody is doing I know they're working on scalability but

They're just a way that they're gonna tackle it like from you heard from this presentation it's groundbreaking and if they can do it if it can really hit it guys this thing was gonna sell closed come time to the ICO this is gonna be

Very easy thing to promote for people so I think the ICO is gonna sell by the way guys this is not financial advice do your own research these are not investment recommendations by all means these are just for discussion purposes

Only this was case sim from crystal pedia we got more videos to come we've got more reviews guys and we out

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