By Cointime.com 237

Blockchain technology, a distributed, decentralized data storage and transaction system, has seen significant growth and widespread adoption in recent years. However, despite its many advantages, it also faces a number of challenges that may have an impact on its further promotion and popularization.

First, transaction speed is an important challenge for blockchain. Due to the design principles of blockchain and the limitations of the consensus mechanism, the transaction processing speed of the current mainstream blockchain network is relatively slow. This means that the transaction confirmation time may be prolonged under high load conditions, thus limiting the practical application scenarios and scalability of blockchain.

Second, blockchain security is also a key issue. Although blockchain has a high level of security based on cryptography and decentralized mechanisms, attacks such as Miner Extractable Value (MEV) bots still exist.MEV bots take advantage of information asymmetry by optimizing the order of transactions and selectively packing transactions. Such behavior may not only lead to unfair transactions, but also negatively affect the normal operation and credibility of the entire blockchain network.

Finally, cost is another important challenge facing blockchain. With the expansion of the blockchain network and the increase in transaction volume, the cost of gas on mainstream blockchain platforms such as Ether has gradually risen. This makes it expensive for the average user or small transactions, limiting the widespread adoption of blockchain technology. Solving this problem requires finding innovative mechanisms and technologies that reduce transaction costs.

While blockchain faces a number of challenges, some solutions are emerging as the technology continues to evolve and innovate. For example, transaction processing speed can be improved by introducing sharding and parallel EVM technology; the use of PBS technology and load-sharing sharding mechanism can better prevent MEV attacks; and decentralized exchanges and Layer 0 bridging can help achieve interoperability between different blockchains. These innovations will further promote the progress and development of blockchain technology and support the expansion of its application scope.

ZippyChain: a parallel EVM PoS blockchain based on sharding

ZippyChain is a sharding-based parallel EVM PoS blockchain project. It aims to address some of the challenges faced by traditional blockchain technology, such as low transaction speeds and high gas charges.

ZippyChain achieves a high throughput transaction processing capacity of up to 25,000 TPS. this allows users to perform a large number of transactions on a fast and efficient blockchain network, increasing the scalability and utility of the system. It is also designed with low gas charges, allowing users to complete transaction operations at a much lower cost.

Security is also a key concern for ZippyChain. In order to resist MEV attacks, the project has built-in corresponding security mechanisms and precautions to ensure the fairness of transactions and the stability of the network. In addition, ZippyChain creates an ecosystem with a flywheel effect by providing services without gas fees through the built-in DeFi (Decentralized Finance) and AI algorithms to train DAPPs (Decentralized Applications).

Additionally, ZippyChain enables the training of distributed AI (e.g., large-scale language models) through GPU crowdsourcing and parallel EVM technology. This innovative approach allows multiple participants to share their GPU resources, speeding up the training of AI models and boosting the potential of blockchain applications in AI.

As a cross-chain project, ZippyChain also provides Layer 0 bridging functionality, enabling interoperability with other blockchain platforms (e.g., Ether, BSC, BTC, etc.), providing users with more options and flexibility.

It is worth mentioning that ZippyChain also has an excellent global operations and marketing team. They will be committed to driving the development and promotion of the project to create better blockchain experiences and application scenarios for users.

Solutions

ZippyChain provides the following solutions to the above challenges currently facing blockchain technology:

1、High TPS

In order to improve transaction processing speed, ZippyChain adopts load-sharing sharding and parallel EVM technology. Each slice has its own slice chain, which evenly divides blocks into blocks of different slices and allows communication between slices. This design allows the shards to confirm transactions in parallel, thereby increasing overall throughput. By adding more slices, the processing speed of the system will be further increased.

2. Resistance to MEV attacks and security

In order to resist MEV attacks and ensure security, ZippyChain adopts mechanisms such as PBS (proposer and builder scheme) and load-sharing slicing.In the PBS scheme, the proposer aggregates transactions into blocks in parallel, and the builder selects the block with the highest gas cost for confirmation. Meanwhile, similar sender addresses will be collected into the same block to avoid conflicts in parallel execution. In addition, load-sharing slices also confirm transactions in blocks, and as the number of slices increases, the block size decreases, thus reducing the impact of MEV. To further improve security, ZippyChain uses a Proof of Stake (PoS) mechanism for protection and randomly assigns and reassigns verifiers to each slice via VDF+VRF.

3、Low gas cost

In order to reduce gas costs, ZippyChain also uses load-sharing sharding and parallel EVM technology. Each slice has its own slice chain and allocates transactions to different blocks in parallel. The dependencies of transactions are attached to the blocks as metadata and are acknowledged in parallel on each shard chain. By adding more chunks and parallel confirmations, the system can achieve higher processing speeds, which reduces the gas cost of transactions. In addition, ZippyChain employs fast consensus mechanisms, such as the fBFT consensus mechanism and the vBLS multi-signature scheme, to improve overall efficiency.

