Atrium 2.0 raised many hopes and expectations. Many argue that changing Atrium’s network mechanism from proof-of-work to proof-of-stock may not only put an end to criticism of the environmental impact of digital currency mining; Rather, it will lead to the further transformation and development of the Chinese blockchain. This change will be much more effective, scalable and safer.
However, there are many increases in the improvement of the atrium. Many call it the idea of a transformation that will change the world and create a storm in the market. Now the question arises: “Can Atrium 2.0 make all these promises come true?”
Atrium 2.0 is still under development. Although the exact moment for the full implementation of this major update has not been announced, several stages of the process have been completed so far, which raises hopes that it will be completed as soon as possible.
The zero phase of this upgrade, in which betting was possible, was well received by investors. The London Hardfork then took place on 5 August 2021 (14 August 1400) and caused many cataclysms. Some believe that this hardfork has not been very effective and successful in its main goal, which is to anticipate and accept Atrium’s fees.
As mentioned, although there are high expectations for Atrium 2.0, there are still many uncertainties about the success of this circuit and it is not possible to comment explicitly until this update is completed.
In this article, we read one of Ehsan Yazdanparast’s notes on Atrium 2.0 and its features on the Medium website. He believes that Atrium 2.0 can become the ideal Chinese unit; Of course, the theologian also gives reasons for this statement. So join us in reading this note and addressing the reasons given.
If you follow the news and activities of the digital currency market, after a while you will find that people have different views on the size and use of different coins and tokens. Smart contracts, Defay, Unparalleled Token (NFT), security, token burning, transaction time, transaction fee, decentralization and stock exchange proving are topics discussed for each of the digital currencies.
Read more: What is an indispensable token or NFT?
Now do you know what’s interesting? Surprisingly, there does not seem to be a single coin that stands out in all areas. Some coins have better transaction times and fees, while others perform better in decentralization. Some provide more security, while others are better for users. At least for now, no Quinn is perfect.
The question may arise for you when will we have the perfect Kevin? The answer is: when Atrium 2.0 arrives. This may be an exaggeration; But below I will explain my reasons.
Imagine that you have opened a bank account. It doesn’t matter what happens in the world outside the bank; Because you want to keep your money in a safe place and protect your capital. On the one hand, you do not want anyone to touch your money, and on the other hand, you want to shop safely with your money and make financial transactions.
In the next step you want the bank to show the best performance of the transaction and at the same time you will pay the lowest fee and your transaction will be completed in the shortest possible time. For example, you want to send $ 200 from a US bank to a friend in China. You will feel uncomfortable that your friend will receive this amount a week later and at the same time you will have to pay a fee of $ 20 for this transfer.
Definitely, the fewer intermediaries or institutions, the better for you. At all these stages, you want to be the legal owner of your money and you do not want to share your property with a person or institution. If you want to transfer money from bank “A” to bank “B” and you know that banks “C”, “D” and “E” are also involved in this transaction, you will feel bad.
You may think that these professions belong to an imaginary world. Of course, you are absolutely right; Because in the real world there is no bank that can meet your needs! We all deal with highly centralized and framed banks. In these financial centers, transaction fees are high and it may take days or maybe weeks to complete a transaction. In addition, unfortunately, many of us are subject to hacking, fraud and daily fraud. That is why we need the Chinese bloc, and digital currencies in particular.
Blockchains help us come up with scalable, secure, and decentralized solutions; Of course, it is better to say that Chinese blockchain technology is trying to make this possible for us. With the entry of the Chinese blockchain, the following expectations arise for us:
1 Our capital is safe;
2. We do not need intermediaries, third parties and institutions;
3. Make our transactions fast and cheap.
The expectations we have set within the Blockchain Trilema. If we can build a Chinese bloc that solves all three problems at once, we can say that our Chinese bloc is perfect and ideal.
The atrium is one of the decentralized blockchains, with thousands of nodes and minors working in different geographical areas.
Atrium version 2.0 can turn this network into a profitable asset; Therefore, this will be accompanied by an exponential growth of the active nodes in this network. Atrium 2.0 requires at least 16,384 validators to make this feature more decentralized and secure.
Atrium 1.0 currently uses the Consent Proof (PoW) mechanism; While in Atrium 2.0 this mechanism has been replaced by proof of availability (PoS). PoS is a mechanism that contributes the most to the security of this network. The Atrium development team describes the features of Atrium 2.0 in the following:
Think of Atrium 2.0 as a common commodity that improves the condition of the atrium and as a result ether You get more. In fact, by activating ether, you activate the validation software. As a validator, you can process transactions and create new blocks in the chain. Sharing and validating is easier than the network retrieval and protection process. We hope that this change will help make the Atrium network more secure in the long run. The more people involved in the network, the more decentralized and secure the attack network will be.
Introducing separation mechanisms, Atrium 2.0 focuses on resolving fees and transaction time issues. With this upgrade and the use of network sharing, Atrium can process thousands of transactions in less time.
Fragmentation is an important part of this upgrade. Fragmentation simply means splitting or segmenting large chains into smaller chains; A process that distributes the load between multiple validators.
Workload distribution significantly improves the problem of scalability. In addition, the number of transactions that can be managed simultaneously is increasing; As a result, network congestion is prevented and therefore charges are reduced.
Read more: What is Sharding; Way to improve scalability
Resolving China’s triple blockade is a big step. The first Chinese bloc to solve these problems will grow exponentially. It should be noted that a fully decentralized, scalable and secure Chinese bloc will definitely bring more demand and acceptance. Atrium 2.0 is believed to solve these problems.
Once Atrium 2.0 is fully implemented, we expect to see the following changes:
All the topics covered in this article theoretically and on paper suggest that the Atrium network has become an ideal Chinese bloc; But until a final update is made, it is not possible to give a definitive theoretical approach to the success of this change; A change that will have many ups and downs along the way.
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