Proof of Immutability

Bywise has an algorithm where the transaction is confirmed, that is, it is added in a slice, within 30 seconds. Once confirmed, the Uniform Data Distribution algorithm ensures that all network nodes are notified that the transaction has been successfully entered into the blockchain. This algorithm was carefully constructed to ensure that every transaction that enters a slice also enters a block, making the transaction immutable.

Once we have an algorithm that turns all transactions into instantaneous (up to 30 seconds of confirmation) and immutable, we move on to the algorithm that guarantees that the sequence of blocks does not change in the short term and in the long term.

To ensure the immutability of the blockchain, algorithms based on Proof of Work (PoW) use computing power to ensure network security. Stake-based algorithms (PoS, DPoS and others) require coin decentralization to ensure network security. Both methods have advantages and disadvantages.

Let's highlight some disadvantages here. In PoW, the expense of electricity, slowness and cost for hardware to mine make the algorithm unfeasible to use in projects and industry. PoS, on the other hand, needs a cryptocurrency with a fluctuating value in the market and that asset is well decentralized. The concentration of coins held by only one entity can compromise the security of the system as a whole.

Bywise does not use PoW or PoS derivations. We created an algorithm called Proof of Immutability. It is a cryptographic proof (Hash) of the blocks that is inserted into other blockchains, thus ensuring that the network does not change in the short and long term. This algorithm also has a great advantage for industry and projects in general as it removes the need to create a system of governance, decentralization and authority for private blockchain projects. This makes its adoption and use simpler than other projects.

The bywise sidechains prove immutability on the Bywise public blockchain. Bywise's public blockchain proves immutability on multiple blockchains simultaneously. To carry out an attack on Bywise's network, it is necessary to attack not only Bywise but other blockchains and all of this simultaneously. This makes the Bywise blockchain the most secure blockchain.

Bywise is currently proofing immutability on Binance Smart Chain. In the future, we will add more networks like Bitcoin itself, Ethereum, Polygon, Cardano, TRON, Solana and others.