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CHAMELEON A PEER TO PEER LEDGER TECHNOLOGY
The form of ledger used in Chameleon is distributed with redundancy so that no single peer holds the entire ledger. Transactions are validated by multiple randomized graphs over the network. Given the statistical nature and thermodynamic parallels, the Chameleon ledger is termed, The Molecular Ledger, for short. The ML will be able to handle transaction volumes in the order of several million per day. The existing Blockchain based ledger replication scheme per node will not scale in terms of data volume.
The diagram is a logical depiction of how ledger data can be shared among nodes without the need to replicate the entire ledger and also that there is sufficient redundancy such that the ledger remains completely with a tolerance of nodes either disappearing or misbehaving.
CHAMELEON; A SCIENTIFIC PROJECT TO ADDRESS INTEROPERABILITY, SCALABILITY, FAULTY SMART CONTRACTS AND FACILITATE A VERY HIGH TRANSACTIONAL THROUGHPUT FOR GLOBAL USAGE. INTRODUCING NEW TECHNOLOGY: GRAPH
WHAT WE DO
The world of Blockchains is growing fast. The need for interoperating with other private or open Blockchains is vital in creating a world wide Blockchain ecosystem. Each Blockchain focussing on their own strengths.
The Chameleon graph ledger will be the ultimate interface that has the ability to interconnect to other Blockchains around the world. Those Blockchains will be able to interchange the features they have. Chameleon will be standardizing connectivity, interoperability and will propose new standards in validating transactions and facilitate a lightning fast network throughput for global usage.