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Lineage is a new Blockchain that has VISA scaling The transaction capacity of cryptocurrencies, in comparison to widespread payment solutions such as VISA define the currency. The inherent slowness of the Blockchain is a problem to find the right gap between speed without compromising security, decentralization, or consensus. For example, Bitcoin has embraced the notion of being Digital Gold before they release their lightning network after the implementation of Segregated Witness. But there is a similar matter, how is the Blockchain going to scale at such a level? How can we reach Visa’s 1,700 transaction per second average and implement that in Bitcoin without compromising? Ethereum’s proposal on scaling to Ethereum 2.0 is due to sharding, which may greatly boost the speed of the chain. However, we at the Lineage Foundation have found that on-chain scaling is much needed, and thus we have come up with a solution that allows decentralization, speed, and prevents the manipulation of third parties on aspects of the ecosystem. New Algorithm, All Full nodes, Zero Second confirmation, Offline and anonymous transactions.
Our mission is to build a trustless, secure, self-governing, decentralized, and fast network with the capability of scaling to billions of transactions on-chain”
The Blockchain is in the current state where developers of all cryptocurrencies are trying to find a way to scale. However, they have all proposed these solutions with different types of compromises along the way. An example is the BitcoinCash fork that attempted to raise the block-size. However, the compromise was that nodes owned by less advantaged people would stop and decentralization would go down. Meanwhile, Bitcoin has scaled using Segregated Witness and will implement the Lightning Network after it’s development. This, however, is a second layer solution and base layer solutions are urgently needed.
Our mission of building a trustless, secure, self-governing, decentralized, and fast network is defined as follows:
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