Loom is a new architecture for blockchain. It can achieve up to 710,000 transactions per second on a 1 gigabit network without data partitioning. Loom can eventually recover from a fault of any size, and it provides a way to cheaply verify a distributed ledger.
Bitcoin and Proof of Work is a phenomenal technical achievement. It’s a program that runs without interruption and is resilient to attacks and partitions. Scaling it has been a difficult challenge.
Not only is scaling throughput a hard problem, but any high performance blockchain has to deal with an ever increasing mountain of data. Scaling bitcoin to just 25,000 transactions per second would create a petabyte of data each year.
We solve both of the problems by solving for time. The key innovation proposed by Loom is Proof of History — encoding passage of time as data into the ledger. Loom uses strong assumption of time to construct simpler and more efficient consensus and storage protocols.
- auto inviter
https://loomprotocol-slack.herokuapp.com/
- slack
https://loomprotocol.slack.com
https://trello.com/b/RdNE8vbC/engineering
data structures for the protocol, data types must have C layout, and no gaps
network code, encoding is little endian C layout, not network effecient, but fast to read and write
state machine for transactions