Ozone Chain: Revolutionizing Blockchain with Next-Gen Scalability

Generated by AI AgentCoin World
Thursday, Feb 13, 2025 7:15 am ET1min read
EFSC--
ETH--
UPC--

Ozone Chain (OZO), an open-source blockchain platform, promises scalability and versatility for developing decentralized applications (DApps) and smart contracts with high interoperability. OZO, the in-house currency, facilitates cash profit operations within the cryptomarket universe. The platform's forward-looking technologies have earned it the moniker "Next-Gen blockchain."

Built on Java and based on the Ethereum Protocol, Ozone Chain (OZO) offers improvements in private networks. It is a flexible and privacy-centric suite, customizable to various consensus algorithms for enterprise transactions, contracts, and specific blockchains.

Ozone Chain (OZO) secures data integrity using Merkle trees, which generate a binary hash tree structure. Each global asset has three Merkle roots: stateRoot, transactionsRoot, and receiptsRoot. This architecture ensures secure and ordered end-user transactions, with overall structure validation rendering the blockchain immutable and resistant to fraud attacks.

The Ozone Chain (OZO) platform is Turing-complete, enabling the creation of sophisticated smart contracts. The Ethereum Virtual Machine (EVM) executes these contracts and handles them across network nodes, solving denial-of-service attacks and censorship.

Solidity, along with other supported languages like Viper/LLL, allows writing smart contracts. These agreements are traceable, transparent, and irreversible without a third party.

Ozone Chain (OZO) uses the QBFT PoA consensus protocol, which requires less computational power, resulting in low cost and high throughput. Validators selected based on trust validate transactions and update the blockchain. Gas powers the network, incentivizing validators to maintain the O3 validator and execute transactions.

The platform integrates seamlessly with other applications through JSON-RPC, supporting various APIs such as HTTP, WebSocket, and more. This enables self-sufficient integration with any application.

The deterministic Merkle tree structure allows for efficient database operations (inserts, lookups, and deletes) while maintaining consistent root hashes.

Ozone Chain (OZO) nodes are classified into validators and non-validators. Validator nodes produce blocks, while non-validator nodes sync with validator nodes to maintain ledger consistency. Nodes connect through a peer-to-peer topology of quantum-secure tunnels, secured by post-quantum lattice-based cryptographic algorithms. Light synchronization utilizes Merk

Quickly understand the history and background of various well-known coins

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet