Hybrid Layer Synchronization Protocol refers to a method that combines different approaches to achieve efficient consensus and data synchronization in blockchain systems. It integrates both on-chain and off-chain mechanisms to enhance scalability, speed, and security.By using a dual-layer approach, this protocol allows for quicker transaction processing while maintaining the integrity of the main ledger. On-chain components ensure that critical data is recorded securely, whereas off-chain solutions can handle a higher volume of transactions without congesting the main network.This type of protocol is particularly beneficial for platforms that require high throughput and rapid confirmation times, such as decentralized finance applications. It balances the need for decentralization with practical performance requirements. Overall, Hybrid Layer Synchronization Protocol seeks to optimize how transactions are validated and recorded, ultimately leading to a more efficient and user-friendly experience.
Russia Grants Banks Limited Approval to Handle Cryptocurrencies
Russian banks will be allowed to conduct cryptocurrency operations under strict conditions, the Central Bank announced Friday, marking a cautious