What is DNA & What are the Problems faced by the Current Blockchain System?

in #dna5 years ago

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1. Current Problems Related to Blockchain Networks
Although the blockchain technology has made life easier for numerous people, however, like everything, it also has its pros and cons. This technology is still new, and there are several problems that need to be fixed before the whole world could adopt this technology. After the recent upgrades, BitCoin is able to provide its users with only seven transactions per second. Also, one million bytes after ten minutes pass. This is because of the decentralization of the whole system. Currently, bitcoin has ten thousand nodes making it a significantly decentralized network. Moreover, the bitcoin network is censor resistant too.

There are several networks that have two, three, or four nodes, and they are run by the BFT algorithm. It is a consensus algorithm, and by this, the networks have been able to achieve millions of transactions in a second. Also, this increases storage capacity significantly. But, these are not genuine blockchains because they are not decentralized or censor resistant. EOS is one of the networks using this BFT technology. It is a really balanced network with twenty-one nodes and several thousand transactions a second.

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In the past half-decade, the main focus of bitcoin and Ethereum is scalability. Everyone related to blockchain is studying it more broadly. Bitcoin and Ethereum have made numerous alterations and authentication based systems. There are several proposed methods to achieve scalability for a temporary period. Similar to EOS, these solutions are temporarily utilized by bitcoin and Ethereum for keeping a balance between decentralization and scalability.

2. Introduction to DNA
What is DNA? It is a combination of decentralized, scalable, programmable, and fast architecture with dual network. This architecture helps in understanding the problems faced by the modern blockchain industry. Also, it provides with the solution to each problem.
The best way to solve the decentralization and scalability was is to run a parallel system along with the main network. DNA has done exactly the same and has provided with the solution to every problem. DNA introduced a quick blockchain with higher transaction volumes per second. Numerous consensus algorithms help in optimizing and decentralizing the whole structure, providing with more interoperability when it is adopted by other networks.
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This layered system is based on the layered structure of the internet. The Internet has layered architecture for every single function. Likewise, DNA utilizes the same layered structure for every different function. Because of this layered design, a common infrastructure is created for every single function and application. It connects each of them differently, the same as the internet.

Because of the division of the whole system into different layers and sub-layers, every layer can work to its full capacity without any delay and interference. It shows how important DNA has been for the blockchain industry. The older frameworks are old and rusty. Whereas, the layered structure of DNA has made this blockchain technology just like the layered internet structure. This helps a lot in the decentralization and scalability of the blockchain.

Company related information you can see here

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