Ethereum is a distributed computing platform based on block chain technology. Ethereum is an advanced block chain technology from Bitcoin, which stores simple transaction records and is only used as a means of payment, and provides tools, libraries, and APIs for third-party developers to develop their own DAPP SERVICE.
Ethereum is currently developing 2.0 to dramatically improve the speed down the road as the traffic increases, and is expected to release 2.0 in 2020.
The GXT platform is developing advanced services in line with the introduction of Ethereum 2.0. We will link the data of OFF-CHAIN and the GXT system with the Ethereum platform, which is ON-CHAIN, and establish commerce and FinTech platform services
On-chain transaction (GXT MAIN)
On-chain (Ethereum Protocol) registers transaction information on the GXT main block chain network by synchronizing the accumulated information through GXT off-chain transactions. At this time, only the necessary information is registered on the block by minimizing the information from the off-chain.
Off-chain transaction (GXT SUBNETWORK)
The GXT platform service requires a recording system application repository to track and store sensitive data. Important data include credit/input transactions/internal regulatory data (e.g. GDPR) in GXT accounts, and GXT COMMERCIAL SERVICES. This information records the traditional database in a traditional way.
Using relational databases to build auditing capabilities can make mistakes and require custom development, making it difficult to track and verify unintended data changes. By building a cloud-delivered off-chain system, GXT leverages a scalable serverless architecture to easily verify the integrity of past records. By effectively managing and connecting data generated from numerous off-chain logic to the on-chain, we aim to create a hybrid GXT system with a centralized and distributed ownership operation.
Centralized Network
Decentralized Network
GXT HIBRID Network
Transaction processing speed
After a transaction occurs, it takes quite a long time for the transaction to propagate to the block chain network and be finalized.
If GXT is used as a payment method in GXT's commercial service, it will take several seconds for Ethereum to generate blocks and deliver this result.
This is because services that need to be handled quickly are not handled by the on-chain and must be handled by the off-chain.
Private
After a transaction occurs, it takes quite a long time for the transaction to propagate to the block chain network and be finalized.
However, if you need to generate a transaction that contains personal information that you don't want to disclose, you can process it off-chain.
Cost/Scale
When tries to validate transaction. the cost must be paid to the miners. However, the number of transaction per second is scarce(TPS).
So if you're doing services like frequent micro-payment on the current online, you might have to pay more fees than the amount of money sent.
CLIENT LAYER
It provides a block chain application interface, and sends data used within the GXT Platform to the server via the GXT API as End Point.
STORAGE LAYER
The data linked to GXT turns to be Hash Code and operate the role as accumulating information on transaction.
GXT ONCHAIN LAYER
Validate your transactions with the node where the transaction occurred and share the transaction history. If there are nodes that are propagated to other nodes and are judged to be malicious attacks, we synchronize them to transactions that have been initialized and verified for integrity.
GXT ONCHAIN BLOCKCHAIN
The storage space of the block chain data structure. Store META DATA delivered from Dapp and blocks containing Merck Tree, certified digital sign information, hash, and transactions.
LAYER
Mobile
Dapp (Android / IOS)
GXT API
Admin Management
Off Chain / Transaction Data
KEY / META DATA
LAYER
③ SHA DECRYPTION HASH DATA / DECRYPTION KEY
CONTRACT
LOGIC
GXT SMART CONTRACT
ON-CHAIN
BLOCKCHAIN
GXT BLOCKCHAIN GXT TRANSACTION / ETH NETWORK