The SGMCHAIN Mainnet has been approved by KOLAS to handle 300,000 Transactions Per Second (TPS). On the Mainnet of 300,000 TPS, SGMCHAIN stated that they would create an NFT market that will enable digital or physical assets to be converted into NFTs and DID (Decentralized Identifiers) alternatives.
The prominent transaction processing infrastructure – the VISA credit card network – serves as a reference standard for Transactions Per Second (TPS). Only 24,000 TPS are processed by this network. Bitcoin processes at a rate of 7 TPS, whereas EOS processes at a rate of 3,000 TPS. However, SGMCHAIN’s processing is almost 12 times quicker than VISA’s. Considering the near-daily stories of insecure centralized exchanges compromised and resulting in the loss of billions of dollars in bitcoin, safety continues to be the most pressing concern for all blockchain networks. SGMCHAIN developed the Dual Delegated Proof of Stake (DDPoS), which employs 21 nodes for safety, to prevent hacker assaults.
The master node and the whole blockchain are protected by these four (4) random nodes, which operate as random and ‘safe combinations.’ Internal processing speed is incorporated in terms of verification, administration, and simplicity of clearance on larger transaction quantities, making it reliable and trustworthy.
Sun Park, CEO of Sigma Chain, a Los Angeles, California head-quartered firm, has pointed out, “Simply stated, our SGM Mainnet provides the greatest level of security ever built and runs at a pace that is orders of magnitude quicker than traditional blockchain network. We have verified trial results to back this up, and we’re delighted to share them with you.”
Numerous companies adjust to an increase in transaction volumes. SGMCHAIN Mainnet employs the revolutionary token standard protocol (SASTA) as well as the NFT standard protocol NSTA 602. These covenants enable comprehensive blockchain adoption across various sectors, including logistics, FinTech, insurance, and non-financial trading.
When questioned how these technology may extend to the market, Mr. Park said “In all industries, including FinTech, journalism, health, insurance, logistics, and logistics, our full-scale blockchain services offer the highest levels of safety and stability. We are the world’s quickest and most reliable blockchain Mainnet for transaction processing, without a doubt!” SGMCHAIN uses a token standard protocol that is utilized in over 130 customized APIs and caters to a wide range of businesses.
SASTA has SSO (Single Sign On) and STO (Single Transfer On) capabilities, allowing all information, including private and currency transaction records, to be safely safeguarded and transported.