Project Features

Zippy is noted for its high speed, low cost, scalability, security and resistance to MEV attacks. Specifically, it has the following features:

1. High speed and low cost

Zippy is known for its high throughput and low gas costs. It uses technologies such as sharding and parallel EVM to achieve transaction speeds of up to 25,000 TPS, and reduces the cost of transaction operations through optimized design.

2. Fully Scalable

As a sharding-based blockchain project, Zippy has good scalability. Each shard has its own sharding chain, allowing multiple shards to run simultaneously, thus increasing the processing power of the entire network.

3. Security and Fairness

Zippy is committed to guaranteeing the security and fairness of the system. The security of the network is ensured through the use of Proof of Stake (PoS) mechanism and random assignment of authenticators. In addition, mechanisms such as the PBS scheme and load sharing slicing are introduced to resist MEV attacks and ensure fairness of transactions.

4. Resisting MEV Attacks

In order to counter MEV attacks, Zippy adopts a variety of strategies. Among them, the PBS scheme effectively reduces the risk of manipulating the transaction order by aggregating transactions and selecting blocks with high gas charges for confirmation. Meanwhile, the load-sharing slice design avoids conflicts when executing transactions in parallel, further enhancing the security of the system.

5. Built-in free innovative DeFi and AI DAPPs

Zippy has built-in DeFi and AI algorithms for training DAPPs, and users can enjoy no gas fees on these applications. This design brings more opportunities for developers to innovate and also provides more choices and convenience for users.

6、Cross-chain Layer 0 bridging

As a cross-chain project, Zippy is equipped with Layer 0 bridging capabilities to achieve interoperability with other blockchain platforms. This allows users to freely transfer assets and data between different blockchain networks, expanding application scenarios and cooperation possibilities.

Core Technology

Zippy's core technologies include the following:

1. Sharding and Parallel EVMs

Zippy adopts load-sharing sharding and parallel execution technology based on Ethernet Virtual Machine (EVM). By dividing blocks into different slices and allowing communication between slices, transactions can be processed in parallel, increasing overall throughput and processing speed.

2. Preventing MEV Attacks

Zippy introduces PBS (proposer and builder scheme) technology and load-sharing slicing to protect against MEV attacks. the PBS scheme reduces the risk of manipulating the order of transactions by aggregating transactions and selecting the block with the highest gas cost for confirmation. Load-sharing sharding, on the other hand, avoids conflicts when executing transactions in parallel and enhances the security and fairness of the system.

3、Consensus Mechanism

Zippy adopts the fBFT consensus mechanism and BLS multi-signature scheme, combined with Proof of Stake (PoS), to ensure the consensus and security of the network. These mechanisms ensure the stability and decentralized characteristics of the blockchain through the verifier's vote and random allocation.

4、Cross-chain Layer 0 bridging

As a cross-chain project, Zippy has the ability of Layer 0 bridging, which allows cross-chain light client interaction with other blockchain platforms. This means that Zippy can realize asset and data interoperability with Ether, BSC, BTC and other platforms, expanding application scenarios and cooperation possibilities.

5. Randomized Algorithm

To ensure randomness and fairness, Zippy uses randomized algorithms such as VDF (Verifiable Delay Function) and VRF (Verifiable Random Function). These algorithms can be used for random allocation and reallocation of verifiers to ensure balanced rights and interests of each participant in the system.

6, decentralization and collaborative artificial intelligence

Zippy also introduces decentralization and collaborative artificial intelligence into its technology system. Through incentive mechanisms and data processing schemes, Zippy implements parallel and decentralized AI training, such as large-scale language models (e.g., ChatGPT), using GPU crowdsourcing and parallel EVM for training. Meanwhile, parameters, rewards, and penalties for AI algorithms are managed on the blockchain, enabling commission-free AI usage with transparency and easy transactions.

Conclusion

ZippyChain is a sharding-based parallel EVM PoS blockchain project that aims to address some of the challenges faced by traditional blockchain technology. It claims to enable high throughput transaction processing power and reduce gas charges to improve the scalability and economics of the system.

The project has a strong focus on security, ensuring fairness of transactions and stability of the network through built-in mechanisms to guard against MEV attacks. In addition, ZippyChain provides cross-chain interoperability, connecting with other blockchain platforms through the Layer 0 bridging feature.

In addition to this, ZippyChain has explored application scenarios related to DeFi and AI algorithms for training DAPPs, aiming to create more possibilities and value for users.

However, the actual performance and results of the ZippyChain project need to be further observed and evaluated to fully assess its potential and reliability in the blockchain space. It is also necessary to consider the impact of factors such as competitive pressure, technical difficulties and market acceptance on the project.