SAN FRANCISCO--(BUSINESS WIRE)--#BTC--PTB, an anonymous public blockchain project that supports the large-scale, real-time settlement of cryptocurrency payment systems has just launched its mainnet upgrade.
Compared to the traditional Internet Finance market, the scale of the Decentralized Finance (DeFi) market is still small.
According to DappTotal data, from June to August 2020, the lock-up value in the DeFi industry has increased from US$1.3 billion to US$5 billion. It is still growing at a rapid rate. At the same time, with such a volume of transactions, Ethereum congestion has become a significant issue — many transactions require more than 12 hours to complete. Ethereum’s limited throughput and Transactions Per Second (TPS) prevent DeFi from being adopted on a large scale.
PTB, a public blockchain for DeFi, has been working on solving this problem since 2018. Through its original and unique payment channel technology, it can achieve large-scale, real-time transaction settlements to meet the current and future demand of the DeFi industry.
PTB is an anonymous project that supports the large-scale, real-time settlement of cryptocurrency payment systems. Its goal is to provide a high-performance public blockchain infrastructure to support large-scale DeFi business.
PTB is innovative in its unique technology of orderly, multi-signature, real-time offsetting, and settlement through the payment channel. The Bitcoin network is restricted to a sustained rate of 7 TPS, while Ethereum is at 7-15 TPS. With the payment channel technology, PTB becomes a high-performance DeFi public blockchain that can achieve limitless TPS scalability. In addition, the PTB public blockchain has been running for over a year and still maintains its fully decentralized, secure, and high-performance working state.
The PTB community has been operating in a decentralized fashion for nearly a year. PTB is now ready to expand to the global market to increase its users globally, and expand the user base of the decentralized applications (Dapps) within its ecosystem. PTB is confident to achieve a more scalable DeFi ecosystem together with its global users and to ultimately realize its vision of the prosperity of the DeFi business.
Media contact: Sam King