🫶 Proof of Honesty
GEEQ and how it utilizes Proof of Honesty to be more efficient in validating blockchains while maintaining a high level of security
Today's Highlights
- GEEQ - layered blockchains
- Today's Infographic
- In Other News - a few interesting developments we're tracking.
GEEQ - layered blockchains
GEEQ is a platform of independent, interoperable blockchains. It uses a unique consensus mechanism called Proof of Honesty (POH). POH allows users to determine whether a node follows certain rules, and is behaving honestly. It requires less validators, but still maintains a high level of security. The Geeq platform consists of multiple independent blockchains. This architecture allows for unlimited scalability, high tps, high security, and real decentralization.
Proof of Honesty is a unique consensus protocol. It provides high security, with low computational resources. POH requires that a node proves its honesty, before a transfer is made. A POH network only requires one honest node to function. A node shows it is truthful, by creating records to show it follows certain rules. If a ledger follows these rules, it is considered honest. A user can verify this within the client software, before a transfer is made.
Geeqchains runs validation and application layers on separate chains. The validation layer does not contain smart contracts. Its simplicity minimizes the attack surface. The validation layer only does token transfers, and fee payments. The application layer allows business logic, smart contracts, native tokens, dapps, and specialized data. The separation of the validation and application layers, allows GEEQ tokens to move across chains with different rulesets.
Geeq allows for a more elegant way to upgrade. A new chain can be created to replace, or fix the old chain. Users have the option to migrate to the new chain, or stay with the old one. A final layer of security called Edge Security, verifies a node’s honesty via user client software. High security is one of the main focuses of the GEEQ blockchain.
John P. Conley, Stephanie So, Lun-Shin Yuen are the founders of Geeq. Geeq has raised a total of $25M in funding.
🧐 Today's Infographic
In Other News
Omkar Godbole
Martin Young