What is the Bitplane Layer (Bitplane Layering Principle)

08/06/2023 22:16 • Crypto & Markets • 45 views

Editor’s Note: This article is from Ethereum enthusiasts (ID: ethfans), written by Alex Behrens, translated and proofread by Min Min&A Jian, and reproduced by Odaily Planet Daily with authorization

It has existed for a long time since Bitcoin, but with the continuous development and progress of the Cryptocurrency industry, people have also realized the importance of blockchain technology. At the beginning of Bitcoin’s birth, it provided a foundational platform for numerous financial services – the “peer-to-peer payment network”. This is a method of implementing distributed accounting through smart contracts, which enables both parties to settle, send, or receive digital assets without relying on third parties. And what happens when you link one system to another? As we all know, Bitcoin is a special Electronic cash system based on a decentralized protocol. Peer to peer “refers to an online wallet address that anyone can create, which will be controlled by a single entity and processed using specific algorithms for these account balances Usually, users only need to log in using their wallet. Due to the anonymity of each node, its identity cannot be confirmed. However, for Bitcoin, this type of network is not completely secure. On the contrary, they provide a way to ensure that data is not vulnerable to attacks such as hacking, thereby preventing stolen funds from flowing into the market. If one day someone tries to tamper with a user’s account history, they will discover that they actually have their own account information and password. So, as long as someone else is willing to believe his words, then this website may disappear forever. Of course, there are also a few exchanges that have not even considered this issue Nevertheless, some companies are still trying to develop various solutions to meet the needs of their customers, and companies like BitGo are also working hard to solve similar problems. For example, a company based in Singapore has announced plans to launch its new hosting service by the end of 2020. Another company called Stacked. io claims to be developing blockchain based application programming interfaces (APIs) In addition to the traditional hardware layer, public chains such as Hyperledger Fabric, Tezos, and Zcash also support this feature. Although these new products may bring higher security and privacy requirements to customers, they do not guarantee the security of the entire process; Because only audited projects are likely to meet regulatory requirements. On the other hand, many companies also hope to improve security and performance without compromising the integrity of existing systems. However, some companies seem unsure whether they will invest significant resources in the future. In addition, many companies are seeking to increase costs to cope with the upcoming crisis

Bitplane Layering Principle

According to official sources, explanatory explanations based on the Bitcoin Legal Proof Of Capacity principle show that if the “mining” concept is used for sampling in Bitcoin networks, the model can be obtained proportionally. But this cannot be used as a reasonable assumption. Therefore, in theory, “Powming proof” can be applied to many blockchain systems and Cryptography projects, and also has operability and practicality.

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What is the Bitplane Layer (Bitplane Layering Principle)

Bitplane Layering Principle

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