Problem - Blockchain Trilemma

The Blockchain Trilemma refers to the challenge of achieving the ideal balance between decentralization, security, and scalability within a blockchain network—a balance that is often difficult to attain as enhancing one aspect can lead to compromises in the others. This concept is a foundation in the architecture of blockchain technologies, where the dynamics between these critical attributes define the network performance and the user experience.

Proposed Solution

The PoY AI Token system aims to address the Blockchain Trilemma through the integration of an innovative hybrid consensus mechanism that does not sacrifice decentralization for scalability or security, named as Delegated Proof of Credit (DPoC). The DPoC mechanism is inspired by real-world credit systems, mirroring the trust and creditworthiness that facilitate transactions in everyday finance. With this consensus model, BioMatrix offers a flexible solution that effectively balances blockchain principles to deliver a network that is swift, scalable, and robust. In this system, Trusted Execution Environments (TEE) are employed to assign timestamps to transactions, securing the orderliness of transaction processing. This feature is essential for the reliability of the network, allowing it to resist various security threats while ensuring transaction integrity. The lazy mint concept further streamlines off-chain, real-time processing, executed via the biocontract, thereby significantly boosting the capacity of the network to handle a high volume of transactions efficiently.