by Marvin Dumont
Apollo’s at the top of industry in terms of speed. And that bodes well for consumers and businesses who need real-time settlements.
The foundation’s developers are overcoming technical hurdles to deliver (1) all-in-one currency that combines all mainstream features (2) the best privacy and unregulatable platform and (3) blazing speed.
According to hardware wallet Bitfi:
Apollo is not just another blockchain; it is a very high performance infrastructure with rich features that you will be able to use in a tangible way once they are fully incorporated into Bitfi …. Apollo transactions can even be 1 second or less if the transaction is submitted half way through the block. 2 seconds is the worst case scenario assuming a transaction is received at the very beginning of a new block.
How’s such speed possible while maintaining stability of the blockchain?
ApolloUpdater maintains the integrity of blockchain and keeps it from forking. (Fyi, Apollo will never fork.) It’s a module that allows our developers to quickly add new features, update the system, speed up release of new versions, and avoid hard forks. See technical paper.
Moreover, ApolloUpdater protects the system from hacking attempts.
A new type of transaction is introduced that allows developers to implement the update procedure automatically, securely, and with verification of cryptographic digital signature.
The Updater makes it possible to bring block confirmation times even lower. 2 seconds was just set to test the system in a conservative way but it’s plausible that block times can be reduced to 0.5 seconds or less.
Apollo is introducing breakthrough innovations that are making long confirmation times a thing of the past.
Learn more below:
At $0.0008 Apollo’s market cap is currently $12 million.