SplitChain is the distributed ledger technology that powers Zucoins. Unlike a traditional blockchain, it does not group transactions into blocks, and instead fragments the ledger across multiple peers on the network.
Understanding how SplitChain validates transactions explains why Zucoins transfers can happen in real time, without miners.
Verification
Verification of multiple transactions is conducted in parallel through a network of peers, each holding data fragments.
Connection
A decentralised network of connection servers organises the peer connections required for verifications and transactions.
Encryption
SplitChain utilises an industry best-practice encryption library called LibSodium (NaCl), and the implementation has been audited by UL for safety.
How Validation Happens
SplitChain transactions are validated between the transacting peers themselves. The SplitChain network only temporarily caches the two most recent transactions, propagating and returning that cached information across network nodes so participants can perform transaction validation.