Introduction of PeerSafe blockchain technology principle




        The PeerSafe blockchain (ZXChain) system is based on the MVC architecture, it is composed of ZX nodes which form the P2P network, providing the P2P connection and the blockchain service. ZX node will produce ledger (each size is 304-1024 bytes, if the network has 3 nodes, about 3-6 seconds) every moment, and then reach consensus output results rely on the vote of configured trust nodes. First update the block chain in the local memory, and then publish the latest block on the network. Each node repeats the previous process to generate the block, which updates the local blockchain. At the same time compare the local blocks effectiveness with the network blocks, and then make synchronization. The websocket service is packed in intermediate layer ZX-lib, which provides a more simplified interface to the upper layer. Presentation layer ZX-client is currently supported the desktop version (win/mac/linux) and web version.

 

Figure  1: the system architecture of the ZXChain



The technology comparison of ZXChain and other block chain is as follows:



ZXChainBitcoinEthereum
InfrastructureMulti-CenterNo  centerNo  center
TypePrivate  chainPublic  chainPublic  chain
ApplicationDigital  asset transaction

P2P Bitcoin transaction

Decentralized  application platform
Transaction  confirm time5s60Min20s
Consensus  mechanism

DPOS (Delegate Proof of Stake)

POW (Proof of Work)

POS (Proof of Stake)

Smart  contractSupportNot  SupportSupport


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