The blockchain organization Paymon completed the second round of ICO on the 3 May this year. The new technology is one of the most grounded reasons to invest and have faith in the company. What precisely is the technology of the Paymon blockchain called Hive? Why is it more pioneering than advances of Bitcoin, Ethereum and IOTA? Here is an itemized comparative description of Hive and its processors.
In 2015 IOTA rolled out a noteworthy improvement in decentralized innovation, incorporating the so-called chart—Directed Acycling Graph (DAG). In fact, it is anything but a blockchain itself, but an enhanced framework for replacing it. IOTA called it Tangle. Some called it rendition 3.0. So, what is next?
Paymon Blockchain = DAG
Paymon digital currency PMNC (Paymon Coin) will likewise be decentralized and will be found on the DAG framework. DAG for this situation is the trade for blockchain. Exchanges, based on DAG, will be affirmed by nodes. Every user of the system is a node, so the entire chart is loaded with them. Nodes send and furthermore affirm the transactions.
No Commissions + High Speed of Transactions
DAG tackles the scope issue. For instance, the Bitcoin framework permits to make just seven transactions for every second. Ethereum blockchain is around 13-15. EOS, also a blockchain-based, permits 100,000 transactions. But with DAG, it is possible to make a boundless number of transactions. Along these lines, it’s possible for Paymon Coin and IOTA only.
Smart contracts
Smart contracts are not the development of Paymon. At first, they were incorporated in the Ethereum framework (Bitcoin blockchain does exclude smart contracts). As it is known, smart contracts allow for transactions to be made between users just with the two sides agreeing ahead of time. If one side wouldn’t like to affirm the transaction, it won’t be completed.