CORO is built on a new generation of distributed ledger technology (DLT) called hashgraph. Hashgraph accomplishes being fair, fast, efficient, inexpensive, timestamped, and DDoS resistant.
The technology built on Hashgraph provides near-perfect efficiency in bandwidth usage and can process upwards of 500,000 transactions per second. To put the speed of our network in perspective, Visa’s network handles an estimated 35,000 transactions per second.
Hashgraph achieves the highest standard for security in the field of distributed consensus: asynchronous Byzantine Fault Tolerance (aBFT). Other networks that use coordinators, leaders, or communication timeouts tend to be vulnerable to Distributed Denial of Service (DDoS) attacks against those vulnerable areas. Hashgraph is resilient to these types of attacks and achieves the theoretical limits of security.
Our network provides the strongest foundation for CORO. It enables the CORO app to achieve unprecedented speed with fractional cost per transaction, all while being fully cyber-secure.