Blockchain Technology Ternio Releases 3rd Party Verification of Ability to Process Over 1 million Transactions Per Second, Fully Decentralized and On-Chain Published 5 months ago on 19th May 2018 By Amy Tori Ternio, the creator of the highly scalable blockchain framework Lexicon, has released a third-party audit of its technology. The verification report highlights the ability for Ternio’s blockchain to process more than 1 million transactions per second, fully decentralized and on-chain, making it the fastest blockchain in the world. This marks a quantum leap forward in transaction power as most blockchains are currently limited to a few thousand transactions per second. Security firm Null Bash conducted a full audit of Ternio’s team, infrastructure, and code base. Results of the audit showed that Ternio’s Lexicon architecture is mature enough to readily support high transaction speeds. The integrity of the data passing through the system will be guaranteed due to the decentralized and distributed nature of blockchain technology. “We are not an open-source project and do not have a public github repository, so the third-party verification was important to support our claims,” said Bryant Maroney, Co-founder and CTO. “By completing this audit the public will gain the confidence that Ternio is executing against our claims. Most important, our blockchain has the scale to support the high QPS of programmatic buying and selling.” “Ternio sits at the apex of two industries—blockchain and programmatic advertising. We have a unique perspective on how both industries function and the opportunity to educate the public on the nuances of each,” said Maroney. “By building a solution to solve problems in advertising, we developed tech with massive scalability that can be applied in any industry.” The report states, “Over the course of April and May 2018 – [Null Bash] visited Ternio’s corporate office in Atlanta, GA to visit and to meet with the development team in person. Though undisclosed – the development team is comprised of senior level engineers and admins who have extensive experience in cryptography, development, and systems scaling with backgrounds ranging from LexisNexis, MIT, NSA, Hewlett Packard, US Military, Oracle, Cisco, and Bank of America.” It goes on to say, “We certify that their schematics and architecture are unique and resolve the issues that are presently limiting most decentralized blockchain architectures from scaling in a way that could be useful in any number of use cases from financial transactions to digital advertising to messaging applications.” You can see the full report here: https://ternio.io/audit About Ternio: Ternio is a blockchain company that brings transparency to programmatic digital advertising with its Lexicon framework. Lexicon is the only scalable blockchain solution for programmatic digital advertising – capable of supporting over 1 million transactions per second. Ternio provides the solution to existing companies in the ad supply chain – enabling those companies to verify users, instantly pay publishers, and protect advertisers from ad fraud. https://www.ternio.io Related Topics:blockchainblockchain technologycryptocurrencyfeaturedTechnologyTernio Up Next HybridBlock’s Highly-Anticipated Public Token Sale Starts May 23 Don't Miss CRYSTALS Announces its ICO to Bring a Game-Changing Solution For the Modeling Industry Continue Reading Advertisement You may like Decentralized Payment Solutions For The Global Open-Source Economy A Sustainable and Green Energy Stablecoin How To Buy and Sell a House With Bitcoin and other Cryptocurrencies Introducing Gradient eLocations’ ICO Launches Pre-Sale To Become The Trivago of Commercial Real Estate Navibration Launches Private Token Sale to Bring a Vibration-Based Navigation System to Users Globally Comments Latest Popular Cryptocurrency News3 weeks ago Decentralized Payment Solutions For The Global Open-Source Economy Cryptocurrency News4 weeks ago A Sustainable and Green Energy Stablecoin Blockchain Technology1 month ago An Innovative Blockchain Ecosystem for Soccer Fans Blockchain Technology1 month ago Veridium welcomes William Wei, a former Apple executive and serial entrepreneur, to head its exchange division Cryptocurrency News1 month ago How To Buy and Sell a House With Bitcoin and other Cryptocurrencies ICO News1 month ago CINDX crypto fund management platform allows users to model their investments after those of successful blockchain traders. 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