Bitlattice is a new paradigm and fundamentally different from Bitcoin and the major alt-coin protocols. It is something very novel and experimental. Bitlattice mitigates many common issues in the classic blockchain including scalability, timing, complexity, and the inability to have independent oracles. Blockchain as a technology is already quite old. The majority of the underlying protocol on the Bitcoin blockchain is reasonable. However, there are some points that hamper wide and eager adoption of it. For example, well-known scalability issues stemming from the flatness of the chain (and few other factors as well). Time stamping problems stemming from the distributed peer-to-peer architecture that actually wasn't designed for this purpose (while there are many different implementations of p2p protocols in general, they differ with only a handful of schemes). There are also higher level issues, like which proof to pick, what prioritization to set, how miners are placed inside a network and many more. All of them have certain benefits and drawbacks. Our project differs substantially from traditional projects because it is not a blockchain. While it still provides the same fundamental benefits, lattice architecture is totally different thus providing additional benefits and solving several inherent blockchain issues.

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Bitlattice

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Blockchain

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07 Dec 2016 00:23:35

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