Contacts

Fast payments in stablecoins on the blockchain platform BlueOcean

Gain freedom, become independent, achieve your goals
BlueOcean is a complex technology with simple goals — to allow people to pay for goods and services in a world free of financial intermediaries, to protect savings from inflation and economic instability.
Everyone who has assets can issue their stablecoins secured by these assets. If users consider these assets acceptable and reliable, then they will purchase these stablecoins and will be able to pay them both off-line and on-line.
BlueOcean is a specialized blockchain platform for making fast payments and settlements in stablecoins – cryptocurrencies backed by real assets.
BlueOcean is a platform for the implementation of large–scale lending with cryptocurrencies through asset tokenization mechanisms.
BlueOcean is a complex technology with simple goals — to allow people to pay for goods and services in a world free of financial intermediaries, to protect savings from inflation and economic instability.
BlueOcean is a specialized blockchain platform for making fast payments and settlements in stablecoins – cryptocurrencies backed by real assets.
Everyone who has assets can issue their stablecoins secured by these assets. If users consider these assets acceptable and reliable, then they will purchase these stablecoins and will be able to pay them both off-line and on-line.
BlueOcean is a platform for the implementation of large–scale lending with cryptocurrencies through asset tokenization mechanisms.
BlueOcean is a complex technology with simple goals — to allow people to pay for goods and services in a world free of financial intermediaries, to protect savings from inflation and economic instability.
BlueOcean is a specialized blockchain platform for making fast payments and settlements in stablecoins – cryptocurrencies backed by real assets.
Everyone who has assets can issue their stablecoins secured by these assets. If users consider these assets acceptable and reliable, then they will purchase these stablecoins and will be able to pay them both off-line and on-line.
BlueOcean is a platform for the implementation of large–scale lending with cryptocurrencies through asset tokenization mechanisms.
  • An arbitrary sequence of transaction processing does not allow payments to be made in a timely manner
  • Vulnerabilities of existing decentralized systems in online payments
  • Uneven payment execution due to the fact that validators process both payments and execute smart contracts in the same chain
  • The time of the payment is not defined
  • Variable transaction fees
  • The lack of real decentralization due to limitations on the number of validators and the technical requirements for their hardware
The problems of deploying a payment system on existing blockchain platforms
Technical solutions
  • The system operates on the basis of the modified Fast Byzantine Fault Tolerance consensus protocol and Proof-of-Stake algorithm
  • The architecture of the platform consists of 3 main chains, which make it possible to separate payments from the execution of smart contracts
  • The sequential transaction processing protocol is based on the principle of “first come, first go”, i.e. the first incoming transaction is processed first
  • The unique transaction data storage and processing system
  • The built-in multi currency system in which any hosted stablecoin is a native cryptocurrency for the blockchain
  • The time of payment is clearly defined, it is less than 3 seconds, which visually corresponds to the time of payment by a bank card. The fixed fee for any payment is 3 cents
  • The scalability of the system is based on dynamic sharding
  • An arbitrary sequence of transaction processing does not allow payments to be made in a timely manner
  • Vulnerabilities of existing decentralized systems in online payments
  • Uneven payment execution due to the fact that validators process both payments and execute smart contracts in the same chain
  • The time of the payment is not defined
  • Variable transaction fees
  • The lack of real decentralization due to limitations on the number of validators and the technical requirements for their hardware
The problems of deploying a payment system on existing blockchain platforms
Technical solutions
  • The system operates on the basis of the modified Fast Byzantine Fault Tolerance consensus protocol and Proof-of-Stake algorithm
  • The architecture of the platform consists of 3 main chains, which make it possible to separate payments from the execution of smart contracts
  • The sequential transaction processing protocol is based on the principle of “first come, first go”, i.e. the first incoming transaction is processed first
  • The unique transaction data storage and processing system
  • The built-in multi currency system in which any hosted stablecoin is a native cryptocurrency for the blockchain
  • The time of payment is clearly defined, it is less than 3 seconds, which visually corresponds to the time of payment by a bank card. The fixed fee for any payment is 3 cents
  • The scalability of the system is based on dynamic sharding
  • An arbitrary sequence of transaction processing does not allow payments to be made in a timely manner
  • Vulnerabilities of existing decentralized systems in online payments
  • Uneven payment execution due to the fact that validators process both payments and execute smart contracts in the same chain
  • The time of the payment is not defined
  • Variable transaction fees
  • The lack of real decentralization due to limitations on the number of validators and the technical requirements for their hardware
The problems of deploying a payment system on existing blockchain platforms
Technical solutions
  • The system operates on the basis of the modified Fast Byzantine Fault Tolerance consensus protocol and Proof-of-Stake algorithm
  • The architecture of the platform consists of 3 main chains, which make it possible to separate payments from the execution of smart contracts
  • The sequential transaction processing protocol is based on the principle of “first come, first go”, i.e. the first incoming transaction is processed first
  • The unique transaction data storage and processing system
  • The built-in multi currency system in which any hosted stablecoin is a native cryptocurrency for the blockchain
  • The time of payment is clearly defined, it is less than 3 seconds, which visually corresponds to the time of payment by a bank card. The fixed fee for any payment is 3 cents
  • The scalability of the system is based on dynamic sharding
Contacts
blon@blueoceanblockchain.org
github.com/BlueOceanblockchain
BlueOcean Lab Corp
Contacts
blon@blueoceanblockchain.org
github.com/BlueOceanblockchain
BlueOcean Lab Corp