Sigma Chain (CEO Kwak Do-young) announced that it will participate in the ‘4 World IT Show (WIS 19)’ to be held at COEX in Seoul from Wednesday, April 21 to Friday, April 2023.
Sigmachain is a blockchain total solution company that presents a new paradigm in the blockchain market based on specialized expertise. The blockchain ‘Mainnet’ developed by Sigmachain can implement up to 30 TPS (Trans Per Second), and its fast speed and high stability allow more applications, services, and businesses to be converted to a decentralized system. Let it happen.
At this exhibition, Sigmachain upgrades existing technology to announce a new blockchain mainnet ‘XTRION’ and unveils the ‘Piki’ series, a local SNS service platform based on the blockchain mainnet.
Sigmachain is an independently developed blockchain mainnet that adopts the 4th generation blockchain consensus algorithm DRPoS (Delegated Random Proof of Stake), which is economical and highly secure. It is developer-friendly by providing a competitive transaction processing speed of 30 TPS (Trans Per Second) recognized by KOLAS (Korea Laboratory Accreditation Scheme) and more than 150 APIs (Application Programming Interfaces), providing convenience and expansion of DApp (Decentralized Application) development. The company explained that it provides the last name.
A Sigma Chain official said, “The existing DPoS (Delegated Proof of Proof Stake) type of consensus algorithm has the disadvantage of having high chances of contamination of blocks due to collusion between participants and poor security. “To solve these security problems, XTRION introduces technology that reduces the risk of collusion, increases security, and guarantees scalability at high speeds by adding six random participants in addition to delegated participants,” he said.
In addition, Piki is a three-part series based on blockchain technology: local SNS, market, and metaverse. It creates content by tagging the user’s location information, records it on the blockchain, rewards it with NFT, and shares it. It is a service platform that connects daily life.
Regarding this, an official said, “Using blockchain technology, we provide a safe Web3 service environment to protect users’ data privacy and safely build digital identities, and designed it to be easy and convenient so that blockchain technology can be used in everyday life. “It is a user-centered service platform,” he said.
Additionally, “Existing blockchain services focused on smart contract functions such as coins and NFTs. Accordingly, in order to popularize blockchain, we developed the Piki series to propose a blockchain service platform that users can easily and conveniently use in their daily lives.”
Currently, Sigma Chain is preparing Piki World, an integrated platform that connects DApps released on the XTRION mainnet, including the Piki series.
An official said, “We are planning to establish a corporation in the United States based on our technology, and we plan to expand into France, Japan, and Thailand in the future.” He added, “We will use blockchain technology to provide a fast, friendly, and safe internet ecosystem for everyone, thereby providing a decentralized Internet ecosystem.” “We aim for the world.”
Meanwhile, the ‘World IT Show’, a one-stop platform for digital transformation, is a representative exhibition leading the next-generation high-tech industry. The 2023 World IT Show, with the slogan ‘Changing our life, K-Digital’, will feature △AI, IoT & ICT convergence services △Digital Twin & Metaverse △Smart Living and Healthcare △Robotics The latest technologies and products in the fields of △future mobility such as autonomous driving and UAM, and △blockchain & security will be displayed and introduced. In addition, the ‘WIS 2023 Innovation Award’ and the ‘2023 Korea ImpaCT-ech Grand Prize’ will be awarded to the technologies and products that attract the most attention among participating companies.