July 15, 2024

Pecu Novus: An Upgraded Blockchain Network with High TPS and Scalability

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In the world of Blockchain the consensus mechanism tells a story, Pecu Novus has one heck of a story to tell and I want to share it with you so that you can see what I see, so lets start with tackling the question: What is Proof of Time (PoT)?

Proof of Time (PoT) is a consensus mechanism that is used by the Pecu Novus blockchain platform. PoT is more energy-efficient than Proof-of-Work (PoW), which is the consensus mechanism used by Bitcoin and many other cryptocurrencies. In PoT, nodes compete to create a new block by waiting for a random amount of time. The node that waits the longest wins the right to create the new block and is rewarded with PECU tokens. This makes PoT much more energy-efficient than PoW, as nodes do not need to do any computationally intensive work to compete for block creation.

What is Sharding?

Sharding is a technique that is used to improve the scalability of blockchain networks. It divides the blockchain into smaller groups of nodes, called shards. This allows the network to process more transactions per second, as the shards can work in parallel. For example, let’s say a blockchain has 100 shards, which means that it can process up to 10,000 TPS. However, 10,000 TPS is just the beginning. Pecu Novus, is a very scalable blockchain platform that can support a large number of users and transactions as you will see below.

What is Pecu Novus?

Pecu Novus is a new blockchain platform that uses a unique consensus mechanism called Proof of Time (PoT). As stated above, PoT is more energy-efficient than Proof-of-Work (PoW), which againis the consensus mechanism used by Bitcoin and many other cryptocurrencies. This makes Pecu Novus a more sustainable blockchain platform. Pecu Novus also has a high TPS (transactions per second) over 100,000. This makes it a scalable blockchain platform that can support a large number of users and transactions.

In addition, Pecu Novus uses sharding, which is a technique that divides the blockchain into smaller groups of nodes. This allows the network to process more transactions per second without sacrificing security or decentralization. Pecu Novus has recently completed a stress test on its decentralized digital asset swapping system, HootDex. The goal of the test was to achieve 50,000 TPS in a live on-chain environment. HootDex, built as a layer-2 system on the Pecu Novus Blockchain Network, surpassed expectations and achieved a remarkable 110,000 TPS.

This milestone delivered valuable insights to the team, affirming the stability, scalability and potential for further enhancements of HootDex. The success of the HootDex stress test is a major milestone for MegaHoot Technologies and the Pecu Novus Blockchain Network. It demonstrates the potential of these platforms to support high-volume, high-frequency trading of digital assets. It also highlights the importance of sharding as a technique for scaling blockchain networks.

In the coming weeks from what I understand, MegaHoot Technologies will be releasing documentation on its Prime REST API for order placement and historical data, FIX API for High Frequency Trading/Swapping and Prime Websocket Feed for real time market data. This will allow developers to build applications that can take advantage of the scalability and performance of HootDex.

MegaHoot Technologies also plans to conduct additional stress tests on HootDex in the future. This will help to further optimize the platform and ensure that it can meet the needs of even the most demanding users. The success of the HootDex stress test is a positive sign for the future of Pecu Novus blockchain technology. It demonstrates that the blockchain can be used to support high-
volume, high-frequency trading of digital assets. It also highlights the importance of sharding as a technique for scaling blockchain networks.

The Future of Pecu Novus

Pecu Novus is a promising blockchain platform with a number of advantages over other blockchain platforms. It is more energy-efficient, scalable, and secure. It is also a good choice for businesses and organizations that need a blockchain platform that can
handle a high volume of transactions in a sustainable way.

The success of the HootDex stress test is a major milestone for Pecu Novus. It demonstrates the potential of the platform to support high-volume, high-frequency trading of digital assets. It also highlights the importance of sharding as a technique for
scaling blockchain networks.

The future of Pecu Novus looks bright. With its unique features and innovative technology, it is well-positioned to become a leading blockchain platform in the years to come.

Paul Hosage

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