What is Blockchain 5.0, and How Relictum Pro is set to Revolutionize the Industry?

Relictum Pro is set to Revolutionize the Industry

The blockchain technology is barely a decade old, and yet, it’s evolved on many levels already. Today, it’s used in a variety of areas, including healthcare, banking, real estate, etc. The evolution of blockchain technology can be summarized in the following points:

Blockchain 1.0: First-generation blockchain that led to the rise of the first working cryptocurrency i.e., Bitcoin.

Blockchain 2.0: With this generation, blockchain-based applications started to emerge on the surface with Ethereum (a significant improvement over Bitcoin).

Blockchain 3.0: The third generation that tried to make blockchain more scalable and ready for commercial applications. One of the most critical technologies that were created during this period was DAG, that drastically improved the speed of transactions and lowered the costs.

Blockchain 4.0: With the fourth generation, the average size of blocks on a blockchain network was brought down to just 268 bytes, and the node filling speed was also improved. Other improvements included higher bandwidth,

Blockchain 5.0:?

Today, we are near the launch of blockchain 5.0, a revolution that’s spearheaded by Relictum Pro.

What’s Blockchain 5.0? How will Relictum Pro Use it?

Blockchain 5.0 is the latest generation of a decade-old technology, and Relictum Pro looks to organize and formalize the economic lives of the people with the same. The goal is to eliminate the middlemen involved in different domains like transportation, accommodation, banking, etc. and ensure that transactions are faster and more secure than ever.

The following are some of the points that show why Relictum Pro is set to launch a new revolution with blockchain 5.0:

Drastically Smaller Block Size

Blockchain 5.0 block size is just 120 bytes, which is 8,000 times smaller than Bitcoin block size, which is 1,024,000 bytes (1 MB). This makes it possible to take the data transfer and data processing speed to a whole new level. It also speeds up information searching on the network.

Faster, Much Faster Transactions

Current generation blockchain can take on average 30 minutes to fill all the nodes with blocks to complete a transaction. However, Blockchain 5.0 takes no more than 2 seconds to finish the process, thus allowing the users to transfer funds in record time.

Improved Rate of Transactions

The average number of transactions on 4th generation blockchain varies from 1,000 to 900,000 per second. However, blockchain 5.0 makes it possible to cross the 1,000,000+ mark.

Major Problems that Relictum Pro Solves

The following are some of the biggest problems that Relictum Pro aims to resolve:

• Encapsulating the data of all the people under a comprehensive and easily accessible system. It has the potential to become a single cohesive system where the financial, personal, medical records, etc. can be stored and secured.
• Enhancing traditional blockchain networks with virtual connections to boost processing speed and security.
• Allowing enterprises to implement practical and scalable blockchain solutions in existing products and systems without spending a lot of time and money on the transition.

Considering all the points above, it’s easy to see that Blockchain 5.0 has tremendous potential and can add tons of value to our lives once it’s launched and successfully implemented by Relictum Pro. The platform is paving the path of a better future with this upcoming technology, and we can already look forward to many new improvements in society.