Blockchain technology has now traversed beyond the cryptocurrency market, and mainstream sectors are integrating it. The next generation of blockchain— multidimensional blockchains benefit clients while implementing solutions that call for high-security when conducting business transactions. Usually, blockchains provide a full node (wallet) that can be utilized for executing smart contracts. Considering the fact that it is a time-consuming task to complete cryptocurrency transactions in one go, YGGDRASH (Yggdrasil + Hash), a project currently being developed by R2V builds multidimensional blockchains to simplify this process. YGGDRASH is a trust-based multidimensional blockchain platform that promises to enhance transaction processing performance by decreasing block size and increasing sync speed. “YGGDRASH’s key element allows business players to preserve their characteristics as they are on the blockchain-level. The policy for each service will not have to be modified or tarnished because of the nature of the platform,” says David Seo, CEO, and Co-Founder of R2V.
Prior to the advent of the multidimensional blockchain, it was an uphill task for enterprises to download all the blocks in the blockchain and synchronize them. Apart from that, there was a lurking suspicion in the minds of people regarding the price bubble and the stifling nature of cryptocurrency exchange. To complete a transaction, the customer received the wallet from available servers; where reliability or integrity was not ensured.
The Block Reassembling Algorithm is inclusive of Akashic Records (a set of values of all transactions before N blocks), Block Box, (set of blocks containing N blocks in one box) and Original Block (Blocks of general Blockchain). To guarantee security and integrity for the users, these connective nodes carry out a process to ensure seamless transactions using the YGGDRASH platform. Thus the Block Reassembling Algorithm reduces the time required to carry out secure online transactions. This further improves financial efficiency and brings about a fair share of profit to all companies that rely on YGGDRASH. This particular blockchain platform uses a protocol that can establish communication between multiple blockchains assuring faster and secure transactions. YGGDRASH also assists enterprises to build efficient blockchain platforms to carry out transactions related to business, cryptocurrency, real estate, and the stock market. As of now, YGGDRASH is listed on various cryptocurrency exchanges such as Bitfinex, Ethfinex, Bitsonic, Nexybit, Hotbit and Bilaxy.
Since its inception in 2017, R2V has embodied the motto “Digitize everything into reality.” The Team updates ‘development sprints’ regularly every three to four weeks, and the Team’s effort was repaid when YGGDRASH was listed in the top 100 on Coincodecap.com.R2Vis also working on inaugurating a one-stop blockchain consulting service called D-STATION to build a blockchain ecosystem. D-STATION provides services in legal, accounting, taxation, development and marketing. The company, through D-STATION, aims to assist start-ups in having a stronghold over the market. It further guides start-up companies to improve their services and assists them in expanding their consumer base and developing Dapps on the YGGDRASH platform. The company plans to expand its hold on Korea shortly and is also preparing to establish a revenue sharing exchange called DEXRADE. “Time-consuming tasks and economic inefficiency are pure losses for any company; so the Block Reassembling Algorithm can benefit all companies using YGGDRASH,” concludes Seo.