Most public blockchains started with one chain, and they think about scalability when they hit the bottleneck. We begin with the distributed partitions to divide the Taiji Blockchain to multiple subchains. Each subchain has a chainId which is four digits number. All addresses belong to that subchain starts with those four digits. A virtual bank will own a subchain and operate it. We normally select partners to operate as virtual banks based on geolocation. Read More »

For Taiji coin, the smallest unit is called shell and one taiji is 100,000,000 shells to support all programming languages to save it as four bytes long, the max number of taiji in a system would be 92233720368.54775807 which is 92 billion taiji for max transaction amount. SHELL is the smallest unit and it is usually only be used as fee as we are building a low fee blockchain. The internal presentation for transactions is based on SHELL. Read More »

Inter chain transaction means that sender’s address and receiver’s address belong to two different subchain. For example, if sender’s address is 0002c1D28a71cfAd10Da78013930663271655c3d and receiver’s address is 00012281Ecf658dD64F0562147bd55FFc4e2F2b3 then it is a inter chain transaction. The cost of inter chain transaction will be higher than a inner chain transaction as the credit ledger must be written to the other subchain to complete the transaction. Read More »

Inner chain transaction means that both sender and receiver addresses belong to the same subchain. For example, if sender’s address is 0000344d315050CA9B0938B6511EC342705a1f9c and the receiver’s address is 000050f134b8B0Db3D9Cc3F6cB262D4d4445Ee28 then the transaction is inner chain transaction as both address belong to the sub chain with Id 0000. For inner chain transaction, the transaction fee will be significantly less than the inter chain transaction. Read More »

The entire Taiji Blockchain is sharded up to 10000 subchains, and partners we call banks will operate all subchains except the first three chains with Id (0000, 0001 and 0002). When you join the Taiji Blockchain, chances are you have an account with one of the partners. They will give you a client application to generate a wallet and the address generated will start with four digits match to the chainId the partner is operating. Read More »

Most public blockchains have only one chain, and all transactions are saved into the blocks in that chain. There is only one chain writer for the current block, and all transactions compete with each other to write into the current block in a mining process. The result is that most cryptos can only support several to dozens of transactions per second. Taiji-chain is sharded to multiple subchains or partitions up to 10000. Read More »