Scaling blockchains to thousands of on-chain transactions per second.
bloXroute is the first Blockchain Distribution Network (BDN), which increases a blockchain’s on-chain throughput by more than three orders of magnitude via an effective broadcast primitive, without affecting a blockchain’s functionality and the balance of power among current system participants. Further, due to the fast underlying network, this throughput increase can be easily realized by tweaking the block size and block time interval. This is achieved via a provably neutral network design as the first-order priority for bloXroute.
This system is the first to combine a legacy peer-to-peer network and a novel global BDN where the peer-to-peer network is used to audit the BDN and its neutrality. bloXroute is protocol coin, and blockchain-agnostic, capable of simultaneously supporting any number of blockchains. Additionally, we introduce BLXR, an investment vehicle which allows both investing in bloXroute and directing bloXroute’s revenues back to the crypto ecosystem.
bloXroute’s goal is to enable cryptocurrencies and blockchain systems to scale to thousands of on-chain transactions per second. Moreover, it aims to provide said scalability to numerous cryptocurrencies and blockchains simultaneously, utilizing a global infrastructure to support distributed blockchain systems in a provably neutral fashion. Here, we outline the system’s trust model and the components it utilizes to achieve scalability, to prevent discrimination, and to enable new features for the blockchains it serves.
Scalability problem includes:
The way Bitcoin works, is that every time a new block is mined, it is being propagated to the entire Bitcoin network using a “P2P Propagation Mechanism”, which is a fancy name for saying the miner sends it to its 8–10 peers, who send it their peers, etc., until it reaches the entire network (or 95% of the network, since some nodes might have just gone offline, or restarting, or whatnot), and it is used because it is trustless.
The current capacity of Bitcoin (BTC) is 1MB every 10 minutes, and since the average transaction size is ~540 bytes, it processes ~1950 transactions every 10 minutes, which translates to ~3 transactions per second (TPS).
If you increase the block propagation time by x10, the probability for a fork to occur increases by almost x10, at least until that probability is very close to 1.0, since its directly depend on the ratio between (1) the block propagation time, and (2) the time between blocks (this is also why it doesn’t matter if you increase the block size or reduce the 10 minutes interval).
So, if you increase the blocksize by x10, you increase the block propagation time by x10, and you will see ~x10 more forks (once 10MB blocks are full), but this is still OK! Blockchains know how to resolve forks once the next block is mined.
But, if you want to scale from 3 TPS to 300 TPS (which is nowhere close to the tens of thousands required for B2B micro-transactions), and to increase the blocksize by x100, the block propagation time becomes so long that in reality it exceeds the 10 minutes interval between blocks! You will see forks occur at a higher rate than blocks which resolves them, and the blockchain “unravels” to more and more forks (since there is no longer consensus which is the “right” fork), and the blockchain breaks.
This is the scalability problem, and the reason why no blockchain can do full 300MB blocks every 10 seconds.
While bloXroute is the first propagation system that addresses the blockchain scaling problem without a centralized trusted intermediary, block propagation systems do exist in Bitcoin. In particular, in order to minimize the negative effects of long block propagation times, as well as to put smaller miners on equal terms with larger mining farms, centralized Bitcoin relay networks were deployed.
Bitcoin Fast Relay Network / FIBRE
The first relay network to be deployed, the Bitcoin Fast Relay Network (BFRN) relays blocks using multiple gateways around the globe to reduce block propagation time for miners. BFRN focuses on utilizing low-latency connections and block compression to reduce the block propagation time.
The Falcon Network was deployed (by two members of our bloXroute Labs team) after BFRN and before FIBRE and aims to reduce block propagation time by using cut-through routing, where relay-nodes relay the first bytes of an inbound block as soon as they arrive rather than wait for the entire block to arrive.
Off-Chain Scaling Solutions
An alternative approach, using off-chain transactions, aim to reduce some of the redundancy on the main blockchain. Generally speaking, an off-chain scaling solution will open up a payment channel between two parties, have the parties exchange funds while keeping track of intermediate balances, and then post a settlement transaction on the blockchain. These solutions include the Lightning Network, TeeChan, and more. These solutions are promising and are complementary to bloXroute’s proposition. If the underlying blockchain can support 1000 times the number of transactions as before thanks to bloXroute, and if off-chain transactions increase the throughput by another factor of 1000, then that blockchain’s throughput has increased by 6 orders of magnitude.
All on-chain scaling solutions
They will perform strictly better with a faster network layer and this is where bloXroute improves their performance. Indeed, in every distributed consensus protocol, every honest node must reach the same decision. Thus, regardless of the consensus protocol, every honest peer must obtain information about each transaction in the system. bloXroute focuses on this particular problem, which is fundamentally a broadcast problem, since every valid piece of information (transaction/block) must be propagated to every honest peer in the system. bloXroute is thus complementary to a native consensus protocol used, and it is capable of boosting up the performance, often dramatically, for any blockchain.
No Protocol Changes
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
Public sale —
Seed Round —