About Yuan Chain
Technology
The Yuan Chain platform combines various innovative technologies,such as Hot Replacement Smart Contract and inter-blockchain technology, building a new blockchain network architecture. It features the decentralized characteristics of public blockchain while capable of having the high performance and privacy for which a permissioned blockchain is needed.
Yuan Chain (YCC) is the new generational public blockchain. Yuan Chain constructs a simple but high-performance main chain with various flexible and diverse parachains, which store and validate data in the blockchain in a low cost and fast way, allowing assets and debts to transfer and confirm under a privacy-controllable condition.
Moreover, Yuan Chain integrates smart contracts and designs token-incentive collaborative mechanisms, enabling value transfer on the internet and building a trustworthy society.
Technical Features
- Main Chain is highly stable like the bitcoin network, no virtual machine, high concurrency, TPS will reach 10,000 in the future.
- Major Hash logo of parachain will upload to main chain, ensuring immutability.
- Adoptions of smart contract and virtual machine on parachain, which will have no impact on main chain’s security and stability.
- Interoperability between parachain and the main chain is highly efficient and stable, making sure that main chain is authoritative and parachains are diverse.
- Innovative consensus mechanism DPOS + BFT, elective block creation and validation nodes, similar to jury system, ensuring a fair and efficient consensus.
- Integrate Ethereum smart contract with Yuan chain seamlessly, C2C trading with bitcoin, ethereum and others.
Business Use Cases
Technical support: Corporate debt note, Asset on-chain, Membership points alliance, Deposit certificate, Asset tracking, Exchange, Wallet.
Potential use cases: Flower, Gift, Phone, Energy, Pet, Catering, Environment, Automobile, Home appliance, Clothing, Power, Health, Education, Architecture, Real estate, Trade, Cryptocurrency, Artwork, Exchange, Wallet, Chat, Law court, Government.
Why YCC
- Easy to use, no barriers.
- Back with a team of 300 outstanding developers and other specialists.
- One-stop full service, from start to end.
- High scale ecosystem, large coverage, good for the development of individuals and SMEs.
- 100% developed and designed in China, upgrade and maintenance will not be limited and constrained by foreign blockchain network.
- 40% of the mining revenue goes to development foundation as technology funds, enabling technically sustainable.
- Taken public welfare, taxation and government surveillance into considerations, grow together with the government and society.