Test results TkeyNet, release date, and the opening of an office in the UK.

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Hello everyone! Today we will talk about the results of the development of the TkeyNet system and related products, as well as share the test results and release date.

To date, the Protocol has fully debugged. The process of debugging the TkeyNet system is moving with decisive steps — 94.7% of testing of all the functions that TkeyNet includes has completed.

During the tests, the following properties and functions tested with different scenarios:

  • Atomic exchanges;
  • Security;
  • Validation;
  • Interaction of the Protocol with SQLite and PostgreSQL databases;
  • Consensus;
  • Modules for financial institutions;
  • Data exchange in the network;
  • Synchronization;
  • The monitoring system of balance;
  • Transactions that include trades;
  • API;
  • TkeyIndex;
  • TkeyConnect.

Back-end TkeyNet developed in the C++ and C programming languages, to improve performance, some of the code written in C.

The specified stack is selected to meet the stringent requirements of the financial sector: enhanced security, scalability, and the ability of the system to work 24/7/365. The TkeyNet system is adapted to the world standards: ISO, ISIN.

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TkeyNet supports the structured query language and interacts with flexible SQLite and PostgreSQL databases.

PostgreSQL complies with ANSI/ISO SQL standards, and unlike other DBMSs, it has object-oriented functionality, including full support for the ACID concept. An SQLite was selected to improve the speed and performance of operations. SQLite will also serve as an excellent solution for mobile applications that will be created based on TkeyNet.

PostgreSQL is the most advanced RDBMS, focusing primarily on full compliance with standards and extensibility.

During this period, we also completed work on a powerful API. The API is designed for organizations and developers to use the full power of TkeyNet in individual solutions. Software developers, whether mobile apps or local software, will get APIs and client libraries that will simplify the interaction of the corporate market with TkeyNet.

Test results: transaction and operation speed in TkeyNet

To date, testing shows excellent results on the speed of payments made via TkeyNet.

Last week’s results: unlike the first Protocol, where it took at least 10 minutes to validate a transaction, payment transactions in TkeyNet processed in 25 seconds without losing security properties. Performance improved by 2400% compared to Core 1.0

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The block generation time in Core 1.0 is at least 10 minutes, and in TkeyNet — 25 seconds according to the test results.

If it took at least 10 minutes to confirm a block, and sometimes it took two or more hours, in TkeyNet developers achieved a stable indicator of 25 seconds without losing security properties.

Before the launch of TkeyNet, work will carry out to optimize and improve performance. The team plans to increase its performance indicators by 6000% compared to Core 1.0.

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The Core 1.0 block generation time is 10 minutes. TkeyNet test network — 25 seconds. TkeyNet main network-up to 10 seconds.

To do this, we will work with individual modules and libraries of databases, transactions, and consensus. The goal for developers is to process payment transactions for up to 10 seconds at most.

High throughput rates of the TkeyNet Protocol. B2B & B2C sectors.

To meet the needs of companies, startups, and corporations, — TkeyNet responds with fast processing of trades*.

For a better understanding, let’s analyze the obtained characteristics at the time of testing TkeyNet:

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Results: 1,225,000 trades per block.

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The scaling of the TkeyNet system

The TkeyNet system is easily scalable by increasing the RAM and CPU parameters. We have launched three nodes on powerful servers with the following characteristics:

  • CPU: 72 Core.
  • RAM: 144 Gb.
  • SSD: 120 Gb.

Transaction throughput increased 2.8 times to ≈3,430,000 transactions per block.

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Vertical scaling

Unlike Bitcoin and other blockchain systems, where increasing the power of the miner’s hardware does not lead to an increase in network bandwidth.

Usually in such networks, increasing the power is a direct necessity, otherwise, transactions will not take place at all or will take hours, or even days. Because of what actually appears “manipulation of miners” and various types of network attacks.

TkeyNet uses vertical scaling. With increasing node capacity, the throughput of the entire TkeyNet system increases. It turns out that regardless of the number and power of nodes, transactions will take place in 25 seconds, and with increasing power nodes — the number of processed transactions will grow.

As we said above, our developers are working to improve these indicators, where the block validation time will take no more than 10 seconds. Transactions will take place for 1 second to 10 seconds maximum. Also, this parameter significantly increases the volume of trades conducted via TkeyNet.

Front-end. Graphical user interface.

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During August, the web products team continues working on secure wallets and a blockchain Explorer. The new software is under development, but it has already come a long way from layouts and graphic design and is ready to move to the stage of connecting the TkeyNet back-end with native products.
If everything is in the final stage on the back-end side, then the client part (front-end*) needs time to complete debugging. We needed to design applications per best security practices.

Also, we conduct continuous testing during development, taking into account the severity and scale of the TkeyNet system that will be used by organizations, corporations, and users, respectively.
According to the results of testing and a meeting of the development team, the launch of TkeyNet is agreed for September 25–mid-October, possibly earlier.

Website tkey.org — will be updated in October 2020, taking into account the volume of documentation, packaging all the meanings of the perfect new product TkeyNet. Tkeycoin.com — updated earlier, before launching TkeyNet.

Also, to the upcoming launch of TkeyNet, the management decided to open a representative office of TKEY in the UK for the development of digital Banking and digitalization of assets.

Working with partners in the UK will focus on implementing TKEY’s corporate strategy and market solutions that meet customer needs, create new revenue sources, and provide opportunities for Corporations growth.

We also remind you that after the launch of TkeyNet, the start date of TKey trading will announce.

The fourth quarter will be hot, get ready!

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Written by

Official TKEY blog in Medium. Infrastructure for the financial ecosystem

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