Enabling Blockchain Scalability and Interoperability with Mobile Computing through LayerOne.X
This addresses scalability and interoperability issues for blockchain technology users, though it appears incremental as it builds on existing concepts like sharding and DAGs.
The paper tackles blockchain scalability and interoperability bottlenecks by introducing Layer-One.X, a decentralized ledger using para-sharding, DAGs, Proof of Participation, mobile computing, flash contracts, and nucleus scripting, which facilitates high transaction per second rates for micro-payments and tokenization.
Interoperability and scalability are currently the bottlenecks preventing mass adoption of blockchain technology. Development of an interoperable and scalable network that promotes a truly decentralised, permissionless and secure blockchain as well as one that enables micro validation is the main goal of this project. Layer-One.X, a truly decentralised ledger which utilises para-sharding, Directed Acyclic Graphs, Proof of Participation consensus mechanism, mobile computing, flash contracts and nucleus scripting is introduced in this paper. The conceptual framework including tokenomics is also explained along with a number of use cases. The framework facilitates the growing need of transaction per second enabling micro based payments and value transfer through tokenisation.