The Blink network achieved a transaction throughput of 20,000 T/s in their global testnet, with sub-second confirmation times. The network is built on a consensus protocol with proof-of-stake and has a sort of hybrid structure between blockchain and directed acyclic graphs (DAG), similar to Nano. Each "block" is actually something called a round, and all transactions processed during the same round form a DAG. These rounds are then chained together sequentially.
Blink has not updated their social media channels or website since mid-2018, and it is not clear whether or not the project is still in development or if it has been abandoned.
The team and philosophy behind Blink - Blinknet - Medium
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- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
- CompanyA company, abbreviated 'co.', is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise.
- Proof-of-stakeProof-of-stake (PoS) is a system by which a network (e.g., a cryptocurrency blockchain) aims to achieve distributed consensus.
- Directed acyclic graphA graph data structure that uses topological ordering, meaning that the graph flows in only one direction, and it never goes in circles.
- Nano (cryptocurrency)Nano, formerly RaiBlocks, is a cryptocurrency designed with a directed acyclic graph block-lattice architecture using a delegated Proof-of-Stake (PoS) consensus.
- Tangle (DAG consensus mechanism)Tangle is a consensus mechanism based on the directed acyclic graph (DAG).