What is TOPC Topology Chain (Recent Situation of TOPC Topology Chain)
What is TOPC Topology Chain According to official news, TOPC Topology Chain is a
What is TOPC Topology Chain According to official news, TOPC Topology Chain is a blockchain-based payment platform, as well as a decentralized financial tool.
According to CoinMarketCap data, the global cryptocurrency market value was approximately 2.78 trillion dollars on November 16, 2018. The price of BTC has plummeted over 10% in the past week, but the company behind it – TOK Group, a Thai investment company, announced the suspension of operations and services by its subsidiary TokenPocket starting from December 22. Meanwhile, the website also suspended all exchange-related business activities in order to maintain the security of users’ assets and prevent losses caused by hacker attacks.
Recent Situation of TOPC Topology Chain
Recently, TOPC Topology Chain (TOPC) encountered failures after being deployed in multiple nodes worldwide. Currently, the online TOPC network is no longer functioning properly, and the team is working hard to restore service functionality and relaunch the platform’s currency, Topc. However, due to recent market fluctuations, the launch of Topc mainnet has been delayed.
According to Patricio Pondler, a blockchain technology developer at Tekla, this explosion is an important reason for its impact on the entire industry. Therefore, “prevention is better than cure.” For this reason, he proposed a solution: combining the existing network with a new consensus algorithm to provide a more trusted, efficient, and secure infrastructure for decentralized applications. At the same time, he also introduced distributed ledger and lattice graph mechanisms to solve data availability and security issues. In addition, a series of optimization measures have been included, such as supporting global uniqueness verification, to improve work efficiency and reduce resource waste.
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