In today's technology, there are a lot of solutions that allow users to leverage finance systems in a decentralized model. As the growing economy in the blockchain industry increases, the technology begins to generate problems on its network due to huge numbers of users embracing the tech. This is why we see scalability and accessibility as two major factors in the industry.
Transformers entered the space with unique solutions. Let's talk about it.
TFSC as they called Transformers comes with four solutions which which everyone can easily interact with. These solutions are completely decentralized in a public chain that anyone can read, send transactions, confirm transactions, and participate in.
Transformers use a lightweight Raindrop Consensus Protocol which gives the capability to parallel process blocks by multiple blocks and this solves one of the major problems faced in the blockchain that is Transformers (TFSC) is scalable in its performance.
When you consider POS consensus, which is generally used by many, there is a need to stake certain numbers of tokens on the network as verifiers and Whales or those with huge numbers of tokens are the shakers of the network and definitely this may lead to an oligopoly effect in incentive allocation. This is what TFSC sighted and designed the raindrop protocol, which enables the verifier to participate in the network consensus fairly and with low energy consumption on the premise of ensuring security and avoiding the oligopoly effect of energy strategy and economic strategy in the long-term development process. Quote
In terms of transaction speed, TFSC is cross-platform and efficient and its on-chain speed is very fast, meaning in 1 second transactions are confirmed. Blockchain technology revealed that one chain can't solve speed, time and security at the same time but TFSC with its Raindrop Consensus Protocol solve all this in one. Its features come with these advantages:
1. Scalability: TFSC is set to go on cross-chain to accommodate as many users on its chain. On this chain, higher bandwidth capabilities are set which will allow transactions to carry a large amount of easy-to-manage supporting data.
2. Security: This is highly important and TFSC adopted a large number of VRF protocols, and Byzantine fault tolerance mechanisms to tackle security on its network. With this in place, should there be any issue on any nodes, the Transformers network can not be affected.
3. Data Transparency: TFSC is a completely open decentralized chain and therefore, any node can view the account balance and transaction activities of other nodes.
Other Advantages are:
Speed, Immutable, and support to other chains.......
When you are considering the overview of TFSC, the common goal of the team can be summarised as Decentralization, autonomy, equality, and freedom.
Get more info on the official Website:
