BAW provides an answer to the question of scalabiity facing several blockchains. The TPS mark for BAW is expected to peak at 100 million compared with a maximum of 30 for Ethereum at present.
One other looming threat to blockchains is the introduction of ASIC mining that leads to high output within a short time. This makes it possible for a blockchain takeover to be possible for platforms that rely on mining. The threat of Quantum computing is also real as this provides an easy-hack into existing blockchains.
BAW's innovative Blockchain is designed to run on a Quantum Resistance Encryption. While existing blockchains can be hacked as a result of the exposure of the transaction signature, BAW uses primitive cryptography, transaction hash, and Lamport signatures to shield vital records. These safeguards are not exposed to Quantum computing tricks or the manipulation of Shor's Algorithm.
BAW is committed to enabling transactions between chains without the need for intermediaries. A sender of a cryptocurrency will be able to do without having to use an exchange.
BAW puts the Dynamically Sharded Multigraph function to work in order to scale transactions from 100 to an upper limit of 100 million per second. This is a real-world use-case triumph that is remarkable.
Using Quantum Proof encryption seals the loophole in existing blockchains that makes them susceptible to cloning of transaction signatures. BAW transactions are encrypted and decryption-proof.
BAW supports the issuance of cryptocurrencies with the assurance of a hack-proof methodology. Governments and any regional union can issue an electronic currency with ease on BAW.
There is ease of transaction within the BAW ecosystem that allows for use of on-time accounts. The availability of Lamport's signature scheme guarantees security and privacy of transactions.
Multi-party computing and secret sharing will make cross-chain transactions possible after prior registration of such networks. Integration will be done at minimal cost using a built-in template for new asset creation
No. Transactions attract charges.
BAW can be used for launching electronic currencies, as well as for the sending and receiving of cryptos.
Since there are no intermediaries involved in the processing, no loss will occur for intra-chain transactions.
No transaction delays will occur within the BAW network. Only cross-chain transactions might be affected when the network involved is slow.
Yes. Sharding ensures that the capacity of the blockchain expands exponentially as transactions arise.
Different blockchains have one feature or the other as presented by BAW, but none has all the features.
Transactions are processed without the need for a centralized processor as is common with other blockchains. Cross-chain transactions are completed directly by BAW.
There is no change of transaction states in BAW for cost savings. Every transaction undergoes verification and reconstruction that restores them to their original states.
BAW takes the steps needed to protect users by ensuring a two-fold elliptic and Lamport’s signature scheme approach. All transactions enjoy privacy protection and no third-party interference can occur.