According to company representatives, the implementation of parallel data processing in blockchains, where each subsequent block relies on the previous one, has been a challenging task until now.
“The blockchain nodes that cryptocurrency applications connect to often face reliability issues and struggle to process large amounts of data within required timeframes.” Circle’s groundbreaking solution solves this problem by introducing parallel processing technology for blockchain data, while ensuring sequential verification of all blocks,” states the official announcement.
The mastermind behind this technology is Marcus Boorstin, the Chief Engineer and Technical Director at Circle. Boorstin reveals that the technology was initially employed to process transactions on the Solana blockchain, which boasts significantly higher throughput compared to the Ethereum network.
The concept of parallel block processing (BUIP033) was first introduced by Peter Tschippe, a developer at Bitcoin Unlimited, back in October 2016. This concept focused on establishing a distinct command sequence for verifying blocks.