4.1 Public Blockchain
Last updated
Last updated
Speed and Scalability:
Solana's high-speed, parallel processing capabilities enhance the implementation of Academic Labs' native token, $AAX, on the Solana blockchain. With sub-second transaction times and the ability to process thousands of transactions simultaneously, Solana enables fast, secure, and cost-effective transfers of $AAX tokens. Its unique proof-of-history consensus mechanism and optimized transaction processing ensure that $AAX transactions are processed efficiently, allowing for seamless token integration within the Academic Labs ecosystem. This enables users to utilize $AAX for various purposes, such as rewards, incentives, and governance while benefiting from Solana's scalability and performance advantages.
Security:
Academic Labs leverages Solana's blockchain and distributed storage to ensure secure, decentralized user data storage. Advanced encryption algorithms protect sensitive information, while Web 3.0 technology provides decentralized identity accounts (DIDs) for learner identity verification. Solana's decentralized structure and consensus mechanism prevent unauthorized account changes. At the same time, its support for traditional and cryptocurrency payments and future DeFi lending integration promotes financial inclusion and seamless global participation in online education.
Audit Report:
https://www.cyberscope.io/audits/aax