WormholesChain (ERB)

What is WormholesChain

WormholesChain solves the blockchain trilemma, which entails a necessary tradeoff between scalability, security, and decentralization, by building the technology to achieve the ideal balance between these three metrics, creating a highly scalable and secure blockchain network without sacrificing decentralization.

After more than four years of technology and architectural development, the WormholesChain has developed several innovative technologies to solve the blockchain trilemma.

• Multi-Dimensional Blockchain Architecture
• Dynamic Random Election (DRE)-based Consensus Mechanism
• Multi-Level Blockchain System Structure

The Wormholes Blockchain is a multi-dimensional blockchain, in which parallel chains are coupled together to form the network, supporting parallelism as a way to linearly increase throughput with each additional chain added to the system. There is no upper bound on network size, and the network size is theoretically constrained only by the existing global IP infrastructure.

The Wormholes Blockchain network consists of multiple independent peer blockchains. Each parallel blockchain is coupled with the previous blocks of other chains at the same or different block height. In a general blockchain data structure, ordered blocks are linked “back”, each referring to the previous block on the chain. Each block contains the hash of its parent inside its own header. The sequence of hashes linking each block to its parent creates a chain going back all the way to the first block ever created, known as the genesis block.

The Wormholes has two native assets — the fungible token ERB and non-fungible token S-NFT. Together, they power the unique Wormholes economic model, and Wormholes will create a future in which all NFTs can be subdivided.

In addition to allowing NFTs to be quickly minted and circulated at low prices, the one-click NFT Marketplace allows for low cost or even free establishment of NFT trading services, forming one of the key services provided by the multi-functional nodes underlying the Wormholes Network.