Introduction
Bywise is a blockchain ecosystem built from the ground up to bring the advantages of distributed systems to companies around the world, our mission is to make blockchain adoption as easy as possible.
Bywise it's not a cryptocurrency, it's not a token and it's not a traditional blockchain either. Bywise has a unique architecture in order to meet the most diverse demands of the corporate sector.
Features and Advantages
Our mission is to bring more security and technology to the corporate market at an accessible cost and with low complexity. Let's list some features unique to Bywise. It is possible to find these functionalities in one or another blockchain. However, it is not possible to find all these advantages and others not listed in a single blockchain besides Bywise.
• Affordable cost
The investment for creating and implementing a project using blockchain technology can easily reach more than one million reais. The reasons are mainly: expensive labor, steep learning curve, difficulty in integrating technology with existing systems.
Bywise breaks this paradigm by creating a project that is simple to configure, simple to integrate and using technologies that are more familiar to developers. All of this translates into a much lower cost of deploying and maintaining the system.
Within our dashboard it is possible to create and configure your own blockchain with little or no technical knowledge.
• Immutability and Traceability
The data entered into the blockchain become immutable records and have the entire history of updates since the origin.
Track documents, processes, inputs, products in a simplified and reliable way.
Bywise is especially easy to configure due to its unique “Immutability Proof” algorithm. Even a private network with just a single agent gains the security and robustness of a large blockchain like Ethereum or a private network with multiple agents.
• End-to-End Encryption
A new way to transfer data between partners and systems securely, privately and reliably. All transactions at Bywise have layered encryption and data is secured through access levels. Even smart contracts and their information can have privacy. In the case of a token, for example, the process of linking the balance to a person becomes much more difficult.
• Protection against cyber attacks
The Bywise blockchain protects the company from criminals who want to steal and hijack the data.
More than that, blockchain technology also protects against internal errors like data loss and also facilitates the process of restoring backups.
As processing and data are distributed across multiple servers, performing Ransomware, DDoS and other types of attacks are ineffective against a blockchain system. By taking down a server, the other servers on the network will distribute its load to keep the system working properly.
Hacking attacks also become inefficient as all blockchain data is encrypted by multiple keys. It will be necessary to carry out an attack on multiple machines and multiple people simultaneously. The chances of a successful attack get greatly reduced.
• There is no single point of failure
Blockchain Bywise works with server redundancy. The system continues to run regardless of server maintenance, software updates, programming errors and other failures. Systems based on the Bywise blockchain become more resilient.
• Infinite Scalability
Imagine a system that can scale simply by adding a new server to the network. Blockchain Bywise manages the requests and distribution of data across the various servers, performing the so-called “Load Balancing” without involving programming, system slowdowns and high infrastructure costs.
• Data Intelligence and Connectivity
Connecting to the Bywise blockchain is extremely simple. This way it can be configured to be a common point with all existing systems in the company. This process of grouping and processing data makes the data more readable and standardized.
The standardization of data that blockchain allows creates a perfect scenario to perform audits, advanced queries and data analysis with Artificial Intelligence.
• Autonomous Smart Contracts
Bywise has a smart contract technology, where it is possible to reduce bureaucracy and automate processes in companies.
Bywise smart contracts allow for a wider range of actions than other networks. In Bywise contracts, it is possible, for example, for a contract to execute itself, to perform blockchain queries, to connect with APIs, to perform actions on other blockchains (atomic swaps) and many other actions.
In addition to its super powers, writing a smart contract on Bywise is safer and simpler because it uses high-level languages like Typescript and Javascript. Using high-level languages allows for more creative freedom and implementation of security checks in the contract itself.
• Migration and Integration
Bywise is a friendly technology in every way. The migration and integration process is simplified:
• Modularity
Bywise smart contracts already allow you to accomplish many things. But in case you need to create automation with more freedom. Bywise works with modules, it is possible to write a module with the technology of your choice and integrate with Bywise at the blockchain level.
1st layer
In the first layer, Bywise works as a communication hub between systems, a protocol that allows everyone to talk in the same way. In addition, it is in this layer that the Immutability Proof takes place, which is responsible for bringing security to all networks connected to Bywise.
This layer also allows instant cryptocurrency transactions, DeFi applications, execution of smartcontracts, crosschain operations, atomic swaps and interconnection between different protocols. In this layer, it is possible to move crypto assets, interact with various blockchain networks without giving up speed, security and scalability.
In the other layers it is possible to create private blockchains, sidechains, interconnect different blockchains and even connect systems that are not based on blockchain.
Sidechains, Appchains & Private Chain
In the other Bywise layers, it is possible to create sidechains, appchains and private chains with a few clicks, in addition to allowing freedom of configurations and permissions. This allows your organization to meet technical and regulatory requirements while leveraging all of our out-of-the-box features such as infrastructure, tokens, nfts, wallets, IPFS storage and many other features.
By creating a sidechain or an appchain, it is possible for your network to connect with other sidechains and appchains in addition to connecting with the main existing blockchains. This allows the project complete freedom and modularity to access only what it needs.
Development and Usability
The Bywise blockchain is a blockchain created by developers for other developers. With the Bywise blockchain, it is possible to build smartcontracts using javascript, creating private blockchains and sidechains in a simplified way. In addition, all bywise nodes have a REST API interface that facilitates the entire integration process with other systems and websites.
The entire blockchain is designed to be modular and allows the connection with modules written in other programming languages and the interconnection with systems external to Bywise.
construction pillars
Bywise was created on top of 7 pillars:
- Scalability
- Speed
- Usability
- Privacy
- Security
- Interoperability
- Usability
These pillars are guides for the development of the cryptocurrency, which, despite not being finalized, has already achieved proof by simulation of various innovations and concepts. These innovations include the maximum rate of 17 million transactions per second without breaking the network into chards, they also include a new secure instant transaction system, a new block system, multi-step security, more accessibility for merchants, users and non blockchain based. These are some of the main innovations conceived that will be detailed in the next chapters.
Paper accepts everything, we don't.
Each of these pillars has been thought through to the smallest of details. It is possible to see many projects that achieved incredible results on paper, but in practice they did not achieve relevant results. Mainly because some ideas only work on paper, slowness to develop new functionalities in the project, lack of tests and practical validations. With that in mind, the entire process of creating and developing the blockchain solution was carried out in stages following this methodology:
- Ideation
- Validation
- Peer review
- Simulations & Tests
- Construction and Development
- Load test and implementation of results
We seek to achieve real results in an agile way. We do this through a method that mixes the scientific method with software development.