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On What Blockchain Does TransferChain Run?
On What Blockchain Does TransferChain Run?

Discover which blockchain powers TransferChain and how it enhances security and privacy.

TransferChain Team avatar
Written by TransferChain Team
Updated over 2 weeks ago

On What Blockchain Does TransferChain Run?


TransferChain employs a distinct and independent blockchain network based on the open-source Tendermint Core Framework. Each of its components has undergone customization to address the unique requirements of TransferChain specifically.

Importantly, TransferChain abstains from introducing digital intermediaries, such as platform-specific tokens or coins, which could be traded on its network or any secondary market.

This platform operates within a permissioned blockchain network, promoting a multi-actor presence. It utilizes an in-house consensus mechanism called "Proof of Staked Role (POS-R)," meticulously designed to align with TransferChain's vision, emphasizing decentralization.

The decision-making process is anchored in a management approach reliant on the transfer of power weight, involving a predefined selection of participants drawn from TransferChain itself and its corporate users.

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