Blockchain scalability without limits
Unlimited Scale
IronWeave is based on a patented shared-block architecture that provides many advantages over monolithic blockchains. One advantage that’s especially important to enterprise businesses is scale.
In IronWeave each participant gets its own blockchain, and when an event (an interaction) occurs between two or more participant blockchains, a shared block is created. Importantly, each interaction involves only the blockchains participating in that interaction. Imagine a hundred blockchains in IronWeave (or a hundred million – but for this example, let’s just imagine a hundred), and at a given moment an interaction occurs with three of them. While that shared block is created, the other 97 blockchains are unaffected, uninvolved, and completely unaware of that event; and importantly, those 97 other blockchains are idle – ready to engage in interactions of their own.
In IronWeave each participant gets its own blockchain, and when an event (an interaction) occurs between two or more participant blockchains, a shared block is created. Importantly, each interaction involves only the blockchains participating in that interaction. Imagine a hundred blockchains in IronWeave (or a hundred million – but for this example, let’s just imagine a hundred), and at a given moment an interaction occurs with three of them. While that shared block is created, the other 97 blockchains are unaffected, uninvolved, and completely unaware of that event; and importantly, those 97 other blockchains are idle – ready to engage in interactions of their own.
Unlike any other blockchain — and incomparable
Just like millions of separate conversations can be happening across the world at any given moment – independent of each other, and private – so can separate interactions be written to shared blocks in IronWeave at any given moment, independent of all others, and private to the participants. We’ve tuned IronWeave over years of development, scrutinizing every internal call and millisecond, to ensure it can scale the a world full of interactions, on global scale.
Across the world, millions of independent conversations occur at any given moment between two or more people, about a multitude of subjects. That same sort of scale is possible with IronWeave, using parallel block creation and independent blockchains, in our performance-tuned shared-block architecture.
Across the world, millions of independent conversations occur at any given moment between two or more people, about a multitude of subjects. That same sort of scale is possible with IronWeave, using parallel block creation and independent blockchains, in our performance-tuned shared-block architecture.
Comparison
The scalability of blockchains are usually measured in transactions per second, or TPS. In this context, a transaction is a less-flexible version of an IronWeave interaction. Bitcoin is capable of 4 TPS, and is effectively limited to value exchange. Ethereum is another popular monolithic blockchain, currently limited to between 15 and 20 TPS, with plans to hopefully reach 100,000 TPS in coming years. Other monolithic blockchains such as Corda or HyperLedger reach a few thousand TPS, at most.
Those monolithic blockchains are like everyone in the world convening on a single conversation, waiting to say a few words at a time, competing to finish their own conversation with everyone else trying to speak, all while blocking out the multitude of public cross-talk muddying the process.
In comparison – just on scale, for now – IronWeave is capable of millions of TPS, on each managed node, with no limit to the number of managed nodes that can be deployed. Private conversations, secure and separate from all others happening at the same moment on other chains, all across the world. Such global enterprise scale is possible due to IronWeave’s patented shared block, independent blockchains architecture. It’s scale and flexibility that monolithic blockchains cannot provide.
And while TPS is the most common measure of blockchains, there's more to scale than transactions per second. Blocks per minute is another important measure that has significant implications for utility and flexibility for any blockchain platform. Write latency, how it handles bursts of activity, and others are of equal importance, but are often overlooked until organizations have already spent resources to create a blockchain pilot, only to find blocking shortcomings (pardon the pun) in these and other areas.
Those monolithic blockchains are like everyone in the world convening on a single conversation, waiting to say a few words at a time, competing to finish their own conversation with everyone else trying to speak, all while blocking out the multitude of public cross-talk muddying the process.
In comparison – just on scale, for now – IronWeave is capable of millions of TPS, on each managed node, with no limit to the number of managed nodes that can be deployed. Private conversations, secure and separate from all others happening at the same moment on other chains, all across the world. Such global enterprise scale is possible due to IronWeave’s patented shared block, independent blockchains architecture. It’s scale and flexibility that monolithic blockchains cannot provide.
And while TPS is the most common measure of blockchains, there's more to scale than transactions per second. Blocks per minute is another important measure that has significant implications for utility and flexibility for any blockchain platform. Write latency, how it handles bursts of activity, and others are of equal importance, but are often overlooked until organizations have already spent resources to create a blockchain pilot, only to find blocking shortcomings (pardon the pun) in these and other areas.
Use Cases
Enterprise business applications, Financial and equity transactions, Customer purchases or interactions, Government compliance requirements,
Institutional Finance with high security transaction requirements. Global Credit reconciliation, Medical records, platforms, and insurance transactions. Compliance and fraud prevention.
IoT device sensors, manufacturing and supply chain transport. Supply chain logistics. Shipping and goods tracking, including RFID. Custom applications.
Institutional Finance with high security transaction requirements. Global Credit reconciliation, Medical records, platforms, and insurance transactions. Compliance and fraud prevention.
IoT device sensors, manufacturing and supply chain transport. Supply chain logistics. Shipping and goods tracking, including RFID. Custom applications.
