SharkChain
Ultimate Hybrid Blockchain
SharkChain
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POS POW EVM
PROOF OF WORK + PROOF OF STAKE
CONSESUS & SECURITY LAYER
ETHEREUM VIRTUAL MACHINE
APPLICATION LAYER
Introducing SharkChain
SharkChain is the Ultimate Hybrid Blockchain, combining the best of Proof-of-Work (POW), Proof-of-Stake (POS), and Ethereum Virtual Machine (EVM) technologies.
A POS (Proof-of-Stake) and POW (Proof-of-Work) hybrid blockchain is a type of blockchain that combines the features of both POS and POW systems in order to achieve consensus on the network.
In a POS/POW hybrid blockchain, users can either participate in the network by holding a stake in the cryptocurrency and being selected to create blocks based on their stake (as in a POS system), or by competing to solve computational puzzles and create blocks (as in a POW system).
SharkChain is designed to provide users with an intuitive, easy-to-use interface, allowing them to quickly and safely transact with each other. With its advanced features and capabilities, SharkChain is the perfect solution for anyone looking to maximize their digital asset security and efficiency.
ROLLUP Layer (POS)
ROLLUP
SINGLE BATCH
SHARDING
BASE Layer (POW)
EVM Application Layer
POW POS EVM
Network can benefit from the security and decentralization of a POW system
Faster transaction speeds and greater scalability of a POS system
Common Application Development
Environment for
EVM Developers
SHARDING
A partitioning technique used to distribute the computational and storage effort across a peer-to-peer (P2P) network so that each node isn't tasked with handling the transactional load for the whole network. Instead, each node only keeps data about its division or shard
SCALING
Most of the Transaction will be processed on Layer 1 POW till network is able to handle 15 TPS after this the transactions will be delegated to Layer 2 POS which will process transactions securely with the help of Layer 1 and will be able to handle speeds upto 100,000 TPS*
ROLLUP
Layer 2 POS Chain will ROLLUP the transactions into Single Batches and will submit to Layer 1 POW Chain as a Single Transaction. The TX will be Treated as Valid but will be challenged if fraud TX is detected
POS Technology (AT Risk!)
Most of the present day blockchain have implemented or upgraded to POS Consensus based technology to increase their Scalability, Performance and Speed but with the added Advantages there is a high proportion of Disadvantages as the POS Technology and its Architecture is more susceptible to Centralisation Risks and various other Venerabilities that threaten the Narrative and Purpose of the Decentralised Blockchain Ecosystem
RISKS & CHALLENGES
Centralization risks
Because users who hold a larger stake in the network are more likely to create blocks, POS systems can potentially become more centralized over time. This can lead to a concentration of power among a small group of users, which could compromise the security and decentralization of the network.
Stake grinding
Some users may attempt to manipulate the POS system by engaging in a process known as "stake grinding," which involves transferring their stake back and forth between multiple addresses in an attempt to increase their chances of being selected to create a block. This can potentially lead to an unfair distribution of rewards and undermine the integrity of the network.
Rogue Validator
A user on a proof-of-stake (POS) blockchain who deliberately attempts to compromise the security of the network by manipulating the consensus mechanism.
ROGUE Validator
A rogue validator is a term used to describe a user on a proof-of-stake (POS) blockchain who deliberately attempts to compromise the security of the network by manipulating the consensus mechanism. This can be done in a number of ways, such as by staking a large amount of the underlying cryptocurrency and using it to create multiple blocks in a short period of time, or by colluding with other users to control a large portion of the network's staked assets.
A rogue validator may attempt to collude with other users to control a significant portion of the network's staked assets. This can allow them to control a large portion of the network's computing power, which can be used to compromise the security of the network or manipulate the consensus mechanism to their advantage creating a centralized authority figure.
Alternatively In a POS system, the creator of the next block is chosen in a deterministic way, depending on the stake that they hold in the network. This means that users with a larger stake are more likely to be selected to create blocks and receive the block reward. A rogue validator may attempt to exploit this system by holding a large amount of the cryptocurrency and using it to create multiple blocks in a short period of time, which can give them an unfair advantage over other users.
Overall, the presence of rogue validators on a POS blockchain can potentially and easily undermine the security and integrity of the network, and can lead to an unfair distribution power.
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