In today's wave of digital currencies, OORT tokens have attracted widespread attention with their unique architecture and technology. This article will delve into the technology behind the OORT token - OSP-DAG, and its application in the blockchain ecosystem.
OSP-DAG architecture
OSP-DAG (Ordered Acyclic Graph) is one of the core technologies of OORT token. In OSP, each block represents a transaction and refers to the previous block (called the parent block) through its hash value. These blocks and their parent-child links constitute the vertices and edges of the DAG. The OSP-DAG structure is divided into two levels: consensus layer and transaction layer.
Consensus layer: In the consensus layer, all blocks are generated by a committee composed of some non-anonymous well-known people or companies. These committees generally have a good reputation and have a huge stake in maintaining the health of the network. Blocks in each consensus layer can reference multiple blocks from the consensus layer and transaction layer. Such a design ensures the stability and security of the network because even if some committees misbehave, the overall consensus will still not be affected.
transaction layer
Unlike the consensus layer, the transaction layer is where actual transactions occur. Each account has its own blockchain in the transaction layer, recording the account's transaction history. Each block in the transaction layer will also be referenced by the block in the consensus layer. This design improves the transparency and traceability of the entire system.
Consensus mechanism: In the computing currency network of OORT tokens, consensus is achieved through the full order arrangement of all blocks. Each node first needs to find a "stable" main chain in the consensus layer of its local DAG. The strict definition of a stable main chain will be detailed in subsequent sections. Each node then numbers all blocks included on the stable main chain.
Block numbering rules
The numbering of blocks follows the following rules: 1. First, define the index for the block located directly on the stable main chain. The genesis block has an index of 0, the sub-blocks of the genesis block have an index of 1, and so on. 2. When moving forward along the stable main chain, assign an index to the block on the stable main chain. 3. For a block that is not on the stable main chain, its index is determined by the index of the block on the stable main chain that directly or indirectly references it for the first time.
This way, each node is able to determine the order of any two blocks based on the assigned index.
Advantages of OORT Token
The design of the OORT token brings several significant advantages:
Efficiency: Due to its DAG structure, OORT token is able to achieve higher transaction throughput and reduce transaction confirmation time.
Security: The design of the committee ensures the security of the network so that even if some members may be dishonest, the overall system remains stable.
Transparency: The design of the transaction layer allows the transaction history of each account to be traced, enhancing users’ trust in the system.
Application scenarios
The potential application scenarios of OORT tokens are wide, including but not limited to:
Financial services: OORT tokens can be used for cross-border payments, fund transfers and other financial services, providing more convenient solutions.
Smart contracts: Support the development and execution of smart contracts and promote the development of decentralized applications.
Supply Chain Management: Leverage the transparency and traceability of OORT tokens to increase supply chain efficiency and trust.
in conclusion
OORT token brings new possibilities to the digital currency ecosystem with its innovative OSP-DAG technology. Whether in terms of transaction efficiency, security or transparency, OORT tokens have demonstrated their unique advantages. As technology continues to develop, OORT tokens are expected to play a greater role in the future digital economy and become an important part of blockchain technology.